Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best April 10, 2023 Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes,...
Lead Paint Testing Firm Executives Accused of Marketing Faulty Devices April 10, 2023 By Mark Pratt Three former executives of a company that makes machines that test lead levels in humans deliberately concealed a problem with...
AM Best Places Ratings of R&Q and Subsidiaries Under Review with Neg. Implications April 10, 2023 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...
Toronto Office Vacancies Hit 28-Year High as Remote Work Persists April 10, 2023 By Ari Altstedter The office vacancy rate in downtown Toronto reached its highest point since 1995 as the persistence of remote work damps...
Viewpoint: Optimizing Agency Relationships; A Data-Driven Approach to Premium Growth April 10, 2023 By Amborish Baruah, Deepti Kalra and Rahul Nawab Reported demise of the independent insurance agency as a sales and distribution channel have been greatly exaggerated. Over the course...
U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible? April 10, 2023 By David Blades Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry...
EPA to Propose New Vehicle Pollution Cuts, Sees Big EV Jump April 10, 2023 By David Shepardson The U.S. Environmental Protection Agency is set to propose new rules to spur sweeping cuts in vehicle emissions pollution that...
Lawsuit, Adjuster Say UPC Altered Louisiana Estimate After Hurricane Ida April 10, 2023 By William Rabb The practice of insurance companies revising independent adjusters’ damage reports may be as widespread in Louisiana as it is in...
Victims Question If Baltimore Church Sex Abuse Report Is Complete April 10, 2023 By Lea Skene While the Catholic Archdiocese of Baltimore has long touted its transparency in publishing the names of clergy credibly accused of...
Connecticut Woman Shot by Officer Receives $1.1 Million Settlement April 10, 2023 HAMDEN, Conn. (AP) – A Connecticut woman who was seriously injured when a police officer opened fire on her and...