Property and Casualty News

FARMINGTON HILLS, Mich.& SAN MATEO, Calif.—- Amerisure Insurance, a leading provider of commercial property and casualty insurance solutions for U.S.- based construction, manufacturing and healthcare businesses, and Guidewire announced that Amerisure successfully deployed Guidewire PolicyCenter and Guidewire BillingCenter as its new systems for policy…

The iconic stag— proud and resolute— traces its roots back 150 years, almost as long as Hartford has been known as a center for insurance. But the Hartford insurance company "s long-lived logo is now getting a new look tailored for the future and the dramatic shift to digital communication, including the smartphone and watch. The company, commonly known as simply The…

The Kenai Peninsula Borough Assembly this week unanimously approved an ordinance to adopt updated flood insurance rate maps from the Federal Emergency Management Agency. Frank Turpin, president of the association, told the assembly during their Jan. 21 meeting that he and other Kenai Keys residents think that FEMA's maps reflect a temporary change in the…

Wildfires are an unfortunate reality in many parts of California, especially our beautiful Santa Barbara community. With increasing risks, it's essential to ensure your home is properly protected through insurance. Here's what you need to know about fire insurance, based on insights from the National Association of Realtors.

Feb. 4— The cost of car insurance premiums has increased nearly 30% in the past two years in the U.S., but Ohio drivers are somewhat shielded from these skyrocketing prices, industry analysts say. "The last two and a half to three years have been challenging," said Dan Scroggins, vice president of personal lines insurance for AAA Club Alliance Inc..

The recent wildfires in Southern California and natural disasters elsewhere in the country have left thousands of people grappling with enormous loss— and the complex insurance claims process that follows. Insurance companies owe a duty of good faith and fair dealing with policyholders. I spoke with Los Angeles attorney Shant Karnikian, managing partner…

Specializing in small businesses, auto, and home insurance quotes, Eisenbach Insurance Agency in Lakewood, CO, is leading the way! Over the last three decades, Colorado families and businesses alike have come to trust the Eisenbach Insurance Agency for comprehensive insurance. What makes Eisenbach Insurance Agency unique is the way it ensures customized…

We have come to an agreement with North Carolina homeowners' insurance companies regarding a rate case that's been going on for more than a year. I recently signed a settlement with the North Carolina Rate Bureau, which is not a part of the Department of Insurance and represents homeowners' insurance companies conducting business in North Carolina.

The city is building the levee both to accommodate FEMA and to relieve downtown property owners of the burden of flood insurance coverage. Joliet officials have contended that FEMA has imposed a floodplain in the downtown area to offset the costs of hurricanes in coastal regions of the country. The National Flood Insurance Program is managed by FEMA.

California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month. State Farm insures 250,000 homes and 880,000 automobiles in Los Angeles County, according to its website.

Dozens of consumer protection, community development, environmental, climate, and racial justice advocates have joined together to form the Equitable & Just Insurance Initiative.

A Florida version of Bonnie and Clyde emerged in January when a brother and sister began robbing businesses together, but the results were more embarrassing than profitable, investigators say. “This brother and sister duo joined forces like Bonnie and Clyde and tried to rob Moncrief Bail Bonds, along with a juvenile! ”Sheriff Wayne Ivey said in a news release.

Feb. 4— The cost of car insurance premiums have increased nearly 30% in the past two years in the U.S., but Ohio drivers are being shielded somewhat from these skyrocketing prices, industry analysts say. "The last two and a half to three years have been challenging," said Dan Scroggins, vice president of personal lines insurance for AAA Club Alliance Inc..

First, some good news for insurance consumers in South Florida: The average annual cost to insure a single-family home increased at a lower percentage rate in Broward and Miami-Dade counties than in Florida "s other 65 counties, according to data released by the state. Now the bad news: Average premiums in Broward, Palm Beach, Miami-Dade and Monroe counties are…

Meanwhile, Allstate, the second largest insurer of homes in Illinois, next month is hiking its rates to insure homes in Chicagoland by an average of 14.3 percent for the majority of its policyholders. State Farm, by far the largest insurer of Illinois homes, with about a third of the market, last year boosted its rates by double digits. What do the increasing…

–State Farm, California's largest property insurer, is demanding a 22% emergency rate hike after the Southern California fires, saying that over the last years it has paid out $1.26 in claims for every dollar in premiums it has collected. State Farm says that as a result, it has lost $5 billion over the last nine years in California, and that it had no option but to stop…

New York pet owners who buy their pet insurance through AXIS Insurance will face steep increases when their policies come up for renewal. The state's Department of Financial Services, which oversees insurance companies in the Empire State, recently approved AXIS' request for a 33% rate increase. The company's base rate to insure cats will rise from $241 per…

That was the message from insurance as well as state and federal emergency officials Thursday as they briefed state lawmakers five months after the fatal flooding in the Naugatuck Valley and southwestern Connecticut that caused about $300 million in damage, much of which was not covered by flood insurance. During a two-hour forum on the issue with members of…

One80 Intermediaries, a specialty insurance broker headquartered in Boston, announced today that it has partnered with the AVMA Trust Professional Liability program. Headquartered in Boston, Massachusetts, Accession Risk Management Group is the parent brand to a family of specialty insurance and risk management companies, including core operating…