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Property and Casualty News

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The latest news, regulation and trends in property & casualty insurance.

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Albuquerque Rated Best City For Drivers

June 17, 2014

Survey considered congestion, operation costs and road conditions…

Builders Say Trees, Loose Objects Bigger Hazards Than Wind During Hurricane

June 17, 2014

Damage to houses during a hurricane is more likely to result from falling trees and loose objects slamming into buildings than wind…

Florida Governor Signs Bill To Curb Gotcha Insurance Denials

June 13, 2014

Florida Gov. Rick Scott signed a host of bills including reinforced rules against controversial claims denials at the state’s largest private insurer, a new homeowner bill of rights and a measure to boost private flood insurance…

Driver Responsibility Fees To Be Phased Out By 2018

June 12, 2014

Driver responsibility fees, ranging from $100 to $2,000, would be phased out under legislation that received final passage by the Michigan Legislature and was sent to Gov. Rick Snyder…

New Mo. Laws Expand On Electronic Delivery Of Insurance Documents

June 12, 2014

Under new laws signed by Gov. Jay Nixon, Missourians now have more paperless options when receiving policy information from their insurance companies, and commercial property owners will see expanded insurance protections…

Heritage Insurance Will Cover 35,000 Policies From Sunshine State Insurance

June 11, 2014

Heritage Insurance Holdings announced that it reached an agreement to offer coverage for the policies of Sunshine State Property & Casualty Insurance, pending court approval…

Florida Hurricane Catastrophe Fund Eyes Insurance Linked Securities

June 11, 2014

There’s more than one Florida state agency looking to tap into growing demand from capital markets investors for insurance-linked securities…

Ill. Woman Faces Insurance Fraud Charges

June 10, 2014

A Smithton, Ill., woman faces 14 charges related to insurance fraud after police said she pocketed money meant to buy insurance for at least six people…

Not Having Lightning Protection A Gamble For Homeowners

June 9, 2014

Lightning is a lethal phenomenon not to be taken lightly that you can count on to frequently act in strange and unpredictable ways…

Car Black Box Data Can Be Used As Evidence, Court Says

June 7, 2014

The sheer violence of the crash told police that Ryan Safka was speeding on a Pittsburgh highway before his car slammed into a concrete barrier and ricocheted into the woods, killing three passengers…

Fewer Teens Getting Driver’s Licenses And Hitting The Road

June 7, 2014

Imani Coker dreamed of getting her license starting in middle school. It was all she could think about for years. “I can’t wait till I’m 15,” she told her friends…

Pa. Family Embroiled In Insurance Fraud Case

June 7, 2014

Two Luzerne County, Pa., women are among six family members and six family businesses that Pennsylvania Attorney General Kathleen Kane charged with numerous counts of insurance fraud and theft…

Personal Lines Composite Rate Up 3%

June 6, 2014

On average, U.S. personal lines insurance rates were up 3 percent in May…

N.J. Car Salesman Charged With Fraud

June 5, 2014

A car salesman has been indicted for his alleged role in a scheme to defraud, or attempt to defraud, two insurance companies of a total of more than $130,000 by reporting luxury vehicles stolen, even though he knew that the vehicles had been shipped to China…

Auto Claims Surge From May’s Colorado Springs Hail Storms

June 1, 2014

Just as one insurance agency was hosting special hours for hail damage claims, a quick moving hail storm slapped downtown Colorado Springs…

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