Property and Casualty News

Your personal car insurance covers a rental car on a U.S. vacation with the same liability, collision and comprehensive coverage you already carry on your own vehicle. That is one reason just 10% of renters buy insurance at the rental counter, according to a July 2024 Consumer Reports survey of more than 6,000 members. That protection carries the same deductible…

State Farm has begun issuing $5 billion in dividends to customers who held auto insurance policies with the company in 2025.. Payments average $100 per vehicle, State Farm said. State Farm is the largest car insurer in Washington state and 28 other states, according to data from the National Association of Insurance Commissioners.

State Farm has begun issuing $5 billion in dividends to customers who held auto insurance policies with the company in 2025.. State Farm is the largest insurer in California. Payments average $100 per vehicle, State Farm said.

The inland marine line of insurance coverage continues to outperform the broader U.S. property/casualty sector on underwriting, while any premium growth remains limited and largely driven by inflationary factors and ancillary coverages, according to the new AM Best report. Inland marine underwriters have consistently reported lower calendar year loss…

Wawanesa General Insurance has changed its name to W Insurance, introducing a simpler, more modern brand while honoring the company’ s heritage. W Insurance is headquartered in San Diego and licensed to offer insurance in California. As W Insurance, the company remains guided by its purpose, vision, and values.

Oregon Mutual Insurance Company today announced the appointment of June Holmes to its Board of Directors, effective August 5, 2026. Holmes brings more than 40 years of experience in the property and casualty insurance industry, including executive leadership, senior operating, financial, and governance responsibilities at the American Property Casualty…

When insurance payments rival the mortgage: Inside the 2026 homeowners insurance squeeze. Homeownership seems to promise stability, with predictable monthly mortgage payments and protected assets. To learn more about how policyholders are handling this financial pressure, SoFi surveyed 520 homeowners around the nation on April 13, 2026.

OKLAHOMA CITY— More is being revealed about the thousands of lawsuits against State Farm and Allstate, alleging both insurance companies profited off of policyholders through underpaying and denying claims. JC Hallman, an investigative reporter with Oklahoma Watch, broke the initial story about State Farm hearings that would eventually lead to the…

California voters are facing a number of significant races in the general election ranging from the high-profile contest to fill an open governor’ s seat to an initiative that could limit local tax increases. As many beleaguered homeowners know, California’ s property insurance market has been in a free fall since 2023, after State Farm— the dominant…

The August issue of Best’ s Review includes the following exclusive rankings:. Largest Latin American Insurers– Ranked by 2025 Gross Premiums Written US Pet Insurance Plans– Ranked by 2025 Direct Premiums Written US Property/Casualty– Ranked by 2025 Direct Premiums Written by Line US Total Auto– Ranked by 2025 Direct Premiums Written US Commercial Multiperil–…

North Dakota is part of a multistate $15.5 million settlement with one of the nation’ s largest mortgage servicers. Pennsylvania- based NewRez LLC improperly imposed“ force-placed” insurance costs on more than 4,200 borrowers who already had active homeowners insurance policies, according to the state Department of Financial Institutions.

My last three cars have each been a Kia Sportage, all three purchased at Bulldog Kia in Athens, from the same salesmen. The service at that dealership started to decline rapidly, and I moved to Heyward Allen Toyota, also in Athens, and from every indication, I will be there to stay. As a broke young TV reporter in Macon in 1984, I had over-bought myself a new sports car.

DEPARTMENT OF HOMELAND SECURITY FEDERAL EMERGENCY MANAGEMENT AGENCY Proposed Flood Hazard Determinations for Putnam County, Flarida And Incorporated Areas The Department of Homeland Security’ s Federal Emergency Management Agency has issued a preliminary, Flood Insurance Rate Map, and where applicable, Flood Insurance Study, report, reflecting…

Three consumer-backed bills intended to help California homeowners keep their insurance and get claims paid cleared a critical legislative hurdle Thursday, while proposals targeting AI developers’ use of copyrighted work, restricting mental health diversion and banning designer pets died. With an Aug. 31 deadline to pass legislation approaching,…

The bottom line, the group says, is that across California, taxpayers and homeowners with insurance policies would end up paying more as a result of this shift. But the governor’ s office dismissed the notion of any secret bailout, stating in an email that the Newsom administration had been working on this issue for more than a year, since it became clear that an…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the property/casualty subsidiaries of The Hanover Insurance Group, Inc., which are collectively referred to as The Hanover. Additionally, AM Best has affirmed the Long-Term ICR of“ bbb+” and all Long-Term Issue Credit Ratings of The Hanover Insurance Group,…

Illinois homeowners and drivers will soon receive more warning before a large insurance increase— and, for the first time, state regulators will be able to challenge rates they determine are excessive or unfair. JB Pritzker signed two bills in August that change how Illinois regulates personal auto and homeowners insurance rates. Before these laws, Illinois…