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New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud
7+ hour, 23+ min ago (1016+ words) New York Governor Kathy Hochul announced an agenda aimed at making New York more affordable that includes fighting auto insurance fraud and mandating property insurance discounts for mitigation efforts. In her 2026 State of the State address, Hochul vowed to crack…...
Abbott Names Crawford Texas Insurance Commissioner
5+ day, 18+ hour ago (181+ words) Texas Gov. Greg Abbott named Amanda Crawford Commissioner of Insurance to replace Cassie Brown. Brown retired after more than four years overseeing the Texas Department of Insurance. Crawford was appointed for a term set to expire on Feb. 1, 2027. Crawford is…...
New Jerseyans Get $86 Million in Medical Debt Relief
1+ week, 7+ hour ago (308+ words) New Jersey Governor Phil Murphy announced that more than 53,000 residents will see a combined $86 million in medical bills abolished as a result of the state's ongoing partnership with national nonprofit Undue Medical Debt. This marks the state's sixth round of…...
Nursing Home Bailouts. Why Vermont Has Given Millions to Keep Them Afloat
1+ week, 4+ day ago (1517+ words) With the second-oldest population in the country, Vermont needs its nursing homes. Yet, while Vermonters rapidly age, the state's long-term care capacity has dwindled, losing 900 beds in the last two decades. To keep the struggling system afloat, the state has…...
Severity Was Up, But Will Falling Claims Volume Impact the Profession?
2+ week, 6+ hour ago (620+ words) The average claim severity during the third quarter 2025 could turn out to be one of the highest quarterly amounts in recent history, however the quarter will produce the lowest claim volume in five years'continuing a trend of decreased catastrophe events…...
Report: California Comp Combined Ratio for 2024 Highest in 20-Plus Years
2+ week, 7+ hour ago (206+ words) After three consecutive accident years with relatively stable loss ratios, the projected loss and allocated loss adjustment expense ratio for accident year 2024 rose by 9 points and the combined ratio for accident year 2024 rose by 12 points'the highest in more than 20 years,…...
APCIA’s 2026 Agenda to Combat Legal System Abuse, Protect Insurance Affordability
2+ week, 23+ hour ago (181+ words) The American Property Casualty Insurance Association (APCIA) announced its 2026 advocacy priorities, underscoring APCIA's mission to advance private competitive markets to ensure access to affordable personal and commercial insurance protection. "APCIA's mission statement reflects our unwavering dedication to safeguarding consumers " "APCIA's…...
Stonetrust Workers' Comp Expands Into North Carolina
3+ week, 1+ day ago (171+ words) Stonetrust Commercial Insurance, a workers" compensation carrier based in Louisiana, has expanded into North Carolina, bringing to 13 the number of states in the Southeast and Midwest the company writes in. Stonetrust said in a statement that it is now " Stonetrust…...
Happy Holidays: 18,000 Delawareans Have Their Medical Debt Eliminated
3+ week, 2+ day ago (308+ words) Delaware Governor Matt Meyer reported results of Delaware's medical debt elimination initiative, with nearly $19 million in medical debt abolished for more than 18,000 citizens thus far. The effort is supported by a $500,000 item in the 2026 fiscal year state budget to partner…...
Oklahoma Legislation Aims to Strengthen Consumer Protections, Address Rising Insurance Premiums
4+ week, 1+ day ago (172+ words) Last week, the Oklahoma Insurance Department (OID) announced a comprehensive package of 2026 legislative policy proposals that it said are designed to provide Oklahomans with stronger consumer protections, enhanced transparency and meaningful relief from rising homeowners insurance premiums. In a press…...