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News
Kansas insurance regulators recover nearly $29 mn for consumers
19+ hour, 7+ min ago (338+ words) The Kansas Department of Insurance closed more than 3,000 consumer complaints across six major insurance lines in 2025. Its Consumer Assistance Division recovered nearly $29 mn for policyholders, representing a 147% increase from 2024. Complaints covered auto, health, homeowners and renters insurance, along with life,…...
Texas orders insurance reforms as homeowners premiums rise 79%
1+ week, 3+ day ago (549+ words) Texas Gov. Greg Abbott has ordered state insurance regulators to take immediate steps aimed at reducing costs after homeowners premiums rose sharply across Texas. The average annual homeowners insurance premium in Texas increased 79% over six years, Abbott said. He directed…...
Illinois gives insurance regulator power over home and auto insurance rates
3+ week, 3+ day ago (649+ words) Illinois Governor J.B. Pritzker signed legislation giving the state’s insurance department new authority to object to home and auto insurance rates it finds excessive, inadequate or unfairly discriminatory. The measures, HB 4273 and SB 714, allow the Illinois Department of Insurance to review…...
Delayed home insurance claims add $8.8 mn daily, report says
3+ week, 3+ day ago (266+ words) Even short delays in home insurance claims add millions of dollars in investment income for insurers. For every extra day home insurance claims remain unpaid, the industry earns another $8.8 mn in interest and investment income, according to Weiss Ratings and…...
California wildfire insurance reform should focus on risk reduction
3+ week, 3+ day ago (512+ words) California’s homeowners insurance market is facing growing pressure as wildfire losses push insurers to raise premiums, restrict coverage and withdraw from higher-risk areas, according to the Environmental Defense Fund (EDF). The effects extend beyond insurance. Homeowners coverage is generally required…...
US homeowners insurance non-renewals surge
3+ week, 3+ day ago (496+ words) Rising homeowners insurance premiums have forced mn of American property owners to rethink household budgets over the past two years. A new analysis from the National Association of Insurance Commissioners suggests pricing pressure isn’t the only threat. Coverage availability is…...
Oklahoma lawmakers study rising home insurance costs
4+ week, 2+ day ago (249+ words) Oklahoma lawmakers will examine why homeowners insurance costs keep rising across the state, where premiums rank among the highest in the US. State Reps. Stacy Jo Adams, a Duncan Republican, and Chris Sneed, a Fort Gibson Republican, will lead an…...
Florida home insurance rates fall in 51 counties as the hurricane season continues
4+ week, 2+ day ago (400+ words) Florida regulators say home insurance rates have fallen in 51 counties so far in 2026 as the hurricane season continues. The Florida Office of Insurance Regulation reported the decreases as lawmakers argue that 2022 insurance reforms have started to repair the state’s stressed…...
Louisiana home insurance rates show signs of stabilization
4+ week, 2+ day ago (565+ words) Louisiana’s homeowners insurance market is beginning to stabilize after several years of steep premium increases. Louisiana Insurance Commissioner Tim Temple said the numbers show progress, though policyholders still pay too much. State data shows the average homeowners insurance rate change…...
Green Shield expands home insurance program and launches Compass agent portal
1+ mon, 1+ day ago (447+ words) Green Shield Risk Solutions expanded Guardian Elite Home, its non-admitted homeowners program for affluent primary and secondary residences in California and Colorado. The MGA also launched Compass, a digital agent portal built to simplify quotes, submissions and account management. The…...