A new report from the Insurance Fairness Project finds that the home insurance crisis has moved from the margins to the core of the U.S. housing market, with unaffordable and unavailable coverage now disrupting home sales, slowing new construction, and pushing homeownership further out of reach for American families.
The latest news, regulation and trends in property & casualty insurance.
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A new AM Best report delves into the growing capacity materializing in the combined property and casualty sidecars segment within the insurance-linked securities market, placing a broad estimate for the niche segment at USD 17 billion to USD 19 billion. The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening…
In the case of Billy and Lacy Hursh versus State Farm Fire and Casualty Co., Oklahoma County District Judge Amy Palumbo denied a request made by State Farm to allow company CEO Jon Farney to skip appearing for a deposition. According to attorneys for the Hurshes and other plaintiffs, State Farm also was dealt a setback after at least 31 internal documents it…
Governor DeWine and I welcomed and addressed participants, highlighting the significance of bringing the NAIC meeting to Ohio, the state’ s leadership in insurance and focus on insurance workforce development, and the important role of the state based regulatory system. Ohio Department of Insurance staff played a significant role at the meeting…
Novato has updated its municipal code to meet a Federal Emergency Management Agency program standard that lowers the cost of flood insurance. Novato has a ranking of six. “By adding this 1- foot freeboard, we receive CRS credits, so by doing this we are going to stay in class six and people who live in a flood zone and have flood insurance, they’ re going to get 20% from…
The following information was released by the office of the Governor of Texas:. Governor Greg Abbott today announced that, in response to his directive last week to make property insurance more affordable, the Texas Department of Insurance reminded insurers that the practice of price optimization violates Texas law for all TDI-regulated insurance…
“The average annual homeowners’ insurance premium in Texas has risen 79% in six years. High insurance costs hit Texas families hard,” Abbott said. This is after he proposed a plan in July for the legislature to establish a Texas roof fortification program, The Center Square reported..
The Insurance Information Institute today announced the launch of its Insurance Affordability Index, a new interactive resource designed to help consumers, policymakers and the media better understand how homeowners and personal auto insurance costs vary nationwide and the economic, risk and market factors driving those differences.
The following information was released by Louisiana Senator John Kennedy:. John Kennedy, a member of the Senate Appropriations Committee, spoke with members of the Houma, Lafourche and Thibodaux Chambers of Commerce and the South Central Industrial Association about priorities for the Bayou Region, including coastal protection, flood insurance and…
Los Angeles County has sued State Farm, alleging the insurer engaged in unfair business practices while handling homeowners insurance claims from the January 2025 Eaton and Palisades fires. The lawsuit, filed by County Counsel on behalf of the People of the State of California, accuses State Farm of unreasonable delays, systematic underpayments, frequent…
First American Financial Corporation, a premier provider of title, settlement, and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that Sally French Tyler, president of First American Title Insurance Company, was named a winner of HousingWire’ s 2026 Vanguard Award.
The following information was released by the office of the Mayor of Philadelphia:. Flooding can happen to anyone, anywhere in Philadelphia. Starting April 2026, Philadelphia residents get a 15% discount on all eligible flood insurance policies issued through the National Flood Insurance Program.
AI isn’t replacing agents, but it’s changing their value
More insurance shoppers are turning to AI. The trend could reshape the role of agents, but not in the way many expect.
First Chicago Insurance— a car insurer that's drawn attention for its high number of consumer complaints— and a related company have agreed to pay Illinois $201,750 and improve their claims handling practices, after state insurance examiners uncovered numerous irregularities. First Chicago and United Security Insurance, both owned by Warrior Invictus…
The District of Columbia, leading a multistate enforcement team that included Arkansas, Iowa, Massachusetts, and Montana, and working alongside 48 state financial regulators, has reached a $15.5 million settlement with one of the nations largest mortgage servicers for improperly imposing force placed insurance costs on borrowers who already had active…
Flood insurance may not be top of mind for many this year because hurricane activity in the Atlantic has been unusually quiet. Parts of the Midwest, including Indiana and Ohio, suffered downpours in August that swamped neighborhoods and left seven people dead in Indiana. An analysis of federal data by Neptune Flood, a provider of private flood insurance, found…
The following information was released by the Montana Commissioner of Securities and Insurance:. State Auditor James Brown protected Montanans by permanently revoking the insurance producer license of Laine Kendall Callahan, a Kalispell bail bondsman accused of exploiting people under his supervision, including allegedly trading services for sexual…
CT business owner charged with failing to have workers’ compensation insurance when employee injured
Dave Benbow, 54, of Bridgeport faces one count of noncompliance with insurance requirements, according to the state Division of Criminal Justice. Benbow turned himself in on Aug. 21 at the Rocky Hill Police Department where he was charged by inspectors from the Workers’ Compensation Fraud Control Unit in the Office of the Chief State’ s Attorney.
Gold Certification— Cobb& Douglas Public Health, Cobb County-Marietta Water Authority, Focus People Inc. and UCB. Silver Certification— A 2nd Chance Bail Bonds and Monitoring, A.G. Rhodes, Chattahoochee Technical College, City of Mableton and Moore Ingram Johnson& Steele. Bronze Certification— 1885 Grill, Allison-Smith Company, Coolray Heating& Cooling LLC,…
Nearly one-third of auto and home insurance customers are using artificial intelligence tools to research products and coverage, service their accounts, understand coverage before submitting a claim or shop for a quote or new policy, according to a new JD Power study. The inaugural JD Power U.S. “Just as we’ ve seen with the internet and mobile apps, AI is rapidly…
