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Oklahoma Insurance Producer Has License Revoked Following Investigation
5+ hour, 10+ min ago (218+ words) The Oklahoma Insurance Department (OID) announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, Oklahoma, following an investigation led by its Anti-Fraud Unit. On Feb. 11, 2026, a show-cause hearing was held at OID's…...
Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance
5+ hour, 57+ min ago (245+ words) Insurance industry trade associations are applauding a decision to change the homeowners insurance required by Fannie Mae and Freddie Mac, which the trades said will lower costs for homeowners and buyers. The Federal Housing Finance Agency this week announced the…...
Is a Federal Reinsurance Backstop the Answer to Home Insurance Challenges?
1+ day, 7+ hour ago (450+ words) The Brookings Institution's Hamilton Project has released a proposal for a federal reinsurance backstop called US Re to leverage federal borrowing capacity and stabilize the country's homeowners insurance market. "Properly constructed, US Re could improve resilience while maintaining the benefits…...
Florida's Home Hardening Grant Plan is Massive, Popular—and Broken, Critics Say
1+ day, 16+ hour ago (728+ words) Florida's $833 million My Safe Florida Home mitigation program is as popular as ever, providing grants for homeowners to harden their homes and install new roofs. But it's wasteful, is a tax-dollar giveaway, and has some glaring issues that do little…...
US Home Insurance Prices Set to Keep Rising With Severe Weather
2+ day, 7+ hour ago (340+ words) US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected to increase 4% to about $3,057 this year, after jumping…...
JD Power: Homeowners Claims Satisfaction Rises as Repair Times Improve
2+ day, 12+ hour ago (317+ words) A combination of faster repair and payment cycle times, along with enhanced digital capabilities, has helped drive significant improvements in the overall customer experience with the property claims process in the United States. JD Power reported those findings while announcing…...
Insurer Wants Its $3.5M Back Because City Delayed Reporting Claims for 5 Years
3+ day, 16+ hour ago (417+ words) The city of New Haven's insurance company is insisting that the city pay back the $3.55 million the insurer paid to settle claims over a 2019 rooming house fire in which two people were killed. Pennsylvania Manufacturers Association Insurance Co. has alleged…...
Even Low-Risk Homes Are Caught Up in California's Climate Insurance Crisis
4+ day, 4+ hour ago (526+ words) As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state's insurer of last resort. "What we're seeing is that the…...
Former Oklahoma Farmers Agent Accused of Sharing Confidential Data in Lawsuit
4+ day, 4+ hour ago (357+ words) Farmers Insurance alleges in a lawsuit that a former agent in Oklahoma conspired to move Farmers" insureds to other insurance companies, including an agency where his wife works. Farmers alleges that Bradley McKinney broke his Agent Appointment Agreement with Farmers…...
'Nation's First' Smoke Damage Standards Bill Wending Through California Legislature
1+ week, 2+ hour ago (334+ words) A bill to create a statewide framework for handling wildfire smoke damage insurance claims is now making its way through California Legislature. The Smoke Damage Recovery Act, which primary backer Insurance Commissioner Ricardo Lara said stems from the recovery process…...