Louisiana Advances Tax Credit for Fortified Roofs Amid Insurance Crisis
Louisiana Senate advances SB-28 to offer up to $10,000 tax credits for fortified roofs, aiming to reduce home insurance losses and stabilize rising premiums.
Texas Moves to Ban Hemp-Derived THC Consumables, Weighs Regulation and Market Impact
Texas is set to ban hemp-derived THC consumables like gummies and edibles, excluding non-intoxicating CBD and CBG products, amid market and regulatory concerns. The move impacts an $8 billion industry, reflecting ongoing challenges in hemp product oversight.
United Fire Group Elects Three Directors to Board for 2025-2028 Term
United Fire Group completes 2025 shareholder vote, electing three directors to its board for the 2025-2028 term, ensuring strong governance in the property and casualty insurance market.
Hartford Insurance Group Declares Quarterly Dividend Amid Steady Market Valuation
Hartford Insurance Group (NYSE:HIG) declared a $0.52 quarterly dividend, reflecting steady performance with a 1.58% yield and diversified insurance operations across Commercial and Personal Lines.
Tornado Uncovers Insurance Coverage Gaps in Small Kansas Town
An EF-2 tornado in Plevna, Kansas, highlights significant insurance coverage gaps among homeowners and city buildings, posing challenges for disaster recovery and risk management in rural areas.
Washington Insurance Commissioner Issues $510,000 in Fines for Licensing Violations
Washington Insurance Commissioner has fined insurers over $510,000 for licensing violations including unlicensed health plans and unauthorized pet insurance sales, underscoring regulatory enforcement and compliance in the state's insurance market.
State Farm Reports 8,800+ Claims from Severe May Tornadoes, Raises CA Premiums
State Farm and American Family Insurance face thousands of claims from May tornadoes across Midwest states. State Farm authorized a 17% California homeowner premium increase amid rising claims from severe weather.
Sapiens Secures Contract for State Auto Insurance Claims Modernization
Sapiens International Corporation has been selected by a leading state-run auto insurance organization to modernize claims operations with its ClaimsPro SaaS solution, signaling growth in AI-driven insurance automation and digital transformation.
LexisNexis Q1 2025 U.S. Auto Insurance Demand Shows Strong Shopping and Policy Growth
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.
Insurance Firms Strengthen Leadership Amid Market Transformation
Key executive appointments at Everest Group, Patriot Growth, Trucordia, Mutual of America, and Roots reflect strategic leadership strengthening and AI integration in the evolving U.S. insurance market.