The latest news, regulation and trends in property & casualty insurance.
Ask what stops an attack, not what sees one.
The recent Taylor Farms/Taco Bell lettuce recall is a case study about the tremendous risk for insurers when supply chains aren’t recall-ready.
The Consumer Federation of America is pushing for legislation that would penalize insurers for delayed payments of insurance claims, including requiring insurers to pay interest to customers for late payouts.
The two Democrats running for California insurance commissioner offer voters a stark choice for tackling a wildfire-driven home insurance crisis as premiums surge and insurers drop thousands from their plans: Can the state fix the private market, or should it step in with its own coverage? Jane Kim, a former member of the San Francisco Board of Supervisors, has…
What office are you seeking: Illinois State Representative, 70th District. President, Sycamore Public Library Board; State Representative, 70th District; House Republican Conference Chairman; Chairman, Illinois Legislative Ethics Commission; Ranking Republican Member, House Insurance Committee, House Artificial Intelligence and Emerging Technologies…
The Opelika City Council approved new regulations for hemp stores during its regular Tuesday meeting. •„The city council approved an annual Excess Loss Insurance contract with Wellpoint. •„The city council approved an annual General Liability Insurance agreement with Marsh& McLennan Agency.
Pet owners across the nation are getting a costly surprise a year into their pet insurance plans. The increases can be eye-popping, with some social media users reporting their pet insurance premiums jumped from $200 per year to $1,362— a 581% increase. Nick VinZant, director of public relations at Trupanion, agreed. "
Fraud, inaccurate information, and misrepresentation cost the U.S. personal auto and homeowners insurance markets an estimated $45.3 billion annually, according to an analysis released by insurance risk-assessment company Clearspeed. The FBI has also estimated the impact at $400– $700 annually for the average U.S. family. Clearspeed calculated its…
SACRAMENTO— California Insurance Commissioner Ricardo Lara introduced proposed regulations Wednesday to bar auto insurance companies from using marital status when calculating rates, taking aim at a 30- year-old industry pricing mechanism. The proposal would eliminate a key optional rating factor permitted since 1996, aligning California's…
Latimer County has new flood maps that will become effective March 16, 2027. Until March, a FEMA compliance specialist will work with the community to update floodplain ordinances and adopt new flood maps. Residents with federally backed mortgages must have flood insurance if their structures are in the Special Flood Hazard Area.
The following information was released by the office of Minnesota Sen. Senator Tina Smith's bipartisan legislation to safeguard the availability of terrorism risk insurance coverage passed the Senate Banking Committee by a unanimous vote.Roughly 60 percent of American businesses have terrorism risk insurance, which could become unavailable without…
The Pennsylvania Insurance Department and the Pennsylvania Emergency Management Agency joined Lower Makefield Township and local leaders last week to highlight efforts that improved flood insurance access and preparedness since the Pennsylvania Flood Insurance Premium Assistance Task Force provided recommendations to Governor Shapiro in 2024..
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a” from“ a-” of the following operating subsidiaries of Enact Holdings, Inc.: Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina. Both operating companies are domiciled in Raleigh, N.C. In addition, AM Best has…
The Opelika City Council approved new regulations for hemp stores during its regular Tuesday meeting. The city council approved an annual General Liability Insurance agreement with Marsh& McLennan Agency. The city council approved a new job description for the Library Programming and Outreach Coordinator.The city council approved reclassifying the…
New analysis examines how inflation, gasoline prices, vehicle repair costs, and auto insurance are affecting American drivers.
You might assume you're covered for repairs after a disaster because you have homeowners insurance. Unfortunately, you could be wrong. As extreme weather becomes more frequent and destructive, homeowners across the country are discovering gaps in their insurance policies— after the damage has already been done.
The September issue of Best’ s Review includes the following exclusive rankings:. Top 25 US Property/Casualty Mutual Writers. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
Bedford County says it has recovered a majority of the money from a recent fraud scheme involving its finance department. Additionally, the statement said the remaining $38,685.31 was reimbursed through the county's social engineering fraud liability insurance coverage, and results in no financial loss to Bedford County taxpayers.
California Insurance Commissioner Ricardo Lara today announced proposed regulations to prohibit insurance companies from using a driver's marital status as an optional factor when setting private passenger automobile insurance rates, taking the next step in his ongoing effort to modernize California's insurance regulations and strengthen…
Ask what stops an attack, not what sees one.
Senator Elizabeth Warren, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, delivered opening remarks ahead of committee votes on re-authorizing the Terrorism Risk Insurance Act Program as well as President Trump's nominations of Brian Johnson to be Director of the Consumer Financial Protection Bureau, Abby Warren to be…
The following information was released by the office of Arizona Senator Ruben Gallego:. Nearly 60 percent of American businesses that rely on terrorism risk insurance could be left without coverage if Congress fails to act. WASHINGTON Today, Senator Ruben Gallego, along with Senators Tina Smith, Dave McCormick, and Thom Tillis, celebrated the unanimous…
Donalds counters on the campaign trail and in a television ad that Jolly's plan would institute a $1,000 "hurricane tax" on Florida families. The Donalds campaign cites a recently published study from Florida State University as the source of its contention that Jolly's plan would blow a hole in Florida voters' pockets if approved. But that FSU study isn't based…
