State Insurance Headlines

‘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,...

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...

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...

Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments By Max Kane | October 9, 2026

A roofing contractor in Florida buys a general liability policy. Between him and the capital that stands behind the policy sits a supply chain: a retail agent, a wholesale broker, an underwriter, a licensed...

Fast Growing Industries Could Generate Up To $48 Trillion in Revenue, Reshaping Insurance

Eighteen fast-growing industries, from A.I. software and cybersecurity to electric vehicles, space and obesity drugs, are poised to reshape the risks that insurers underwrite and could become a source of new business as rate-driven premium growth slows, according to a report from McKinsey’s Financia

Beyond Lost Revenue: The New Reality of Business Income Coverage

Business income coverage is more than an endorsement of a property policy. At its core, it is about resilience. Independent insurance agents can help clients reduce coverage gaps by conducting annual business income reviews, understanding how the business generates income, validating restoration ass

Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida

If Isaias turns into a hurricane and hits the Florida Panhandle on Friday, as forecast, a population of more than 1.4 million lies in its path. The number of those that are insured property owners is less...

Private insurers double commercial flood market share: GAO

Private insurers’ share of the U.S. commercial flood insurance market, based on policy counts, more than doubled from 23% in 2018 to 48% in 2025, according to a U.S. Government Accountability Office report....

AI exclusions struggle to gain traction

...using AI, so if you have an AI-related exclusion, what’s going to be covered?” Mr. Kunney said. Some insurers have introduced affirmative AI coverage, but those policies should be examined closely because they...

National Flood Insurance Program’s Authority to Expire in December

The National Flood Insurance Program is once again set to expire in two months. Early last month, NFIP’s authority to operate was renewed when the president signed legislation passed by Congress to keep...

Weather Damage Turning Into Long-Term Debt for Homeowners: Report October 7, 2026

...about their financial exposure when disaster strikes. The report also highlighted an opportunity for insurers to play a greater role in weather preparedness. Despite expertise in property risk, insurance agents...

DeSantis issues a state of emergency for 25 counties as tropical depression heads toward Florida

... Gov. Ron DeSantis signed an executive order Tuesday night declaring a state of emergency for 25 Florida counties in advance of a rapidly developing tropical depression heading toward northwest Florida...

Think tank urges Florida to shrink Citizens, return it to 'insurer of last resort'

'Florida has spent years rebuilding a property insurance market that can actually serve homeowners without relying so heavily on a government-run insurer.' One of Florida’s most prominent public policy...