Brazos County commissioners took more steps Tuesday toward the county's takeover of the Roy Kelly Parking Garage off Texas Avenue between 26th and 27th streets in Bryan. The garage was built by the Brazos Transit District in 2011 on property donated by the county. Liability insurance will be provided by Kinsale Insurance Company via Alliant Insurance…
The latest news, regulation and trends in property & casualty insurance.
More Stories
State Farm General Insurance Co. said it needs the jolt of money to buoy its finances following years of losses and the fires that ravaged the Los Angeles area in January. State Farm on Feb. 3 asked Insurance Commissioner Ricardo Lara to allow it to urgently raise its prices by an average of almost 22% for homeowners policies. But attorneys for State Farm and the…
The Senate voted last week to create a new and sustainable property insurance plan to help school districts meet the rising cost of property insurance. The sponsor of SB481, when presenting the bill before a Senate committee, said that some schools had experienced "staggering" increases of 180 to 200 percent in the cost of insurance premiums.
Here’ s the likely outcome of the April 8 hearing set to follow the California insurance commissioner’ s tentative mid-March approval of a 22 percent average rate increase for customers of State Farm General Insurance Co., this state’ s largest carrier of home insurance policies:. Commissioner Ricardo Lara tentatively approved the average 22 percent rate hike…
Dear Savvy Senior, Can you offer any tips to help seniors save on their auto insurance? Dear Driver, As auto insurance rates across the country continue to rise for all drivers, seniors can face an even bigger price hike, once they reach their 70 s and their driving skills begin to decline. For example, raising your deductible from $500 to $1,000 can bring your annual…
Following State Farm’s lead, insurers expected to seek rate hikes due to LA fires
Following an emergency rate hike for State Farm Insurance in the wake of the LA wildfires, other insurers are expected to seek rate hikes.
Henrico County- based Fortune 500 insurance company Genworth Financial announced Monday that Morris Taylor is its new senior vice president and chief information officer. In his new role, Taylor will report to Genworth President and CEO Tom McInerney and will be responsible for designing and executing a technology strategy that aligns company goals and…
2025 APR 08– By a News Reporter-Staff News Editor at Insurance Daily News– A new study on Information Technology is now available. According to news reporting from Shandong, People’ s Republic of China, by NewsRx journalists, research stated,“ In the insurance industry, performance evaluation is a crucial instrument for resource management, allocation, and…
The Dallas metro and the state of Texas rank near the top of the country for average home insurance premiums— thanks in part to the rise in extreme weather events. A study published earlier this month from the Consumer Federation of America found that Texas has reported average homeowners insurance premiums of nearly $4,800, the sixth-highest in the United…
Here's the likely outcome of the April 8 hearing set to follow the California insurance commissioner's tentative mid-March approval of a 22 percent average rate increase for customers of State Farm General Insurance Co., this state's largest carrier of home insurance policies:. Commissioner Ricardo Lara tentatively approved the average 22 percent rate…
Founded by industry expert Daniel Munro, BIM is committed to delivering tailored coverage, exceptional customer service, and cost-effective solutions to nationwide businesses.. With years of experience in the insurance industry, Daniel Munro built one of the nation's largest retail commercial insurance brokerages, Gaslamp Insurance Services, before…
Founded by industry expert Daniel Munro, BIM is committed to delivering tailored coverage, exceptional customer service, and cost-effective solutions to nationwide businesses.. With years of experience in the insurance industry, Daniel Munro built one of the nation's largest retail commercial insurance brokerages, Gaslamp Insurance Services, before…
SOLVENCY AND FINANCIAL CONDITION REPORT. AS OF 31 DECEMBER 2024. This document, the Solvency and Financial Condition Report for SCOR Ireland dac, presents information on SI and its solvency position as at December 31, 2024 and has been prepared in accordance with Solvency II regulations.
As of 12/31/2024 Includes $269 M buybacks and $175 M dividends 3. HCI currently owns or controls four insurance companies. Insurance companies control over $1.2 billion of premium- in-force. Historical track record of profitable underwriting. Claims Operations. Class 3 captive Bermuda reinsurer. Opportunistically participates on reinsurance towers for…
CCC Intelligent Solutions Inc., a leading cloud platform provider powering the P&C insurance economy, today published its Crash Course Q1 2025 Report, offering an in-depth analysis of the evolving U.S. vehicle fleet and the ripple effects these shifts are having on auto claims and repairs. “Today’ s U.S. vehicle fleet— referred to in the report as the‘ car parc’— is…
The Dallas metro and the state of Texas rank near the top of the country for average home insurance premiums— thanks in part to the rise in extreme weather events. A study published earlier this month from the Consumer Federation of America found that Texas has reported average homeowners insurance premiums of nearly $4,800, the sixth-highest in the United…
FOND DU LAC— The Moraine Park Foundation announced the appointment of its three newest Foundation Board members on Monday: Melanie Bruins, Juliana Dahlinger and Rick Parks. A native of New Washington, Indiana, Parks holds a Bachelor of Science in Business Administration from Indiana State University, along with the prestigious Chartered Property Casualty…
The Consumer Federation of America released a new report that shows Illinois homeowners saw their insurance premiums increase by an average of 50% over the past three years. American homeowners saw their insurance premiums increase by an average of 24% over the past three years, but it was more than double the percentage in Illinois. “Here in Illinois, insurers…
Jeff Landry and two prominent trial attorneys in Texas last week to hunt turkey and talk legislative business— including whether lawmakers will keep trying to make it harder for lawyers to collect big payouts for clients injured in car accidents. Gordon McKernan, one of the two attorneys, flew House Speaker Phillip DeVillier, Senate President Cameron Henry…
AAA is offering insurance advice and a word of caution for Tennessee residents whose homes may suffer damage from tornadoes, severe weather, and flooding events this spring. "Once conditions are safe to do so, begin documenting damage and contact your insurance provider immediately," said Megan Cooper, spokeswoman for AAA– The Auto Club Group.
