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News
New York proposes prior approval for all auto insurance rate hikes
3+ day, 21+ hour ago (416+ words) New York regulators have proposed requiring auto insurers to obtain prior approval before implementing any increase in private passenger insurance rates. The New York State Department of Financial Services said the change forms part of auto insurance reforms included in…...
NFIP subsidies remain concentrated in Florida and higher-value properties
3+ day, 22+ hour ago (719+ words) In 2021, FEMA introduced Risk Rating 2.0, the National Flood Insurance Program still carries about $2.6 bn in annual premium subsidies, according to Neptune Flood Research Group. The remaining discounts are concentrated heavily among long-standing policyholders, non-primary residences and higher-value properties. FEMA introduced…...
Former Alabama sheriff's deputy indicted in $24 mn life insurance fraud case
1+ week, 2+ day ago (349+ words) Federal prosecutors have indicted a former Lawrence County sheriff’s deputy and his wife in an alleged life insurance fraud scheme involving stolen personal information. Brandon Hood and Heather Lynn Hood, also known as Heather Bolan, face charges of conspiracy to…...
Federal officials promote CHOICE health insurance model in Indiana
1+ week, 2+ day ago (810+ words) Federal officials are pointing to Indiana employers as examples of how businesses are using individual health insurance arrangements instead of traditional group plans. Centers for Medicare & Medicaid Services Administrator Mehmet Oz visited Indiana on Thursday to promote the newly branded…...
Florida judge dismisses Lighthouse investor lawsuit over Hurricane Ida losses
1+ week, 2+ day ago (460+ words) A Florida judge has effectively dismissed a lawsuit accusing former Lighthouse Property Insurance executives of misleading investors about losses tied to Hurricane Ida. Orange County Circuit Judge Chad Alvaro granted summary judgment on Aug. 31 in favor of former Lighthouse CEO…...
Kansas insurance regulators recover nearly $29 mn for consumers
1+ week, 2+ day ago (338+ words) The Kansas Department of Insurance closed more than 3,000 consumer complaints across six major insurance lines in 2025. Its Consumer Assistance Division recovered nearly $29 mn for policyholders, representing a 147% increase from 2024. Complaints covered auto, health, homeowners and renters insurance, along with life,…...
Philadelphia residents get 15% NFIP flood insurance discount
1+ week, 2+ day ago (384+ words) Philadelphia residents now receive a 15% discount on eligible flood insurance policies issued through the National Flood Insurance Program. The discount took effect in April 2026 and applies automatically to qualifying policies across the city. The reduced NFIP rates are expected to…...
US Employer Healthcare Costs Set to Rise in 2027
2+ week, 5+ day ago (1339+ words) Aon projects US employer healthcare costs will rise 9.5% in 2027, taking average annual spending above $19,000 per employee. The forecast extends a run of healthcare cost increases approaching double digits for a fourth consecutive year. Employers have faced one of the longest…...
Lockton launches US Aviation Practice led by Taylor Anderson
2+ week, 5+ day ago (419+ words) Lockton has launched a dedicated US Aviation Practice, creating a national platform for aviation and aerospace clients facing more demanding operational, regulatory, geopolitical and insurance market conditions. The brokerage also appointed Taylor Anderson as US Aviation Practice Leader. Lockton, the…...
WTW sues Lockton over alleged raid on construction insurance team
2+ week, 5+ day ago (454+ words) Insurance broker Willis Towers Watson has sued rival Lockton Companies and 18 former employees over what WTW describes as a coordinated raid on its Northeast construction insurance business. According to a complaint filed in Superior Court in Boston, 18 members of WTW’s…...