The latest news, regulation and trends in property & casualty insurance.
After several years of disruption, the insurance market shows signs of stabilization.
Skyrocketing premiums and shifting consumer behavior are reshaping the U.S. auto insurance landscape heading into 2026.
Insurance industry CEOs are positive, despite being challenged by implementing artificial intelligence and dealing with a shrinking workforce.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Virginia Surety Seguros de México, S.A. de C.V.. VSSM is a subsidiary of Virginia Surety Company, Inc., a general underwriting entity part of The Warranty Group Holding, Inc.. VSSM started operations in Mexico in January 2017, focused on the auto insurance line of…
Homeowners' insurance rates continue to rise, prompting a bipartisan group of lawmakers to introduce a bill Wednesday aimed at reducing damage from hail and wildfire. Marc Snyder, D- Colorado Springs and Senate Minority Leader Lisa Frizell, R- Castle Rock. It's been assigned to the Senate Finance Committee.
After several years of disruption, the insurance market shows signs of stabilization.
“The Hartford delivered an outstanding year, with core earnings of $3.8 billion and a core earnings ROE of 19.4 percent,” said The Hartford’ s Chairman and CEO Christopher Swift.“ Results were driven by excellent performance in Business Insurance, which once again generated robust top-line growth at highly profitable margins, a pivotal year in Personal…
When Kansas Senate Bill 244 came to the floor in February 2025, it was a noncontroversial bill about bail bonds. Kansas Republicans in the House and Senate passed the substitute bill on Wednesday through a series of maneuvers that cut their constituents out of the legislative process. In Topeka speak, the maneuver is known as a“ gut and go”— stripping a bill of its…
Home insurers in Nevada no longer have to include wildfire coverage in homeowners policies under a new state law that took effect Jan. 1. They also say it's a necessary change for areas like the Lake Tahoe region, where expensive homes face increasing wildfire risk and fewer insurers are willing to provide coverage. "If you're a homeowner who doesn't know much…
–Gun rights advocates in Illinois are raising alarms over House Bill 43, legislation that would create a state task force to study mandatory civil liability insurance for firearm owners. Aaron Dorr, executive director of the Illinois Firearms Association, described the measure as“ another major attack on our gun rights.”. HB0043 would create a Task Force on…
–California lawmakers called Wednesday for the state’ s“ insurer of last resort,” the California FAIR Plan, to evolve to insure more properties throughout the state. “I’ ve kind of reached a point where I prefer to call the FAIR Plan‘ the California safety net’ than the‘ insurer of last resort,’” said Assemblymember Lisa Calderon, D- City of Industry and the chair of the…
Skyrocketing premiums and shifting consumer behavior are reshaping the U.S. auto insurance landscape heading into 2026.
While as the third most intense Atlantic basin storm on record— a Melissa gust above the ocean was reported at just over 250 mph— the storm system's U.S. impact was limited mostly to localized flooding, including in Connecticut. Travelers had the biggest book of homeowners insurance in Connecticut in 2024, according to data published by the Massachusetts- based…
Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across the US and Canada, today announced the launch of Secure Harbor, a group captive insurance company designed specifically for skilled nursing, assisted living, and senior…
The following information was released by the Insurance Information Institute:. Winter storms swept through a large swath of the U.S. this weekend, bringing heavy snow, ice, and freezing temperatures, and leaving homeowners, drivers, and businesses to contend with property damage, financial losses, and other disruptions. In comparison, the 2021 Polar Vortex,…
The following information was released by the Montana Commissioner of Securities and Insurance:. Montana State Auditor and Commissioner of Securities and Insurance, James Brown, has been appointed to several influential National Association of Insurance Commissioners committees and task forces for 2026, keeping Montana at the forefront of national…
Alana Williams watched her medical malpractice insurance premiums nearly double between 2018 and 2023- from $44,908 to $77,394. When Williams stopped offering surgery in 2024, her premiums dropped to $16,463. But what was already expensive in New Mexico has become dramatically worse.
Do I need general liability insurance as a freelancer? General liability insurance is one of the first types of business insurance that self-employed people get. 62% of small businesses have this coverage— and for good reason. Whether you're a designer, writer, consultant, developer or any other type of freelance worker, general liability coverage could help…
Jan. 25— OLYMPIA— Washington state Insurance Commissioner Patty Kuderer heard similar stories from homeowners as she traveled the state. Marvin Lindberg, who attended a September town hall hosted by Kuderer in Spokane, was among those who were told their home was uninsurable. During the event, Lindberg said he and his neighbor had spent hundreds of thousands of…
New York households paid an estimated $1,935 on average for personal auto insurance in 2024, the highest level on record for the state and the fourth-highest expenditure nationwide, according to the Insurance Information Institute’ s latest Outlook, New York Personal Auto Insurance Premium and Cost Drivers.. Triple-I estimates New Yorkers allocated 2.23%…
According to Forbes’ ranking of Canada’s top employers, iA Financial Group ranks first among Canada’s largest publicly traded insurers. Forbes selected the 300 organizations with the highest scores. iA Financial Group ranks 1st among Canada’s largest publicly traded insurers. "We are extremely proud that iA Financial Group has been recognized by Forbes as…
Distinguished Programs, a national insurance program manager and MGA, has added a new Marine Cargo program led by industry veteran Ralph Salce. Ralph Salce will lead Distinguished’ s Marine Cargo program, offering comprehensive coverage for global transit and logistics exposures. “Expanding into Marine Cargo is a natural extension of our strategy to build…
Politicians all along the ideological spectrum are in agreement on the big issue now animating Americans: Stuff is too expensive. President Donald Trump, after mocking talk of "affordability" as a "hoax" last year, has pivoted to proff ering a slew of questionable, quick-fix policies to lower prices for Americans. In Illinois, Democratic House Speaker Emanuel "…
