Texas legislators propose a bill requiring insurers to get state approval before raising homeowners insurance rates, responding to rising premiums linked to natural disasters. The bill aims to replace the file-and-use system with stricter regulatory oversight.
Louisiana Senate committee approves tax credit up to $10,000 for homeowners installing fortified roofs, aiming to reduce storm damage and insurance claims while lowering premiums.
Steadily raises $30M in Series C funding at $355M valuation, expanding its tech-driven landlord insurance offerings across all 50 states with proptech integrations and dedicated coverage for rental properties.
Explore the top three essential insurance policies new U.S. businesses need in 2024 to protect against cybercrime, employee liabilities, and property risks.
Patriot Select, formerly Anchor Property & Casualty, exits Florida's regulatory supervision and plans to assume 39,000 policies from Citizens in a strategic market move under recent insurance reforms.
Explore recent U.S. insurance developments covering AI use in underwriting, wildfire risk mapping, data security breaches in auto insurance, environmental health concerns, and regulatory actions affecting property and environmental risk insurance.
Mangrove Property Insurance takes on 30,000 policies from Florida's Citizens Property Insurance as part of state-mandated depopulation to shift risk to private insurers. The move reflects ongoing regulatory approval and market adjustments in Florida's property insurance sector.
Explore how the cancellation of homeowner insurance coverage by Farmers Insurance in Oregon underscores the challenges in fire-prone areas and the broader implications for the U.S. insurance market.
Bipartisan members of the U.S. House introduce legislation to prevent the expiration of the National Flood Insurance Program, aiming to stabilize flood insurance coverage until 2026.
Explore Gallagher's insights on the evolving U.S. property and casualty insurance market for 2025, highlighting property rate declines and ongoing casualty challenges due to rising costs and social inflation.
