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...
Commercial Property Market Stabilizing, With Ample Capacity: USI January 27, 2025 The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or...
Ameren Missouri to Pay $61M Over Emission Violations January 27, 2025 The U.S. District Court for the Eastern District of Missouri entered an order requiring Ameren Missouri to spend $61 million...
Iowa Roofer Ordered to Cease Unlicensed Public Adjuster Services January 27, 2025 By Ezra Amacher An Iowa roofing company has agreed to a consent order to stop promoting itself as a public adjuster or providing...
Safeco to Take Personal Lines Renewal Business of Main Street America December 2, 2024 By Chad Hemenway Liberty Mutual’s Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time...
US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood December 2, 2024 By William Rabb Insurance carriers may want to examine policy language — and what information they request from insureds — after the U.S....
Progressive to End Offering Dwelling Fire Insurance December 2, 2024 By Chad Hemenway Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The...
Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts December 2, 2024 By Allen Laman What emerging risks could electric vehicles present as they become more widespread? Experts at Verisk recently explored the current EV...
Flood Adaptation Preferable to Post-Disaster Rebuilding – And It Helps With Insurability December 2, 2024 By L.S. Howard Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due...