US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency June 3, 2024 By William Rabb Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far...
A New Approach: Florida Agents’ Association Makes Big Investment in Startup Insurer June 3, 2024 The Florida Association of Insurance Agents, the largest agent group in the state, this spring took the unprecedented step of...
Nuclear Verdicts Surge to $14.5 Billion in 2023, Report Shows June 3, 2024 By Ezra Amacher Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more...
Greater Chance of Major Hurricane on the East Coast This Year, But Less in Gulf, Scientist Says June 3, 2024 Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling...
Maryland Hopes to Rebuild Baltimore Bridge for $1.9 Billion With Insurance, Federal, Other Funds June 3, 2024 Maryland plans to rebuild the Francis Scott Key Bridge in just over four years at an estimated cost between $1.7...
Popular South Carolina Country Music Venue Shuts Down After 29 Years Due to Liquor Liability Insurance Costs June 3, 2024 A popular country music venue in Greenville, South Carolina, has closed its doors after almost 30 years, citing the cost...
New Jersey: E-Scooter Rider Hit by Car Not Eligible for No-Fault PIP Benefits June 3, 2024 A man injured when he was hit by a car while he was operating a low speed Segway electric scooter...
Florida Regulators’ Move to Oust Insurer Execs May Not Hold up in Court June 3, 2024 Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust...
Marsh McLennan to Buy Fisher Brown Bottrell Agency for $316 Million June 3, 2024 Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies...
Insurers Off the Hook in O’Hare International Airport Construction Dispute June 3, 2024 By William Rabb Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability...