State Farm, the most public-facing of around 200 individual State Farm cases brought by an Oklahoma City law firm. That firm, Whitten Burrage, has waged a years-long campaign against State Farm over an alleged scheme to cheat policyholders on claims of roof damage resulting from wind and hail. It is now calling for the release of critical documents the firm said…
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Alexander County, North Carolina is issuing a Request for Proposals for insurance brokers/agents regarding the county's property and liability insurance and workers' compensation insurance. Submit proposals to Justin Mundy, county manager, at the Alexander County Administration Office, 621 Liledoun Road, Taylorsville, NC 28681 no later than 12 p.m. on…
Even as devastating wildfires drive up home insurance costs across California, premiums overall remain relatively low compared to many other states, a new UC Berkeley report finds. The states with the most expensive insurance are prone to hurricanes or tornadoes, including Florida, Louisiana, Oklahoma, Colorado, and Texas. The report found that in California,…
Using AI to predict and prevent weather catastrophe home insurance claims. Cheap Insurance explains how AI is transforming the data to defense strategy for insurers, offering unprecedented granularity and speed in anticipating weather catastrophes, leading to faster claims, reduced losses, and ultimately, greater resilience for communities.
2025 DEC 05– By a News Reporter-Staff News Editor at Ecology Daily News– A new study on environment is now available. According to news originating from Pennsylvania State University by NewsRx editors, the research stated,“ Flood insurance policies have historically been shaped by federal guidelines; however, increasing flood risk has impacted regional flood…
WASHINGTON U.S. Senator Eric Schmitt led a letter to Federal Housing Finance Agency Director William "Bill" Pulte calling for the repeal of a Biden-Era guidance that would prohibit actual cash value homeowners' insurance policies for federally-backed mortgages. In 2024, at the direction of Biden's FHFA, new policy from Freddie Mac and Fannie Mae required…
Dec. 3— CLOQUET— On Tuesday, the Cloquet City Council passed a $28.2 million budget and a 3% levy increase for 2026.. city staff were able to reduce the increase to 3%, now totaling $4.06 million. The reduction is largely due to the savings in reduced workers' compensation and property and liability insurance rates, according to City Administrator Tim Peterson.
Proposed Flood Hazard Determinations for the City of Corunna and Charter Township of Caledonia, Shiawassee County, Michigan, Case No. 24-05-2647 P. The Department of Homeland Security's Federal Emergency Management Agency solicits technical information or comments on proposed flood hazard determinations for the Flood Insurance Rate Map, and where…
W. R. Berkley Corporation today announced that the Company has been informed by representatives of Mitsui Sumitomo Insurance Co., Ltd., a leading Japanese property and casualty insurance carrier, that MSI has acquired beneficial ownership of at least 12.5% of the Company’ s outstanding common stock pursuant to MSI’ s previously announced agreements with a…
AmTrust Financial Services, Inc., a global specialty property casualty insurer, and Blackstone Credit& Insurance, today announced the closing of a strategic transaction under which AmTrust and funds managed by BXCI have partnered to spin-off certain of AmTrust’ s Managing General Agencies and fee-based businesses in the U.S., United Kingdom, and Continental…
HSG Family of Companies hires former broker to lead sales and marketing efforts in Missouri, Kansas, and Illinois.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the pooled members of Selective Insurance Group. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of the ultimate parent, Selective Insurance Group, Inc.. In addition, AM Best has assigned a Long-Term IR of“ a-” to…
A Navy admiral told lawmakers Thursday that there was no“ kill them all” order from Defense Secretary Pete Hegseth, but grave questions and concerns remain as Congress scrutinizes an attack that killed two survivors of an initial strike on an alleged drug boat in international waters near Venezuela. While Cotton, R- Ark., defended the attack, Democrats who were…
Information Services Group, a global AI-centered technology research and advisory firm, has launched a research study examining service providers that help insurers implement and enhance the Duck Creek property and casualty insurance platform. The report will cover companies offering Duck Creek ecosystem services. Duck Creek provides a cloud-based…
The following information was released by the National Association of Insurance Commissioners:. The National Association of Insurance Commissioners and theNational Insurance Crime Bureau share how you can keep your identity safe and the role insurance plays in your protection and recovery. In 2024, the Federal Trade Commission received nearly 10% more…
ALLIANCE, Neb.– The Federal Emergency Management Agency is currently undergoing a mapping project in Box Butte County, Nebraska to provide up-to-date flood risk information for the county. The open house is scheduled for Thursday, Dec. 18, from 4 p.m.– 6 p.m. The open house will be held at the Knight Museum and Sandhills Center, located at 908 Yellowstone Ave, Alliance,…
Auto insurance shocker: Simple bumper dings now require expensive sensor recalibration. The automotive past is often recalled fondly. A fender bender was a nuisance, certainly, but the required repair was relatively predictable.
MGT, a vertically AI-native neo-insurer built to modernize P&C commercial insurance for small businesses and their agents, today announced the addition of two strategic hires to its leadership team: Naydia Chantarasompoth has been named as Chief of Staff, and Annie Pratt has been appointed as Head of Growth Operations. “As MGT continues to scale, we’ re…
It comes out to an extra $3,435 per year, according to Insurify data. The average annual cost of full-coverage insurance for teen drivers on their own policy is $4,514. Maryland, Washington, D.C., and New York are the most expensive places for car insurance for teens, whether on their own policy or on a family policy, according to Insurify data.For teen drivers with an…
Lawsuit blames Big Oil for climate-driven insurance rate hikes
Washington state homeowner’s insurance rates increased by 51% over the past six years. In a new lawsuit, a pair of residents say oil companies are to blame.
