Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard March 21, 2022 By Chad Hemenway Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit,...
Inflation Outpacing Premium Increases for Auto and Homeowners Lines March 21, 2022 By Jim Sams US Insurers — already hammered by extraordinary losses caused by natural disasters — are failing to raise premiums at a...
More Price Increases for US Commercial Insurance in Q4 2021: WTW March 21, 2022 U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing...
Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate March 7, 2022 By Andrew G. Simpson The U.S. Supreme Court has been asked to address whether the federal drug law that criminalizes possession of marijuana invalidates...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021 March 7, 2022 By Chad Hemenway Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in...
Texas Supreme Court Allows For Exception to 8-Corners Rule March 7, 2022 By Jim Sams For more than 50 years, insurers have known that their duty to defend a Texas policyholder from a lawsuit must...
California Couple Sentenced in $1M Workers’ Comp Fraud Case March 7, 2022 Carmen Hall Soruco, 70, and her husband Antonio Soruco, 75, both of Novato, California, were sentenced after pleading guilty to...
Lawsuit: Faulty Equipment Killed California Firefighters March 7, 2022 The families of two California firefighters killed in a 2020 blaze are suing several makers of life-saving equipment for negligence,...
Washington Roofing Manufacturer Fined $100K in Worker Death March 7, 2022 The failure to follow lockout/tagout procedures was directly connected to the death of a worker in Sumas, Washington, when an...
AIG to Move High Net Worth Homeowners to E&S March 7, 2022 By Chad Hemenway Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of...