State Farm has good news and bad news for Louisiana policyholders. State Farm is the largest personal auto and homeowners insurer in Louisiana. More than 1,066,000 State Farm personal auto insurance policyholders will receive an average rate decrease of 5.9%, starting on Jan.1, 2026..
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Should you be able to buy homeowners insurance during a blizzard? For example, one insurer's website states, "No new homeowners or auto policies may be bound in Florida counties under a hurricane warning. "If let that happen unchecked, then they get flooded with immediate claims from the highest-risk folks," Adam Dayan, attorney and founder of Consumer Law Group LLC,…
The following information was released by the Insurance Information Institute:. As rising premiums and tightening coverage options continue to strain household budgets, millions of U.S. homeowners are grappling with the growing challenge of affording and maintaining adequate insurance protection. The Insurance Information Institute's latest Issues…
Supply chain snags spike total auto loss claims. The automotive past offered predictability. The rising frequency of total loss claims is a key driver behind increasing auto insurance premiums, a trend analyzed closely by resources such as Cheap Insurance.
PointBridge, a leading managing general underwriter specializing in professional liability insurance, announced today the launch of a new admitted physicians medical malpractice program in partnership with Aspen, an AM Best A rated global specialty lines company. "We’re excited to partner with Aspen to bring a fresh approach to physicians professional…
Insurance Business America has named Danette Beck from Astrus Insurance Solutions as a 2026 Hot 100 Award winner. Beck was named a 2020 Woman to Watch by Business Insurance and a Risk& Insurance Power Broker in 2015, 2016 and 2018.. “For the third consecutive year, Danette’ s recognition as a Hot 100 Award winner is a testament to her unparallelled commitment to…
OKLAHOMA CITY— A comprehensive package of legislative policy proposals designed to provide Oklahomans with stronger consumer protections, enhanced transparency, and relief from rising homeowners insurance premiums, was announced recently by the state Insurance Department. Insurance Commissioner Glen Mulready said the proposals reflect ongoing…
Automobile insurance fraud, which increases premiums for all drivers, was once almost entirely limited to staged accidents, forged documents, and identity theft. Many schemes involved large rings, even organized crime families, but the techniques were usually unsophisticated. Excluding AI fraud data, the Coalition Against Insurance Fraud estimates total…
The study, published Tuesday in the Journal of Catastrophe Risk and Resilience, suggests that in the last few years, hundreds of thousands of Americans have dropped their flood insurance policies or declined to sign up for a new one after the federal government hiked rates nationwide. “We’ re finding that in households where the income is on the lower side, the drop…
NAIC counters climate impacts with new working groups, risk dashboard
The National Association of Insurance Commissioners is retooling efforts to improve climate change modeling and be better prepared for its impacts on the insurance industry.
The following information was released by Public Citizen:. In the letter, Public Citizen, Consumer Federation of America, Center for Insurance Research, Affordable Homeownership Foundation, Catalyst Miami, Manufactured Housing Action, a project of the Tides Center, Miami Homes for All, and South Florida Freedom Road Socialist Organization, cite reporting…
MariaElviraSalazar and Kathy Castor reintroduced the Continuous Coverage for Flood Insurance Act, legislation thatwouldhelplower costs by ensuringthe Federal Emergency Management Agency allowshomeownerstomaintain flood insurancecoverageoutsidethe National Flood Insurance Program. "Families, homeowners and small businesses across Florida…
The median small business holds $12,100 in cash reserves while the average cyber insurance claim now costs $264,000, creating what MoneyGeek calls the “Insolvency Gap,” according to a new analysis examining small business cash flow and cyber risk exposure.
The city and state are assisting the Federal Emergency Management Agency in alerting property owners and communities that it has updated its flood maps once again. Since 2019, FEMA has studied flood risks along numerous Oahu streams, some which have not been examined before. “The update studied nearly 100 miles of stream across Oahu, resulting in a total of 3,…
A flooded home is overwhelming enough. If your house is flooded and you don’ t have flood insurance, be on the lookout for when the state announces whether the federal government approved disaster relief, which may include individual financial aid for low-income households impacted by the flooding in Western Washington. If you have flood insurance, take photos…
This ruling directly affects the Grays Harbor region as nearly $100 million was to be allocated to Aberdeen and Hoquiam for levee projects that would help prevent catastrophic flooding, lift FEMA floodplain designations and ease requirements for flood insurance and flood-zone codes. "I am extremely encouraged and grateful that this ruling could lead to…
Which safety features actually lower your car insurance rate? For years, the promise has been clear: A safer car equals lower car insurance premiums. Cheap Insurance helps you understand which safety features and discounts are worth asking your carrier about, ensuring you get credit for your vehicle's protective technology.
Which safety features actually lower your car insurance rate? For years, the promise has been clear: A safer car equals lower car insurance premiums. Cheap Insurance helps you understand which safety features and discounts are worth asking your carrier about, ensuring you get credit for your vehicle's protective technology.
Kathy Castor and Maria Salazar reintroduced the Continuous Coverage for Flood Insurance Act, which would lower costs by ensuring that the Federal Emergency Management Agency allows consumers to exercise their right to maintain flood insurance outside of the National Flood Insurance Program. "Families, homeowners and small businesses across Florida…
The U.S. property/casualty industry recorded a $35 billion net underwriting gain in the first nine months of 2025, a significant improvement from the nearly $4 billion gain recorded in the same prior-year period, according to a new AM Best report. However, an 80% reduction in net realized capital gains, driven primarily by a combined $60.5 billion decline at…
