These preliminary results are detailed in a new Best’ s Special Report, titled,“ First Look: 2025 US Property/Casualty Financial Results,” and the data is derived from companies’ annual statutory statements received as of March 9, representing an estimated 96% of the P/C industry’ s net premiums written. The P/C industry also saw a 9% increase in net investment…
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BOSTON& ZURICH—- Berkshire Hathaway Specialty Insurance today announced the introduction of two new Executive First D&O Liability Insurance policies in Switzerland: one tailored for commercial and industrial organizations and another for financial institutions and investment managers. In addition to Executive First D&O Liability Insurance, BHSI’ s…
OKLAHOMA CITY— The Oklahoma Insurance Department announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, following an investigation led by its Anti-Fraud Unit. This case began when Farmers Insurance Group filed a complaint on Dec. 5, 2024. Clark entered a check receipt for $6,885.00 into the insurer's…
Most people find it about as interesting as long division, or as Mike Fotis of Smart Money People put it: "The insurance industry is the boring uncle of the financial services family— a little drab and likely to be found in a basement…". This has been the case in Georgia over the past several years, thanks to insurance fraud, lawsuit abuse, natural disasters and…
Assemblymember Kate Sanchez has introduced AB 1620, legislation to provide relief for California homeowners by allowing a full state income tax deduction for homeowners' insurance premiums on a primary residence. California homeowners are facing rising insurance costs and fewer coverage options. "Homeowners across California are being pushed to the…
Recent wildfires in Nebraska have left many cattle operations facing urgent management decisions. Once humans are safe, producers should focus on three priorities: stabilizing livestock through health checks and access to clean water and feed, documenting losses and engaging with insurers and/or assistance programs and developing a grazing recovery…
2026 MAR 20– 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“ CHUBB” by Jenifer DeWolf Paine Fish& Richardson P.C., representing The Chubb Corporation. This application was made available to the public on March 07, 2026.
Recent wildfires in Nebraska have left many cattle operations facing urgent management decisions. Once humans are safe, producers should focus on three priorities: stabilizing livestock through health checks and access to clean water and feed, documenting losses and engaging with insurers and/or assistance programs and developing a grazing recovery…
The following information was released by the American Optometric Association:. Cyber attacks are an increasingly common threat for optometric practices that rely on digital systems to store patient data and manage daily operations. Cyber liability insurance helps practice owners respond quickly to breaches by providing access to expert support,…
The following information was released by the Ohio State Medical Association:. In addition to House Bill 220 and House Bill 579, OSMA is tracking numerous other issues that had committee hearings this week:. OSMA submitted written proponent testimony for the second hearing of HB 682 in the House Insurance Committee this week.
Iowa's Congressional Delegation is Voting to Make Energy More Expensive for Iowans. Ashley Hinson, Randy Feenstra, Mariannette Miller-Meeks, and Zach Nunn are continuing to take votes in DC that are making life more expensive for Iowans because they care more about putting politics ahead of Iowa. In November, voters tired of high costs should retire Ashley…
Insurers optimistic about their investments in 2026
Insurers remain optimistic about their investments going into 2026, despite heightened market uncertainty.
“We’ ve had a lot of good comments, I think some bear that we review them and maybe tweak what we currently have,” Town Supervisor Kevin Geraghty said during the board’ s March 11 meeting. The application fee for a permit is set at $300; applicants would need to show proof of a comprehensive liability insurance policy in an amount to be determined by the town board, as well…
If passed into law, the new rule would impact a significant number of boat owners in Illinois. Senate Bill 2972 mandates liability insurance for owners of certain watercraft in Illinois. Mike McElroy, president of the Chicago Harbor Safety Committee, spoke as a proponent of the bill to the committee, citing a number of boating accidents resulting in death in…
This year, most Americans plan to use their tax refund toward financial goals, including car insurance. Last year, the IRS issued 102,122,000 tax refunds to Americans, averaging $3,052 per refund.1 The national average annual cost of full-coverage car insurance was $2,144 in 2025, a slight drop from the significant rate increases recorded between 2022 and…
"In early 2025, the Palisades and Eaton fires upended the California home insurance market," said Matt Brannon, senior economic analyst at Insurify and author of the 2026 Insuring the American Homeowner Report. Insurify data scientists also note that California insurers will likely begin using more advanced risk modeling to set rates in the state.
MONROE COUNTY— Monroe County Mayor Michelle Lincoln, the Monroe County Commission and Growth Management Director Emily Schemper recently proclaimed March 9-15 as Monroe County Flood Awareness Week. The week is recognized statewide by the Florida Floodplain Managers Association to encourage residents to learn about flood risks, flood insurance and…
The following information was released by the National Association of Mutual Insurance Companies:. The National Association of Mutual Insurance Companies said today that a change in guidance from the government sponsored enterprises Fannie Mae and Freddie Mac long sought by mutual insurers will help ease the costs of homeownership.
U.S. Congressman Andy Barr applauded President Donald Trump and Federal Housing Finance Agency Director Bill Pulte for taking action to restore consumer choice in homeowners insurance policiesan important step that will provide better access and affordability for homeowners, particularly in rural communities. Kentucky Farm Bureau applauds the…
2026 MAR 18– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– NFP, an Aon company and leading property and casualty broker and benefits consultant, announced the launch of its P&C Group Captive practice through the acquisition of Trinity Risk Advisors, LLC, a Charlotte, N.C.- based captive brokerage firm. Alan Wise, president of Trinity Risk,…
