Washington Senate Passes Restitution, Credit Scoring Study Bills March 24, 2025 The Washington state Senate passed three bills with insurance implications in mid-March, including a bill giving the insurance commissioner the...
US Commercial Lines Prices Up 5.6% With Signs of Moderation: WTW Pricing Survey Reveals March 24, 2025 U.S. commercial insurance rates showed a continued upward trend, with signs of moderation in the fourth quarter of 2024, according...
Contractor Fined $430K for California Labor Violations March 24, 2025 A construction company was fined more than $430,000 for California labor violations that resulted in unpaid wages, overtime and other...
Most Ransomware Claims Begin With Compromised Perimeter Security: Coalition March 24, 2025 More than half of ransomware claims in 2024 started with threat actors compromising perimeter security appliances, according to a new...
Justice Department Launches Hostile Workplace Probe into University of California March 24, 2025 The Justice Department opened an investigation into the University of California to determine if the UC system has allowed an...
Business Moves March 24, 2025 National Arthur J. Gallagher & Co., Woodruff Sawyer Insurance brokerage Arthur J. Gallagher & Co. has signed a definitive agreement...
Texas Man Sentenced for Multi-Million Dollar Insurance Fraud March 24, 2025 A Texas man was sentenced to more than 13 years in prison for constructing a $5 million insurance fraud scheme,...
NTSB: Deadly Crashes, Fire in Wyoming Tunnel Started With Pickup Losing Control March 21, 2025 A series of chain-reaction crashes and a fire in a Wyoming highway tunnel that killed three people started when a...
US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA March 21, 2025 The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income...
Markets/Coverages: MS Amlin Binds Reinsurance Facility to Cover Ukraine’s SMEs March 21, 2025 MS Amlin, the Lloyd’s global re/insurer, has bound a reinsurance scheme that could provide up to €1 billion (US$1.1 billion)...