Latest Property and casualty insurance providers News

Louisiana insurance commissioner faces intraparty challenger

Sep. 16, 2019 3:58 PM EDT

BATON ROUGE, La. (AP) — The Louisiana insurance commissioner's race on the Oct. 12 ballot is a competition between two Republicans, the one who's held the job for more than a decade and an opponent who says the state's insurance climate has worsened during that tenure. Jim Donelon, a former state lawmaker...

State Farm to cut its auto insurance rates in Louisiana

Sep. 5, 2019 4:19 PM EDT

BATON ROUGE, La. (AP) — One of Louisiana's largest auto insurers plans to cut its rates for drivers, starting in November. State Farm announced Thursday that it will drop car insurance rates for more than 1 million policyholders by 2.6%. The insurer says that will be the fourth rate reduction in two years,...

How homeowners can begin to recover from hurricane damage

Sep. 2, 2019 12:07 AM EDT

NEW YORK (AP) — With the National Hurricane Center warning that Dorian could inflict destructive storm surges and dangerous winds along the coasts of Florida, Georgia and the Carolinas, billions of dollars in damage could be caused to homes and other property in its path. Insurance industry experts say...

Tesla heads down new road with car insurance in California

Aug. 28, 2019 8:00 PM EDT

SAN FRANCISCO (AP) — Tesla owners in California can now buy insurance from the electric car company in what may be the first step toward the unconventional automaker providing coverage for a fleet of driverless taxis. The expansion announced Wednesday comes four months after Tesla CEO Elon Musk told...

California insurers drop policies in high-fire risk areas

Aug. 21, 2019 5:49 PM EDT

SACRAMENTO, Calif. (AP) — New California data shows insurance companies declined to renew nearly 350,000 home insurance policies in areas at high risk for wildfire since the state began collecting data in 2015. The data released this week did not say how many people who lost their insurance were able to...

San Jose mayor wants gun owners to get liability insurance

Aug. 13, 2019 1:43 PM EDT

SAN JOSE, Calif. (AP) — The mayor of San Jose has proposed requiring gun owners in the nation's 10th largest city to carry liability insurance to cover taxpayer costs associated with firearm violence. If approved, Mayor Sam Liccardo's strict new measure proposed Monday would be the first of its kind in the...

In a state with crumbling home foundations, relief arrives

Jul. 29, 2019 9:32 AM EDT

VERNON, Conn. (AP) — After worrying for years about the foundations crumbling beneath their houses, hundreds of suburban homeowners in a large swath of eastern Connecticut are getting help from the state to salvage properties that had been doomed by bad batches of concrete. The homes are being lifted,...

A quick look at business insurance for natural disasters

Jul. 22, 2019 10:25 AM EDT

NEW YORK (AP) — With earthquakes in California and Hurricane Barry striking states along the Gulf of Mexico and in the Midwest, small business owners should look at their insurance policies and determine how well covered they'd be in the event of a natural disaster. Damage from tornadoes and the wind and...

Liz Weston: Is your wealth dripping away?

Jul. 22, 2019 9:11 AM EDT

As a spokesperson for the insurance industry, Loretta Worters often gives tips to homeowners on preventing water damage. Some of her knowledge comes from personal experience. Worters says she had owned a home in Bellmore, New York, for only a month when she noticed the clothes washer in the basement was taking an...