Property and Casualty News

However, some worry that middle- and lower-class homeowners in California would assist in offsetting the cost for high-income homeowners with properties in high-risk locations, one insurance industry professional told The Center Square. “A lot of this is centered around high-end, high-net worth homes,” Seren Taylor, vice president of the Personal Insurance…

U.S. Senators Roger Wicker and Cindy Hyde-Smith this week reiterated the need for the Federal Emergency Management Agency to end Biden-era changes to the National Flood Insurance Program that are driving families and businesses away from vital disaster insurance coverage. Wicker and Hyde-Smith signed a letter led by U.S. Senator Bill Cassidy, M.D. that asks…

The following information was released by Mississippi Senator Cindy Hyde-Smith:. WASHINGTON, D.C. U.S. Senators Roger Wicker and Cindy Hyde-Smith this week reiterated the need for the Federal Emergency Management Agency to end Biden-era changes to the National Flood Insurance Program that are driving families and businesses away from vital disaster…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of RF&G Insurance Company Limited. The ratings of RF&G were placed under review with negative implications on September 22, 2023, following the company’ s 100% acquisition of M&C General Insurance Company Limited from Minvielle& Chastanet Limited, a wholly…

AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Southbridge Compañía de Seguros Generales S.A.. Southbridge is a property/casualty insurer, incorporated on May 6, 1980, in Santiago, Chile. Southbridge ranks sixth within the P/C segment in Chile, holding 5.9% of the market, based on gross written premiums.

Auto insurance fraud— whether vehicle theft or staged accidents— already costs U.S. consumers billions of dollars annually, experts say. Officials in New Jersey and Michigan have also reported an increase in staged accidents and organized insurance fraud. This trend isn't limited to the U.S. In Canada, property and casualty insurer Aviva reported a 14%…

The Affordable Insurance and Recovery Act will place the costs of extreme weather on the fossil fuel companies responsible to protect California homeowners from rising costs. Survivors of the Los Angeles Fires and consumer advocates joined Senator Scott Wiener outside the Capitol to announce SB 982, the Affordable Insurance and Recovery Act,…

First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today announced that it was named by HousingWire as a 2026 Tech100 Real Estate winner. First American Title was also named a HousingWire Tech100 winner in 2025.. First American Title was…

The following information was released by Pennsylvania House of Representatives, Republican Caucus:. Legislation authored by state Rep. Kerry Benninghoff that would solve a problem which often occurs when consumers change auto insurance carriers is now headed to the governors desk following unanimous passage today by the state Senate.

NOTICE OF FORECLOSURE SALE FILE NUMBER: 23 SP000016-210 Under and by virtue of the power of sale contained in that certain Deed of Trust executed by ANDREW SCOTT REYNOLDS AND SHERRI RENEE REYNOLDS payable to HOMESTAR FINANCIAL CORP., lender, to FIRST AMERICAN TITLE INSURANCE COMPANY, Trustee, dated December 2, 2021, and recorded in Book DT 116, Page 3 of the Clay…

Greater New York Mutual Insurance Company sued Liakas Law, Jumpstart Funding and several health care practices last week in New York federal court. Liakas was sued twice last year in federal court over many of the same allegations by Roosevelt Road Re and Union Mutual Fire Insurance Company. Firms facing these include Subin Associates and William Schwitzer&…

Elevate Commercial Roofing LLC— Roofing contractor, 640 Ashley Forest Dr. Issued Jan. 28, 2026. Mya Maison LLC— Esthetician services, 2052 Haydenbrook Dr. Issued Jan. 27, 2026. Issued Jan. 30, 2026.1st After Hours Bail Bonds of Cobb— Bail bondsman services, 249 Peachtree St. SW. Issued Jan. 30, 2026.3405 Dallas Hwy Building Owner Bldg 800— Office space rental, 1827 Powers…

A curious bill from Oklahoma's last legislative session has some politicians wondering how much Oklahoma insurance law is being written by insurance companies. Mark Tedford, R- Tulsa, presented Senate Bill 726 to the Oklahoma House of Representatives. Emily Gise, R- Oklahoma City, took the floor to pose a question to Tedford.

The following information was released by Louisiana Senator Bill Cassidy:. U.S. Senator Bill Cassidy, M.D. led the chargewith U.S. Senators John Kennedy, Cindy Hyde-Smith, Roger Wicker, Jim Justice, Shelley Moore Capito, Tommy Tuberville, and John Cornyn to call on the U.S. We write to follow up on our June 9, 2025 letter to then-Acting Administrator David Richardson…

The following information was released by Alabama Senator Tommy Tuberville:. Rather than reducing federal exposure, Risk Rating 2.0 risks increasing long-term disaster costs while weakening the insurance base Congress intended the program to rely upon, "wrote the senators. Sen. Tuberville was joined by U.S. Sens Shelley Moore Capito, Bill Cassidy, John Cornyn,…

The following information was released by Louisiana Senator John Kennedy:. John Kennedy and Bill Cassidy, along with Sens. Cindy Hyde-Smith, Roger Wicker, Jim Justice, Shelley Moore Capito, Tommy Tuberville, and John Cornyn, urged acting Federal Emergency Management Agency Administrator Karen Evans to halt further implementation of the Risk Rating 2.0…

The Schall Law Firm, a national litigation firm, announces that it is investigating claims on behalf of homeowner policyholders of State Farm, Travelers, and Progressive for breach of covenant of good faith and fair dealing and other potential claims. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los…

MGT, the vertically integrated AI-native carrier modernizing commercial property and casualty insurance, today announced a partnership with Amwins, the largest independent wholesale distributor of specialty insurance products in the United States. “Amwins is relentlessly focused on innovation and continuous improvement,” said Ben Sloop, President and…

—MILWAUKEE— MGIC Investment Corp. on Monday reported fourth-quarter profit of $169.3 million. On a per-share basis, the Milwaukee- based company said it had net income of 75 cents. For the year, the company reported profit of $738.3 million, or $3.14 per share.

The following information was released by the Wisconsin Department of Natural Resources:. The Wisconsin Department of Natural Resources encourages Wisconsinites to learn about flood risks across the state and available flood insurance options during Flood Insurance Awareness Week, Feb. 1-7, 2026. Wisconsinites can contact their local zoning…