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1 week ago | 
propertycasualty360.com | Elana Ashanti Jefferson
U.S. Department of the Treasury in Washington, D.C. Photo: Diego M. Radzinschi/ALM Two national insurance trade organizations recently doubled down on their support of the Federal Insurance Office Elimination Act, a bill that proposes eliminating the Federal Insurance Office (FIO), an agency within the U.S. Treasury Department, and unseating the FIO director in order to fully place insurance regulatory oversight with the states.
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1 week ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Keynova Group: Incorporating mobile device capabilities into policyholder and prospect actions makes it easier and quicker for users to complete tasks. (Credit: Adobe Stock) Among the top P&C insurance carriers in the U.S., two stand out for mobile-app and mobile-web customer engagement, according to the Q1 2025 Mobile Insurance Scorecard conducted by the digital financial services intelligence firm Keynova Group.
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2 weeks ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Here’s something you can set your watch to after a major storm or fire: Warnings from local officials about the prevalence of predatory contractors. “Residents must also beware of post-storm fraud and bad actors looking to make a quick buck,” Florida Rep. Jimmy Patronis said in a recent press release after a weather event in the Sunshine State. “Following storms, DO NOT SIGN ANYTHING. Your first call should be to your insurance company or to my office.
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2 weeks ago | 
propertycasualty360.com | Elana Ashanti Jefferson
The National Oceanic and Atmospheric Administration's National Centers for Environmental Information recently revised its cost analyses of 2024’s major weather disasters. The agency determined that 2024 was the second costliest year on record for climate catastrophes, with 27 events that caused at least $1 billion in damages. (The year prior has the dubious honor of logging the most billion-dollar-plus disasters at 28.) Your access to unlimited PropertyCasualty360 content isn’t changing.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
The delicate insurance regulatory environment in Florida could make premium increases a political hot potato. (Christos Georghiou/Adobe Stock) Despite insurance market improvements in Florida in the wake of successful legislative efforts focused on curbing costly coverage lawsuits, the roughly 850,000 policyholders served by Citizens Property Insurance Corp., the state’s carrier of last resort, can expect rate increases from 1% to 6.6% or more, according to WWSB, the ABC affiliate in Sarasota.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Wearing green or finding a shamrock may not be enough good fortune to avoid an auto accident on St. Patrick’s Day, which is among the busiest days of the year in the U.S. for impaired driving arrests, accidents and fatalities. That’s all drivers really need to know to understand the chief piece of advice from traffic safety officials during the week running up to and the day immediately after the St. Patrick’s Day holiday: If you drink, don’t drive.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
There are definitive steps today’s drivers can take to stay safe on the roads. Avoiding distractions such as eating or grooming behind the wheel and driving within the posted speed limit are two such steps that go a long way toward deterring auto accidents. But there also are factors that individual drivers may not be able to control, such as the conditions of the roads in their area or access to auto-repair shops. Your access to unlimited PropertyCasualty360 content isn’t changing.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Insurance organizations weathered the impacts of economic uncertainly during and since the pandemic, making many of them cautious regarding the proposed tariffs in the U.S. (Credit: Jeerawut/Adobe Stock) Tariffs — or import taxes — play a distinct role in economic policy because of their potential to influence consumer choices and prices, buoy domestic production, and sway international relations.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
The global insurtech market is forecast to be valued between $22 billion and $34.3 billion in 2025, according to recent research from the corporate services consultancy Wolters Kluwer. The firm’s survey of 120 business leaders indicated that three out of four organizations plan to increase their technology budgets in 2025. Your access to unlimited PropertyCasualty360 content isn’t changing.
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2 months ago | 
propertycasualty360.com | Elana Ashanti Jefferson
It always feels great to be recognized for a job well done. But in the business world — and most especially among enterprises that value innovation — applying for professional recognitions is about “dollars and sense.”Professional awards “provide a stamp of approval that resonates with customers, partners and competitors alike,” Alan Waters, director of marketing and communications for the Montgomery County Chamber of Commerce wrote in .
