Part of the governor’ s effort to cut auto insurance premiums in New York has gone into effect. On Wednesday, Hochul announced that the state’ s Department of Financial Services, which regulates insurers and other financial entities, has issued new guidance to auto insurance companies requiring they lower their rates to reflect the changes in law made this year.
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More than 80 New Orleans area businesses were named "top workplaces" as part of an annual Times-Picayune program that culminated with an awards ceremony Wednesday at the Higgins Hotel downtown. Mid-size winners were Stoa Group, a Hammond- based multifamily developer; the commercial contractor RNGD; and MSB Consulting Engineers. Top honorees in the large…
Insurity, a leading provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced the full agenda for Excellence in AI& Insurance, its annual conference designed to help insurers navigate the increasingly complex operational demands reshaping the industry. A major focus of this year’s event is the…
Governor Kathy Hochul today announced that the New York State Department of Financial Services has issued new guidance to insurers, implementing reforms enacted in the Fiscal Year 2027 Budget to help bring down the cost of auto insurance rates and combat fraudulent claims across New York State. "Since taking office, I have been committed to making New York…
Louisiana has more riding on this than almost any state in the country. "Since FEMA's Risk Rating 2.0 program went into effect, Louisiana families have opened their flood insurance bills with more questions than answers: why their premium jumped and what discounts they're missing," said Rep. Carter. "Louisiana has more riding on this than almost any state in the…
This week, the U.S. House of Representatives passed the bipartisanTRIA Program Reauthorization Act, legislation introduced by Congressman Mike Flood and co-led by Congressman Andrew Garbarino, to extend the Terrorism Risk Insurance Program through 2034.. "As a lifelong New Yorker, I know the lasting impact the September 11th terrorist attacks have had on…
This week, Congressman Cleo Fields, along with Representatives Troy Carter, Mike Ezell, and Rob Bresnahan, introduced H.R. 9511, the NFIP Premium Transparency Act, legislation that would require the Federal Emergency Management Agency to give the more than 400,000 Louisiana policy holders enrolled in the National Flood Insurance Program a full, clear…
First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today announced that Pam Forrester, senior vice president of Lender Division operations, was honored as one of HousingWire’ s 2026 Women of Influence. “Pam’s leadership has helped shape…
Oklahoma Attorney General Gentner Drummond filed a new lawsuit Wednesday, June 24, against State Farm Fire and Casualty Company, alleging the insurer engaged in a coordinated scheme to wrongfully deny or underpay legitimate hail and wind damage claims submitted by Oklahoma homeowners. Filed in Cleveland County District Court, the lawsuit alleges State…
Insurance rates have skyrocketed since the pandemic, and jaw-dropping renewal notices have left many consumers stretched thin when it comes to protecting their assets. Nearly half of Americans with auto insurance and homeowners insurance say they're stressed about their premiums, according to a recent NerdWallet survey. Even as affordability…
The following information was released by the American Public Power Association:. The House on June 29 approved H.R. 7128, the Terrorism Risk Insurance Act Program Reauthorization Act of 2026, by a vote of 373-15. APPA supports the bill. S. 4395 has been introduced as an amendment to the Fiscal Year 2027 National Defense Authorization Act by Senators Dave…
How a hurricane-ravaged town partnered with FEMA to reduce risk, cut costs, and build back smarter. Eventually, FEMA determined that the town was no longer fully complying with the National Flood Insurance Program. As a result, Fort Myers Beach was placed on probationa designation that added a $50 surcharge to every federal flood insurance policy in the…
Who’s left holding the risk when insurers drop AI liability coverage?
When an AI system produces a faulty output, an infringing piece of content or a downstream business loss, the question of who pays has quietly changed.
The House of Representatives has passed a bipartisan bill to provide protection for insurers against acts of terrorism. "This legislation would reauthorize TRIA, the program established by Congress in the aftermath of the September 11, 2001, terrorist attacks, through 2034," Flood said. Rep. French Hill, who is chairman of the House Financial Services…
Insurity, one of the largest software providers to the property and casualty insurance industry, today announced the appointment of Jatin Atre as Chief Executive Officer. Atre succeeds Jeff Clarke, who will continue with Insurity as Executive Chairman. Jatin Atre has been appointed Chief Executive Officer of Insurity.
The House of Representatives has passed a bipartisan bill to provide protection for insurers against acts of terrorism. “This legislation would reauthorize TRIA, the program established by Congress in the aftermath of the September 11, 2001, terrorist attacks, through 2034,” Flood said.“ We are so fortunate that we have never seen a TRIA claim in the program's…
EPIC Insurance Brokers& Consultants, a national insurance brokerage and consulting firm providing specialized services across select industries and client sectors, today announced the appointment of Monica Donatelli as National Surety Practice Development Leader. In this role, Donatelli will develop practice strategy, client service delivery and the…
Three quarters of Midwestern homeowners are concerned about rising home insurance premiums and 86% of homeowners surveyed in a poll released Thursday by Climate Power and the Insurance Fairness Project say elected officials should do more to reduce the cost. The poll surveyed Iowa, Nebraska and Kansas homeowners and found they largely supported policy…
The U.S. International Development Finance Corporation today signed a cooperation agreement with the Multilateral Investment Guarantee Agency, the home of the World Bank Group Guarantee Platform, to establish a political risk insurance framework for the United States-Ukraine Reconstruction Investment Fund. This framework is intended to catalyze and…
New World screwworm hasn't plagued American domestic animals in nearly 60 years. But since June 3, federal authorities have confirmed at least 20 cases in Texas and New Mexico. "Standard accident and illness pet insurance policies usually cover treatment for parasitic infestations," said Julia Taliesin, a licensed insurance agent and economic analyst for…
