The Federal Emergency Management Agency said in February that it needs to borrow $2 billion from the U.S. Treasury to cover claims from National Flood Insurance Program policyholders. FEMA, administrator of NFIP, said it expects to pay out more than …
This is obviously a warped paraphrase of the famous line from “The Treasure of the Sierra Madre,” “Badges! I don’t need no stinkin’ badges!” Warped is the insurance world we live in, and here is what the future holds for …
Premium renewal rates were up again in fourth-quarter 2024 but continue to trend lower for most commercial lines products. Premiums increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the …
Businesses are now required to implement robust workplace violence prevention plans in California under a new law that became effective in July 2024. But risk management experts warn that compliance needs to be more than a check-the-box exercise if lives …
East Insurance Services of New England, ACORN Insurance Alliance Agencies Regional independent agency network Insurance Services of New England (ISNE) expanded into Connecticut with eight additional agencies. The Connecticut agencies include Ahrens, Fuller, St. John & Vincent Insurance, Enfield; Allied …
Nothing feels like a bigger gut punch than when a candidate reneges on an offer. I assume you’re like me and prefer to avoid that feeling at all costs. It’s about paying attention to little things that derail the recruitment …
Uninsurable Future? “We’re marching steadily towards an uninsurable future in the United States because we’re not doing enough fast enough to address the underlying cause, which is climate change.” — Dave Jones, California’s insurance commissioner from 2011 to 2018. Citing …
Workers’ compensation insurers and California employers alike have faced new responsibilities for employee safety from July 1, 2024, when legislation aimed at reducing workplace violence took effect. Now that the law has been in effect for six months, perhaps it …
Imagine a world where insurers could fend off class action lawsuits early on simply because a handful of claimants lack tangible harm. That world may soon become reality. In a case poised to reshape the class action landscape, the U.S. …
The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection, most notably in the personal lines sector. A report from industry rating agency AM Best late last month …
