AM Best Tweaks State Farm Outlook to Negative After Weather, Regulatory Issues October 16, 2023 The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses...
Insurance Broker in Menendez Corruption Case Allegedly Got Senator’s Help With Fraud Case October 16, 2023 By Andrew G. Simpson The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was...
New York to Require Flood Disclosures in Home Sales October 16, 2023 New York Gov. Kathy Hochul signed a bill requiring people selling their homes to disclose whether their properties have been...
Homeowners Unprepared for Non-Weather-Related Water Damage: Hanover Report Shows October 16, 2023 Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance...
Uber Allowed to Arbitrate New Jersey Accident Claims October 16, 2023 A notice in Uber’s digital registration process requiring ride-share customers to take any individual claims to arbitration is enforceable, a...
US Already Sets Record for Yearly Billion-Dollar Weather Disasters October 2, 2023 By Seth Borenstein The deadly firestorm in Hawaii and Hurricane Idalia’s watery storm surge helped push the United States to a record for...
Hotel, Motel Markets ‘Dropping Like Flies’ As Outlook Remains Challenging October 2, 2023 By Allen Laman The hospitality industry has entered a new chapter. For those who weathered the recent near collapse of the sector, the...
New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims October 2, 2023 A new study has revealed that autonomous-vehicle technology reduced bodily injury claims frequency by 100% and property damage claims frequency...
California School District Paying $2.25M to Settle Suit Involving Teacher Who Had Student’s Baby October 2, 2023 A Southern California school district will pay $2.25 million to settle the latest lawsuit involving a teacher who became pregnant...
3 Construction Innovations Changing Builders Risk Insurance Exposures October 2, 2023 By Rachele Holden Construction is like insurance. The basics don’t change much, but when there are new developments, they can alter the trajectory...