The latest news, regulation and trends in property & casualty insurance.
What holiday driving trends reveal about risk, claims and coverage gaps.
As the U.S. insurance industry flips the calendar to 2026, affordability has shifted from a rising concern over sky-high costs to a defining industry challenge.
The insurance regulatory and risk landscape was demanding in 2025 ā and all signs point to 2026 being even more complex.
Overall, median annual home insurance costs paid by property owners in the North Bay and the two counties to the north significantly exceeded the statewide rates and have grown at a quicker pace. The median cost in Marin County in 2024 was highest in the North Bay at $2,658 but the 10- year rise was significantly less- 27%. The median annual premium for California…
2025 DEC 25– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Enlyte, a leader in technology, networks and services for the property and casualty industry, announced it has entered into an agreement to acquire PartsTrader, the industryā s leading parts procurement marketplace. āThis acquisition reinforces Enlyteā s commitment to the Auto…
The insurance rating company, frequently relied on by Fannie Mae and Freddie Mac in determining whether to accept mortgages, has a troubled history of misjudging insurer solvency in communities on the front lines of climate change. Washington, D.C. Today, Senator Sheldon Whitehouse, Ranking Member of the Environment and Public Works Committee; Senator Ron…
What holiday driving trends reveal about risk, claims and coverage gaps.
The following information was released by FEMA:. The Federal Emergency Management Agency is proposing updates to the Flood Insurance Rate Map along Gum Run and Middle Spring Creek in the Township of Southampton, Franklin County, Pennsylvania. The 90- day appeal period began on Oct. 24, 2025.
Redlands dog owners whose pets are deemedā viciousā must now carry liability insurance under a tightened city ordinance aimed at holding owners accountable for animal attacks. The Redlands City Council approved the changes on Tuesday, Dec. 16ā a move Mayor Mario Saucedo said is long overdue. Tabitha Crocker, the cityā s Facilities and Community Services…
Beyond the house: Insuring your deck, fence, and detached garage. When homeowners review their policy, their focus often remains on Coverage A: Dwelling, which is the physical structure of the main house. Cheap Insurance explains how these external structures are covered under a different section of the homeowners insurance policy, usually designated as…
Now that state-owned Citizens Property and Casualty Insurance Corp. is seeking to reduce premiums in South Florida and other parts of the state, customers of private market insurers are likely wondering if their policies will get cheaper as well next year. Others are likely to follow, driven by the same market factors behind the Citizens reductions: fewer…
As the U.S. insurance industry flips the calendar to 2026, affordability has shifted from a rising concern over sky-high costs to a defining industry challenge.
Calling rising wildfire insurance rates anā urgent challenge,ā a Headwaters Economics and Columbia Climate School report released this month points to potential approaches to address the financial burden on Montana property owners. Montana policy holders paid a little more than $4 billion in premiums in 2013, that number in 2022 was almost $7.4 billion,…
The Northbrook- based company had also made a regulatory filing in January to increase homeowners insurance rates in Illinois by 14.3%. "State Farm and Allstate have close to half of the market share in Illinois so it's already impacting hundreds of thousands of consumers in Illinois," Scarr said.Most mortgage loans require homeowners insurance and an…
2025 DEC 22– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Environment- Environmental Compliance is the subject of a report. According to news reporting from Tuscaloosa, Alabama, by NewsRx journalists, research stated,ā This study examines the effect of a pollution liability insurance mandate on corporate environmental…
Can your auto insurance policy be canceled in the first 60 days? When a driver secures a new auto insurance policy, they expect immediate, reliable coverage. Cheap Insurance explains how this window is essential, as omissions, errors, or undisclosed risks related to the driver or vehicle can lead to policy cancellation, often without the extensive advance notice…
WEST ATLANTIC CITY, N.J., Dec. 22, 2025/ PRNewswire-HISPANIC PR WIRE/ā The Great Bay Insurance Group, the leading provider of coastal homeownersā insurance in New Jersey, today announced the following leadership changes. Brian S. Schleider., has been named as Executive Vice President and Chief Financial Officer of the Group and Sharon Karlsson-Simons has been…
Consumer advocates and Democrats warned at the time that the state could expect mass cancellations of policies, exacerbating a crisis that has already hammered Louisiana homeowners. Insurance executives and Republicans, meanwhile, argued the change was needed to bring Louisiana more in line with other states and to invite competition into the market.
A few months after State Farm shocked Illinoisans and angered Gov. Combine those two increases, and Allstate is nearing State Farm territory. Allstate "s two hikes also are more on a dollar basis than the State Farm increase because State Farmā s rates were lower on average than Allstateā s before these most recent rounds of price hikes.
In an accompanying petition for intervention filed in Oklahoma County District Court, Drummond asserts that while State Farm marketed its policies as providing full replacement-cost coverage, the company predetermined claim outcomes to meet corporate savings targets rather than honoring policy promises. Drummond is asking the court to award…
Sonoma Countyā s median rate for home insurance premiums shot up more over the past decade than in any other part of the nine-county Bay Area, while Lake and Mendocino counties, where wildfires have exacted a wider if not deeper toll, have seen rates climb even faster and higher. The median cost in Marin County in 2024 was highest in the North Bay at $2,658 but the 10-…
Across the United States, climate change is driving more intense and frequent flooding, putting millions of homes and neighborhoods at growing risk. In our new study, "Effects of Risk-Based Pricing Reform on Flood Insurance Uptake," published in the Journal of Catastrophe Risk and Resilience, my coauthors Max Snyder, Carolyn Kousky, and I examine how the National…
State rules on auto insurance nonrenewal notice. When the mail arrives carrying a letter from a car insurance provider, the natural inclination is often to toss it into the "later" pile. In this article, Cheap Insurance explores the legal foundations protecting consumers and reveals the varying deadlines that insurers must abide by across the country.
