Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, a report by Swiss Re Institute projects both 2024 and 2025 to have …
The Iowa Supreme Court reinstated a deputy workers’ compensation commissioner’s decision to bar reports that were submitted too late by experts who weren’t certified, reversing decisions by the district court and Court of Appeals. The high court said in a …
We are obviously in one of the most intense hard markets of the last several decades. While much has been said and written about how to navigate the challenges the market is creating for agents, I’d like to take a …
The California Department of Insurance is urging business owners to verify the insurance coverage for any subcontractor or vendor they do business with after trucking company owner and operator Raymond Youash, 37, of Encino, appeared in court on 30 felony …
Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting discipline, according to reinsurance brokers’ renewal reports. “Some reinsurers adopted a tougher stance ahead of the January 2024 casualty treaty …
The California Labor Commissioner’s Office reached a $1 million settlement against the Cheesecake Factory Restaurants Inc. and two janitorial contractors for reportedly underpaying 589 janitorial workers. The investigation began in 2016 after receiving complaints of possible wage and hour violations …
No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal asked industry thought leaders their predictions for the property/casualty world in 2024 and what …
The family of a California college student who vanished nearly three decades ago sued the school, alleging it caused Kristin Smart’s murder through negligence. Smart, then 19, disappeared from California Polytechnic State University in San Luis Obispo on the state’s …
Agents continue to favor carriers and MGAs that offer automation, ranking ease of doing business and time savings at the top of the list of value they get from connectivity, according to a newly released survey by Ivans. The annual …
Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in …
