Property and casualty insurance (P&C insurance) news are types of coverage that help protect you and the property you own. Property insurance helps cover stuff you own like your home or your car. P&C insurance is focused on risks that result in loss to property and possessions. Some examples of this include: Auto insurance, which covers losses to individuals and property due to accidents and other unforeseen events.
Representatives Rick W. Allen, Earl L. “Buddy” Carter and Sanford Bishop have introduced bipartisan legislation aimed at reforming the federal Hurricane Insurance Protection
Federal Emergency Management Agency has released draft versions of updated flood maps that could alter flood insurance requirements for homeowners
US property and casualty insurance market to continue softening through 2026 as competition intensifies, capital remains plentiful, and pricing pressure builds
Property insurance costs in Louisiana keep grinding higher, and homeowners feel it fast, especially in New Orleans.
The January 2025 wildfires in Los Angeles turned into an unplanned stress test for how insurers measure wildfire risk
Karen Clark and Company estimated privately insured losses from Winter Storm Fern at $6.7 bn. The storm spread snow and ice across more than 30 US states
Policyholders at Citizens Property Insurance Corp. will receive an average statewide homeowners rate reduction of 8.7%
Illinois homeowners could see insurance bills climb again after Allstate filed a $58 mn homeowners rate increase covering close to 300,000 policyholders
Weekend winter storm affecting more than 200 mn people across over 24 states will generate total damage and economic losses between $105 bn and $115 bn
New Mexico lawmakers are weighing a bill that would expand property insurance obligations after wildfires. The proposal would require policies covering wildfire insurance losses
Kansas Insurance Commissioner and gubernatorial candidate Vicki Schmidt is backing legislation that would let residents set aside tax-free funds to pay P&C insurance bills
Hawaii homeowners face sharp insurance rate increases as carriers recalibrate pricing around wildfire exposure, hurricane risk, volcanic activity, and rising reinsurance costs
State Farm CEO Jon Farney is pressing Illinois Gov. JB Pritzker to block legislation that would give the state power to judge whether homeowners insurance rates run too high
Total insured losses for the year reached an estimated $129 bn, roughly 5% below the average recorded between 2015 and 2024
Oregon lawmakers are debating a proposal intended to ease mounting pressure in the state’s home insurance market by forcing insurers to recognise wildfire prevention work
Insurance Commissioner Ricardo Lara ordered insurers to maintain residential property coverage for more than 147,000 California policyholders following the Gifford Fire
The Kansas Department of Insurance recovered $56.7 mn for Kansas residents in 2025, according to Insurance Commissioner Vicki Schmidt. The figure reflects funds returned
US homeowners face chronic underinsurance as LA wildfire losses mount. A year after the Los Angeles wildfires, many survivors still face the same hard math. Insurance payouts fall short of rebuilding costs
Reinsurance is moving into a structurally different phase as capacity sourcing and management change at system level, driven by granular analytics, deeper technology uptake
House Bill 1349 would require the hurricane fund to set its base retention at $8.5 bn, nearly doubling the $4.5 bn level required under current statute.
Property buyers closed year-end renewals with double-digit cuts as reinsurance eased, catastrophe losses stayed muted, and competition intensified across US and Bermuda markets
A bill filed in the Florida House of Representatives would revise how the Florida Hurricane Catastrophe Fund sets its industry-aggregated retention and calculates participating insurers’ retention
Global P&C insurance doubled to $2.4 tn in 20 years. Swiss Re expects premiums to nearly double again by 2040 as reinsurance and competition expand
Nearly a year after Louisiana repealed its three-year homeowner protection rule, only one insurer has canceled policies, suggesting market stress runs deeper
Nevada will allow home insurers to exclude wildfire losses starting 2026, pushing standalone wildfire policies and raising questions for California and other states
Allstate filed for new Illinois homeowners rate increases up to 10.4%, adding $47.2 mn in premium as weather losses and repair costs keep climbing.
Swiss Re sees global GDP growth easing to 2.3% in 2025 and 2.4% in 2026 as US tariffs curb trade, rattle markets, lift US claims costs, and cool premium growth
Brooke L. Rollins has announced sweeping changes to federal crop insurance, cutting administrative friction, updating long-standing rules, and widening access to risk protection
Calling rising wildfire-driven insurance costs an urgent problem, a new report from Headwaters Economics and the Columbia Climate School lays out options to ease the growing financial strain
Florida Office of Insurance Regulation has approved six insurers to assume slightly more than 124,000 policies from Citizens Property Insurance Corp., extending a depopulation trend
Rising homeowners insurance premiums are becoming a significant new pressure point for Colorado’s already strained housing market, reshaping affordability calculations
Insurers have paid more than $22.4 bn on wildfire claims tied to the Los Angeles wildfires that erupted on Jan. 7 last year, according to California Department of Insurance
Insurance agents across Louisiana say the state’s battered insurance market is easing back toward something workable. Homeowners, though, often tell a different story
Neptune Flood, a U.S.-based private flood insurance company that uses advanced data analytics and digital platforms to provide flood coverage to homeowners and businesses
NAIC’s RBC task force approves updated principles guiding risk-based capital use, with debate over how capital rules apply across insurance lines
Nearly half of Texas homeowners insurance claims closed without payouts in 2025 as deductibles rise, coverage narrows, and costs shift to policyholders
FEMA will release $350 mn to local governments and electric cooperatives to reimburse disaster response costs from Hurricane Helene and Tropical Storm Debby
Congress pushes the NFIP into Jan. 2026, reopening stalled transactions while lawmakers and insurers renew calls to overhaul FEMA’s structure
Citizens drops below private carriers in Florida after shedding 900,000 policies, as competition returns and average rate increases stay under 1%
Insurance costs for New York rent-stabilized buildings jumped 150% since 2019, squeezing owners as a proposed rent freeze raises new risks
Severe convective storm losses reached $42 bn in 9M 2025 as per-event costs jumped 31%, pushing insurers toward tighter cover and new models
Rising inflation adds $30 bn to U.S. P&C loss costs, forcing insurers to rethink pricing, claims operations, and expense discipline to protect margin
Global commercial P&C rate increases slowed to 9% in 2024 as loss ratios improved, capacity stabilized, and insurers faced inflation and new risks
Swiss Re warns inflation-driven claims severity is eroding P&C profitability despite strong pricing, with ROE gains limited through 2025
Louisiana plans statewide insurance discounts for Fortified roofs as certified projects pass 10,000 and pressure builds to cut soaring home premiums
