Property and Casualty News

AM Best is revising its market segment outlook for the U.S. directors and officers liability insurance segment to stable from negative, citing rate stabilization and improving loss ratios, among other factors. The Best’ s Market Segment Report,“ US Directors and Officers Liability Insurance,” states that after years of premium decreases, declining security…

–Insurance companies could be compelled to pay homeowners in Southern California who lost their homes in the January 2025 wildfires, if elected leaders have their way. During a news conference Monday evening at the Capitol, local leaders and homeowners from the Los Angeles area joined Assemblymember Tina McKinnor, D- Inglewood, to announce legislation is…

After a three-day partial federal government shutdown, Congress has reauthorized the National Flood Insurance Program until Sept. 30. Periodically, Congress must renew NFIP's statutory authority to operate. Groups like NAR are now pushing Congress to work on a long-term reauthorization.

2026 FEB 10– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ BCBS GLOBAL” by Stacey J. Watson, Esq. Markery Law LLC, representing Blue Cross and Blue Shield Association. The registrar information for this application is:…

Insurance companies could be compelled to pay homeowners in Southern California who lost their homes in the January 2025 wildfires, if elected leaders have their way. During a news conference Monday evening at the Capitol, local leaders and homeowners from the Los Angeles area joined Assemblymember Tina McKinnor, D- Inglewood, to announce legislation is…

Arch RoamRight, a leading provider of travel insurance solutions, is proud to announce a collaboration with Tern, the all-in-one operating platform for travel businesses. "We’ re thrilled to partner with Tern and become the first travel insurance provider available on their platform," said Cory Sobczyk, Regional Vice President, Arch RoamRight.

2026 FEB 09– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ ASSURANCEAMERICA” by Randel S. Springer Womble Bond Dickinson LLP, representing AssuranceAmerica Corporation. This application was made available to the…

Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $112.36. So far today, approximately 229.07k shares have been exchanged, as compared to an average 30-day volume of 713.99k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]

WASHINGTON– Federal disaster relief, on which hurricane and flood-prone Louisiana relies, is caught in the congressional fight to put guard rails on increasingly controversial immigration enforcement efforts. While waiting for its $32 billion in funding, Federal Emergency Management Agency is still operating. "If Democrats don't agree to an extended…

WASHINGTON– Federal disaster relief, on which hurricane and flood-prone Louisiana relies, is caught in the congressional fight to put guard rails on increasingly controversial immigration enforcement efforts. While waiting for its $32 billion in funding, Federal Emergency Management Agency is still operating. "If Democrats don't agree to an extended…

However, some worry that middle- and lower-class homeowners in California would assist in offsetting the cost for high-income homeowners with properties in high-risk locations, one insurance industry professional told The Center Square. “A lot of this is centered around high-end, high-net worth homes,” Seren Taylor, vice president of the Personal Insurance…

U.S. Senators Roger Wicker and Cindy Hyde-Smith this week reiterated the need for the Federal Emergency Management Agency to end Biden-era changes to the National Flood Insurance Program that are driving families and businesses away from vital disaster insurance coverage. Wicker and Hyde-Smith signed a letter led by U.S. Senator Bill Cassidy, M.D. that asks…

The following information was released by Mississippi Senator Cindy Hyde-Smith:. WASHINGTON, D.C. U.S. Senators Roger Wicker and Cindy Hyde-Smith this week reiterated the need for the Federal Emergency Management Agency to end Biden-era changes to the National Flood Insurance Program that are driving families and businesses away from vital disaster…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of RF&G Insurance Company Limited. The ratings of RF&G were placed under review with negative implications on September 22, 2023, following the company’ s 100% acquisition of M&C General Insurance Company Limited from Minvielle& Chastanet Limited, a wholly…

AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Southbridge Compañía de Seguros Generales S.A.. Southbridge is a property/casualty insurer, incorporated on May 6, 1980, in Santiago, Chile. Southbridge ranks sixth within the P/C segment in Chile, holding 5.9% of the market, based on gross written premiums.

Auto insurance fraud— whether vehicle theft or staged accidents— already costs U.S. consumers billions of dollars annually, experts say. Officials in New Jersey and Michigan have also reported an increase in staged accidents and organized insurance fraud. This trend isn't limited to the U.S. In Canada, property and casualty insurer Aviva reported a 14%…

The Affordable Insurance and Recovery Act will place the costs of extreme weather on the fossil fuel companies responsible to protect California homeowners from rising costs. Survivors of the Los Angeles Fires and consumer advocates joined Senator Scott Wiener outside the Capitol to announce SB 982, the Affordable Insurance and Recovery Act,…

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 it was named by HousingWire as a 2026 Tech100 Real Estate winner. First American Title was also named a HousingWire Tech100 winner in 2025.. First American Title was…