Property and Casualty News

WASHINGTON, July 15, 2026/ PRNewswire/— U.S. News& World Report, the global authority in rankings and consumer advice, today recognizes the winners of the 2026-2027 Home Insurance Awards. "When choosing the right home insurance company to trust with their largest asset, homeowners should consider not only the cost of a policy but also the reliability of that…

Quick links: Grants for fortified roofs update| Wildfire mitigation discounts| Insurance profits| Unemployment rate at 3.9%| Free solar-tech training| Colorado gets a D for business| Reader poll. Colorado often ranks among the top states in the nation for many odd and trivial things. But being No. 1 for the largest cumulative increase in home insurance premiums…

North Carolina prides itself on being among the most military-friendly states in the nation. The state has several large active-duty bases and provides significant support for military and veteran communities. Active-duty military members and their families will find themselves making decisions about insurance, meeting liability requirements and…

Property owners in predominantly Black and Hispanic corners of the country pay higher home insurance premiums than those in mostly white areas, even when factoring for environmental risk, the Consumer Federation of America found in a report released this week. Washington had one of the country’ s worst gaps between white and Hispanic homeowners, a finding…

Loews Corporation (NYSE: L) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 1.86% on the day to $116.01. Loews Corporation functions as a diversified holding company, with significant business segments spanning insurance, energy infrastructure, hospitality, and manufacturing. Its insurance division delivers commercial property and […]

For Midlands professionals and retirees who own beach houses in Charleston or investment properties along the South Atlantic coast, a new industry analysis quantifies what your renewal notices have already suggested: coverage in the Lowcountry is becoming one of the hardest bets in the U.S. insurance market. The county’ s average annual home insurance…

The Travelers Companies, Inc. today reported net income of $2.208 billion, or $10.26 per diluted share, for the quarter ended June 30, 2026, compared to $1.509 billion, or $6.53 per diluted share, in the prior year quarter. Core income in the current quarter was $2.160 billion, or $10.04 per diluted share, compared to $1.504 billion, or $6.51 per diluted share, in the…

Greg Abbott outlined his plans to address home and car insurance costs during a Wednesday campaign stop in Houston. An outline of the plan shared by Abbott's campaign proposes a $400 million program in which homeowners can receive up to $10,000 for roofs that can withstand wind and hail damage. In Texas, most insurers cannot consider traffic violations when…

With Texas suffering from extreme weather events, including record flooding and hurricanes, home and auto insurance premiums have also risen. One aspect of his plan is for the legislature to establish a Texas roof fortification program and to amend state law to allow safe drivers to have access to lower auto premiums. "A more affordable Texas starts with…

Greg Abbott outlined his plans to address home and car insurance costs during a Wednesday campaign stop in Houston. An outline of the plan shared by Abbott's campaign proposes a $400 million program in which homeowners can receive up to $10,000 for roofs that can withstand wind and hail damage. In Texas, most insurers cannot consider traffic violations when…

Williams has been with AM Best since 2006 and is responsible for monitoring and evaluating a myriad of companies that operate in the personal lines, commercial lines and life/annuity segments in the United States and Canada. “Target Topics” is hosted by the Target Markets Program Administrators Association and covers the program business insurance segment.

Aegis Travel Insurance, a division of Aegis General Insurance Agency and K2 Insurance Services, has launched protection options designed for experience-first travelers who plan vacations around once-in-a-lifetime concerts, festivals, and sporting events, as opposed to the destination. Ticket insurance might refund the cost of a seat, but it doesn’ t…

North Carolina prides itself on being among the most military-friendly states in the nation. The state has several large active-duty bases and provides significant support for military and veteran communities. Active-duty military members and their families will find themselves making decisions about insurance, meeting liability requirements and…

Underwriting conditions remain favorable across much of the U.S. property/casualty insurance industry as economic drivers stabilize and moderating claims-cost pressures support stronger underwriting results, according to the latest members-only Insurance Economics and Underwriting Projections: A Forward View from the Insurance Information…

Thousands filed into a North Raleigh church for a somber funeral service for Raleigh Police Detective Paul Hale, fatally shot while trying to arrest a murder suspect. More than 100 Raleigh police officers revolted by jamming into a City Council meeting and demanding that Chief Robert Goodwin resign or be fired. In 1926, 80 farmers from Wake, Franklin and Vance…

Greg Abbott outlined his plans to address home and car insurance costs during a Wednesday campaign stop in Houston. An outline of the plan shared by Abbott’ s campaign proposes a $400 million program in which homeowners can receive up to $10,000 for roofs that can withstand wind and hail damage. In Texas, most insurers cannot consider traffic violations when…

Jennifer Fleener, 60, Indianapolis 57 months' imprisonment; 2 years of supervised release $1,199,149.32. Asha Mimms, 46, Indianapolis 12 months' and 1 day imprisonment; 2 years of supervised release $365,570.85. Jennifer Thompson, 45, Indianapolis 3 years' probation $604,745.12.

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” for Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company and Safety Northeast Insurance Company. Collectively, these companies are referred to as…

Berkshire Hathaway Specialty Insurance today announced two promotions within its Healthcare Professional Liability business. “Jarek and Greg are leaders who have each played an important role in the growth and success of our Healthcare business,” said Leo Carroll, Head of U.S. Healthcare, BHSI.“ Jarek brings exceptional underwriting expertise, strategic…

California law requires car insurance companies to offer a discount to eligible older drivers. Under California Insurance Code, drivers 55 and older are eligible for a car insurance discount after completing a "mature driver improvement course provided for and approved” by the California Department of Motor Vehicles. According to AARP, the course reviews…