Editor's Picks News Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says January 22, 2025 The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in... Read More
Editor's Picks News Settlements Eclipse $40B in 2024 as PFAS, Reverse Discrimination Claims Emerge January 9, 2025 Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400... Read More
News Senate Says Climate Is Driving Insurance Non-renewals; Industry Strikes Back December 19, 2024 The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is... Read More
News US House Task Force Releases ‘Blueprint’ for Federal AI Responsibility December 18, 2024 A U.S. House of Representatives task force on artificial intelligence on Tuesday released a report of more than 250 pages... Read More
Editor's Picks News Advocacy Groups Ask FIO to Release Homeowners Insurance Data Collected by NAIC December 18, 2024 A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Insurance Office to release homeowners... Read More
Editor's Picks News After Tens of Billions in Insured Losses, Record-Breaking Hurricane Season Ends November 27, 2024 The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record,... Read More
Editor's Picks News AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’ November 25, 2024 Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to... Read More
Editor's Picks News Allstate Insurers Sue Hyundai, Kia to Pay for Claims From Defective Cars November 15, 2024 A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid... Read More
News Progressive to End Offering Dwelling Fire Insurance November 13, 2024 Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The... Read More
News Allstate Turns in Net Income of $1.2B After Q3 Hurricanes October 31, 2024 Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to... Read More