Near $27B Underwriting Loss in 2022; Largest Loss Since 2011 April 17, 2023 Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results...
California Jury Awards $46M to Paralyzed Jiu-Jitsu Student April 17, 2023 A San Diego jury has awarded more than $46 million to a man who suffered a catastrophic spinal injury during...
Are Commercial Property Insurance Companies Dinosaurs? April 17, 2023 By Chris Burand The vast majority of commercial property, i.e., assets, are no longer physical. The majority of commercial assets are intangible. In...
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus April 3, 2023 By L.S. Howard Trium Cyber is the industry’s first Lloyd’s-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023,...
Architects & Engineers Market Sees Rising Claims Severity Amid Wave of New Projects April 3, 2023 By Ezra Amacher The construction industry continues to see a wave of new projects, creating plenty of work for architects and engineers. While...
Louisiana Insurance Commissioner Donelon Won’t Seek Reelection April 3, 2023 By Ezra Amacher Louisiana Insurance Commissioner Jim Donelon announced that he will not run for reelection this fall, marking an end to 17...
P/C Carriers Losing Ground to MGAs in Talent War April 3, 2023 By Susanne Sclafane During a webinar about an insurance industry labor market survey, an industry recruiter said insurance carriers are losing ground to...
Lawyer: LSU Anti-Hazing Verdict Sends Strong Message April 3, 2023 NEW ORLEANS (AP) – A jury’s decision that a Louisiana State University fraternity pledge’s family is entitled to $6.1 million...
EEOC Releases Annual Report for Fiscal Year 2022 April 3, 2023 The U.S. Equal Employment Opportunity Commission (EEOC) released its report on the agency’s performance during the 2022 fiscal year (FY)....
Florida Governor Turns Heads with Comment that Citizens Insurance is ‘Not Solvent,’ Just as Board Approves Catastrophe Bond April 3, 2023 By William Rabb Florida Gov. Ron DeSantis raised some questions when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not...