The latest news, regulation and trends in property & casualty insurance.
2025 OCT 20– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ TWIG” by Randel S. Springer Womble Bond Dickinson LLP, representing AssuranceAmerica Corporation. This application was made available to the public on October…
As catastrophic wildfires spur insurance companies to raise homeowner premiums and drop thousands of policyholders across California, the industry has blamed climate change for fueling the blazes. The California Department of Insurance, led by Commissioner Ricardo Lara, said it has no plans to pursue regulation to force insurers to divest.
County commissioners voted unanimously on Wednesday, Oct. 15, to eliminate floodplain construction requirements adopted two decades ago after FEMA threatened to withhold federally subsidized flood insurance due to the county's failure to prevent illegal living space in unincorporated Monroe. Monroe County Administrator Christine Hurley and staff…
California has approved a package of new laws meant to stabilize the state "s faltering home insurance market and help property owners protect their homes from wildfires and recover when they lose everything in a blaze. The legislation, signed by Gov. Gavin Newsom this month, is the state "s latest effort to tackle an insurance crisis that" s left thousands of…
Environmental insurance is a fundamental part of risk management.
A smarter way to think about insurance is to treat it like a midyear tax checkup or equipment inspection.
Is public credit now the “alternative” asset class that warrants more focus?
When it comes to commercial real estate, nothing has been constant or predictable since the pandemic.
Artificial intelligence is finding a home in the insurance industry. Insurers are all-in on AI, but there are risks and regulation to be aware of.
New York drivers, already grappling with a high cost of living, are now facing a new financial pressure point: rapidly escalating auto insurance premiums. According to expert analysts at Bankrate, New Yorkers pay an average of $4,031 annually for full-coverage auto insurance– nearly $1,500 above the national average of $2,679. For drivers from Buffalo to…
CONNEAUT— City council voted to amend demolition fees at a Tuesday meeting after a request from General Electric. Conneaut City Manager Nick Sanford said the ordinance caps the fee at $20,000 and requires bonds and general liability insurance to the benefit of the city in relation to environmental concerns after demolition at post-industrial sites.
With the threat of mudslides and debris flow following today's atmospheric river, Insurance Commissioner Ricardo Lara today reminded consumers to check their home or rental insurance policies. Insurance companies have a legal duty to cover damage from any mudslide, debris flow, or similar disaster that is caused by the recent statewide wildfires that may…
BLOOMINGTON— The Illinois Attorney General's Office has filed suit against State Farm alleging the insurance giant has refused to comply with regulatory examination into its homeowners insurance policy. As part of its examination, IDOI seeks nationwide data about State Farm's homeowner policies, including the total premiums collected by State Farm, the…
The following information was released by the National Association of Mutual Insurance Companies:. After more than two weeks of a government shutdown, the National Association of Mutual Insurance Companies again urged Congress today to keep its promise to Americans and reauthorize the National Flood Insurance Program. As were seeing from Alaska and…
Everest Group, Ltd., a global underwriting leader providing world-class property, casualty, and specialty reinsurance and insurance solutions, today announced the appointment of Anthony Vidovich as Executive Vice President and General Counsel, effective on or before January 5, 2026. Mr. Vidovich will report to Jim Williamson, Everest’ s President and Chief…
The round was led by new investors Mubadala Capital with participation from Clocktower Ventures, Tacora Capital and existing investors. This new funding will fuel MGT’ s mission to deliver smarter, faster, and more accessible insurance coverage for small businesses across the U.S. Proceeds will support research and development, deepen vertical AI…
Louis Belletieri, 44, of Allentown, was sentenced Wednesday to 4½ years in prison for defrauding a title insurance underwriter and clients, and submitting a fraudulent application to the Small Business Administration, according to federal court records. The U.S. Attorney "s Office said he used money that was placed in escrow as part of real estate…
MagMutual Insurance Company, one of the nation’ s leading providers of medical professional liability insurance, has launched MyAdvice, a new risk consultancy and advice delivery platform designed to help healthcare providers reduce malpractice exposure and improve patient outcomes. “MyAdvice is a new model for risk management,” said Mark Poling, CEO of…
Guidewire Software, Inc. (NYSE: GWRE) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 4.34% on the day to $249.77. Guidewire Software, Inc. provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It […]
BLOOMINGTON— The Illinois Attorney General's Office has filed suit against State Farm alleging the insurance giant has refused to comply with regulatory examination into its homeowners insurance policy. As part of its examination, IDOI seeks nationwide data about State Farm's homeowner policies, including the total premiums collected by State Farm, the…
