As Washington state reels from a devastating wildfire that destroyed hundreds of homes in Spokane last weekend, experts say the disaster has cast newfound uncertainty over a property insurance market that had just begun to stabilize. In some places, such as California, those trends have triggered a full-blown crisis, with private companies abandoning…
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South Carolina bar owners won't get a reprieve from needing to carry at least $1 million in liability insurance. The final version of the state budget is expected to be voted on by both chambers when lawmakers are scheduled to return to Columbia on Aug. 11. South Carolina state government has been operating under a continuing resolution since July 1 because a new…
Prior to the bill signings, Illinois was one of only two states, with Wyoming, that did not exercise regulatory control over insurance rates. The new laws come a little more than a year after Illinois- based State Farm announced it was raising homeowners insurance rates an average 27.2% statewide. In addition, State Farm recently noted that auto insurance rates…
Prior to the bill signings, Illinois was one of only two states, with Wyoming, that did not exercise regulatory control over insurance rates. The new laws come a little more than a year after Illinois- based State Farm announced it was raising homeowners insurance rates by an average of 27.2% statewide. In addition, State Farm recently noted that auto insurance…
Olivebridge, N.Y.: I "m a retired corporate professional from Ulster County and a small business owner who recently experienced what I believe is an overlooked regulatory issue affecting entrepreneurs in New York City" s watershed. The application ultimately came down to one requirement: obtaining $5 million in liability insurance or providing a $5 million…
2026 AUG 06– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators discuss new findings in Politics and Government. Financial supporters for this research include Chinese University of Hong Kong, City University of Hong Kong. For more information on this research see: The Home State As the True Complainant: Political Risk Insurance…
American International Group, Inc. today reported financial results for the second quarter ended June 30, 2026. “Adjusted after-tax income per diluted share was $2.00, increasing 10% year-over-year, and Core Operating ROE was 11.1%. We produced another solid quarter of underwriting profitability, with General Insurance underwriting income of $686…
AM Best has commented that the Credit Ratings of American Family Insurance Group’ s affiliates and its subsidiaries remain unchanged following its announcement that it will acquire the remaining outstanding shares of Bowhead Specialty Holdings Inc., a specialty property/casualty insurer operating in both admitted and non-admitted markets.
FSLSO CEO Mark Shealy, center, stands with, from left, Conor O'Leary, chair of the FSLSO Board of Governors; Michael Hartline, dean of the Herbert Wertheim College of Business; Brad Karl, Dr. FSLSO, a Tallahassee- based not-for-profit organization that monitors, educates and supports Florida's surplus lines insurance market, recently gave $1 million to establish…
PINELLAS COUNTY, Fla.— The Pinellas County Sheriff's Office is warning of a rise in a type of a phone scam aimed at targeting the loved ones of those in custody. Families urge Florida gubernatorial candidates to repeal' Free Kill' law. The man pretending to be a deputy asked them to bring the bail money, approximately $2,000, to a Bitcoin ATM nearby.
Louisiana military members eligible for a 25% discount on the liability portion of their auto insurance premiums will no longer have to reapply every year under a regulatory change announced this week by the Louisiana Department of Insurance. The change applies to active-duty military personnel stationed in Louisiana, military reservists based in the…
The following information was released by the office of Arizona Senator Ruben Gallego:. WASHINGTON Today, Senator and Member of the Senate Committee on Banking, Housing, and Urban Affairs Ruben Gallego, and 19 other members of Congress sent letters to USAA, State Farm, Progressive, Liberty Mutual, Farmers, and Allstate requesting information on the usage of…
The following information was released by the National Association of Insurance Commissioners:. The National Association of Insurance Commissioners has released a first-of-its-kind analysis of homeowners insurance market trends based on seven years of Market Conduct Annual Statement data collected by state insurance departments.
AM Best expects insured losses from the ongoing wildfires in and around Spokane, WA, to be considerable, with more-concentrated individual insurers likely to be more negatively impacted. “In the longer term, depending on the magnitude of the insured losses, primary insurers with a concentration of their homeowners’ or commercial property portfolio in areas…
Prior to the bill signings, Illinois was one of only two states, with Wyoming, that did not exercise regulatory control over insurance rates. The new laws come a little more than a year after Illinois- based State Farm announced it was raising homeowners insurance rates an average 27.2% statewide. In addition, State Farm recently noted that auto insurance rates…
Pritzker signs bills allowing state to review insurance rate hikes
Prior to the bill signings, Illinois was one of only two states, with Wyoming, that did not exercise regulatory control over insurance rates. The new laws come a little more than a year after Illinois- based State Farm announced it was raising homeowners insurance rates an average 27.2% statewide. In addition, State Farm recently noted that auto insurance rates…
NASHVILLE— Going back to school is an exciting time for students, educators, and parents. As the school year gets underway across the state, the Tennessee Department of Commerce and Insurance remindsconsumers that education doesn't stop in the classroom. TDCI's Insurance Division offers insurance tips and reminders to help make your back-to-school season…
Home insurance is in crisis: Could a federal solution be the answer?
A progressive group says a federal single-payer model is the best way to deal with future property insurance costs. Critics disagree.
Greg Abbott this week is laying out plans to lower health insurance costs and drug prices as the Republican governor continues to focus his reelection campaign on affordability ahead of a midterm likely to be dominated by cost-of-living concerns. The focus on health care could work to blunt a longstanding attack line for Democrats in the state: Texas'…
South Carolina bar owners won’ t get a reprieve from needing to carry at least $1 million in liability insurance. The final version of the state budget is expected to be voted on by both chambers when lawmakers are scheduled to return to Columbia on Aug. 11. South Carolina state government has been operating under a continuing resolution since July 1 because a new…
