News
GAO: Wind Risk Linked to Larger Insurance Premium Jumps Than Wildfire
6+ hour, 12+ min ago (353+ words) A new report from the Government Accountability Office finds that average premium increases between risk levels are larger for wind than for wildfire. Between 2019 and 2024, homes in areas classified as severe or extreme wind risk had premiums about 58% higher on…...
Connecticut Weighs P/C Insurance Surcharge to Fund Local Infrastructure Resilience
15+ hour, 26+ min ago (659+ words) Connecticut lawmakers are considering placing a 5% surcharge on commercial property/casualty insurance policies for fossil fuels-related companies at a time when rising insurance premiums and utility bills are concerns. The surcharge is intended help fund local communities" efforts to fortify…...
Viewpoint: California's Surplus Lines HO Market's New Phase Driven by Access, Not Wildfire Risk
6+ day, 15+ hour ago (471+ words) It's been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article forecasting that the state's homeowners insurance market was entering a structural transition driven primarily…...
NAIC Issues Nationwide Data Call to Homeowners Insurers
6+ day, 15+ hour ago (174+ words) The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understand of the U.S. homeowners insurance markets. The data, intended to be collected at the ZIP code level, will help regulators…...
LA Utility Taps Muni Market as Buyers Weigh Wildfire Legal Risk
1+ week, 15+ hour ago (689+ words) Los Angeles" water and power utility is tapping the municipal bond market with its first offering since a judge ruled last month that the utility must face hundreds of lawsuits faulting its response to the devastating 2025 Palisades Fire. The Los…...
Study: Rebuilding LA to Wildfire Safety Standards Could Lower Future Fire Losses
1+ week, 1+ day ago (178+ words) A new analysis from the California Department of Insurance and the National Association of Insurance Commissioners shows that rebuilding the communities destroyed by the January 2025 Palisades and Eaton fires to a standard set by the Insurance Institute for Business & Home…...
Totalis Program Underwriters Acquires Home/Flood Insurance Specialist ShoreOne
1+ week, 4+ day ago (275+ words) Coastal-focused homeowners and flood insurance broker ShoreOne Insurance Managers, Inc. has been acquired by Totalis Program Underwriters, a New York specialty insurance platform that is part of NFP, an Aon company. Terms of the deal were not disclosed. However, BrightShore…...
Florida OIR Grants Permit to Startup Sypher Insurance and Takeouts for Others
1+ week, 6+ day ago (187+ words) Sypher Insurance Exchange, the startup property insurer that the Florida Association of Insurance Agents invested in two years ago, has won a permit to operate from the Florida Office of Insurance Agents. The Tampa-based reciprocal now has until mid-May to…...
Oklahoma Insurance Producer Has License Revoked Following Investigation
2+ week, 4+ day ago (218+ words) The Oklahoma Insurance Department (OID) announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, Oklahoma, following an investigation led by its Anti-Fraud Unit. On Feb. 11, 2026, a show-cause hearing was held at OID's…...
Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance
2+ week, 4+ day ago (245+ words) Insurance industry trade associations are applauding a decision to change the homeowners insurance required by Fannie Mae and Freddie Mac, which the trades said will lower costs for homeowners and buyers. The Federal Housing Finance Agency this week announced the…...