Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024, according to The Council of Insurance Agents and Brokers’ Q1 Market Survey. With the 7.7% average increase in Q1, there have …
For airline passengers and workers alike, it feels like trouble is lurking behind every cloud of late. Frightening scenes of a door plug flying off an airplane mid-flight have dominated news coverage. Clips of collisions and near-misses on the tarmac …
Increased distractions, staffing shortages and safety risks mean that 60% of company drivers are worried about their personal safety and liability behind the wheel. Over half have been involved in or witnessed an accident in the past year. According to …
An investigation that began after an employee was found dead in a company owned semi-truck led to the arraignment of a California man on three felony counts of workers’ compensation fraud. Heigo Kubar, 84, of Fresno, was arraigned on three …
Discrimination, active assailants and an aging infrastructure — educational institutions today face tough liability and property risks that were uncommon in the not-too-distant past. Pair those with longtime risks like sexual assault and molestation, and the liability insurance market for …
Two Washington companies face a combined $650,000 in fines for violations in connection with a worker who died from asphyxiation after entering an apple storage facility where the oxygen had been removed from the air. The incident on Oct. 1, …
Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far smaller percentage than most other property/casualty lines. However, the workers’ compensation line remains the most profitable segment, with a combined …
The Florida Association of Insurance Agents, the largest agent group in the state, this spring took the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring more capacity …
Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more than $100 million, according to a new study by research firm Marathon Strategies. The report, “Corporate Verdicts Go Thermonuclear,” found …
Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling trouble for much of the coastal Southeastern tates. The models are probably going to be proven correct, said Phil Klotzbach, …
