Property and Casualty News

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.

TORRANCE, Calif., Sept. 28, 2026/ PRNewswire-PRWeb/– MOTER Technologies, Inc., an AI-powered Insurtech company that delivers a connected vehicle data platform serving the insurance and automotive industries, today announced an additional strategic investment from ITOCHU Corporation, one of Japan's leading general trading companies. -Kenji Fujii, Founder and…

The U.S. homeowners insurance segment posted a sizable underwriting gain of $16.5 billion in 2025, as it reversed course and avoided an annual loss for the first time in six years, according to a new AM Best report. P/C industry’ s direct incurred loss ratio of 48.4 in the first half of 2026 marks its lowest point in five years. “Insurers have consistently pushed for…

Fire mitigation tops the list for Don Moore, a write-in candidate for Teller County commissioner. More than just one issue, Moore views the efforts as all-encompassing: forest health, which leads to reduced homeowners' insurance rates and home prices. Co-owner with his late wife, Toni Moore, of three homes on 100 acres in Teller County, Moore recently got a $17,000…

Insurance companies are starting to write new policies in California again after years of holding back as wildfire risk climbed higher. The state Insurance Department says that means outgoing Commissioner Ricardo Lara's new regulations, intended to boost insurance availability, are working. Ben Armstrong, Consumer Watchdog's actuary, is tracking…

There is no greater looming threat to affordability in California than its home insurance crisis. Meanwhile, homeowners throughout the region— from rural Sonoma County to suburban San Jose— have been pushed into the FAIR Plan, the state's high-risk pool offering expensive, limited coverage. With the Nov. 3 election approaching, California voters must…

Florida has the highest average home insurance premium in 2026, according to new Insurance.com data fielded by Quadrant Information Services; rates climbed to $8,471 per year for a policy with $300,000 in dwelling coverage, $300,000 in liability, a $1,000 deductible and a 2% hurricane deductible. *Florida has the most expensive home insurance in the country…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of the property/casualty and life/health members of Horace Mann Educators Corporation. The group entered into two separate agreements with Medical Mutual of Ohio to acquire Employee Services, LLC and Reserve National Insurance Company, and to reinsure…

Home insurance companies chose to not renew 2.02 million policies in 2024, a nearly 61% increase from the year before, when they non-renewed about 1.26 million policies, according to a new National Association of Insurance Commissioners report. "Non-renewals have gone from an occasional headache to a recurring part of the week," independent agent Tom…

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Tokio Marine& Nichido Fire Insurance Co., Ltd. and its subsidiaries. The group’ s economic solvency ratio was 268% as of 31 March 2026, well above its target range and the 100% regulatory requirement under Japan’ s new economic value-based solvency regime.

Insurance companies are starting to write new policies in California again after years of holding back as wildfire risks climbed higher. The state Insurance Department says that means departing Commissioner Ricardo Lara's new regulations, intended to boost insurance availability, are working. Ben Armstrong, Consumer Watchdog's actuary, is tracking…

Florida homeowners aren’ t buying it. Most homeowners– Democrats and Republicans alike– say the state’ s vaunted 2022-23 property insurance overhaul has primarily benefited the insurance industry, not the consumers who were promised relief. Those are the key findings of a landmark survey of 1,511 Florida property insurance policyholders by the South Florida…

Ten days ago, the Florida Senate demanded that the Orlando Sentinel and South Florida Sun Sentinel destroy a long-hidden state report detailing property insurers’ payments of millions to sibling companies whose profits remained secret. The existence of the 2022“ Affiliated Fee Analysis” of insurer profits and losses, performed for the state Office of…

AM Best- rated U.S. property/casualty mutual insurance organizations marked one of the more successful years in recent history for the segment, with net income doubling year over year to $42.6 billion, as efforts to combat post-pandemic inflation and a volatile operating market came to fruition. According to the new Best’ s Market Segment Report,“ Mutual…