Iowa Enters Settlement With Cryptocurrency Firm March 18, 2024 The Iowa Insurance Division announced it entered a settlement in principle with a group of affiliated companies commonly known as...
Illinois Insurance Agent Sentenced 7 Years for Swindling Premiums March 18, 2024 The owner of a suburban Chicago insurance agency has been sentenced to seven years in federal prison for swindling more...
State Farm Sues Norfolk Southern Over Ohio Train Derailment March 18, 2024 By Ezra Amacher State Farm Insurance brought forth a subrogation lawsuit against Norfolk Southern over damages to a pair of East Palestine, Ohio...
People & Places March 18, 2024 National AXA XL named Michelle Chia as chief underwriting officer for cyber in the Americas. Based in New York, Chia...
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety March 18, 2024 By Lee Shavel Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 18, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers March 18, 2024 Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report...
How to Sell Yacht Insurance Amidst a Rising Tide March 18, 2024 By Josh Giordano The market for yacht insurance has hardened in recent years, due to the frequency and severity of catastrophic (CAT) claims....
Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause March 18, 2024 By Chad Hemenway A dispute between an insurer and a yacht owner that went all the way to the U.S. Supreme Court resulted...
What Is Insurance? March 18, 2024 By Chris Burand Based on the last 126 insurance commercials I’ve watched, I wouldn’t have a clue. I saw one insurance commercial the...