Property and Casualty News

Judge Joseph M. Shortall's order, issued Wednesday, comes days after the lawyer for the winning bidder, Edward A. Marchion of Newington, asked the court to reopen the judgement after a title insurance company raised doubt on whether the foreclosure was legally defective. On June 14, three bodies were found inside the secluded home on Stanwich Lane by the new…

OKLAHOMA CITY— Allstate Insurance Co. was accused Tuesday of engaging in a scheme to pump up corporate profits by underpaying on claims filed by Oklahomans to cover storm damages on homes. Similar lawsuits, including one filed by a Broken Arrow couple, have been filed against State Farm Fire and Casualty. "This lawsuit is about protecting Oklahoma homeowners…

FEMA and Chippewa County officials invite residents to join the open house in Chippewa Falls or via Zoom on Wednesday, July 15, from 4 to 7 p.m. to learn about flood risk and flood insurance after the release of preliminary flood maps. Homeowners, renters and business owners in Chippewa County are encouraged to attend and meet with experts one-on-one to view their…

Carlos Gutama, 28, of Meriden was arrested Tuesday and charged with one count of noncompliance with insurance requirements, according to the state Division of Criminal Justice. DCJ officials identified Gutama as one of the owners of C&D Gutama Construction, LLC, in Meriden. According to the arrest warrant affidavit supporting the charges, authorities found…

MGT, the leading AI-native neo-insurer modernizing commercial P&C insurance, today announced the appointment of Jack Ramsey, CLU, LUTCF, as Vice President of Revenue to lead distribution, marketing and go-to-market strategy as the company continues expanding its platform for small businesses and the agents who serve them. His more than 35- year insurance…

Similar lawsuits, including one filed by a Broken Arrow couple, have been filed against State Farm Fire and Casualty. "This lawsuit is about protecting Oklahoma homeowners and holding insurance companies accountable when they fail to honor the promises they make to policyholders," Drummond said in a media statement. The AG filed a similar lawsuit against State…

Floods are the costliest and most common natural disaster in the U.S., causing more than $8 billion in damage in 2024, according to the Federal Emergency Management Agency. In Louisiana, where flood risk is rising the fastest, according to Fathom projections, fewer than 23% of homeowners carry flood insurance; in second-ranked Florida, it's fewer than 15%.

An Orange County real estate investor pleaded not guilty in a federal bank fraud case involving a nearly $100 million real estate lending relationship and title insurance policies prosecutors say were falsified. Mahender Makhijani, 44, of Corona del Mar, was arraigned Monday in federal court in Santa Ana on charges tied to a loan made by Phoenix- based Western…

Floods are the costliest and most common natural disaster in the U.S., causing more than $8 billion in damage in 2024, according to the Federal Emergency Management Agency. In Louisiana, where flood risk is rising the fastest, according to Fathom projections, fewer than 23% of homeowners carry flood insurance; in second-ranked Florida, it's fewer than 15%.

Senate candidate helped write flood insurance reform recommendations that could move flood policies into private markets ". New reporting from the Asheville Citizen-Times reveals DC insider and "recovery czar" Michael Whatley helped write recommendations for the FEMA Review Council's final report that would "push flood insurance business toward…

The statewide honors were secured by the county’ s Community Development and Infrastructure Department and the Office of Response, Recovery and Resilience, which helps coordinate countywide wildfire resilience work alongside Cal Fire, local fire districts, the Resource Conservation District of Santa Cruz County, numerous community fire safe councils…

Shares of Enact Holdings, Inc. (NASDAQ: ACT) traded at a new 52-week high today and are currently trading at $46.23. So far today, approximately 19,283 shares have been exchanged, as compared to an average 30-day volume of 330.23k shares. Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company […]

That fact was starkly illustrated by the war in Iran, which saw Tehran effectively close the Strait of Hormuz to commercial traffic and Washington respond with a blockade of Iranian ports. In response, the U.S. and its partners are increasingly returning to a more direct form of economic pressure: boarding ships at sea. Since the U.S. blockade of Venezuelan oil…

US property/casualty writers US life/health insurers US and Canada public insurers US holding companies. “New York Life Moves Ahead With Artificial Intelligence Integration” examines the company’ s AI goals, which aim to reimagine entire processes rather than focus on individual productivity.“ AM Best: P/C, Health Insurers Exceed Cost of Capital; Life…

Judge Manoukian spent 33 years on the Santa Clara County Superior Court bench, presiding over nearly every category of civil dispute the court hears, after building an early career litigating insurance defense and medical malpractice matters. In session, Judge Manoukian opens by giving parties genuine, unstructured time to speak, often surfacing what is…

Voters in Florida House District 23 will decide whether to return Republican incumbent JJ Grow to Tallahassee or send Republican challenger Tod Cloud, a retired Florida Highway Patrol trooper, to represent Citrus County and part of Marion County. While both candidates identified affordability, protecting Florida's springs, homeowners insurance and…

The study found that Solano County homeowners have the Bay Area' s lowest average annual home insurance premiums, at $1,824. Next lowest is Napa County, at $1,936, while Sonoma is at $1,960. Contra Costa is at $2,141, Santa Clara $2,915, San Mateo $2,966 and Alameda $2,978, Marin $3,090.

According to the news editors, the research concluded:“ Major results are robust to both comparing bituminous and anthracite mines within Pennsylvania as well as bituminous mines between Pennsylvania and Virginia.”. For more information on this research see: Environmental Liability, Insurance, and Market Structure In Coal Mining. Journal of the Association…

In many U.S. metros, property taxes and homeowners insurance can consume more than one-third of the average monthly mortgage payment— and in some cases, nearly half. Using the most recent data whenever possible, Neighbors Bank examined housing affordability by measuring how much property taxes and homeowners' insurance contribute to the average monthly…