Hot on the heels of a significant rate cut in December, Florida’s Security First Insurance has announced another average decrease for one of its homeowners products. The use-and-file decrease will average about 5.2% for the carrier’s Signature+ HO3 policies, a …

A bill to provide restitution to policyholders harmed by their insurer or agent passed the Washington Senate on Wednesday on a 29 to 20 vote. The bill, sponsored by Insurance Commissioner Patty Kuderer and sponsored by Senator Adrian Cortes (D–Battle …

Relation Insurance Services has acquired the assets of PT Business Solutions in South Pasadena, California. PT Business Solutions is a provider of employee benefit, HR, payroll, workers’ compensation and group retirement plans. The agency has been serving clients since 2003. …

In the state’s seventh round of medical debt relief, outgoing Governor Phil Murphy announced that nearly 14,000 New Jersey residents will see almost $16 million in medical bills abolished. The relief is a result of the state’s ongoing partnership with …

Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travelers in hotels. In a complaint filed on Friday night in …

EverPeak Insurance Names Kranz President EverPeak Insurance created a unified leadership team headed by Kathy Kranz. Kranz most recently served as interim COO at EverPeak. She previously served a long tenure as CFO of Pinnacol Assurance. The new EverPeak Insurance …

Nearly five years after Winter Storm Uri sparked widespread power outages and killed hundreds of Texans, officials and residents are once more girding for a round of severe winter weather that will blanket large parts of the state. Dangerously cold …

The Kentucky Department of Insurance is reminding insurance agents to be careful when advising clients on securities transactions. State law requires that investment advisors be registered with the state. And when an insurance agent advises a consumer to “sell, surrender, …

Cottingham & Butler Names Hessling President Cottingham & Butler, headquartered in Dubuque, Iowa, named Mike Hessling as president. Hessling joins Cottingham & Butler from Gallagher Bassett, where he served as CEO of North America. As president, Hessling develops and executes …

The Pennsylvania Insurance Department (PID) said it saved residents $227.9 million by blocking proposed property/casualty insurance premium increases from taking effect in 2025. Through the rate review process in 2025, PID reported that its review of property/casualty (P/C) rate filings …

A Missouri spouse can collect loss-of-consortium damages separate from her husband’s underinsured-motorist benefits, a federal appeals court ruled. The 8th U.S. Circuit Court of Appeals concluded that an Auto-Owners Mutual Insurance Company auto policy was poorly drafted. Therefore, its ambiguity …

Howden today announced the launch of a U.S. cyber practice, with Juliet White hired as head of cyber and Lou Botticelli as cyber brokerage leader. Since May 2022, White has been head of cyber at E&O at Vantage Risk Cos. …

AM Best’s outlook for the global reinsurance segment is no longer positive, the rating agency announced Monday, citing the uptick in property reinsurance price drops and concerns about casualty reinsurance loss trends. The outlook is now stable, AM Best said …

Zurich Resilience Solutions (ZRS), a risk advisory and engineering service and part of Zurich Insurance, announced the formation of a specialized Data Center Risk Advisory practice, which brings together more than 100 expert risk engineers with experience supporting complex data …

A Massachusetts judge on Tuesday ruled prediction-markets operator Kalshi cannot let state residents bet on sports through its online platform, after the state’s attorney general accused it of running afoul of gaming regulators. Suffolk County Superior Court Judge Christopher Barry-Smith …

More than 100 vehicles smashed into each other or slid off an interstate in Michigan on Monday as snow fueled by the Great Lakes blanketed the state. The massive pileup prompted the Michigan State Police to close both directions of …

Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% below the 21st-century average and the lowest since 2015, said …

California Department of Insurance data show one consumer advocacy group earned $1.4 million in fees last year from a program that pays people and advocates to intervene in rate hearings. Consumer Watchdog received $1,427,280.80 in fees from the state’s inventor …

Fourth quarter 2025 net income at The Travelers Cos. increased about 20% compared with the same period a year ago, to about $2.5 billion. Underwriting, lower catastrophe losses, and more favorable prior year reserve development bolstered financial results for the …

Wells Fargo & Co. is moving the headquarters for its wealth-management business to West Palm Beach, becoming the first big bank to run that operation from the heart of the wealth boom in South Florida. The San Francisco-based firm signed …