Articles by Chad Hemenway

Chad is National News Editor at Insurance Journal. He has been covering the insurance industry since 2007, reporting on trends and coverage in most lines of insurance as well as natural catastrophes, modeling, regulation, legislation, and litigation. Chad can be reached at chemenway@wellsmedia.com

Insurance Industry Should Expect $130 Billion in Catastrophe Losses Every Year: Verisk

Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of much more than that every year, according to models …

2023 to Test Recent Growth in Private Flood Insurance Market

The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California, as well as future storms that may come during the remainder of the Atlantic hurricane season. According to AM …

APCIA: Commonsense Reforms Needed for ‘Dark Money’ Third-Party Litigation Lending

In support of recent efforts at the state and federal levels of government to curtail third-party litigation funding, the American Property Casualty Insurance Association has asked the House Committee on Oversight and Accountability to consider disclosures. “As insurance protecting civil …

Judge in $6 Billion 3M Settlement Issues Order to Stop Litigation Funding

A federal judge has barred attorneys and claimants involved in 3M’s $6 billion settlement with U.S. military servicemembers from any third-party litigation funding agreements. District Judge M. Casey Rodgers in the U.S. District Court for the Northern District of Florida …

Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk

Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according to models …

APCIA, RAA Testify Before Senate Committee on Property Insurance Market

The American Property Casualty Insurance Association (APCIA) and the Reinsurance Association of American together presented testimony in Washington today on the state of of the property insurance market. The presentation, “Perspectives on Challenges in the Property Insurance Market and the …

InclusionScore CEO: Recent Events Highlight Need to Rein in Costly D&I Risk

At the end of June, James Felton Keith read the news of the U.S. Supreme Court’s majority rulings regarding affirmative action in higher education, and the application of free speech in anti-discrimination law. At around the same time, the outgoing …

Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case

A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. According to court documents in U.S. District Court for the Middle …

2023 to Test Recent Growth in Private Flood Insurance Market

The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane season. According to AM …

Dollar Tree Inc. Agrees to Improve Safety and Pay $1.35M in Fines: OSHA

Dollar Tree Inc. and subsidiary Family Dollar have entered an agreement with the Occupational Safety and Health Administration (OSHA) to make operational changes within two years. The Department of Labor’s OSHA said it has cited the stores throughout the U.S. …