Another Hurricane Cost: Duke Energy Files to Recover $1B in Expenses from Storms December 31, 2024 Florida consumers, already fuming in recent years from higher property insurance premiums, repair costs and homeowner association fees, could soon...
UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct Line Deal December 31, 2024 British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7...
Man Charged With Arson, Insurance Fraud Related to Fire at His Home December 31, 2024 A Vermont man has been charged with first degree arson and insurance fraud for allegedly setting fire to his own...
OSHA Cites Contractor It Says Ignored Warnings Before Fatal Trench Collapse December 31, 2024 A federal workplace safety investigation has found a Glenburn, Maine general contractor ignored an onsite expert’s repeated warnings and the...
Arthur J. Gallagher & Co. Acquires BMR Insurance in California December 31, 2024 Arthur J. Gallagher & Co. acquired Tustin, California-based Murray Gardner Insurance Agency Inc., dba BMR Insurance. Gary Arch and his...
California Commissioner Issues Regulation to Allow Reinsurance in Ratemaking December 30, 2024 California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help...
New York State Government to Monitor Its AI Use December 30, 2024 New York state government agencies will have to conduct reviews and publish reports that detail how they’re using artificial intelligence...
Bird Flu Likely Mutated Within a Louisiana Patient: CDC December 30, 2024 A genetic analysis suggests the bird flu virus mutated inside a Louisiana patient who contracted the nation’s first severe case...
Iowa Contractor Agrees to Consent Order Over Unlicensed Public Adjusting December 30, 2024 The Iowa Insurance Division last month entered into a consent order with a contractor who had made claims they were...
Loss-Free Property Cat Rates Fall 5%-15% as Reinsurer Appetite Grows: Guy Carpenter December 30, 2024 Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of...