U.S.
U.S. Offers States $1.15B to Clean Up Abandoned Oil and Gas Wells
The Biden administration on Monday said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions and ...
Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance
Seeing no action on bills that would address Florida's spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers' payments to the ...
Crop Insurance Payouts Have Risen Sharply Due to Droughts, Floods
Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis of federal data by the Environmental Working ...
U.S. Drivers Divided Over Speed Cameras: Erie Insurance
Half of U.S. drivers support the use of speed cameras while more than a third oppose them, according to a recent survey commissioned by Erie Insurance. However, many opponents said they would change ...
San Jose Votes to Require Gun Liability Insurance
The city council in San Jose's, Calif., voted on Tuesday to become the nation's first city to require gun owners to purchase insurance coverage. Funds from an accompanying annual fee of $25 will go ...
U.S. Surplus Lines Premium Up 22% in 2021
Surplus lines premium increased 22 percent and transactions rebounded almost 6.6 percent over their 2020 totals in the 15 states with designated surplus lines stamping offices. The increases ...
Loss Costs Outpaced Premium Increases for U.S. P/C Industry Through Q3 2021
Direct premium production for the U.S. P/C industry through third-quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen ...
Home-Based Businesses Thriving, But Many Lack Insurance: Study
There's been a surge in new home-based businesses during the pandemic, but many aren't covered by insurance, according to a new study by AXIS Insurance, the specialty insurance business segment of ...