Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers January 27, 2025 By L.S. Howard Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate...
Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge January 27, 2025 By Chad Hemenway Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400...
TWIA Board Reviews 2025 Budget After $455 Million Loss from Beryl December 2, 2024 The Texas Windstorm Insurance Association Board of Directors met in November to review information related to the agency’s 2025 budget....
New Hampshire High Court Invalidates Geico Underinsured Claim Provision December 2, 2024 By Andrew G. Simpson A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is...
Texas Agency Seeks $100M to Tackle Well Blowouts December 2, 2024 By Carlos Nogueras Ramos, The Texas Tribune Unable to keep up with the growing number of leaking and erupting wells in the state’s oil fields, the Texas...
New England Grocers Coping With Cyber Attack December 2, 2024 The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack...
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023 December 2, 2024 After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report...
NYC Man Charged With Insurance Fraud in Staged Car Crash Captured by Dashcam December 2, 2024 By Karen Matthews A New York City man has been charged with staging a car accident for insurance fraud purposes in a case...
Industry Trends to Exploit for 2025 – Part One December 2, 2024 By Catherine Oak and Bill Schoeffler Agency owners must observe and learn about significant new trends in the insurance industry. The following are three critical industry...
Federal Judge Strikes Down Biden Overtime Pay Rule December 2, 2024 By Daniel Wiessner A federal judge in Texas permanently blocked a Biden administration rule that would have made about 4 million more salaried...