Insurance regulators in Alabama and Louisiana are praising State Farm’s decision to return money to auto policyholders after the nation’s largest auto insurer declared its biggest customer dividend in company history. The dividend announcements follow State Farm’s Feb. 26 disclosure that its auto business swung to a $4.6 billion underwriting gain in 2025 — its […]
Washington Senate Passes Bill Granting Insurance Commissioner Restitution and Fining Authority
The Washington state Senate passed legislation Jan. 21 that would grant Insurance Commissioner Patty Kuderer authority to order restitution for policyholders harmed by insurance companies or agents, and establish per-violation fines for property and casualty insurers. The Senate approved SB 5331 by a 29-20 vote. The bill now moves to the House Consumer Protection & […]
Susan Ochs Nominated as New Jersey Commissioner of the Department of Banking and Insurance
New Jersey Gov.-elect Mikie Sherrill last week announced the nomination of Susan Ochs to serve as commissioner of the New Jersey Department of Banking and Insurance. Sherrill was sworn in as Governor yesterday. Ochs will oversee the state’s banking, insurance, real estate and healthcare markets, including Get Covered NJ, the state healthcare exchange. The department […]
Amanda Crawford Appointed Texas Insurance Commissioner
Commissioner Brown retiring after leading Department of Insurance for over four year. Texas Gov. Greg Abbott appointed Amanda Crawford as the next Commissioner of Insurance, succeeding Cassie Brown, who announced her retirement effective Feb. 2. Crawford, currently executive director of the Department of Information Resources and the state’s chief information officer, will oversee regulation of […]
Allstate Companies to Lower Louisiana Auto Insurance Rates in December, January
Two Allstate insurance companies will decrease personal auto insurance rates in Louisiana following approvals from the state insurance department. Insurance Commissioner Tim Temple approved a 7.6% rate decrease for Allstate North American Insurance Company affecting 10,746 personal auto policyholders statewide. The change takes effect Jan. 8, 2026. Temple also approved a 15% decrease for Encompass […]
Ned Gaines Named Nevada Acting Insurance Commissioner
Nevada Division of Insurance has appointed Ned Gaines as acting commissioner, effective July 2, according to an announcement from Department of Business and Industry Director Dr. Kristopher Sanchez. Gaines replaces Scott Kipper, who served as commissioner since February 2023. The state will conduct a recruitment process to fill the position permanently. The acting commissioner brings […]
NC Insurance Commissioner Settles Auto Insurance Rate Case at 5% Increase
North Carolina Insurance Commissioner Mike Causey announced a settlement with the N.C. Rate Bureau that will increase automobile insurance rates by an average of 5% statewide, avoiding a scheduled hearing on the matter. The settlement represents a significant reduction from the Rate Bureau’s original request filed in February for a 22.6% average increase, as reported […]
New Washington State Insurance Commissioner Discusses Factors Increasing Auto Insurance Premiums, Cost of Repairs
Patty Kuderer was sworn in as Washington State’s ninth insurance commissioner by Washington Supreme Court Justice Steve Gonzalez. Kuderer, a former state Senator from Bellevue, was joined by her son, Michael, and family friend, Stephanie Weil. She is one of only 11 elected insurance commissioners in the country and Washington’s first new commissioner in 24 […]
Nine State Insurance Commissioners Call for Abolishment of Federal Insurance Office
Letter to incoming Trump Administration Department of Government Efficiency say FIO duplicates functions already performed by the states. A coalition of Insurance Commissioners from Alabama, Arkansas, Kansas, Louisiana, New Hampshire, North Carolina, Oklahoma, Tennessee, and West Virginia have issued a joint letter to the newly appointed leaders of the Trump Administration’s Department of Government Efficiency […]
Montana Announces $5 Million in Additional Payments to Consumers Following State Farm Review of Auto Loss of Use and Third-Party Liability Claims
Troy Downing, the Montana Commissioner of Securities and Insurance (CSI) reported that State Farm Mutual Automobile Insurance Co. has reviewed an additional 18,000 claims after being fined $4 million in a CSI administrative action for unfair claims settlement practices. These reviews resulted in an additional $5.2 million paid to Montanans impacted by State Farm’s improper […]
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