News
New insurance study shows Florida tort reforms are working - Florida
4+ hour, 10+ min ago (262+ words) A new report shows recent Florida tort reforms are delivering significant benefits to consumers, job creation and the state's overall business climate. The report by the American Property Casualty Insurance Association highlights a new economic analysis from The Perryman Group…...
Lawmakers call for expanding California FAIR insurance plan - California
4+ week, 2+ day ago (489+ words) (The Center Square) " California lawmakers called Wednesday for the state's "insurer of last resort," the California FAIR Plan, to evolve to insure more properties throughout the state. The remarks come after years of the number of FAIR Plan policyholders climbing…...
Allstate homeowners rate hike sparks debate over Illinois insurance oversight - News
1+ mon, 2+ week ago (529+ words) (The Center Square) " Illinois homeowners could see their insurance bills rise again after Allstate filed a $58 million rate increase affecting nearly 300,000 policyholders, reigniting a debate over whether the state should tighten oversight or risk government overreach in the insurance market....
WATCH: Illinois House rejects home insurance bill GOP says would raise rates - Illinois
3+ mon, 3+ week ago (386+ words) (The Center Square) " Illinois Republicans say a state Senate proposal to regulate homeowners insurance rates failed to address the reasons for higher premiums. House Bill 3799 would require home insurance providers to notify consumers at least 60 days in advance if they…...
Two from Congress say climate change hitting homeowners insurance, mortgages - North Carolina
4+ mon, 1+ week ago (427+ words) (The Center Square) " Climate change is impacting rising insurance rates and access to mortgages, says two members of Congress from North Carolina and Rhode Island. "Climate change is now hitting family pocketbooks and in a big way," said Sen. Sheldon…...
Landry, Insurance Department split on why Louisiana rates are dropping - Louisiana
6+ mon, 1+ week ago (486+ words) (The Center Square) " Louisiana drivers are beginning to get lower auto insurance costs in 2025, with Gov. Jeff Landry and Insurance Commissioner Tim Temple offering starkly different explanations for why. The Louisiana Department of Insurance announced this week that more than…...
Florida senators introduce Flood Insurance Relief Act - Florida
7+ mon, 1+ week ago (231+ words) (The Center Square) " Florida U.S. Sens. Rick Scott and Ashley Moody introduced a bill on Thursday that would provide tax relief on flood insurance premiums. The Flood Insurance Relief Act would provide a nonrefundable tax deduction on flood insurance premiums paid…...
State Farm faces backlash over $523 million insurance rate hike in Illinois - News
7+ mon, 2+ week ago (435+ words) (The Center Square) " State Farm's plan to raise homeowners insurance rates by more than half a billion dollars in Illinois has reignited calls from consumer advocates to overhaul how the state oversees insurance rates. "Home insurance rates are on the…...
Illinois quick hits: State Farm home insurance rates rising - Illinois
7+ mon, 2+ week ago (211+ words) State Farm home insurance rates rising Consumer advocacy groups are calling for government oversight of home insurance rates ahead of Bloomington-based State Farm increasing rates 27% next month. Illinois Public Interest Research Group said 1.5 million Illinois policy holders could see annual…...
Op-Ed: New insurance rate regulation law could undercut tort reform gains - Opinion
8+ mon, 2+ week ago (331+ words) For too long, Louisiana families have paid more for auto and home insurance than nearly anyone else in the country. One major reason for the inflated costs? A broken legal system that encourages too many lawsuits, fueled in part by…...