–A bill to regulate homeowners insurance rates will be up for consideration in the Illinois House after it cleared the state Senate on Wednesday. Chicago Mayor Brandon Johnson says he is going to meet Pope Leo XIV in Rome later this month. NBC 5 Chicago reported that the mayor’ s first visit with the Chicago- born pope is set for May 28.
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May 13– Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states, Democratic lawmakers introduced bills this session that would allow insurance companies or state attorneys…
The Illinois Secretary of State’ s office expressed support for the bill at a Senate Insurance Committee hearing on Tuesday. “Drivers in Illinois are facing hardships due to increasing automobile insurance rates, and they want oversight to ensure that their rates are not excessive or unfairly discriminatory,” Williams said. Jennifer Hammer spoke on behalf of…
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Arrow Mutual Liability Insurance Company. The outlook of these Credit Ratings has been revised to stable from negative. The ratings reflect Arrow’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating…
OneShield, a provider of modern core systems for commercial property& specialty insurers and MGAs, today announced that the Medical Assurance Company of Mississippi has selected OneShield Market Solutions as its full-suite core platform. Founded in 1976 in response to a medical malpractice crisis in Mississippi, MACM was created by physicians for…
Insurity, a leading provider of cloud-based software for property and casualty insurers, brokers, and MGAs, today announced new investments in Insurity Marine Suite across customer experience, ecosystem connectivity, vessel intelligence, and compliance support, reinforcing its continued leadership in the marine cargo insurance market and its…
The Bowdon City Council on Monday approved Munich Re's quote of $125,819 to provide liability insurance for all city equipment and buildings. The issue has significant statewide impact on all Georgia cities and how municipal liability is applied, and many cities across the state have formally lent their support to Milton, including cities in west Georgia.
Electric bicycle enthusiasts in Massachusetts may be hitting the brakes on a new summertime hobby as Beacon Hill is considering new regulations and costs for e-bike users. Maura Healey is proposing legislation that would require an annual registration, liability insurance, and an official Massachusetts license plate for all electric bicycles in…
“Interest in specialty and niche travel, from adventure and multigenerational trips to solo and accessibility-focused journeys, is creating new opportunities for the travel industry,” says Linda Fallon, Division President, Consumer Business at Arch Insurance.“ As travel becomes more personalized, advisors play an increasingly important role in delivering…
Electric bicycle enthusiasts in Massachusetts may be hitting the brakes on a new summertime hobby as Beacon Hill is considering new regulations and costs for e-bike users. Maura Healey is proposing legislation that would require an annual registration, liability insurance, and an official Massachusetts license plate for all electric bicycles in…
If your ring is worth over $1,000, it is a good idea to get it insured sooner rather than later. What Is Engagement Ring Insurance? Why Do You Need Engagement Ring Insurance?
In response to growing frustrations from Oklahoma homeowners over rising insurance costs, legislation authored by Senator Aaron Reinhardt, R- Jenks, to strengthen oversight and increase transparency in the property and casualty insurance market has advanced through the Oklahoma Legislature and to the governor's desk. House Bill 3781 modernizes…
The ongoing conflict in the Middle East shows how easily a regional economy dependent on seaborne shipping can be taken hostage— a lesson with worldwide applications but particularly sobering for China, the world’ s biggest exporter. The war between the U.S. and Iran underscores the massive economic risks for trade-dependent China of undertaking an invasion…
If your ring is worth over $1,000, it is a good idea to get it insured sooner rather than later. What Is Engagement Ring Insurance? Why Do You Need Engagement Ring Insurance?
The following information was released by the U.S. Postal Service:. PHOENIX Today USPS presented its 2026 Partnership for Excellence Awards to several recipients on the final day of the National Postal Forum, the mailing and shipping industry's largest annual conference. Selected by the Postmaster General and the USPS executive leadership team, the winners…
AM Best has commented that the Credit Ratings of Ohio Bar Liability Insurance Company remain unchanged following the announcement that The Ohio State Bar Association and ALPS Property& Casualty Insurance Company have entered into a definitive agreement under which ALPS will acquire OBLIC, a leading provider of professional liability insurance for…
Last year started with an early challenge for P/C insurers as the California wildfires caused extensive damage in January. The median return on capital employed for P/C insurers continued its upward three-year trend, reaching a new high of 12.41% in 2025.. “Significant rate increases, especially in the homeowners and personal auto lines, have boosted the…
With California "s home insurance market in turmoil, Republicans may have reason to believe they can compete in the race for state insurance commissioner, a position long held by Democrats. The candidate, Stacy Korsgaden, an insurance agent from San Luis Obispo County, confirmed her attendance but said she neither participated in nor condoned the violence that…
SPRINGFIELD— With less than three weeks before the Illinois General Assembly "s scheduled adjournment, lawmakers are in a race to finish a multibillion-dollar budget while navigating threats from Washington, a simmering fight over soaring insurance rates, a stadium deal that could decide whether the Bears stay in Illinois and a cascading set of debates over…
A growing and highly deceptive scam is impacting families across Minnesota, with criminals impersonating bail bond agents, law enforcement, and court officials in an effort to steal money from unsuspecting victims. AAA Bail Bonds, alongside industry advocate, licensed bail bond agent, and retired private detective Derek Nelson, is urging the public to be…
