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Heavy rain caused severe flooding in parts of Arizona, leading to the deaths of four people and widespread damage. The hardest-hit area was Globe, a small mining town about 88 miles east of Phoenix. In just one day, the town received around 2.5 inches of rain, which quickly turned streets into rivers and forced residents … Read more

Two insurance companies are now at odds after a coverage dispute led one to take the other to court over who should pay legal costs. The Cincinnati Specialty Underwriters Insurance Company filed a lawsuit against Southwest Marine and General Insurance Company on February 4, 2026. Cincinnati claims Southwest wrongly refused to defend a property owner … Read more

Globe Life reported its earnings for the fourth quarter and full year of 2025, showing growth in income and sales despite some challenges. The McKinney, Texas-based insurer posted a net income of $3.29 per diluted share in the last quarter, up from $3.01 per share a year earlier. However, this result fell a bit short … Read more

American Financial Group, a Cincinnati-based insurer, reported a standout performance in the last quarter of 2025, posting record underwriting profits. The company earned $299 million, or $3.58 per share, beating the previous year’s $255 million, or $3.03 per share, for the same period. Core net operating earnings also saw a boost, reaching $305 million, or … Read more

A Colorado jury recently awarded $205 million to the parents of a 6-year-old girl who tragically died after falling from a ride at an amusement park. The incident happened in 2021 at Glenwood Caverns Adventure Park in Glenwood Springs, where the young girl, Wongel Estifanos, fell roughly 100 feet from the Haunted Mine Drop ride. … Read more

Clancy Loorham stood waist-deep in the French Broad River, pulling out a broken piece of PVC pipe from the rocky bottom. When he peeked inside, he found a catfish looking back at him. Loorham and other volunteers have spent months cleaning up debris left behind by Hurricane Helene, which slammed through the North Carolina mountains … Read more

Donegal Insurance Group has decided to step away from its farmowners insurance business, and ECM Insurance Group will take over the renewal rights for this line of business starting in 2026. The deal covers Donegal’s farmowners policies in Pennsylvania, Delaware, Virginia, Ohio, and Indiana, involving about $8 million in farm-related premiums written by Southern Insurance … Read more

Kemper Corporation faced a tough end to 2025, reporting a net loss of $8 million for the fourth quarter. The Chicago-based insurer missed expectations by a large margin, as it struggled with higher claim costs and changes in leadership. The loss translated to 13 cents per share, contrasting sharply with analysts’ hopes for a profit. … Read more

New York is facing a growing insurance crisis that is putting a strain on foster care agencies across the state. Lawmakers recently introduced a bill aiming to create an assigned-risk insurance market and a $20 million fund to help voluntary foster care agencies deal with rising costs. This move comes as the sector struggles with … Read more

Allstate Corp. is pointing to Florida as a clear example of how changes in laws can lead to lower car insurance prices. The company’s CEO, Tom Wilson, discussed the impact of recent legal reforms during Allstate’s fourth-quarter earnings call, highlighting how cutting down on lawsuits helped bring down insurance costs for drivers in Florida. Wilson … Read more