Illinois Senator Michael E. Hastings proposes legislation to prohibit insurance cost shifting and ensure premiums reflect local risks, enhancing fairness and transparency in insurance rates.

AM Best affirms A (Excellent) Financial Strength Ratings and stable outlooks for American Family Mutual Insurance Company and affiliates, citing strong capitalization and operational performance.

Michael and Brittany Moore charged with second-degree arson after setting their home on fire in Missouri amid an insurance claim dispute. Investigation ongoing.

Federal Reserve rate cut lowers 30-year mortgage rates to 6.13%, boosting homebuyer activity and refinancing demand, resulting in significant monthly payment and long-term interest savings.

CIC Services and Ragnar Group launch a group captive insurance program tailored for U.S. restaurants and bars to improve risk classification and optimize premiums.

Dr. Robert P. Hartwig discusses how litigation trends and frivolous lawsuits impact U.S. property casualty insurance costs and economic factors, per APCIA analysis.

A Sibley, Iowa man was charged with felony insurance fraud for adding vehicles to his insurance policy after a July 2024 accident and filing a claim. This case highlights regulatory enforcement and compliance issues in automobile insurance claims.

In 2024, commercial auto insurers faced a $4.9 billion underwriting loss driven by an 8% annual increase in claim severity, highlighting persistent challenges from social inflation and risk management in the U.S. market.

U.S. homeowners face rising insurance premiums driven by extreme weather and market shifts, affecting affordability and real estate transactions. Learn key trends and insurance strategies.

Guidewire Software delivers strong financial results with 26% stock gain and efficient customer acquisition, boosting its position in insurance technology.