Travelers to Sell Canadian Personal and Commercial Insurance Businesses for $2.4B

Travelers is selling its Canadian personal and most commercial insurance businesses to Definity Financial for $2.4 billion, closing expected in 2026. The move reflects strategic focus amid wildfire losses.

Round Rock Dam Project Nears Completion to Mitigate Flood Risk for 1,000+ Homes

The near completion of a major dam in Round Rock, Texas, aims to reduce flood risks for over 1,000 homes and influence FEMA floodplain assessments, impacting homeowners' insurance rates.

Investigation into Alleged Unrequested Policy Cancellations at Farmers Insurance in California

An investigation reveals claims of unrequested insurance policy cancellations by Farmers Insurance in California, affecting senior clients and raising compliance concerns. Industry professionals should note implications for customer communication and regulatory oversight.

Hail Damage Risks and Insurance Coverage for U.S. Rooftop Solar Systems

Explore how hailstorms impact U.S. rooftop solar systems and insurance coverage essentials to protect renewable energy investments amid rising severe weather events.

Florida SB 180 May Raise Flood Insurance Costs by Limiting Mitigation

Florida's Senate Bill 180 aims to speed hurricane recovery but may increase flood insurance costs by restricting home elevation and stricter building codes, affecting thousands of homeowners and insurance markets.

Economic Pressures Drive Americans to Reduce Car Insurance Coverage Amid Rising Costs

Rising inflation, tariffs, and financial stress lead many Americans to reduce car insurance coverage despite legal risks, driving significant shifts in insurance market trends and consumer behavior.

Texas Passes Law Ending Insurance 'Widow Penalty' on Auto and Home Policies

Texas enacts Senate Bill 1238 to end the insurance 'widow penalty,' preventing rate hikes for surviving spouses on auto and home insurance. Effective Sept 2025.

United Risk Global Strengthens Leadership Amid MGA Market Expansion

United Risk Global enhances leadership team with key executive promotions and strategic hires to support rapid expansion in the MGA insurance market.

U.S. Auto Loan Delinquencies Hit 15-Year High Amid Inflation and Negative Equity

Auto loan delinquency rates in the U.S. have surged to a 15-year high due to inflation, rising ownership costs, and negative equity, impacting borrowers across all credit profiles and lender types.

Federal Reserve Interest Rate Strategy Faces Scrutiny Amid Tariff Impacts

Federal Reserve's interest rate decisions under scrutiny amid inflation targets, tariff uncertainties, and impact on the housing market and economic growth.