Louisiana approves a 5.9% State Farm auto insurance rate decrease driven by fewer claims, while homeowners insurance rates rise 9.7%. Industry surveys point to labor rate reductions in collision repairs.

The NBER report estimates U.S. households face $400-$900 annually in climate-related costs from extreme weather, with rising insurance premiums, energy bills, and health impacts driving up expenses.

Georgia law extends insurance cancellation notice from 30 to 60 days and launches catastrophe savings accounts to help homeowners manage storm damage and insurance costs.

Chubb appoints Chris Colahan as Head of Commercial Property & Casualty for Asia Pacific, enhancing strategic focus in the regional insurance market. Get insights on market impact and leadership.

Township committee considers PILOT tax breaks for senior housing redevelopment of vacant telecom office, amid school funding concerns.

CRC Group and Jencap Group enhance regional binding operations and market presence through strategic senior appointments in California, Atlanta, Charlotte, and Denver, driving insurance market growth and service expansion.

Evercore ISI highlights intensifying social inflation in U.S. casualty insurance, evidenced by rising court awards and settlement values, pressuring reserves and impacting casualty rate trends in the property & casualty market.

XPT Specialty appoints Liam Sole as Senior Underwriter to strengthen East Coast commercial lines, focusing on property and casualty risks and excess & surplus market expertise.

The U.S. House will vote on a Republican health care bill proposing alternatives to the Affordable Care Act, focusing on premium reductions, increased competition, and subsidy reforms.

Skyward Specialty Insurance Group experiences mixed institutional share adjustments as several firms increase stakes, while others reduce holdings; multiple analyst upgrades raise price targets to mid-$60s, signaling market confidence in specialty insurance underwriting performance.