PropertyCasualty360

3 days ago | propertycasualty360.com | Kristen Smithberg

Uncertainty surrounding newly imposed tariffs on imported steel and aluminum is casting a shadow over the U.S. rental market, particularly in cities where multifamily construction has been booming. These duties, set at 25%, threaten to drive up construction costs, potentially stalling or even halting new apartment projects in markets that have seen the fastest growth in permitted multifamily homes, according to a report from Realtor.com.

1 week ago | propertycasualty360.com | Brittney Meredith-Miller

The original case involved a plaintiff, Steven Bellshaw, who alleged a notice issued by Farmers about their auto repair shop options did not include all of the information required by state law. (Credit: majivecka/Adobe Stock) The Supreme Court of Oregon has reversed a $26.3 million class action ruling against Farmers Insurance Co. of Oregon.

1 week ago | propertycasualty360.com | Brittney Meredith-Miller

At the time of the attack, the dog was off-leash and his training collar was non-functional.(Credit: Nigmatulina Aleksandra/Shutterstock) An elderly woman who was bitten by her neighbor’s dog has been awarded $4.2 million by a Georgia jury for her injuries. According to case documents, in 2020 at the age of 82, Earnestine Shaw was walking with a friend near her residence when her neighbor's dog entered her property.

1 week ago | propertycasualty360.com | Corey Dahl

Premium growth remains above historical levels. (Credit: Nuthawut/Adobe Stock) The U.S. property and casualty industry improved its underwriting and earnings performance last year, according to a new report from Fitch Ratings. Even with large catastrophe losses, the industry achieved a 96.6% combined ratio, down 5.2 percentage points from 2023. The combined ratio is a measure of insurer profitability: anything below 100% indicates a profit, while anything above 100% indicates an underwriting loss.

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.