8+ hour, 40+ min ago  (488+ words) The U.S. National Flood Insurance Program is more than $20 billion in debt as flood events increase in frequency and geographic reach. At the same time, researchers say outdated flood prediction methods are compounding financial strain on the program and exposing property…...

3+ week, 5+ day ago  (448+ words) The Senate Business and Insurance Committee on Thursday approved Senate Bill 1435 by a 5-3 vote. Senate Minority Leader Julia Kirt, D-Oklahoma City, authored the measure. The bill would bar insurance companies from considering credit information when setting rates. Credit history currently…...

1+ mon, 1+ day ago  (453+ words) Florida Insurance Commissioner Mike Yaworsky has approved additional auto insurance rate cuts heading into 2026. USAA filed an average 7% decrease in auto insurance rates, which will take effect by May 2026. The reduction is expected to generate more than $125 million in estimated…...

1+ mon, 5+ day ago  (525+ words) Some wildfire survivors reported significant delays after filing claims, even in cases of total loss. While initial payments for temporary living expenses were issued promptly, subsequent stages of the claims process slowed. These experiences align with findings from the Department…...

1+ mon, 1+ week ago  (545+ words) Winter storms in the South are becoming more frequent and severe, exposing vulnerabilities in homes that Southern builders never designed for prolonged freezing temperatures. For insurance professionals, these events highlight a critical opportunity " helping clients understand where risks exist and…...

1+ mon, 3+ week ago  (127+ words) California insurance regulators and lawmakers have introduced new legislation aimed at accelerating insurance claim payments and strengthening consumer protections in the aftermath of major disasters. Commissioner Lara stated that the goal of the legislation is to establish a regulatory framework…...

1+ mon, 3+ week ago  (329+ words) Despite visible progress, disaster recovery experts estimate rebuilding could take five years or longer, even with streamlined permitting and suspended fees. While construction activity has increased, displacement remains widespread. More than 70 percent of residents who were displaced remain unable to…...

1+ mon, 4+ week ago  (613+ words) This shift reflects a broader strategy to stabilize costs, reduce claim severity, and maintain coverage availability, particularly in higher-risk regions. As a result, prevention technology has become an operational and underwriting consideration rather than a consumer novelty. Insurers have long…...

2+ mon, 6+ day ago  (698+ words) Beginning January 1, 2026, Nevada home insurers will be permitted to remove wildfire coverage from standard homeowners policies. The new law, passed by the Nevada Legislature this fall, clarifies that insurers have statutory authority to exclude wildfire losses while also allowing them…...

6+ mon, 8+ hour ago  (468+ words) The Florida Office of Insurance Regulation (OIR), under Commissioner Mike Yaworsky, has announced penalties totaling $2,075,000 against eight insurance companies. The fines stem from market conduct examinations into claims-handling practices following Hurricanes Ian and Idalia. Two additional examinations are still pending…...