Insurance News

Transaction to conclude by Q4 2024 Mutual Capital Group (MCG) and ICC Holdings, parent company of Illinois Casualty Company, have announced a definitive merger agreement. Under the agreement, MCG will

One group points to higher spending, inflation, while the other blames climate change The US Senate Budget Committee held a hearing to discuss the insurance crisis affecting homeowners nationwide, with

Organization focused on breaking the cycle of generational poverty Erie Insurance has announced a $1 million donation to United Way of Erie County, a social impact organization focused on breaking

Higher reinsurance costs for property remains a major concern The US personal insurance sector is poised for improved underwriting performance in 2024, according to Fitch Ratings.  » Read More

Austin residents can now receive up to a 25% discount on their flood insurance thanks to the city’s upgraded Community Rating System score from the Federal Emergency Management Agency (FEMA).

North Carolina Insurance Commissioner Mike Causey has settled on an 8% average rate increase for dwelling insurance policies, starting Nov. 1. The North Carolina Rate Bureau, basing its request on

A recent report from The U.S. Chamber of Commerce Institute for Legal Reform (ILR) has found that nuclear verdicts of $10 million or more are on the rise. Looking at

California’s Central Valley will have another round of searing temperatures that will boost energy demand this week, reaching a high of 103F (39C) in Sacramento on Tuesday. A heat advisory

AM Best delivers the verdict following various market developments AM Best has revised its outlook for the global reinsurance segment to positive from stable, signaling clear sailing ahead for the

Swiss Re CEO exits the role The Geneva Association has announced that Lee Yuan Siong (pictured above), group chief executive and president of AIA, was appointed chairman of the organization,