Hilb Group Expands New England Presence with NH P/C Insurance Acquisition

Hilb Group expands its property and casualty insurance presence in New England with the acquisition of a New Hampshire-based firm, reflecting ongoing consolidation in the insurance brokerage sector.

Travelers Reports Strong Q2 Earnings with Improved Underwriting and Investment Income

Travelers Companies exceeded Q2 earnings expectations, driven by strong underwriting, lower catastrophe losses, and higher investment income in property and casualty insurance.

AM Best Affirms Superior Credit Ratings for Munich Re and Subsidiaries

AM Best has affirmed Munich Reinsurance Company's A+ Financial Strength Rating and aa Long-Term Issuer Credit Ratings, highlighting strong capitalisation, diversified earnings, and stable outlook for global reinsurance operations.

Texas Homeowners Face Rising Insurance Costs Amid Insurer Market Retreat

Texas homeowners confront rising insurance premiums and policy cancellations as insurers withdraw coverage due to escalating natural disaster risks, impacting market stability and coverage availability.

California Legislation Targets Insurance Use of Outdated Aerial Images for Homeowner Policies

California lawmakers propose regulations on insurance companies using outdated aerial drone images for property assessments amid homeowner concerns over surprise policy cancellations and privacy issues.

State Farm Seeks to Keep Wildfire Insurance Rate Documents Confidential in California

State Farm requests court to keep documents justifying 17% emergency wildfire insurance rate increase confidential in California, raising Proposition 103 transparency concerns.

Federal Reserve Highlights Housing Affordability Challenges and Economic Implications

Federal Reserve analysis outlines elevated U.S. housing costs, supply constraints, and inflationary pressures influencing economic outlook and monetary policy decisions.

Honeycomb Insurance Expands Specialty Non-Admitted Program Nationwide with Enhanced Limits

Honeycomb Insurance expands its non-admitted specialty program nationwide, increasing insured property limits and integrating platforms amid a challenging commercial property insurance market.

State Farm Adjusts Illinois Insurance Rates: Lower Auto, Higher Home Premiums

State Farm reduces auto insurance rates by 5.7% while increasing home insurance premiums with new wind/hail deductibles in Illinois, reflecting claim cost trends and weather-related risks.

NC Law Extends Inexperienced Driver Surcharge, Raises Auto Insurance Minimums

New North Carolina law extends inexperienced driver surcharge to mid-20s and raises minimum auto insurance coverage limits, influencing premiums statewide.