Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch March 22, 2021 Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best March 22, 2021 Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in...
People & Places March 22, 2021 National Global insurance broker Hub International reported that Michael Chapman has been named national director of Commercial Markets. Chapman will...
Transactional Risk Insurance Hits Record High Despite Pandemic: Marsh Report March 22, 2021 After a dramatic downturn in the second quarter of 2020 due to the coronavirus pandemic, merger and acquisition (M&A) deal...
Winter Storm to Break Insurance Records; Other February Storms March 22, 2021 February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become...
Workers’ Comp Rates to Drop Again in Louisiana March 22, 2021 Workers’ compensation insurance rates will continue to decrease in Louisiana with a new rate reduction beginning in May, the insurance...
California Comp Virus Claim Volume Plummeted in February March 22, 2021 The wave of COVID-19 claims that hit the California workers’ compensation system at the end of 2020 has subsided for...
Oregon Lawsuits Seek $1B from Pacific Power over Wildfires March 22, 2021 Two new lawsuits filed in Marion County, Ore., seek more than $1 billion in damages from Pacific Power, claiming the...
State Farm Returning $400M to California Auto Customers March 22, 2021 State Farm is returning $400 million to California mutual auto insurance customers due to better than anticipated claim results, the...
California Lawsuit Says Deputies Shared Grisly Bryant Photos March 19, 2021 Kobe Bryant’s widow, Vanessa Bryant, on Wednesday posted the names of four Los Angeles County sheriff’s deputies she alleges shared...