Property and Casualty News

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…

A preliminary agreement signed Wednesday by President Donald Trump and President Masoud Pezeshkian of Iran began a 60- day period of negotiations between the countries. Critically, Iran promised to reopen the Strait of Hormuz, and the U.S. military said Thursday that it had lifted a blockade it had imposed on Iranian ships since April. But on Friday, the next…

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…

AP-President Donald Trump this week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor's time in the White House for a prior increase. In a Monday post on Truth Social, Trump shared a graphic showing the year-over-year change in premiums from 2021 to 2026.

DUBLIN- A former Bay Area bishop has been released from jail after securing release through a bail bonds company, while he faces charges of molesting four boys at least 18 times. Michael Delar Morris, 76, was charged with 18 felonies for alleged child molestation dating back decades. The charging records accuse Morris of molesting four boys, but police say five…

Timothy Dean Martindale pleaded no contest Feb. 9 to a Class C misdemeanor assault charge in connection with a Dec. 22 visit in his office at 7104 New Sanger Ave., according to court officials and an incident report filed by Waco Police. Martindale, 68, reached a plea agreement with Assistant City Attorney Joshua Stephens requiring him to complete a 90- day…

Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is pleased to announce the acquisition of Webtec Insurance Services, Inc., a specialized insurance agency primarily focused on auto and homeowners insurance. Founded over 40 years ago, Webtec Insurance Services built a strong reputation…

“This recognition is especially meaningful because it reflects the trust travel advisors place in our team every day,” said Linda Fallon, Division President, Consumer Business at Arch Insurance.“ We are proud to support advisors and their clients with solutions that help travelers prepare for the unexpected. Arch RoamRight ® is an industry-leading travel…

U.S. insurers paid an estimated $1.65 billion in lightning-related homeowners insurance claims in 2025, a 59% increase from the $1.04 billion paid in 2024, according to the latest figures from the Insurance Information Institute. Florida, California and Texas led the nation in the number of lightning-related homeowners insurance claims.

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hyundai Marine& Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and…

Florida, California and Texas Again Among Top States for Lightning Losses. U.S. insurers paid an estimated $1.65 billion in lightning-related homeowners insurance claims in 2025, a 59% increase from the $1.04 billion paid in 2024, according to the latest figures from the Insurance Information Institute. Florida, California and Texas led the nation in the…

President Donald Trump this week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor's time in the White House for a prior increase. In a Monday post on Truth Social, Trump shared a graphic showing the year-over-year change in premiums from 2021 to 2026.

Terri Straka lived on Cottonwood Drive in the Rosewood neighborhood of Socastee during the 1,000- year flood in 2015, when water spilled from the Intracoastal Waterway up to her yard four rows of homes inland. The National Flood Insurance Policy paid close to $90,000 after she filed a claim. Fifty-eight homes have since been bought out, demolished and…

The agenda also outlines Monroe County's position on proposed federal disaster policy changes in response to the FEMA Review Council's recommendations. Monroe County is advocating for affordable flood insurance, greater transparency in FEMA' s Risk Rating 2.0 methodology, and a cap on annual premium increases of no more than 9 percent for all property…

Your claim was priced before you hired anyone. One Texas firm employs a litigation chief who spent a decade running that model from the inside. J. Alexander Law Firm, a statewide Texas and Oklahoma practice named the 2026 recipient of the Texas Personal Injury Excellence Award after an independent review of 24 Texas personal injury firms, employs as its Managing…

The following information was released by Public Citizen:. WASHINGTON Property and casualty insurance companies raked in massive profits in 2025, driven by underwriting income and profits from investments, according to an analysis of new data released today by Public Citizen and Revolving Door Project. "Insurance companies continue to hike rates for…

Inside every insurance carrier is a pricing model, and one input moves it more than the injury itself: the law firm holding the file. A new attorney led review published this year was engineered around that market reality, and its winner illustrates the premium a verified trial record commands. After reviewing 24 Texas personal injury firms over the period from…