Allstate to Increase Magnitude of Auto Rate Hikes in 2022 May 2, 2022 By Chad Hemenway Allstate said it is raising auto insurance rates more due to continued upticks in physical damage and bodily injury severity....
Federal Judge Approves $85 Million Settlement in Zoom Case May 2, 2022 By Chad Hemenway A federal judge in California approved an $85 million settlement between Zoom Video Communications and millions of users who said...
A Paradigm Shift, from ‘Buying Insurance’ to ‘Selling Risk’ May 2, 2022 By Hemant Shah Rising commercial property insurance costs have gotten the attention of executives across a broad cross-section of corporate America. Aon, a...
Cyber Premiums Rapidly Grew 74% in 2021: Fitch May 2, 2022 According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly...
Department of Labor Eyeing Arizona OSHA Plan May 2, 2022 The U.S. Department of Labor announced a proposal to reconsider and revoke final approval of Arizona’s State OSHA plan, which...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon May 2, 2022 By L.S. Howard Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50%...
California Workers’ Comp Committee OKs 7.6% Pure Premium Filing May 2, 2022 The governing committee of the Workers’ Compensation Insurance Rating Bureau of California authorized the WCIRB to submit a Sept. 1,...
Why Carriers Partner with Agency Networks May 2, 2022 By Joe Fisher If you’re an independent agent who is thinking about joining a network, you probably want to know what networks can...
ATV Is Not a Farm Vehicle, Virginia Court Rules May 2, 2022 The Virginia Supreme Court has ruled that an all-terrain vehicle (ATV) is not a “farm type vehicle” covered by a...
Risky Driving Increases as Sleep Apnea Worsens May 2, 2022 Drivers who have sleep apnea can be a high risk behind the wheel, according to new research that also suggests...