Insurance

Illinois attorney general files lawsuit against State Farm

Oct. 15—Illinois Attorney General Kwame Raoul has filed a lawsuit against State Farm, claiming the insurance company failed to comply with a regulatory examination into its nationwide homeowners in...

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TRIPLE-I'S ISSUES BRIEF EXPLAINS BENEFITS, ADDRESSES MISCONCEPTIONS OF RISK-BASED PRICING IN INSURANCE

The following information was released by the Insurance Information Institute: The Insurance Information Institute (Triple-I) has published a comprehensive Issues Brief addressing common miscon...

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AM Best Affirms Credit Ratings of Operating Subsidiaries of Essent Group Ltd.

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the operating subsidiaries of Es...

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Triple-I’s Issues Brief Explains Benefits, Addresses Misconceptions of Risk-Based Pricing in Insurance

MALVERN, Pa.--(BUSINESS WIRE)-- The Insurance Information Institute (Triple-I) has published a comprehensive Issues Brief addressing common misconceptions about risk-based pricing in property/cas...

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AM Best Affirms Credit Ratings of The West of England Ship Owners Mutual Insurance Association

AMSTERDAM--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The West of England Ship Owners Mut...

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Uninsured drivers are on the rise: Are you protected?

Uninsured drivers are on the rise: Are you protected? The National Highway Traffic Safety Administration has reported that the United States experiences millions of motor vehicle accidents every y...

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Tariffs drive contents claims higher for property/casualty insurers

Tariffs are rewriting the math of content claims. Higher costs for consumer goods are impacting the cost of property/casualty insurers paying claims for contents of homes that are damaged or destro...

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Wife denies plotting to kill husband to claim his £124,000 life insurance

Michelle Mills (left) is accused of conspiring to kill her husband Christopher (centre) alongside Geraint Berry (right) (Picture: Wales News Service) A woman has denied conspirin...

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Dave Ramsey, AARP raise red flag on Medicare; changes coming soon

The Annual Enrollment Period (AEP) for Medicare, which runs from Oct. 15 to Dec. 7, is the designated time for individuals already enrolled in Medicare to review their coverage. During this window,...

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ATTORNEY GENERAL RAOUL SUES TO FORCE STATE FARM TO TURN OVER HOMEOWNERS INSURANCE DATA TO ILLINOIS DEPARTMENT OF INSURANCE

The following information was released by the office of the Illinois Attorney General: Attorney General Kwame Raoul filed a lawsuit against State Farm Fire and Casualty Insurance Company, State ...

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AM Best Affirms Credit Ratings of European Liability Insurance for the Nuclear Industry

AMSTERDAM--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of European Liability Insurance for th...

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Study looks at high cost of homeowners insurance in Oklahoma

Senate Democratic Leader Julia Kirt (D-Oklahoma City) recently led an interim study at the State Capitol looking at the increasing cost of homeowners insurance in Oklahoma. Kirt said she requested ...

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Oklahoma's AG calls homeowner's insurance rates unacceptable

OKLAHOMA CITY (KFOR) — Oklahoma Attorney General Gentner Drummond is challenging Oklahoma's homeowners' insurance rates. He is inviting Oklahoma Insurance Commissioner Glen Mulready to make change...

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Illinois quick hits: State Farm sued; ag education grants announced; 'Operation Summer Heat' results

State Farm sued The state of Illinois is suing Illinois-based State Farm insurance, alleging the company refused to comply with a regulatory examination of its nationwide homeowners insurance busi...

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Drone photos could put homeowners’ coverage at risk

Insurance companies are increasingly turning to drones and aerial photography to monitor properties using images that are fast, cost-effective and provide insurers with a wide view of rooftops and ...

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SUPERINTENDENT HARRIS SECURES MORE THAN $19 MILLION FROM AUTO INSURANCE COMPANIES OVER DATA BREACHES

The following information was released by the New York State Department of Financial Services (DFS):DFS's Industry-Wide Investigation Revealed Cybersecurity Failures that Contributed to Exposure of...

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SimonMed Data Breach Exposes 1.2 Million Patients Sensitive Information

SimonMed Imaging, a leading U.S. provider of outpatient medical imaging services, has disclosed a major cybersecurity incident that compromised the personal and health data of approximately 1.2 mil...

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Judge voids $187M Hurricane Sally appraisal, tightening rules for insurance loss estimates

It was the largest damage award in insurance appraisal history. Then it collapsed. The case could have ripple effects across the industry, reshaping how appraisals are conducted and challenged. Th...

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FEMA approves revised flood map for Shamokin, saves money for property owners

SHAMOKIN — The Federal Emergency Management Agency (FEMA) has approved Shamokin's revised flood insurance map prepared by an engineering firm, Betsy Kramer, SEDA-COG program manager for community r...

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INTX Launches ReinsureConnect Software at ITC Vegas 2025, Revolutionizing Ceded Reinsurance Management

Delivering Treaty and Facultative Automation, Full Contract Management, Accounting, and Real-Time Treaty Logic for Faster, More Accurate Reinsurance Processing AUSTIN, Texas--(BUSINESS WIRE)-...

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MetLife Pet Insurance Honors “The Bond Between” with the Golden Beagle Award for Outstanding Animal Welfare Contributions

MetLife Pet Insurance and the Association of Animal Welfare Advancement recognize the organization for its impact on the lives of animals in the Minneapolis area NEW YORK--(BUSINESS WIRE)-- ...

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