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APCIA Warns Michigan Auto Insurance Bill Could Destabilize Market

Insurance Journal

By Ezra Amacher A Michigan lawmaker has proposed legislation that would mandate auto insurance premium reductions of at least 10% on any new or renewed policy, a bill that the American Property Casualty Insurance Association (APCIA) says would destabilize the …

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How Tariffs AffectP&C Insurance Prospects

Triple-I: Homeowners Insurance

Property and casualty insurers are no less concerned, as the cost of repairing and replacing damaged property is a driver of claim costs and, ultimately, policyholder premiums. Tariffs and threats of tariffs have been roiling financial markets since January.

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Pennsylvania Shaved $98 Million Off Insurer Rate Requests in First Half of Year

Insurance Journal

The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings. The vast majority …

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New Louisiana Law Mandates Discount Disclosures for Insurance Companies

Insurance Journal

Louisiana Insurance Commissioner Tim Temple sent out an announcement this week to all property and casualty insurance companies notifying of a statue that requires insurers to disclose all available discounts that could lead to reduced premiums for current or prospective …

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Florida ReformsBear Fruit as Premium Rates Stabilize 

Triple-I: Homeowners Insurance

Floridas legislative reforms to address claim fraud and legal system abuse are stabilizing the states property/casualty insurance market, according to the latest Triple-I Issues Brief. Homeowners rates in Florida grew at a much slower rate in 2024, even as rate growth remained strong nationally.

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. Much of the overall underwriting gain was due to growth in personal lines net premiums written. represented a 2.3-points

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JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot

Triple-I: Homeowners Insurance

As we’re trying to raise awareness of this problem with consumers, ‘social inflation’ doesn’t work,” said discussion moderator and Triple-I’s Chief Insurance Officer Dale Porfilio. Louisianans Need to Know Legal Reforms Boost Florida Insurance Market; Premium Relief Will Require More Time How Georgia Might Learn From Florida Reforms U.S.