That principle is at the heart of the Driving Change legislation our office is championing in Spring-field, which would move Illinois toward a fairer, more affordable system that prioritizes what should matter most: a driver's record behind the wheel. This proposal is part of Senate Bill 1486, which also aims to rein in the surging cost of homeowners' insurance…
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Medical professionals, insurance companies and government representatives are calling for tort reform, and warning that without it, Alabama is going to struggle economically. According to the Alabama Department of Insurance, total payouts from insurers rose by 140 percent from $9.6 million in 2020 to $23.5 million in 2024.. The Medical Liability Act of 1987…
An Orange County bail bonds company is being sued after its employees helped its owner coerce jailed women into having sex with him in exchange for their freedom, according to the lawsuit. Three women, using their initials to remain anonymous, filed the suit Friday in federal court in Orlando against Moncrief Bail Bonds. All three women in the lawsuit against his…
The following information was released by Pennsylvania House of Representatives, Republican Caucus:. The event, hosted by the U.S. Administration for Children and Families in Washington, D.C., brought together experts from across the country to better shape the insurance landscape for an industry that serves one of the most vulnerable groups of children in…
The following information was released by the office of the Governor of New York:. "For most New Yorkers, having a car isn't a luxury it's a necessity to get to and from work, school and run daily errands," Governor Hochul said. "New York has some of the highest auto insurance rates in the country, and that is something I am not proud of.
2026 APR 17– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Enlyte, a leader in technology, networks and services for the property and casualty industry, announced it has completed its acquisition of PartsTrader, a leading parts procurement marketplace for auto insurers and collision repairers. “Today Enlyte takes a major step in our…
But the APCIA report notes how recent legal reforms in Florida have delivered“ real relief.”. Florida cracked down on legal system abuse in 2022 and 2023. Since those reforms took effect, Florida has seen homeowners insurance litigation decrease by nearly 50% in just 18 months.
For the average New Yorker an annual car insurance bill is around $4,000, which is a shocking 60% percent higher than the national average. Under New York's "comparative negligence" system, even drivers who are ruled to be mostly at fault in an accident can reap big payouts. The loopholes that invite this fraud make it more expensive for insurers to do business in…
El Potosí is a Mexico- based insurer underwriting property/casualty, life, and accident and sickness insurance. The company is majority-owned subsidiary of Seguros Atlas, S.A. and operates in a competitive market, with a market share of less than 1% based on gross written premiums in 2025.. In 2025, earnings declined by 9% year-over-year, primarily driven by…
Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is pleased to announce the acquisition of Benchmark Insurance Group LLC, doing business as Randall Realty& Insurance. “Partnering with Inszone put us about five years ahead of our personal and financial goals; they were exactly the right partner at…
Republican New Mexico senators are calling on the Democratic chairwoman of a legislative health committee to place some of Republicans' top issues on interim meeting agendas over the coming months. Liz Thomson asking her to allow the interim Health and Human Services Committee to hear legislative proposals regarding medical malpractice reform, "baby…
The Travelers Companies, Inc. today reported net income of $1.711 billion, or $7.78 per diluted share, for the quarter ended March 31, 2026, compared to $395 million, or $1.70 per diluted share, in the prior year quarter. Core income in the current quarter was $1.696 billion, or $7.71 per diluted share, compared to $443 million, or $1.91 per diluted share, in the prior…
Carina Tom was 18 years old, working at Glamour Shots in a Long Island mall, when someone walked in and mentioned an entry-level opening at a title insurance company nearby. Today, Tom is the president and owner of Nu World Connect Title, a full-service settlement and title insurance company with offices in New York, New Jersey, Connecticut, Pennsylvania, Florida,…
Brandon“ Bug” Hall— best known for playing Alfalfa in The Little Rascals— is back in the headlines following an arrest in Ohio. The missed court date stemmed from a December 31, 2024 hearing tied to an earlier traffic violation on October 29, 2024, for driving without liability insurance. Born Brandon Rowan, Hall rose to fame as Alfalfa in The Little Rascals, a role…
Kathy Hochul has centered her affordability agenda on proposals she says will lower auto insurance premiums. But her plan amounts to a giveaway to Big Insurance and ride-hailing giants like Uber, at the expense of taxpayers and crash victims who will find the courthouse doors slammed shut when they seek justice. That is why a growing number of legislators,…
JEFFERSON CITY— A bill restricting how automobile insurance companies could collect and use drivers' telematics data was heard in the House Insurance Committee on Monday. Bill Lucas, R-DeSoto, said the bill is intended to protect Missourians' personal freedoms and privacy as vehicle technology becomes more advanced. Lucas argued that if companies such as…
The following information was released by the Colorado Senate Democrats:. DENVER, CO The Senate Finance Committee today passed a bill to stabilize Colorado's homeowners insurance market and mitigate the impacts of natural disasters. SB26-155, sponsored by Senators Kyle Mullica, D- Thornton, and Janice Marchman, D- Loveland, would create a grant program to…
From freezes to hurricanes, Texas has no shortage of natural disasters. UAF’ s report prompted a response from the American Property Casualty Insurance Association, which was quick to point out that Texas has been“ impacted more than any other state in the country by what are known as Billion Dollar Storms.”. The onslaught of lawyer advertising and lawsuits that…
Purpose over speed: How carriers will win with AI
Before any AI tool is implemented, insurers must ask a fundamental question: What problem are we looking to overcome?
Monica De La Cruz has put the home insurance industry ahead of her constituents after taking nearly $50,000 in industry cash for her campaigns, according a new report that will be issued later today. The report, prepared by an opposition research group, points out that the McAllen metro area that De La Cruz represents has the highest percentage of uninsured…
