The Michigan Department of Insurance and Financial Services released a report analyzing the impact of the state's bipartisan 2019 auto insurance reform completed by Milliman, Inc. at the direction of the Legislature. In May 2019, Governor Whitmer signed the historic auto insurance reform aimed at lowering costs for Michigan drivers, preserving the…
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Companies offering commercial, health and life insurance were posting ever higher pre-tax operating gains, but not those in the auto and home insurance segments, said Robert Passmore of the American Property Casualty Insurance Association. Data he presented to a special committee of the House of Representatives showed industry gains in thatâ personalâ…
Secretary of Defense Pete Hegseth on Tuesday defended the secondary strike on an alleged drug boat in the Caribbean Sea, citing theâ fog of warâ as reason for his not seeing any survivors in the water when the strike was ordered and launched. Hegsethâ s comments came during a cabinet meeting hosted by President Donald Trump the day after the administration…
The following information was released by Consumers Union:. The petition urges insurersincluding State Farm, Allstate, USAA, Liberty Mutual, and Farmersto adopt CR's Homeowners Insurance Bill of Rights, a set of nine baseline consumer protections developed with input from insurance experts, academics, and homeowners across the country.
Mississippi has the highest rate of car crash fatalities in the United States, a recent study found. The study by King Stahlman Bail Bonds, a San Diego- based bail bond company, analyzed National Highway Traffic Safety Administration data from the latest five years to find where deadly car crashes are most common and what factors are most often seen in these types…
The nationâ s auto and home insurance providers have spent the past decade encouraging customers to submit claims and manage the estimate and status updates through their mobile apps and websites. According to the J.D. Power 2025 U.S. âAcross the insurance claims workflow, from first notice of loss to the estimate and ongoing status updates, customer…
The following information was released by FEMA:. New flood maps have been finalized and will become effective on May 26, 2026, for Shelby County, Texas. Residents with federally backed mortgages must have flood insurance if their structures are in the Special Flood Hazard Area.
REGIONALâ Recent testimony from a New York State Senate hearing revealed the rapidly shifting nature of the home insurance market in New York and nationwide. Although New York is currently outside the top 20 most expensive states for home insurance, costs are rising due to inflation, flawed risk modeling, intensifying natural disasters, and more.
FINDLAYâ The Hancock County Fair Board neglected to pay a $46,000 liability insurance premium on time, a lapse that raised concern among county commissioners about potential legal exposure. At the Nov. 20 meeting of the Hancock County Board of Commissioners, Commissioner Jeff Hunker said he had received a call from an insurance agent asking Hunker for help…
5 ways insurers will prioritize AI and customer experience in 2026
Insurers will prioritize customer experience in the coming year as declining customer satisfaction reveals the need to focus on retaining clients.
AM Best is revising its market segment outlook for the U.S. homeownersâ insurance segment to stable from negative, citing moderating premium growth and enhanced catastrophe risk management practices amid improved property reinsurance market dynamics. The Bestâ s Market Segment Report,â Market Segment Outlook: US Homeowners,â states that despite elevated…
Their home insurer went bankrupt. These south Louisiana residents still have nowhere to go.
His insurance premium with Lighthouse, a small company based in Louisiana, was around $4,400 a year. He managed to avoid major damage from Hurricane Ida and other storms that hit south Louisiana in recent years. But Lighthouse went belly up in 2022, one of 12 insurers doing business in Louisiana to fold in the two years after Ida.
Successful reforms targeting medical malpractice in 1975 and workers' compensation in 1991 solved Louisiana's insurance crises of those times. In 1975, Louisiana enacted medical malpractice reform legislation aimed at addressing the escalating costs and diminishing availability of medical malpractice insurance. In 1991, Louisiana passed…
FINDLAYâ The Hancock County Fair Board neglected to pay a $46,000 liability insurance premium on time, a lapse that raised concern among county commissioners about potential legal exposure. At the Nov. 20 meeting of the Hancock County Board of Commissioners, Commissioner Jeff Hunker said he had received a call from an insurance agent asking Hunker for help…
After a 43- day lapse triggered by the federal government shutdown, the nation's flood insurance program has been reauthorized until Jan. 30, 2026. With a looming deadline and no easy fix, experts warn that another lapse could leave millions of high-risk properties in limbo or uninsured, including in North Carolina. Periodically, Congress must renew NFIP's…
Even after she escaped rising floodwaters by wading away from her home in chest-deep water during Hurricane Rita in 2005, Sandra Rojas, now 69, stayed put. A fifth-generation resident of Lafitte, Louisiana, a small coastal community, she raised her home with stilts. But this year, her annual home insurance premium increased to $8,312, more than doubling over the…
2025 NOV 27– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Sustainability Research- Sustainable Development have been published. According to news reporting originating in Beijing, Peopleâ s Republic of China, by NewsRx journalists, research stated,â Focusing on Chinese non-financial listed companies, this paper…
Farmers Insurance has officially ended its cap on new home insurance policies in California, the insurer announced on Nov. 21, 2025. "By removing the cap on offering new homeowners policies, Farmers is doubling down on its commitment to California homeowners, expanding choice and availability for consumers across the state," Behram Dinshaw, the insurer's…
Progressive will issue a refund to many of its 2.7 million Florida car insurance customers in 2026. Each eligible Progressive car insurance customer will receive an average of $300 per vehicle in refund credits or as a check, according to Florida Gov. The insurance reforms appear to be working, as Florida has seen a decline in average car insurance rates this…
The following information was released by the California Secretary of State:. California Secretary of State Shirley N. Weber, Ph.D., announced that the proponents of a new initiative were cleared to begin collecting petition signatures on November 25, 2025. Insurers that do not offer insurance for such properties cannot sell automobile or home insurance in…
