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...
Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers February 21, 2022 By Chad Hemenway In January, the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4...
Farm & Ranch Market: Evolving to Mitigate the Risks of Today February 21, 2022 By Andrea Wells While the farm and ranch insurance space faces different risks than other property lines, many challenges of insuring those risks...
How Autonomous Car Companies Are Outrunning U.S. Regulators And Lawmakers February 21, 2022 By Hyunjoo Jin, David Shepardson and Joseph White Self-driving vehicle companies from Tesla Inc. to General Motors Co.’s Cruise are racing to start making money with their technology,...
How Car, Home Inflation Is Driving Up Loss Costs for Insurers February 21, 2022 By Jim Sams The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to...
How Do You Know When It’s the Right Time to Partner With a Network? February 21, 2022 By Paul Taylor Worried about what could be next for your agency? It has been a chaotic couple of years — and many...