The latest news, regulation and trends in property & casualty insurance.
The recent Taylor Farms/Taco Bell lettuce recall is a case study about the tremendous risk for insurers when supply chains aren’t recall-ready.
The Consumer Federation of America is pushing for legislation that would penalize insurers for delayed payments of insurance claims, including requiring insurers to pay interest to customers for late payouts.
Wisconsin regulators will hold a Sept. 21 hearing on a proposal to transfer control of SU Insurance Co. to the Polaski Family Trust.
HoneyQuote, an AI-enabled insurance brokerage building the infrastructure for coastal insurance distribution, has partnered with private equity firm, Growth Catalyst Partners, to accelerate its expansion across Florida and other vulnerable coastal markets. The transaction includes a significant equity commitment from GCP to support acquisitions…
Origami Risk, the industry-leading risk, safety and insurance Software as a Service technology firm, today announced it has been recognized by Gartner in the 2026 Magic Quadrant for SaaS P&C Core Platforms, North America. This marks the third consecutive year Origami Risk has been mentioned in the report. In addition, Origami Risk was named in the Gartner ® Hype…
Los Angeles County is investigating Farmers Insurance over its handling of claims from the 2025 Eaton and Palisades fires, focusing on potential violations of California's Unfair Competition Law. Los Angeles County Supervisors Kathryn Barger and Lindsey P. Horvath have claimed that after faithfully paying their premiums, wildfire survivors are being…
Home insurance affordability and cost transparency have become top issues in many states, especially as the U.S. approaches the midterm elections. The national average cost of home insurance is $3,012 per year, according to Insurify data, but localized risk has made averages less helpful for understanding the true cost of protection for many homeowners.
The following information was released by Public Citizen:. WASHINGTON Most state insurance commissioners refuse to take a stand on disclosing data on homeowners insurance as the crisis in that market worsens and disasters triggered by El Nio and climate change loom larger, according to a new report released today by Public Citizen. "Whether you can see what's…
The recent Taylor Farms/Taco Bell lettuce recall is a case study about the tremendous risk for insurers when supply chains aren’t recall-ready.
Rising home ownership costs and insurance rate pressure are adding affordability strain for homeowners, according to the JD Power 2026 U.S. Home Insurance Study, SM released today. As customers more closely analyze household and insurance expenses, the study finds that trust, seamless service and channel effectiveness are critical to homeowners insurance…
–Los Angeles County is investigating Farmers Insurance over its handling of claims from the Eaton and Palisades fires, focusing on potential violations of California’ s Unfair Competition Law. Los Angeles County Supervisors Kathryn Barger and Lindsey P. Horvath have claimed that after faithfully paying their premiums, wildfire survivors are being…
The Consumer Federation of America is pushing for legislation that would penalize insurers for delayed payments of insurance claims, including requiring insurers to pay interest to customers for late payouts.
AM Best will participate at the IASA Metro NY/NJ& Mid Atlantic 2026 Combined Fall Meeting, which will take place on Sept. 28-29, 2026, at the Hard Rock Hotel and Casino in Atlantic City, NJ. Connor Brach, associate director, AM Best, will lead a session, titled,“ US Property/Casualty Benchmarking: A Detailed Look at How Different Building Block Assessments Interact For…
BOSTON& ATLANTA—- Berkshire Hathaway Specialty Insurance today announced that Jennifer Smith has joined the company as Customer and Broker Engagement leader for the Southeast Region of the U.S. “Jennifer brings excellent customer engagement experience and a strong relationship-focused approach to this important role,” said Travis Bethune, Head of…
First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today announced that its policy-issuing title agents can now offer their eligible clients a property title monitoring and fraud alert service at no additional cost when their…
SACRAMENTO, CA., 9/ 12/ 2026– In November, California voters will choose who oversees one of the biggest insurance markets in the world. Those responsibilities have a direct effect on California residents' pocketbooks as risks for wildfires and other climate-related disasters grow. California residents also face higher costs for just about everything,…
Polls consistently show that affordability is Florida voters’ biggest concern leading into the November election, and the candidates for governor are pitching plans they say will bring down property insurance costs. Ron DeSantis’ leadership, Florida lawmakers have made it harder to sue insurance companies in an effort to attract more providers back into…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation, collectively referred to as Kemper Property& Casualty Group. AM Best also has revised the outlooks to negative…
AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of“ aaa” to USAA Falcon Property& Casualty Insurance Company. The outlook assigned to these Credit Ratings is stable. Within the broader USAA group, USAA Falcon provides enhanced flexibility in pricing, discounts and product differentiation to better serve members and…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the property/casualty members of Erie Insurance Group. Erie Insurance Exchange is the lead company of Erie; the remainder of the P/C group is composed of inter-company pooling members, Erie Insurance Company and Erie Insurance Company of New York, and…
Volunteers of America Texas will host informational sessions about the Home Improvement& Preservation Program from 10 a.m. to noon at the Glendale Shopping Center on Saturday, Sept. 12. To qualify, residents must own and live in a home located in the City of Dallas, have homeowners insurance and be current on their mortgage and property taxes.
Anderson has spent decades diligently working on behalf of victims of clergy abuse in the Catholic Church. He recently announced that U.S. Fire Insurance Company, after years of delay and denial, agreed to pay $30 million to some 145 survivors of abuse in the Diocese of Winona-Rochester. The coach’ s game-day routine has him coming off like the high school drama…
Home insurance companies are handling fewer claims, but the ones they do pay are far more expensive than a few years ago, a new industry report indicates. The average cost per home insurance claim— which insurers refer to as "claim severity"— hit a record high in 2025, rising almost 26% from 2024, according to the July 2026 LexisNexis U.S. The average U.S. homeowner…
