Property and Casualty News

W. R. Berkley Corporation will release its second quarter 2026 earnings after the market closes on Monday, July 20, 2026. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance…

The following information was released by the Michigan State Government:. Summer travel season has arrived, and the Michigan Department of Insurance and Financial Services is providing insurance tips to help Michiganders prepare as they hit the road or travel abroad throughout the warm-weather season. "Summertime is great for getting out on the road and…

MetLife Pet Insurance is introducing a new Memorial Tree Program to help honor that bond, alongside grief counseling services that support pet parents through end-of-life decisions and the months that follow. MetLife Pet Insurance research underscores the depth of that bond: 95% of Americans consider their pet to be family, and 50% say they have grieved a pet’…

And the city’ s annual insurance premiums have nearly quadrupled over that time, from $9.8 million to $35.4 million. Premiums would have risen even higher if city officials hadn’ t agreed to twice increase the city’ s deductible, from $3 million to $5 million in 2022 and then up to $7.5 million last year. Whatever the cause, the sharp rise in costs for payouts and…

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…