The following information was released by FEMA:. New flood maps have been finalized and will become effective on May 26, 2026, for Sabine County, Texas. Residents with federally backed mortgages must have flood insurance if their structures are in the Special Flood Hazard Area.
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After a long run, home insurance price increases in Florida slowed to a near halt between August and September, raising the question: Now will prices go down? Statewide average costs for all-perils coverage of owner-occupied homes increased by $1 between August and September, from $3,747 to $3,748, according to the South Florida Sun Sentinel "s analysis of the…
Azuga, a Bridgestone company and a leader in fleet management, video telematics and safety solutions, published its new whitepaper, The Case for Dashcam-based Commercial Auto Insurance. Drawing on data from thousands of fleets and deep experience with insurers, the paper examines how connected dashcams are helping insurers address rising claim costs, fraud,…
The downgrade knocked State Farm, the country's largest property and casualty insurer by market share, from the very top of AM Best's rating scale to A+. For example, even a 0.10%– 0.25% increase in the cost of borrowing for a company the size of State Farm could cost it billions annually. Poor timing for State Farm leadership.
How cyber insurance will connect consumers and insurers
Several trends are on track to converge in 2026 and boost the perceived value of personal cyber coverage.
The Federal Emergency Management Agency has delivered preliminary flood maps for Butte County and the City of Chico, California. Before the new Flood Insurance Rate Maps become effective, there is a 90- day appeal period from December 3, 2025, toMarch3, 2026.. Officials from FEMA and Butte County worked together to provide updated information that accurately…
CEDAR RAPIDS— The City of Cedar Rapids' housing and nuisance manager pleaded guilty last week for submitting a forged receipt for pet medications to an insurance company and received a deferred judgment Tuesday. Buelow received a deferred judgment and "probation monitored for compliance" on Tuesday, according to an order by 6th Judicial District Judge…
While Farmers has continuously offered homeowners insurance to consumers in the state, prior to today’s announcement, Farmers homeowners offerings had been capped at 9,500 new policies per month.
A recap of the the National Council of Insurance Legislators annual meeting.
Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $107.52. So far today, approximately 95,522 shares have been exchanged, as compared to an average 30-day volume of 727.75k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]
Zachary Norton, 38, is charged with driving while impaired, no liability insurance, failure to display registration plate and a brake light equipment violation, the Morganton Department of Public Safety said in a news release. Morganton police officers saw a lawnmower driving along East Union Street near East Fleming Drive shortly before 9 p.m. Wednesday.
Georgia drivers saw rising auto insurance bills in recent years, yet the industry was not seeing gains, an advocate told state lawmakers. 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…
The judge found Justice owes just over $29 million to Lexon Insurance Company comprised of unpaid debt and collateral obligations plus prejudgment interest dating back to July 2023 after Justice in 2018 and 2019, when he was governor, guaranteed to Lexon in agreements that his coal companies would timely pay sums of $5 million and $20 million, respectively.
Los Angeles County officials are investigating policyholder complaints that State Farm, California's largest home insurance company, has delayed, underpaid, or denied claims in the aftermath of the January 2025 Eaton and Palisades wildfires. If found liable, State Farm could face civil penalties of up to $2,500 per day, per violation. State Farm must act…
New York isn't even close to being the most expensive state for homeowners insurance, data shows. Climate change-driven natural disasters, inflation, flawed risk modeling, insurance fraud, and litigation are pushing New York's home insurance rates higher, multiple organizations said in written testimony before the committee. At the end of 2024, New York's…
American Pet won approval for increases that will affect more than 3,200 policyholders, including 1,618 Trupanion for Chewy Health policies. Rates for accident and illness plans will climb 24%, and Trupanion rates will rise by 12.9%, according to the company's state filing. ACE Property and Casualty Insurance Company underwrites Healthy Paws in Florida.
Today, Congressman Jared Moskowitz reintroduced his Natural Disaster Risk Reinsurance Act, legislation designed to lower homeowners' insurance premiums, help families afford to stay in their homes, and stabilize Florida's collapsing insurance market. Florida currently faces the highest average homeowners insurance premiums in the country, driven…
Candidates for Florida Senate District 11 shared contrasting views on insurance reform, education, growth and environmental policy, redistricting, taxes and immigration during a Nov. 5 virtual forum jointly hosted by the Citrus County and Tri-County Leagues of Women Voters. Ralph Massullo and Democrat Ash Marwah each delivered three-minute opening and…
Insurers of last resort are failing households
FAIR Plans were created in the 1960s as a temporary public policy response to a market failure.
Florida homeowners continue to face insurance affordability crisis, report says
A report finds that the “rebuilding” of Florida’s property insurance market after Hurricane Ian struck the state in 2022 has reproduced many of the same conditions that left homeowners exposed in the last crisis.
