Property and Casualty News

Louisiana may soon get a massive influx of money for a widely touted solution to ever-rising home insurance rates: Fortified roofs. State lawmakers appear poised to pass a bill that would add significantly more money to the grant program that gives Louisiana homeowners $10,000 each toward a new fortified roof. The cash would come from excess funds collected…

The following information was released by the office of the Governor of Colorado:. Today, Governor Polis announced the Roadmap to Reduce Homeowners Insurance, a comprehensive strategy in partnership with the Division of Insurance to help address high homeowner's insurance rates, and find statewide solutions to reducing the cost of homeowner's insurance.

The following information was released by the office of the Pennsylvania Attorney General:. The agreement stems from an investigation of a complaint from a new GEICO policyholder in West Philadelphia who lost her insurance as a result of the company's standard 60- day policy review for new customers. In the West Philadelphia case, GEICO required the…

New Mexico was only the second state to pass such a law, following Colorado in 2020. Designed to provide an avenue for New Mexicans to hold government entities accountable for civil rights violations, the law faced early concern that higher payout caps— now $2.4 million— would drive up liability insurance costs for local governments and state agencies.

Answer: Yes, and you are mistaken about Federal Emergency Management Agency disaster grants, which are only for uninsured losses; FEMA can’ t duplicate benefits. In fiscal year 2025, FEMA’ s maximum grant amounts were $43,600 for Housing Assistance and $43,600 for Other Needs Assistance, or a total of $87,200 for a claimant eligible for each maximum, according to…

A retainer agreement between the Lawton Economic Development Authority and the Center for Economic Development Law prompted a question of whether LEDA is adequately insured. In the agreement, which extends from July 1, 2026, through June 30, 2027, the Oklahoma City legal firm agrees "to maintain in force and effect a professional liability insurance policy"…

Louisiana may soon get a massive influx of money for a widely touted solution to ever-rising home insurance rates: Fortified roofs. State lawmakers appear poised to pass a bill that would add significantly more money to the grant program that gives Louisiana homeowners $10,000 each toward a new fortified roof. The cash would come from excess funds collected…

CEDAR RAPIDS— A Cedar Rapids man is accused of theft and insurance fraud after investigators said he submitted life insurance claims for three children whose deaths could not be substantiated. Thompson Nagbe Jr., 37, made two fraudulent life insurance claims on policies he enrolled in through his employer, according to a Linn County criminal complaint.

"The availability of insurance is based on the perception of the risk, and the cost of insurance is directly tied to the cost of claims, and those can be two totally separate things," said Senior Property and Casualty Policy Advisor David Forte from the Washington State Office of the Insurance Commissioner. According to Forte, costs have increased in tandem with…

JB Pritzker kicked off a campaign for tighter insurance regulation in Illinois. Now, the whirlwind of negotiations, proposals, and failed legislation that ensued could be nearing an end as two bills recently passed out of the Senate. Kevin Martin, executive director of the Illinois Insurance Association, warned that excessive regulation could drive insurers…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Ping An Property& Casualty Insurance Company of China, Ltd. The outlook of these Credit Ratings is stable. In 2025, the company’ s C&S increased by 7.0%, reaching RMB 146.2 billion by year-end.

OKLAHOMA CITY— Insurance Commissioner Glen Mulready made the following statements regarding legislation signed into law and the announcement of a public hearing regarding homeowners market status:. The department has already begun preparing for this new file and use process, which will become effective on July 1, 2027. For too long, trial lawyers have…

When do you need travel insurance? Plus how to get it. Ask Sofia Calvin, a travel advisor with Storied Travel, and she'll tell you that purchasing travel insurance coverage is a smart investment.

Neptune Insurance Holdings, Inc., the largest private flood insurance provider in the United States, today announced the nationwide launch of Atlas+, Neptune’ s new AI-powered platform experience for insurance agents. Atlas+ is designed to help agents become flood insurance sales experts by bringing generative AI directly into the Neptune Agent Portal.

Church Mutual Insurance Company, S.I. 1 today shared 2025 financial results for the Church Mutual family of companies at its annual policyholder meeting, reflecting continued financial strength and disciplined performance. Policyholder surplus of $805.5 million, an increase of $91.1 million from year-end 2024 Combined ratio of 99% Gross written premium…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Nacional de Seguros S.A. Compañía de Seguros Generales. Nacional de Seguros began operations in 2014 after acquiring Ecoseguros S.A., a company in voluntary liquidation, with fulfillment and liability insurance licenses granted by the…

Insurity, a leading provider of cloud-based software and analytics for property and casualty insurers, today released new findings from its 2026 AI in Insurance Report examining consumer attitudes toward artificial intelligence in severe weather monitoring and catastrophe response. The data suggests consumers are increasingly open to insurers using…

Severe weather and car insurance claims: What causes the most damage and what to do about it. When storms strike, car damage from hail, wind, flood or falling debris can be costly. *Since insurers place binding restrictions on policy changes once a storm is named, add comprehensive coverage to your policy before hurricane season begins on June 1.

The insurer— which is backed by six standard insurance companies for wildfire damage only— first sought a 35.8% hike to keep it from slipping into financial trouble, Michael Soller, spokesman for the state "s Department of Insurance, said Wednesday, May 20 via email. As of year-end 2025, about four in five of the plan’ s more than 668,600 homeowner policies in…