The latest news, regulation and trends in property & casualty insurance.
Generative AI has moved well beyond the margins of claims management and is now woven into everyday workflows.
New research from the Society of Actuaries has found insurance and financial services leaders across a range of sectors all named artificial intelligence as the top emerging risk for 2026 and in the years to come.
The pace of M&A activity slowed slightly in the first quarter of 2026 versus 2025, but the downward trend appears…
InsureMatch.ai, a new consumer-first insurtech platform, has launched with the ambitious goal of helping American households save a collective $1 billion on auto and home insurance premiums. Aimed at tackling rising insurance rates, the platform eliminates the tedious nature of shopping around and features a live' Savings Tracker' to monitor community…
Becerra is right that there is an insurance crisis in California, but price controls aren’ t the answer. In 1988, California voters passed Proposition 103, a landmark law that sought to protect consumers from arbitrary rate hikes by requiring insurers to get the approval from the state insurance commissioner before raising rates.. The California Supreme…
Generative AI has moved well beyond the margins of claims management and is now woven into everyday workflows.
Heavy recent rainfall raises the question whether Chicago homeowners are covered by their existing insurance policy in the event their basement floods.The answer is probably not.“ Most people do not know what is and is not covered,” says Douglas Heller, director of insurance at Consumer Federation of America. The streets and local sewers across Chicago and the…
Across the United States, homeowners are facing higher costs tied to housing, utilities, insurance, maintenance, and borrowing. Mortgage rates remain elevated compared with the historic lows seen in 2020 and 2021, while property taxes, repair costs, and homeowners insurance premiums have also increased in many regions. Rising prices for construction…
Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states, Democratic lawmakers introduced bills this session that would allow insurance companies or state attorneys general…
There is no greater looming threat to affordability in California than its home insurance crisis. Rates have risen sharply across the Bay Area. With the June 2 primary approaching, Bay Area voters must understand: When they choose among the dozen candidates to replace termed-out Insurance Commissioner Ricardo Lara, the viability of homeownership is on the…
New research from the Society of Actuaries has found insurance and financial services leaders across a range of sectors all named artificial intelligence as the top emerging risk for 2026 and in the years to come.
The following information was released by the Insurance Information Institute:. MALVERN, Pa., May 15, 2026 The U.S. property/casualty insurance industry showed improving underwriting conditions in 2025 following several years of elevated catastrophe losses, inflation-driven claims costs, and post-pandemic economic volatility. These findings are…
The following information was released by the Michigan House of Representatives, the Republicans:. Julie Rogers today introduced bipartisan legislation aimed at simplifying Michigan's no-fault auto insurance system by creating clearer standards for long-term injury care, reducing costly legal disputes and making reimbursement rules more…
The following information was released by the office of Wisconsin Rep. Congressman Scott Fitzgerald's Keeping Violent Offenders Off Our Streets Act, legislation aimed at combating radical bail policies by subjecting bail bonds to insurance fraud laws, passed the House of Representatives today. "Communities across the country have suffered the…
Employees at travel insurance startup Faye celebrated the opening of the company's new U.S. headquarters in Henrico County this week, a move that is expected to prompt a couple dozen new hires. The Richmond staff outgrew its previous office space in the downtown Arts District, Rolander said during a Wednesday interview. "We do that from Richmond."
May 13– Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states, Democratic lawmakers introduced bills this session that would allow insurance companies or state attorneys…
Legislation requiring insurance companies to submit proposed rate increases to the Oklahoma Insurance Department for review prior to taking, rather than raising rates first and notifying the state afterward, has been signed into law. Aaron Reinhardt, R- Jenks, changes how property and casualty insurance rate filings are handled in Oklahoma by moving the…
The following information was released by the Illinois Senate Democrats:. State Senator Ram Villivalam is leading the charge with a measure aimed at regulating auto insurance premiums in Illinois. Additionally, the measure would provide a path to relief for residents over age 55 by allowing the Illinois Secretary of State to find a course that meets or…
The following information was released by the Illinois Senate Democrats:. Capping off years of advocacy and negotiations, State Senator Michael E. Hastings carried legislation that would protect Illinois homeowners from unfair rate hikes similar to those endured in the last few years. The legislation would also ban cost shifting, a practice where losses or…
Hurricane coverage adds an average of over $4,500 per year to homeowners insurance premiums in Florida and Louisiana. In Florida, the average premium jumps from $2,557 without hurricane coverage to $7,136 with a 2% hurricane deductible— a difference of $4,579 annually. Louisiana homeowners pay an extra $4,528 per year for the same protection.
GEICO recently participated in the Small Business Expo in New York City, engaging directly with small business owners and showcasing its evolving commercial insurance portfolio. The company will continue its presence at upcoming expos in Boston on May 27, Los Angeles on Sept. 30, Dallas on Nov. 4 and Atlanta on Dec. 16 as part of its multi-city strategy.
–A bill to regulate homeowners insurance rates will be up for consideration in the Illinois House after it cleared the state Senate on Wednesday. Chicago Mayor Brandon Johnson says he is going to meet Pope Leo XIV in Rome later this month. NBC 5 Chicago reported that the mayor’ s first visit with the Chicago- born pope is set for May 28.
May 13– Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states, Democratic lawmakers introduced bills this session that would allow insurance companies or state attorneys…
