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Agents Struggle to Find Capacity, Meet Customer Timing Expectations: Survey
A new property/casualty insurance industry survey report reveals some of the key challenges that independent agents are facing, including providing quotes within customers’ expected time frames—or finding insurance capacity at all in some areas. Almost nine-out-of-10 agents surveyed by First …
POSTED OCTOBER 15, 2025 5:11 AM |
Viewpoint: Can Parametric Insurance Bridge the FEMA Gap?
The way communities nationwide recover from natural disasters may never be the same. The National Flood Insurance Program (NFIP) expired on September 30. Simultaneously, pending congressional legislation stands to transform the Federal Emergency Management Agency’s (FEMA) Public Assistance (PA) program. …
POSTED OCTOBER 15, 2025 5:04 AM |
Miss. Supreme Court Won’t Budge on $15M Bad-Faith Decision Against USAA
The Mississippi Supreme Court this month declined to reconsider its 2024 decision to uphold almost $15 million in punitive damages and attorney fees against USAA in one of the longest-running claims disputes to come out of Hurricane Katrina. The court …
POSTED OCTOBER 15, 2025 5:02 AM |
Insureds Need Early ACV Estimate to Claim Breach of Contract, Fla. Appeals Court Says
In what is being seen as a significant win for property insurers, a Florida appeals court last week found that Universal Property and Casualty Insurance Co. did not breach the insurance contract when it paid just $8,125 on a homeowner’s …
POSTED OCTOBER 15, 2025 5:01 AM |
California Reports $6.7B Economic Impact From Diverse Businesses in Insurance Industry
A new economic impact report from the California Department of Insurance shows that insurance companies contracting with small and diverse-owned businesses contributed a total economic output of $6.7 billion to the state’s economy, supporting more than 29,000 jobs and generating …
POSTED OCTOBER 15, 2025 5:00 AM |
California Oil Workers Face Uncertain Future in State’s Energy Transition
Thirty years ago, Willie Cruz was shocked when he learned the Southern California oil refinery where he worked was shutting down. Cruz, now a 61-year-old living in Arizona, had spent five years working in the environmental department when Powerine Oil …
POSTED OCTOBER 15, 2025 5:00 AM |
South Dakota Farmers Use Farm Tunnels for Longer Growing Season
When snow covers the frozen ground, and most South Dakota farmers have sold or stored their products for the season, the operators of Cedar Creek Gardens are still able to grow vegetables and harvest a lucrative crop. Located in a …
POSTED OCTOBER 14, 2025 4:32 PM |
Wisconsin Contractor Fined for Acting as a Public Adjuster
Wisconsin Insurance Commissioner Nathan Houdek issued a final decision to impose civil forfeitures of $6,000 after finding that a contractor was acting as a public adjuster under Wisconsin law, which subjected him to the standards of Wis. Stat. ch. 629, …
POSTED OCTOBER 14, 2025 4:20 PM |
Camp Owners in Texas Fear Closure Due to New Safety Regulations
Texas camp owners on Friday urged the state health agency to give them more time and flexibility on costly new safety requirements, saying they could be forced to close by next summer. “We support the goal of making camps safer,” …
POSTED OCTOBER 14, 2025 3:53 PM |
Texas Water Crisis Threatens Booming Industrial Hotspot for Exxon, Koch
Water shortages in South Texas are posing major risks to a fast-growing industrial hub that’s crucial to President Donald Trump’s twin goals of dominating global energy markets and slashing trade deficits. Corpus Christi, a Gulf Coast city 400 miles (640 …
POSTED OCTOBER 14, 2025 3:47 PM |
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