The latest news, regulation and trends in property & casualty insurance.
Social engineering is the top driver of commercial cyber claims.
Florida’s recent tort reforms were designed to reduce lawsuit incentives and the additional costs that arise when claim payouts increase because of societal and legal pressures.
The bill aims to expand what the FAIR Plan covers, strengthen how claims are handled and hold the system accountable when it fails policyholders.
If passed into law, the new rule would impact a significant number of boat owners in Illinois. Senate Bill 2972 mandates liability insurance for owners of certain watercraft in Illinois. Mike McElroy, president of the Chicago Harbor Safety Committee, spoke as a proponent of the bill to the committee, citing a number of boating accidents resulting in death in…
This year, most Americans plan to use their tax refund toward financial goals, including car insurance. Last year, the IRS issued 102,122,000 tax refunds to Americans, averaging $3,052 per refund.1 The national average annual cost of full-coverage car insurance was $2,144 in 2025, a slight drop from the significant rate increases recorded between 2022 and…
"In early 2025, the Palisades and Eaton fires upended the California home insurance market," said Matt Brannon, senior economic analyst at Insurify and author of the 2026 Insuring the American Homeowner Report. Insurify data scientists also note that California insurers will likely begin using more advanced risk modeling to set rates in the state.
MONROE COUNTY— Monroe County Mayor Michelle Lincoln, the Monroe County Commission and Growth Management Director Emily Schemper recently proclaimed March 9-15 as Monroe County Flood Awareness Week. The week is recognized statewide by the Florida Floodplain Managers Association to encourage residents to learn about flood risks, flood insurance and…
The following information was released by the National Association of Mutual Insurance Companies:. The National Association of Mutual Insurance Companies said today that a change in guidance from the government sponsored enterprises Fannie Mae and Freddie Mac long sought by mutual insurers will help ease the costs of homeownership.
U.S. Congressman Andy Barr applauded President Donald Trump and Federal Housing Finance Agency Director Bill Pulte for taking action to restore consumer choice in homeowners insurance policiesan important step that will provide better access and affordability for homeowners, particularly in rural communities. Kentucky Farm Bureau applauds the…
2026 MAR 18– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– NFP, an Aon company and leading property and casualty broker and benefits consultant, announced the launch of its P&C Group Captive practice through the acquisition of Trinity Risk Advisors, LLC, a Charlotte, N.C.- based captive brokerage firm. Alan Wise, president of Trinity Risk,…
The following information was released by Missouri Senator Eric Schmitt:. Senator Eric Schmitt's push, the Trump Administration today announced therepeal of Biden-Era mandate prohibiting actual cash value homeowners' insurance policies, making homeowners insurance more affordable for American families and rural communities.Schmitt calledon…
The following information was released by the office of the Governor of New York:. Governor Kathy Hochul today rallied with leaders and advocates to highlight her proposals to bring down auto insurance costs and tackle fraudulent claims across New York State as support continues to grow. "Hardworking New Yorkers should not have to face the skyrocketing costs…
The following information was released by the office of the Governor of New York:. I'm trying to get money back from the federal government, $13.5 billion that they sucked out of the New York State economy and families' pockets with an illegal scheme to impose tariffs on products that we use every single day. Earlier today, Governor Kathy Hochul rallied with…
Recent wildfires in Nebraska have left many cattle operations facing urgent management decisions. Once humans are safe, producers should focus on three priorities: stabilizing livestock through health checks and access to clean water and feed, documenting losses and engaging with insurers and/or assistance programs, and developing a grazing recovery…
Specialty insurer HSB today introduced a new artificial intelligence liability insurance coverage that protects businesses from lawsuits resulting from the use of AI technologies. Designed for small and medium-sized companies, HSB AI Liability Insurance can pay for AI-related losses that some General Liability policies exclude, including bodily…
OKLAHOMA CITY– The Senate on Tuesday passed a bill that would require those holding a special event license to carry liability insurance, despite concerns over fairness. Senate Bill 2178 would require the licensee to carry general liability insurance, including liquor liability coverage, of $1 million per occurrence and $2 million total.
The following information was released by the Ohio State Medical Association:. OSMA is excited to report that House Bill 220, one of a series of insurance reform proposals we have been spearheading support for in the Ohio Legislature, was voted unanimously out of the House Insurance Committee Tuesday morning. This is a huge step in the legislative process and…
OKLAHOMA CITY— The Senate on Tuesday, March 17, 2026, passed a bill that would require those holding a special event license to carry liability insurance, despite concerns over fairness. Senate Bill 2178 would require the licensee to carry general liability insurance, including liquor liability coverage, of $1 million per occurrence and $2 million total.
Odyssey Reinsurance Company today announced the appointment of Philip Klecan as its chief agent in Canada, effective March 27. Mr. Klecan succeeds Jean-Raymond Kingsley, who is retiring after 15 years with the Company. Odyssey Reinsurance Company is a globally diversified underwriter of property and casualty reinsurance products.
Against a backdrop of widespread premium increases, high deductibles and rising out-of-pocket expenses, property insurers in the United States have managed to improve customer satisfaction. According to the JD Power 2026 U.S. “There was no shortage of headwinds to customer satisfaction with the property claims experience this year, particularly when it…
Social engineering is the top driver of commercial cyber claims.
Florida’s recent tort reforms were designed to reduce lawsuit incentives and the additional costs that arise when claim payouts increase because of societal and legal pressures.
The following information was released by the American Tort Reform Association:. A new report from theAmerican Tort Reform Association exposes a staggering surge in lawsuit ads across New York, revealing how aggressive marketing campaigns fuel both fraud and skyrocketing auto insurance premiums amid Gov. New Yorkers are trapped in a rigged game where…
