Property and Casualty News

A curious bill from Oklahoma's last legislative session has some politicians wondering how much Oklahoma insurance law is being written by insurance companies. Mark Tedford, R- Tulsa, presented Senate Bill 726 to the Oklahoma House of Representatives. Emily Gise, R- Oklahoma City, took the floor to pose a question to Tedford.

The following information was released by Louisiana Senator Bill Cassidy:. U.S. Senator Bill Cassidy, M.D. led the chargewith U.S. Senators John Kennedy, Cindy Hyde-Smith, Roger Wicker, Jim Justice, Shelley Moore Capito, Tommy Tuberville, and John Cornyn to call on the U.S. We write to follow up on our June 9, 2025 letter to then-Acting Administrator David Richardson…

The following information was released by Alabama Senator Tommy Tuberville:. Rather than reducing federal exposure, Risk Rating 2.0 risks increasing long-term disaster costs while weakening the insurance base Congress intended the program to rely upon, "wrote the senators. Sen. Tuberville was joined by U.S. Sens Shelley Moore Capito, Bill Cassidy, John Cornyn,…

The following information was released by Louisiana Senator John Kennedy:. John Kennedy and Bill Cassidy, along with Sens. Cindy Hyde-Smith, Roger Wicker, Jim Justice, Shelley Moore Capito, Tommy Tuberville, and John Cornyn, urged acting Federal Emergency Management Agency Administrator Karen Evans to halt further implementation of the Risk Rating 2.0…

The Schall Law Firm, a national litigation firm, announces that it is investigating claims on behalf of homeowner policyholders of State Farm, Travelers, and Progressive for breach of covenant of good faith and fair dealing and other potential claims. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los…

MGT, the vertically integrated AI-native carrier modernizing commercial property and casualty insurance, today announced a partnership with Amwins, the largest independent wholesale distributor of specialty insurance products in the United States. “Amwins is relentlessly focused on innovation and continuous improvement,” said Ben Sloop, President and…

—MILWAUKEE— MGIC Investment Corp. on Monday reported fourth-quarter profit of $169.3 million. On a per-share basis, the Milwaukee- based company said it had net income of 75 cents. For the year, the company reported profit of $738.3 million, or $3.14 per share.

The following information was released by the Wisconsin Department of Natural Resources:. The Wisconsin Department of Natural Resources encourages Wisconsinites to learn about flood risks across the state and available flood insurance options during Flood Insurance Awareness Week, Feb. 1-7, 2026. Wisconsinites can contact their local zoning…

Radian Group Inc. today announced that it has completed its strategic acquisition of Inigo Limited, a specialty insurance group underwriting through Lloyd’ s of London. Rick Thornberry, CEO, Radian Group Inc.. “Today marks an important milestone for Radian as we expand from our established position as a leading U.S. private mortgage insurer into a global…

CCC Intelligent Solutions Inc., a leading cloud platform provider powering the P&C insurance economy, today announced the appointment of Josh Valdez as Chief Product Officer. Valdez will lead CCC’ s product strategy, design, and delivery, with responsibility for scaling AI-driven technology and innovation across the company’ s platform to accelerate value…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Virginia Surety Seguros de México, S.A. de C.V.. VSSM is a subsidiary of Virginia Surety Company, Inc., a general underwriting entity part of The Warranty Group Holding, Inc.. VSSM started operations in Mexico in January 2017, focused on the auto insurance line of…

Rising homeowners' insurance rates prompted a group of lawmakers to introduce a bill Wednesday aimed at reducing damage from hail and wildfire. Marc Snyder, D- Colorado Springs and Senate Minority Leader Lisa Frizell, R- Castle Rock. It's been assigned to the Senate Finance Committee.

“The Hartford delivered an outstanding year, with core earnings of $3.8 billion and a core earnings ROE of 19.4 percent,” said The Hartford’ s Chairman and CEO Christopher Swift.“ Results were driven by excellent performance in Business Insurance, which once again generated robust top-line growth at highly profitable margins, a pivotal year in Personal…

When Kansas Senate Bill 244 came to the floor in February 2025, it was a noncontroversial bill about bail bonds. Kansas Republicans in the House and Senate passed the substitute bill on Wednesday through a series of maneuvers that cut their constituents out of the legislative process. In Topeka speak, the maneuver is known as a“ gut and go”— stripping a bill of its…

Home insurers in Nevada no longer have to include wildfire coverage in homeowners policies under a new state law that took effect Jan. 1. They also say it's a necessary change for areas like the Lake Tahoe region, where expensive homes face increasing wildfire risk and fewer insurers are willing to provide coverage. "If you're a homeowner who doesn't know much…

–Gun rights advocates in Illinois are raising alarms over House Bill 43, legislation that would create a state task force to study mandatory civil liability insurance for firearm owners. Aaron Dorr, executive director of the Illinois Firearms Association, described the measure as“ another major attack on our gun rights.”. HB0043 would create a Task Force on…

–California lawmakers called Wednesday for the state’ s“ insurer of last resort,” the California FAIR Plan, to evolve to insure more properties throughout the state. “I’ ve kind of reached a point where I prefer to call the FAIR Plan‘ the California safety net’ than the‘ insurer of last resort,’” said Assemblymember Lisa Calderon, D- City of Industry and the chair of the…