American National Exiting Homeowners Insurance Market June 17, 2024 By Chad Hemenway and Don Jergler Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American...
Bayer Plans Renewed Push for Legal Shield Against Cancer-Related Lawsuits June 17, 2024 By David A. Lieb After failing in several U.S. states this year, global chemical manufacturer Bayer said Tuesday that it plans to amplify efforts...
Insurance M&A – a 2024 Outlook June 17, 2024 By Alicia Chandler Experts are calling it: 2024 looks like a good year for merger and acquisition (M&A) activity for the insurance industry....
Mars Loses Appeal to Undo Dismissal of COVID-19 Business Loss Claims June 17, 2024 Petcare, food and candy company Mars Inc. has lost its bid to revive its claims against Factory Mutual Insurance Co....
Umbrella Liability: The Triple Upsell Possibility for Personal Lines Clients June 17, 2024 By Patrick Wraight When it comes to most of the personal lines market, it’s pretty straightforward. A person buys a car, and they...
Insureds Never Knew Their Policy Was Nonrenewed June 17, 2024 A Connecticut Appeals Court has affirmed that an insurer is not obligated to provide actual notice of a home insurance...
Insurance Keeping Up With Construction Demand: Construction Activity ‘Phenomenal’ Despite Labor Shortage June 17, 2024 By Andrea Wells While the labor market continues to come up short for the construction industry, the insurance market is doing its job...
Insurers Must Physically Inspect to Confirm Damage Cited by Aerial Imagery June 17, 2024 The Pennsylvania Insurance Department (PID) has reminded insurers of their obligation to conduct a physical inspection to confirm the type...
The Balance Sheet Is the Most Important Financial Statement June 17, 2024 By Chris Burand The balance sheet is preeminent in financial audits by its placement at the front of audit reports. The balance sheet...
The Problem(s) With Hail Claims – Part 2 June 17, 2024 By Bill Wilson In last month’s column, we began our examination of hail and windstorm claims issues by focusing on the pervasive problem...