COLUMBIA— South Carolinians' cost for replacing cracked or broken windshields could change with legislation advancing in the Statehouse. As long as they have comprehensive coverage, South Carolina drivers don't pay out of pocket for windshield replacements. Still, there is no "free" glass coverage in South Carolina.
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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Auto Club Insurance Association and its wholly owned subsidiaries and affiliates, which are collectively referred to as Auto Club Group. Concurrently, AM Best has affirmed the FSR of A- and the Long-Term ICRs of“…
American Club benefits from its membership in the International Group of Protection& Indemnity Club’ s pooling agreement and shared reinsurance program, which allows it to provide the large insurance cover limits required by ship owners. At year-end 2025, American Club reported an overall surplus of USD 65.5 million primarily driven by healthy investment…
The Pennsylvania Insurance Department announced that Pennsylvania's personal auto insurance market is stabilizing after several years of rising premiums, offering relief from premium increases for drivers across the Commonwealth. "We're happy to see stabilization of the personal auto insurance market in Pennsylvania, which signals a healthy,…
The team at Citrus Title Company in Inverness has distinguished itself, for the fifth year, as the Top Florida Agent for First American Title Insurance Company. Citrus Title is owned by local veteran Jen Duca. The award presentation was made recently by Bobbi Jo Alonso and David Roberts of First American Title Insurance, who said achieving top title agency…
The start of the 2026 Atlantic hurricane season is just a month away and the Insurance Information Institute is recommending homeowners, condo owners, renters and business owners prepare now. Led by Colorado State University senior research scientist Phil Klotzbach, Ph.D., a non-resident scholar at Triple-I, the CSU TC-RAMS Team forecasts“ a slightly below…
Newrez, a top five mortgage lender and servicer, today released findings from an analysis of roughly 1.2 million Newrez- serviced residential mortgage loans. According to the study, the average annual homeowners insurance premium increased 64% between year-end 2021 and year-end 2025 when the average premium grew from $1,597 to $2,625.
Hurricane season is just about ready to blow in, and that means it's a good time to go over your insurance policy and, if you don't have one, to get one. Obviously home insurance is big business in Florida where people pay almost as much attention to hurricane forecasts as their medical check- ups. Twin hurricanes in 2024 exposed a lot of problems with insurance— from…
The following information was released by the American Hotel and Lodging Association:. Today the American Hotel and Lodging Association issued the following statement in support of the U.S. Senate introduction of the Terrorism Risk Insurance Act extension:. AHLA thanks the bipartisan group of senators for introducing this incredibly important…
John Kennedy, a member of the Senate Banking Committee, joined Sens. Dave McCormick, Tina Smith, Thom Tillis, Ruben Gallego and 18 colleagues in introducing the Terrorism Risk Insurance Program Reauthorization Act of 2026. In the wake of the September 11th attacks, Congress created the Terrorism Risk.
The following information was released by the Colorado Senate Democrats:. SB26-155, sponsored by Senators Kyle Mullica, D- Thornton, and Janice Marchman, D- Loveland, would create a grant program to fortify roofs against costly wind and hail damage in order to make property insurance more affordable. This bill is a commonsense approach to reduce costs and make…
Illinois Secretary of State Alexi Giannoulias released a new study today detailing how auto insurance companies use non-driving factors to significantly increase costs for Illinois drivers. The release of the study reinforces the need for legislative reforms advanced through the office's Driving Change campaign and was compiled from nearly 2,000…
AM Best will host an analytical briefing on the state of the U.S. medical professional liability insurance sector on Thursday, May 7, 2026, at 2 p.m.. Eric R. Anderson, president and CEO, MPL Association Robert E. White Jr., president, TDC Group Connor Brach, associate director, AM Best Vicky Riggs, associate director, AM Best. Headquartered in the United States, the company…
Concurrently, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of“ aa-” of Old Republic National Title Insurance Company and American Guaranty Title Insurance Company. The ratings of Old Republic, which is considered the lead rating unit in the ORI enterprise, reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong…
A new Issues Brief from the Insurance Information Institute found that legislation moving through the Illinois General Assembly would likely make property/casualty insurance less affordable and less available for consumers by constraining insurers’ ability to price risk accurately, without addressing the underlying causes of rising premiums.
First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today introduced AgentNet ® Assist: Title Intelligence, a new capability that helps title professionals move from document navigation to decision-making more quickly using…
The following information was released by the Insurance Information Institute:. A new Issues Brief from the Insurance Information Institute found that legislation moving through the Illinois General Assembly would likely make property/casualty insurance less affordable and less available for consumers by constraining insurers' ability to price…
The following information was released by Pennsylvania Senator Dave McCormick:. U.S. Senators Dave McCormick, Tina Smith, Thom Tillis, and Ruben Gallego today introduced the bipartisan Terrorism Risk Insurance Program Reauthorization Act of 2026, which is essential to economic security by safeguarding the availability of terrorism risk coverage.
Weeks later, Willard claims that an adjuster for State Farm, his home insurer, said his roof should be replaced. But that same day, State Farm reversed itself and denied Willard's insurance claim. Soon after, State Farm canceled Willard's coverage, leaving him with a battered roof that no other company would insure.
HORRY COUNTY, S.C.— South Carolina lawmakers face increased pressure to once again address the state's liquor liability law as business owners say the cost of required liability insurance has become unsustainable, impacting their operations and ability to remain open. Current state law mandates that businesses serving alcohol carry at least $1 million in…
