The latest news, regulation and trends in property & casualty insurance.
Hail, tornadoes and damaging winds continue to drive costly claims across the country. Moody’s and Gallagher Re examine regional loss patterns, rising repair costs and the reinsurance outlook.
JD Power and TransUnion report higher auto insurance switching, while separate consumer research identifies price as a leading reason for changing carriers.
The 5th Circuit affirmed Liberty Mutual’s victory in a coverage dispute over a fatal Texas pileup, while leaving indemnification unresolved.
Citrus County appears to have done the right thing after discovering that sensitive personal information belonging to about 1,300 county employees and family members had accidentally been released. Those were appropriate steps, and County Administrator Steve Howard was right not to wait for the next County Commission meeting before acting.
The California Department of Insurance is highlighting new data showing the steepest decline in FAIR Plan growth in four years— a key sign that reforms are expanding traditional market options for homeowners and reducing reliance on the state's insurer of last resort. Deputy Commissioner for Rate Regulation Ken Allen and Deputy Commissioner for…
Jane Kim, a populist candidate running for insurance commissioner who wants to cap executive pay in the industry, narrowly led the vote count Tuesday over her Democratic opponent Ben Allen, after a months-long campaign saw the candidates clash on potential ways to reduce homeowners "insurance premiums. The election became a bit of a high-profile contest in…
ReverseReach enables mortgage professionals to identify potential reverse mortgage transactions without specialized reverse mortgage knowledge, creating new opportunities from existing borrower relationships with a combination of technology and an exclusive live help desk staffed by a full-time underwriter.
Horace Mann Educators Corporation, the largest multiline financial services company focused on helping America’ s educators and a core small- to mid-cap growth and value equity in the Financials sector, today reported financial results for the three and nine months ended September 30, 2026:. Diversified business delivered third-quarter net income of $58.5…
PEMBROKE, Bermuda—- Premia Holdings Ltd. has completed the acquisition of Ramius Enterprise Luxembourg Holdco S. à r.l. and its subsidiaries, including property and casualty reinsurer Cowen Reinsurance S.A.. Cowen Reinsurance has been renamed Premia Reinsurance Europe S.A.. Premia is a leading provider of risk transfer solutions focused on legacy risks,…
Hail, tornadoes and damaging winds continue to drive costly claims across the country. Moody’s and Gallagher Re examine regional loss patterns, rising repair costs and the reinsurance outlook.
Bowhead Specialty Holdings Inc., a specialty lines insurance group focused on providing casualty, professional liability and healthcare liability insurance products, delivered through complementary“ craft” and“ digital” underwriting models, today announced financial results for the third quarter ended September 30, 2026. Gross written premiums…
JD Power and TransUnion report higher auto insurance switching, while separate consumer research identifies price as a leading reason for changing carriers.
PHILADELPHIA— If tidal flooding over the last several weeks has convinced you it's time to get flood insurance, FEMA wants you to know that the National Flood Insurance Program has a new tool where the purchase of a policy can be accomplished entirely online. Floodsmart.gov is available to anyone living in one of the almost 22,700 participating NFIP…
If your home isn’ t in a federally designated flood zone, flooding might seem like someone else’ s problem. No one requires you to buy flood insurance, and the map suggests you’ re in the clear. But reality may be very different.
Protective Life Corporation, a U.S. subsidiary of Daiichi Life Group, Inc., today announced that its principal subsidiary, Protective Life Insurance Company, has completed its acquisition of Obsidian Insurance Holdings, Inc. and its affiliates from funds advised by Genstar Capital. This press release features multimedia. “Obsidian brings Protective into an…
Porch Group, Inc., a new kind of homeowners insurance company, today announced its upcoming investor event attendance. Porch Management will be attending and participating in one-on-one and group investor meetings at these upcoming events:. November 10, 2026: 2026 BMO Financials Conference November 11, 2026: 2026 Cantor Convergence Conference November 16,…
Democratic challenger Kevin Redmon outraised Republican Commissioner JoAnn Birrell overall in the race for the Cobb County District 3 seat, following the last campaign finance reporting period before the election. Redmon's largest contributor this period was $2,500 from Daniel Matalon, CEO of A 2nd Chance Bail Bonds, which has an office in Cobb County.
An annoying, persistent myth of climate discourse is the idea that trying to stop the planet from becoming a charred hellscape is antithetical to the affordability of life’ s basic needs. In fact, in two-thirds of U.S. counties, home-insurance premiums now cost more than property taxes, according to new research from Bloomberg Intelligence analyst Andrew John…
BLUEFIELD— Motorists traveling along city streets in Bluefield will want to make sure their vehicle insurance is up to date. Mayor this is a second reading of our city ordinance that defines consistency with state law requiring the obligation for motorists to carry in the vehicle he or she is operating a proof that they have a liability insurance as required by…
*Tom McInerney will retire as leader of Genworth Financial at year-end. Tom McInerney will retire as president and CEO of Fortune 1000 insurer Genworth Financial at the end of the year, according to a Friday announcement. Angela Simmons, currently chief financial officer of Genworth's Closed Block, is expected to become executive vice president and chief…
Josh Shapiro signed Oct. 22, according to the General Assembly's bill records, WHYY and Insurance Journal. The new law adds five items, according to WHYY, Insurance Journal and the bill text:. The law also directs the Pennsylvania Insurance Department to publish information on flood zones, flood insurance and ways to reduce flood damage, according to the bill text…
Josh Shapiro signed House Bill 1704 into law to help Pennsylvania's homeowners understand potential flood risk during the home-buying process and protect against catastrophic loss. Perry Warren, D- Bucks, implements a key recommendation of the Pennsylvania Flood Insurance Premium Assistance Task Force, which provided recommendations to Governor…
Starr Chile is an affiliate of Starr International Group, which on a consolidated basis has a balance sheet strength that AM Best assesses as strongest, as well as adequate operating performance, favorable business profile and appropriate enterprise risk management. Starr Chile is a property/casualty insurer, established in Santiago, Chile, in 2016, as part…
