News
Florida sets new e-signature rules for auto salvage insurance claims
12+ hour, 31+ min ago (21+ words) Florida insurers face new identity verification rules for electronic signatures tied to salvage titles and certificates of destruction from July 2026...
California insurers seek home insurance rate hikes under wildfire risk model
12+ hour, 53+ min ago (605+ words) Two California home insurance providers, Travelers Insurance and the Interinsurance Exchange of the Automobile Club, seek rate increases under the state's new catastrophe modeling rules adopted in 2025. Travelers wants a 6. 9% increase for single-family homes. It also proposes rate cuts of…...
Specialty insurance rates in 2026 soften faster than expected, WTW's SIMS survey shows
14+ hour, 30+ min ago (561+ words) Specialty insurance rates declined through 2025 and during January 1, 2026 renewals, with the pace of softening moving faster than expected, according to WTW's Specialty Insurance Marketplace Survey. WTW said its insurance rate index fell by 10 points during the latest renewal period, returning…...
Hail claims disputes rise as U. S. home insurance pressure builds
1+ week, 1+ day ago (437+ words) A severe hailstorm hit Tulsa County, Oklahoma, on May 21, 2024, damaging homes with golf ball-sized ice and strong winds. Tim Willard described shingles torn from roofs and heavy ice covering yards after the storm passed, according to NPR. Weeks later, an…...
Claim Ready finds coverage gaps in 80% of home insurance policies in Georgia and South Carolina
1+ week, 6+ day ago (993+ words) Claim Ready analysis of 15 home insurance policies found recurring gaps in code upgrade, water backup, mold, liability, and rebuild protection. Insurance coverage problems rarely begin when a claim gets filed. They usually begin years earlier, when a homeowner signs a…...
Florida extends oversight of American Mobile as mobile home insurance strain deepens
3+ week, 1+ day ago (559+ words) Florida regulators have extended their supervision of American Mobile Insurance Exchange for another 120 days, marking the sixth extension in two years and signaling that the insurer's runoff process is taking longer than expected. The move comes as the state's mobile…...
Minnesota home insurance premiums jumped 34% in a year
1+ mon, 20+ hour ago (302+ words) Minnesota recorded the sharpest increase in homeowner insurance premiums in the US, with rates rising 34% over the past year, according to a new report. Julia Dreier, deputy commissioner of insurance at the Minnesota Department of Commerce, said the jump reflects…...
Sypher Insurance Exchange wins Florida permit as startup insurer targets organic growth
1+ mon, 1+ week ago (329+ words) Sypher Insurance Exchange, the startup property insurer backed by the Florida Association of Insurance Agents two years ago, has secured a permit to operate from the Florida Office of Insurance Regulation. The Tampa-based reciprocal now has until mid-May to submit…...
Oklahoma House passes insurance bill to tighten claims oversight
1+ mon, 1+ week ago (528+ words) The Oklahoma House of Representatives has passed House Bill 2933, a broad property insurance measure authored by Representative Mark Tedford, a Republican from Jenks, aimed at increasing transparency in the state's insurance market and tightening protections for policyholders during the claims…...
Illinois bill to review home and auto insurance rates moves ahead
1+ mon, 1+ week ago (699+ words) An Illinois bill giving the state Department of Insurance authority to review and approve homeowners and auto insurance rates is moving through the General Assembly, setting up a sharper fight over pricing oversight in one of the few states with…...