Insurance Industry, Others Press Congress to Act on NFIP at Deadline September 30, 2025 By Chad Hemenway Organizations representing the insurance, real estate, mortgage banking, financing, and property management industries sent a letter to Congressional leaders calling...
Update: National Flood Insurance Program Expires September 25, 2025 By Chad Hemenway About six months after Congress passed a short-term reauthorization, the National Flood Insurance Program (NFIP) expired Oct.1—a prospect that will...
Insurance Industry Reps Back Reauthorization of Federal Terrorism Backstop September 17, 2025 By Chad Hemenway Marsh McLennan lost 358 employees in the terrorist attack on the World Trade Center on Sept. 11, 2001, and in...
US P/C Insurance Industry First-Half Underwriting Profit Triples September 4, 2025 The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for...
Effort to Close Litigation Funding Tax Loophole Added to Federal Budget Bill June 17, 2025 By Chad Hemenway Within changes submitted by U.S. Senate Republicans to President Donald Trump’s tax bill is language that would close a tax...
APCIA Warns Michigan Auto Insurance Bill Could Destabilize Market, Increase Costs June 17, 2025 By Ezra Amacher A Michigan lawmaker has proposed legislation that would mandate auto insurance premium reductions of at least 10% on any new...
APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims May 20, 2025 By Chad Hemenway The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response...
APCIA, IBHS Testify Before Senate Committee on Loss Mitigation May 2, 2025 By Chad Hemenway During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said that all levels of government...
Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers April 8, 2025 By Chad Hemenway Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs. About...
US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA March 21, 2025 The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income...