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Sullivan Wins Oklahoma Insurance Commissioner Race
Republican Bob Sullivan won the Oklahoma Insurance Commissioner’s race on Tuesday. Sullivan earned 59% of the vote, defeating Democrat Craig MacIntyre. Sullivan said on social media that voters “demanded fairness, transparency and accountability from their insurance commissioner.” Oklahoma faces some …

Lemonade Launches Renters Insurance in Minnesota
Lemonade announced the availability of its renters insurance in Minnesota. With this launch, Lemonade’s renters insurance is now available in all 50 states and Washington, D.C., making it the first Lemonade product offered nationwide, the company said. Lemonade Renters coverage …

Lloyd’s of London Forms New Oversight Arm in Efficiency Push
Lloyd’s of London is restructuring the way in which it oversees the insurance market as part of its new chief executive officer’s plan to make the risk hub more efficient. The firm is bringing all elements of oversight, including governance, …

Florida Passes Property Tax Cuts in Challenge for Local Funding
Florida voters passed sweeping property tax cuts in Tuesday’s election, a move that will gut local government funding. Amendment 3, the brainchild of outgoing Governor Ron DeSantis, will lower property taxes for primary residences by increasing the portion of their …

Georgia, Florida Insurers Facing New Scrutiny, Regulations After Election
Property-casualty insurance carriers in Georgia and Florida are bracing for new scrutiny and new limits on rate taking after new top state officials were elected Tuesday night. In Georgia, former state legislator and Atlanta City Council member Keisha Sean Waites …

El Nino Poses ‘Meaningful Risk’ of Higher Inflation in 2027, SF Fed Paper Says
The El Nino weather pattern that could cause a record rise in ocean temperatures in coming months poses a “meaningful risk” of higher U.S. inflation in 2027 even as it also will likely add to employment, according to research published …

New APCIA Initiative Looks to Help ‘Backbone’ of Industry With Regulatory Costs
Small and midsize carriers “form the backbone” of the private insurance market, and they are being bogged down by the cost of regulatory and corporate compliance. The American Property Casualty Insurance Association (APCIA) is starting an initiative to try and …

Insurance Technology Firm Paperclip Acquires Apis Productions
Paperclip, Inc., a New Jersey-based insurance technology company, announced that it has completed the acquisition of Apis Productions, LLC. Apis provides technology for the insurance industry including websites and portals, hosting and security, custom application development, marketing, and AI consulting …

Kim Ahead in Vote for California Insurance Commissioner
Jane Kim led fellow Democrat Ben Allen in the race for California insurance commissioner with by more than 265,000 votes in Tuesday’s election. As of Wednesday morning, 99.8% of precincts had reported in, though a large number of votes remain …

Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement
A Massachusetts Superior Court judge recently found a municipal insurer responsible for a share of a $14.9 million settlement with a man wrongly incarcerated for 36 years. MIIA Property & Casualty Group, Inc. was ordered to pay the town of …