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INSURANCE NEWS
Indiana AG: Rental Home Operator to Pay $48M Settlement
Indiana Attorney General Todd Rokita on Tuesday announced a settlement with Progress Residential, LLC and Pretium Partners, LLC, one of the nation’s largest owners and operators of single-family rental homes, resolving allegations that the companies engaged in deceptive and unfair …
AM Best Revises Outlook to Stable for Members of Texas Farm Bureau Insurance Group
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+” (Good) for the members of Texas …
SpaceX Plans $24 Billion Data Center and Gas Plant in Texas
SpaceX plans to construct, own and operate a gas-fired power plant and super-compute facility at its company town in Starbase, Texas, according to a notice of a public hearing on the city’s website. The estimated investment for the initial phase …
DUAE Growth Expected to Moderate; Outlook Stable: AM Best
AM Best is maintaining its stable outlook for the delegated underwriting authority enterprise (DUAE) segment, citing continued premium growth, strong demand for specialty expertise and technology, and a growing emphasis on underwriting discipline and governance. The segment recorded its fifth …
Global Climate Talks Open With Big Questions, Smaller Goals
Climate negotiators from almost 200 countries will spend the next two weeks at an annual United Nations summit under a dark cloud of waning ambition to tackle rapidly rising global temperatures. The negotiating agenda at COP31, which opened Monday in …
Impersonation Top Scam Handled by Allstate
Nearly 60% of scam cases handled by Allstate between January through September 2026 involved impersonation, according to stats provided by the insurer. Scammers posing as trusted people or organizations, such as banks, law enforcement agencies, delivery companies or family members, …
Five Weeks After Isaias, 68,000 Claims and $736M in Losses, Florida Carrier Data Show
Property insurance claims from Hurricane Isaias have so far reached 68,000, totaling $736 million in losses, putting the Oct. 9 storm in line with Hurricane Sally, a minor storm that hit the same Panhandle area in 2020. The Florida Office …
Insurtech Lemonade Posts $43.7M Loss for Q3
Insurtech Lemonade reported a third quarter 2026 net loss of about $43.7 million compared with a loss of about $37.5 million during the same time in 2025. For the nine months ended Sept. 30, Lemonade has posted a net loss …
Maryland’s CIS Group Joins Ensurise
Independent insurance brokerage Ensurise, LLC announced that CIS Group has officially joined its organization. The merger was effective October 30, 2026. Terms were not disclosed. CIS Group, of Rockville, Maryland, is an independent insurance brokerage serving the Washington, D.C. metropolitan …
Top UK Regulator Says Banks Are Trimming AI Risk as Alarm Grows
UK banks have begun trimming exposure to artificial intelligence as alarm mounts about a brutal correction in the sector, according to the Bank of England’s top supervisor. In her first interview since taking over the Prudential Regulation Authority in July, …
Billionaire Tax Measure on California Ballot Defeated
A billionaire tax that U.S. Senator Bernie Sanders and other progressives championed as an antidote to economic inequality and a potential model for the rest of the country was defeated in California, U.S. media projected. Proponents had estimated Prop 40 …
Measles Cases in Pennsylvania Now Surpass 1,500: State Health Department
The number of measles cases in Pennsylvania reached 1,505 as of Monday, up 18 from the previous update on Friday, as the state battles its worst outbreak of the disease in years. Here are more details: Pennsylvania reported 73 new …
