Property and Casualty News

Illinois families are feeling financial pressures †"from groceries to utilities to property taxes â€" as the cost of everyday life keeps climbing. Severe weather events, rising construction costs and broader inflationary pressures have pushed claims and expenses up across the country †"not just in Illinois. More than 200 insurers actively compete for…

For the fourth quarter ended December 31, 2025, iA Financial Group recorded core diluted earnings per common share†† of $3.10, which is 2% higher than the same period in 2024. The solvency ratio 5 was 133% 6 at December 31, 2025, highlighting a robust capital position. “Our strong and profitable growth across all business segments in the fourth quarter— including…

—LOS ANGELES— Mercury General Corp. on Tuesday reported net income of $202.5 million in its fourth quarter. On a per-share basis, the Los Angeles- based company said it had net income of $3.66. For the year, the company reported profit of $541.1 million, or $9.77 per share.

SPRINGFIELD— Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance. JB Pritzker called for the legislation last summer after Bloomington- based State Farm Insurance announced it was raising premiums in Illinois an average 27.2%, citing…

Loews Corporation (NYSE: L) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 1.25% on the day to $110.14. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, […]

McLaren Health Care and its McLaren Heart& Vascular Institute have launched a first-of-its-kind cardiovascular screening program in Michigan to strengthen and expand its ability to identify patients’ risk for heart disease earlier and connect them with timely, appropriate care. Launched in partnership with Bunkerhill Health and its AI-powered…

Rate hikes on homeowners insurance appear to be easing in Mississippi, particularly along the Coast, where premiums have grown to rival house payments for some residents. “It’ s getting better,” said Andy Case, director of property and casualty rating for the Mississippi Insurance Department. The wind pool, insurer of last resort for six South Mississippi…

The following information was released by the Insurance Information Institute:. Deadly floods swept across the United States in 2025 at an unprecedented pace, underscoring the growing risk of inland and flash flooding and the critical importance of adequate flood insurance, according to the Insurance Information Institute's latest issues brief, Flood…

Porch Group, Inc., a new kind of homeowners insurance company, today announced its upcoming investor event attendance. February 27, 2026: KBW Non-Deal Roadshow March 3-4, 2026: Benchmark Non-Deal Roadshow March 9, 2026: Loop Capital 7 th Annual Investor Conference March 10, 2026: Cantor 2026 Global Technology& Industrial Growth Conference March 18, 2026: B…

New Mexico is trying to keep doctors. House Bill 99 was introduced to address foundational failures in New Mexico's medical malpractice system that contribute to rising insurance costs, physician departures and worsening access, particularly in rural communities. Liz Thomson, D- Albuquerque, committee amendment— described as a compromise protecting…

SPRINGFIELD— Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance. JB Pritzker called for the legislation last summer after Bloomington- based State Farm Insurance announced it was raising premiums in Illinois an average 27.2%, citing…

Rate hikes on homeowners insurance appear to be easing in Mississippi, particularly along the Coast, where premiums have grown to rival house payments for some residents. “It’ s getting better,” said Andy Case, director of property and casualty rating for the Mississippi Insurance Department. The wind pool, insurer of last resort for six South Mississippi…

*JB Pritzker called for the legislation last year after Bloomington- based State Farm Insurance raised its rates in Illinois an average 27.2%. Pritzker and others suggested the company was shifting disaster-related losses from other states onto the backs of Illinois consumers, a charge industry officials denied. JB Pritzker called for the legislation last…

After leading a delegation of Palisadians including renters and town home, condo, and mobile home owners to Sacramento earlier this week to push for mortgage relief and insurance industry reforms, Mayor Karen Bass today celebrated the introduction of new State legislation by Assemblymember John Harabedian to extend mortgage forbearance for L.A. wildfire…

Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance. JB Pritzker called for the legislation last summer after Bloomington- based State Farm Insurance announced it was raising premiums in Illinois an average 27.2%, citing years of losses in…

The following information was released by the National Association of Insurance Commissioners:. The National Association of Insurance Commissioners has released the2022/2023 Auto Insurance Database Report. The data is the most current compilation of automobile insurance costs throughout the United States.

The following information was released by Louisiana Senator Bill Cassidy:. U.S. Senator Bill Cassidy, M.D. penned anop-edinNOTUShighlighting his plan to make the National Flood Insurance Program affordable again. That's why I introduced legislation that would automatically maintain NFIP coverage if Congress misses a reauthorization deadline or if a…