Property and Casualty News

As Texas Republicans vow on the campaign trail to once again wage war on the state's high property taxes, among the highest in the nation, a clear victor has already emerged: older homeowners. In the wake of additional cuts the Legislature passed last year, some 60% of Texas homeowners age 65 and up no longer pay school property taxes, the largest portion of property…

ATLANTA— With gasoline prices topping $4 a gallon less than two weeks ahead of early voting, Democrat Keisha Lance Bottoms pledged to cut driving-related taxes. Standing outside a BP gas station near Georgia Tech on Wednesday, Bottoms said that if voters choose her as the state's next governor over Republican Rick Jackson, she will seek to eliminate the state's…

Motor vehicle lawsuits have risen sharply over the past decade, adding to costs that can affect what consumers pay for auto insurance, according to a new analysis from the Insurance Information Institute and the Casualty Actuarial Society. The analysis estimates the increase in motor vehicle tort litigation at $43.84 billion from 2015 to 2024, accounting…

Despite increased use of AI in the insurance shopping process 1 and direct-to-consumer marketing efforts by carriers, independent insurance agents still write 62% of all property and casualty polices in the United States 2, making them a critical link in the industry ecosystem. According to the JD Power 2026 U.S. “Insurance has always been a…

The following information was released by the California Department of Insurance:. Nine Department-sponsored bills improve wildfire recovery, hold insurers accountable, expand health care protections, and continue California's historic consumer protection reforms. Governor Gavin Newsom has signed nine Department of Insurance-sponsored bills this…

Senator Tina Smith's bipartisan legislation to safeguard the availability of terrorism risk insurance coverage passed the full Senate by a unanimous vote. Roughly 60 percent of American businesses have terrorism risk insurance, which could become unavailable without further action by Congress. Sen. Smith led the bipartisan Terrorism Risk Insurance…

eMaxx today announced that Rob Gronkowski has been named company spokesperson. “eMaxx is a property and casualty provider built for businesses that take risk management seriously,” said Brian K. McCarthy, CEO and President, eMaxx.“ Rob’ s commitment to teamwork reflects the values of Members, and we are proud to welcome him as the Company’ s spokesperson.”.

OKLAHOMA CITY— An interruption from the gallery briefly brought a high-profile homeowners insurance lawsuit hearing to a halt Monday morning before Oklahoma County District Judge Amy Palumbo ordered 11 internal State Farm documents to be stripped of their confidential status. State Farm case, had started reading from a recent deposition on Sept. 28.

The following information was released by the office of Arizona Senator Ruben Gallego:. Last night, Senator Ruben Gallego celebrated the Senate passage of his Terrorism Risk Insurance Program Reauthorization Act of 2026. "I'm proud to work alongside my colleagues in the Senate to get this bill passed.

—In eastern Kentucky, Libby Honeycutt listened upstairs to the sound of glass breaking below as floodwaters tore apart her house. Nationwide, just 2.4% of properties are covered by 4.5 million federal flood insurance policies, an Associated Press analysis shows— but 8.4% are at severe or extreme risk of flooding. The problem is especially bad in eastern…

Established in 2013, Beibu Gulf Insurance is a non-life insurance company headquartered in Guangxi province, China. Despite being a small-to-medium sized non-life insurer in China, Beibu Gulf Insurance holds a prominent position in Guangxi province, capturing 9% of local market share, in terms of premium income in 2025. Leveraging strong relationships…

LAS VEGAS, Sept. 29, 2026/ PRNewswire-PRWeb/– Cloverleaf Analytics, a leading provider of advanced analytics for property and casualty insurers and MGAs, today introduced Autonomous Analytics, an AI-native platform that makes monitoring and investigating changes in the business as easy as asking questions in plain English. "The new Autonomous Analytics…

The following information was released by the American Public Power Association:. The Senate Banking Committee recently voted unanimously to pass S. 4395, the Terrorism Risk Insurance Program Reauthorization Act of 2026.. APPA joined a coalition of stakeholders in sending a letter to Senate Banking Committee leadership urging swift passage of S. 4395..

A majority of Florida homeowners say that despite proclamations by lawmakers and rating agencies, they don't believe the property insurance market is improving in the state, with more than a quarter asserting that the market is getting worse. Those are findings from a survey of 1,511 Florida homeowners conducted last month by the Public Opinion Research Lab…

David Jolly, the Democratic nominee for Florida governor, announced plans Monday to crack down on property insurance companies that use complex corporate structures to ship money to related firms whose profits are kept secret. Jolly’ s proposal came in response to articles in the Orlando Sentinel and South Florida Sun Sentinel on a secret state-funded…

Liberate, a provider of insurance-native AI agents for property and casualty insurers, today launched AI Intercept, a capability that screens every inbound call to a carrier or agency, identifies when the caller is a consumer’s AI agent rather than a person, and routes it to Liberate’s AI for end-to-end handling, allowing human teams to stay focused on the…

Regulators say The Wave Insurance targeted Destin-area businesses and collected more than $100,000.