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State of Emergency Declared After Flooding, Two Deaths on Florida’s East Coast
Florida’s governor declared a state of emergency for seven counties after three days of extreme rainfall caused flooding in Brevard, DeSoto, Hardee, Highlands, Indian River, Martin and St. Lucie counties. The “1-in-1,000-year” event, as it was described by the National …
POSTED NOVEMBER 04, 2026 5:44 PM |
Oklahoma Approves 4.8% Decrease in Workers’ Comp Loss Costs
Oklahoma Insurance Commissioner Glen Mulready announced that the Oklahoma Insurance Department (OID) has approved a 4.8% decrease in workers’ compensation insurance loss costs for 2027. This reduction means lower premiums for many Oklahoma businesses. Loss costs are an industry measure …
POSTED NOVEMBER 04, 2026 5:29 PM |
Sullivan Wins Oklahoma Insurance Commissioner Race
Republican Bob Sullivan won the Oklahoma Insurance Commissioner’s race on Tuesday. Sullivan earned 59% of the vote, defeating Democrat Craig MacIntyre. Sullivan said on social media that voters “demanded fairness, transparency and accountability from their insurance commissioner.” Oklahoma faces some …
POSTED NOVEMBER 04, 2026 4:56 PM |
Lemonade Launches Renters Insurance in Minnesota
Lemonade announced the availability of its renters insurance in Minnesota. With this launch, Lemonade’s renters insurance is now available in all 50 states and Washington, D.C., making it the first Lemonade product offered nationwide, the company said. Lemonade Renters coverage …
POSTED NOVEMBER 04, 2026 4:46 PM |
Lloyd’s of London Forms New Oversight Arm in Efficiency Push
Lloyd’s of London is restructuring the way in which it oversees the insurance market as part of its new chief executive officer’s plan to make the risk hub more efficient. The firm is bringing all elements of oversight, including governance, …
POSTED NOVEMBER 04, 2026 4:31 PM |
Florida Passes Property Tax Cuts in Challenge for Local Funding
Florida voters passed sweeping property tax cuts in Tuesday’s election, a move that will gut local government funding. Amendment 3, the brainchild of outgoing Governor Ron DeSantis, will lower property taxes for primary residences by increasing the portion of their …
POSTED NOVEMBER 04, 2026 3:53 PM |
Georgia, Florida Insurers Facing New Scrutiny, Regulations After Election
Property-casualty insurance carriers in Georgia and Florida are bracing for new scrutiny and new limits on rate taking after new top state officials were elected Tuesday night. In Georgia, former state legislator and Atlanta City Council member Keisha Sean Waites …
POSTED NOVEMBER 04, 2026 3:45 PM |
El Nino Poses ‘Meaningful Risk’ of Higher Inflation in 2027, SF Fed Paper Says
The El Nino weather pattern that could cause a record rise in ocean temperatures in coming months poses a “meaningful risk” of higher U.S. inflation in 2027 even as it also will likely add to employment, according to research published …
POSTED NOVEMBER 04, 2026 3:07 PM |
New APCIA Initiative Looks to Help ‘Backbone’ of Industry With Regulatory Costs
Small and midsize carriers “form the backbone” of the private insurance market, and they are being bogged down by the cost of regulatory and corporate compliance. The American Property Casualty Insurance Association (APCIA) is starting an initiative to try and …
POSTED NOVEMBER 04, 2026 2:55 PM |
Insurance Technology Firm Paperclip Acquires Apis Productions
Paperclip, Inc., a New Jersey-based insurance technology company, announced that it has completed the acquisition of Apis Productions, LLC. Apis provides technology for the insurance industry including websites and portals, hosting and security, custom application development, marketing, and AI consulting …
POSTED NOVEMBER 04, 2026 2:49 PM |
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