USAA to pay $5 million to settle Maryland class-action lawsuit alleging unlawful late fees on auto insurance policies. Settlement pending court approval.

A new California ballot initiative proposes requiring insurers to cover fireproofed homes or face penalties, amid ongoing wildfire insurance market challenges and regulatory debates.

Bamboo Insurance enters the Texas homeowners insurance market, offering personalized and transparent insurance products amid market withdrawals. This expansion expands coverage options and exemplifies evolving insurance strategies in Texas.

Explore the impact of the 2024 'quadruple threat' on the U.S. economy, including auto strikes, government shutdown risks, student loan repayments, and rising oil prices affecting insurance and market stability.

Commercial auto insurance in the U.S. continues to face underwriting losses for the 14th year, driven by rising claims costs and under-reserving, according to AM Best.

Explore the regulatory role and cost impact of SR-22 insurance endorsements for high-risk drivers, including strategies for compliance and cost management in auto insurance.

Illinois Senate Bill 2691 mandates a study by the Department of Insurance on the impact of nondriving factors like credit scores and occupations on insurance premiums, aiming to enhance transparency and fairness in rate setting by 2027.

TD Cowen's recent field trip reveals mixed views on casualty insurance pricing, specialty lines potential, reserve adequacy concerns, and cyber risk underwriting challenges.

The U.S. commercial auto insurance line incurs $10 billion in net underwriting losses over two years due to increased claims costs and adverse loss reserve developments, impacting the P/C insurance market.

Heritage Insurance stock rises 11.7% on strong underwriting discipline and enhanced reinsurance program, positioning for growth in property and casualty insurance market.