Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re July 17, 2023 By L.S. Howard Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to...
Why the Investor-Driven Hard Reinsurance Market Will Persist July 17, 2023 By Susanne Sclafane Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed,...
More Than 17 Million Properties Face Substantial Flood Risk: Study July 17, 2023 By Ezra Amacher More than half of the U.S. population resides in a county that is likely to experience stormwater system failure due...
Louisiana Pharmacy Fined $275K for Controlled Substances Act Violations July 17, 2023 A Port Allen, Louisiana pharmacy and its owner must pay $275,000 to resolve a federal civil lawsuit under the Controlled...
Sublimit Left Out of Policy, But Liberty Mutual Firm Avoids Huge Payout Anyway July 17, 2023 What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit...
Construction-Defect Subrogation on the Rise But it Just Became More Difficult in Florida July 17, 2023 Florida lawmakers this year approved a law that could help reduce liability insurance premiums for home and condo builders –...
Massachusetts Judge Rejects Auto Insurance Class Actions Over Diminished Value July 17, 2023 A judge in Massachusetts denied class certifications for claimants seeking payments from two insurers for the lost resale value of...
Humphreys Confirmed as Pennsylvania Insurance Chief July 17, 2023 The Pennsylvania Senate unanimously confirmed Michael Humphreys to serve as the state’s insurance commissioner. Governor Josh Shapiro nominated Humphreys, who...
Connecticut High Court Nixes Workers’ Comp for Firefighter With Heart Condition July 17, 2023 A firefighter must be shown to have worked 20 or more hours a week to be eligible for workers’ compensation...
Wisconsin School District to Pay $450K to Settle Equal Pay Lawsuit July 17, 2023 Verona Area School District in Madison, Wisconsin will pay $450,000, raise salaries, and furnish other relief to settle a pay...