Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows November 4, 2024 Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber...
Navigating the Fee Maze November 4, 2024 By Mark Robinson Today’s insurance regulatory landscape can be a tricky one, particularly when it comes to charging fees. For property/casualty insurance brokers...
Legal System Abuse Hammers Truck Insurance November 4, 2024 By Jerry Theodorou The U.S. trucking industry has been shaken to its foundations. A welter of external challenges catalyzed the failure of approximately...
Employees Enjoy Many Paths for Growth, Advancement at Brightway November 4, 2024 By William Rabb The people at Brightway Insurance, based in Ponte Vedra Beach, Florida, near Jacksonville, seem to have taken employee satisfaction and...
Claims From Hurricane Milton Continue to Rise in Florida November 4, 2024 Two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals continue...
Former Triple-I Exec Says He Was Fired After Testifying in Bullying Case Against CEO November 4, 2024 By Chad Hemenway A former employee of the Insurance Information Institute is suing his former boss and the organization’s owners on allegations of...
Florida Rule Bars Altering Adjusters’ Reports Without Explanation November 4, 2024 By William Rabb Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and...
Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report November 4, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan November 4, 2024 AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed...
Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s November 4, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...