Property and Casualty News

A new set of Louisiana laws took effect on Jan. 1, 2026, primarily to lower the state's leading auto insurance rates, while others address taxes, health care, and government transparency. Louisiana drivers paid the highest auto insurance rates in the country in 2025, according to several national reports. MarketWatch has ranked Louisiana as the most expensive…

Oklahoma's attorney general has received the green light for full intervention in a lawsuit alleging insurance giant State Farm has been engaged in a scheme to limit roof-related payouts for hail and wind damage. Over the objections of State Farm attorneys, Oklahoma County District Court Judge Amy Palumbo on Tuesday granted Drummond's motion to intervene…

Oklahoma's attorney general has received the green light for full intervention in a lawsuit alleging insurance giant State Farm has been engaged in a scheme to limit roof-related payouts for hail and wind damage. Over the objections of State Farm attorneys, Oklahoma County District Court Judge Amy Palumbo on Tuesday granted Drummond's motion to intervene…

Instead, the proposals announced Dec. 10 seek to expand Oklahoma's fortified roof program and require insurance companies to cover roofs that are not too old or worn out, presumably to address the types of wind and hail damage that have become a flashpoint in Oklahoma. Mark Tedford, R- Jenks, and Sen. Aaron Reinhardt, R- Jenks, in a press release, laid blame for rate hikes…

WARREN COUNTY– Representatives from the Federal Emergency Management Agency will host an in-person open house from 3 to 7 p.m. on Jan. 21 at Lake George Town Hall, located at 20 Old Post Road in Lake George, to answer questions about the new preliminary Flood Insurance Study and Flood Insurance Rate Maps. The Open House will not have a formal presentation.

Commercial auto insurance eligibility for nonbusiness owners: A 50- state overview. Commercial auto insurance protects vehicles used primarily for business activities by covering liability, vehicle damage, and related financial risks. In this review, Cheap Insurance provides insights about commercial auto coverage for non-business owners.

As International Paper's $250 million investment in the Riverdale Mill brings new jobs and economic momentum to Selma, many residents are taking a fresh look at their financial security. The past three years taught Alabama residents hard lessons about inflation and market volatility. While the Federal Reserve has brought inflation down from its 2022 peaks,…

W. R. Berkley Corporation today announced the appointment of Erin Rotz as president of Berkley Fire& Marine. Commenting on the appointment, W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, said: "We are pleased to welcome Erin to Berkley Fire& Marine. Berkley Fire& Marine offers best-in-class insurance products and services for…

Overall, median annual home insurance costs paid by property owners in the North Bay and the two counties to the north significantly exceeded the statewide rates and have grown at a quicker pace. The median cost in Marin County in 2024 was highest in the North Bay at $2,658 but the 10- year rise was significantly less- 27%. The median annual premium for California…

2025 DEC 25– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Enlyte, a leader in technology, networks and services for the property and casualty industry, announced it has entered into an agreement to acquire PartsTrader, the industry’ s leading parts procurement marketplace. “This acquisition reinforces Enlyte’ s commitment to the Auto…

The insurance rating company, frequently relied on by Fannie Mae and Freddie Mac in determining whether to accept mortgages, has a troubled history of misjudging insurer solvency in communities on the front lines of climate change. Washington, D.C. Today, Senator Sheldon Whitehouse, Ranking Member of the Environment and Public Works Committee; Senator Ron…

The following information was released by FEMA:. The Federal Emergency Management Agency is proposing updates to the Flood Insurance Rate Map along Gum Run and Middle Spring Creek in the Township of Southampton, Franklin County, Pennsylvania. The 90- day appeal period began on Oct. 24, 2025.

Redlands dog owners whose pets are deemed“ vicious” must now carry liability insurance under a tightened city ordinance aimed at holding owners accountable for animal attacks. The Redlands City Council approved the changes on Tuesday, Dec. 16— a move Mayor Mario Saucedo said is long overdue. Tabitha Crocker, the city’ s Facilities and Community Services…

Beyond the house: Insuring your deck, fence, and detached garage. When homeowners review their policy, their focus often remains on Coverage A: Dwelling, which is the physical structure of the main house. Cheap Insurance explains how these external structures are covered under a different section of the homeowners insurance policy, usually designated as…

Now that state-owned Citizens Property and Casualty Insurance Corp. is seeking to reduce premiums in South Florida and other parts of the state, customers of private market insurers are likely wondering if their policies will get cheaper as well next year. Others are likely to follow, driven by the same market factors behind the Citizens reductions: fewer…

Calling rising wildfire insurance rates an“ urgent challenge,” a Headwaters Economics and Columbia Climate School report released this month points to potential approaches to address the financial burden on Montana property owners. Montana policy holders paid a little more than $4 billion in premiums in 2013, that number in 2022 was almost $7.4 billion,…

The Northbrook- based company had also made a regulatory filing in January to increase homeowners insurance rates in Illinois by 14.3%. "State Farm and Allstate have close to half of the market share in Illinois so it's already impacting hundreds of thousands of consumers in Illinois," Scarr said.Most mortgage loans require homeowners insurance and an…