State Insurance Headlines

Karen Clark Says Isaias Losses to be $3 Billion While AM Best Calls it an Earnings Event

Claims data from Florida’s Office of Insurance Regulation had not yet been released by Thursday morning, Oct. 15, but an analytics firm estimated insured losses from Hurricane Isaias to be about $3 billion,...

Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says

...apply to AI-related risks, particularly those involving rogue agents. “We are not trying to poke insurers. We just are really trying to have a thoughtful discussion about how this might change exposures,...

Insurance has entered the fast-follower era

Insurance is entering a new phase. After years of experimentation with digital transformation, automation and now AI, the advantage is shifting from being first to being fast at putting proven technologies to work. This is the fast-follower era, where carriers and agencies can learn from early adopt

Workers comp medical, indemnity severity each up 4%: NCCI

...the report reflecting preliminary estimates. Despite rising costs per claim, workers compensation insurers continued to post underwriting gains. Private insurers’ final countrywide net combined ratio for...

Florida Supreme Court Approves Board Certification in Insurance Law October 14, 2026

Lawyers on both sides of the insurance aisle will soon be able to say they are “board-certified” in insurance coverage law, after the Florida Supreme Court approved the new certification last week. The...

E&S market slowing as some warn of ‘excess’ capital

...much capital in the property market right now,” Mr. Hendrix said, citing broker facilities where insurers higher up the coverage tower follow the lead underwriter’s pricing. More capital is good for buyers,...

Commercial insurance pricing set to ease further

COLORADO SPRINGS, Colorado – Commercial insurance buyers will likely see more favorable market conditions heading into 2027, with further declines in property rates and moderating increases in some liability...

‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected in Florida

Lots of trees and fences down, some roof damage to homes, businesses and vehicles, and flooding and tornadoes in parts of western North Carolina. But overall, the insured losses from Hurricane Isaias,...

Price still rules, but insurance shoppers in 2026 want more than a bargain

Insurance shopping may be increasingly digital, but consumers are still looking for many of the same things they have always valued from their insurance providers: a competitive price, appropriate coverage and confidence that the insurer will be there when it matters.

Chief Financial Officer Blaise Ingoglia Opens First Insurance Assistance Hub Following Hurricane Isaias

DESTIN, FLA . – Chief Financial Officer Blaise Ingoglia traveled to Destin to open the first Insurance Assistance Hub just 36 hours after Hurricane Isaias made landfall. This is the fastest an Insurance...

Fire Remains Costliest Cause of Business Interruption Globally as Claim Severity Surges

The average value of a business interruption insurance claim now exceeds €850,000 ($952 million), about 70% higher than the corresponding average property damage claim of close to €500,000 ($560 million), according to Allianz Commercial.

Damage assessments, cleanup begin after Hurricane Isaias thrashes Florida Panhandle

TALLAHASSEE, Florida — Gov. Ron DeSantis said the state is working to take stock of damage and help communities recover from Hurricane Isaias, after the Category 2 storm made landfall Friday night and brought widespread power outages and damage to the Florida Panhandle.

Insurance professionals urged to adapt as industry changes

...to the job you have,” he said. Artificial intelligence and consolidation are changing the skills insurers and brokers need, the speakers said. Employees should embrace AI while focusing on the business...

Expected Isaias losses unlikely to tip the market: Brokers

...mid-single-digit billions, as it moves toward the Eastern Gulf Coast on Friday, according to a reports by reinsurance brokers. The storm developed on Wednesday and grew into a Category 3 hurricane by Friday, but...