Do Regulators, Insureds and Agents Understand How Reciprocal Carriers and Some New MGAs Work? January 22, 2024 By Chris Burand I recently read an article regarding how the U.S. Senate wants to investigate how well reserved Florida Citizens is because...
Former Detroit Tigers Scouts Sue Team for Age Discrimination January 22, 2024 A pair of former Detroit Tigers scouts sued the team, alleging age discrimination over their terminations after the 2020 season....
A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’ January 22, 2024 By L.S. Howard This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a...
Judge Slams Florida’s Universal P&C for ‘Stonewalling’ Court Orders, Demands Answers January 22, 2024 Universal Property & Casualty Insurance Co. officials have downplayed the significance of recent Florida judges’ rulings that have slammed the...
Higher Auto Claims, More Frequent Accidents Continue to Outpace Premium Hikes January 22, 2024 As claim severity rises, U.S. personal auto results are on the decline, according to AM Best’s Market Segment Report, issued...
New Jersey Provides Tools to Implement New Flood Risks Disclosure Law January 22, 2024 New Jersey officials have introduced measures to implement flood risk disclosure legislation signed into law by Gov. Phil Murphy last...
Changing Risks Shape the Future of Agency E&O: Webinar January 22, 2024 By Allen Laman While today’s insurance agency errors and omissions (E&O) market remains mostly stable, emerging exposures, cyber risk, natural disasters and more...
Man Pleads Guilty to One of New York’s Biggest No-Fault Insurance Frauds Ever January 22, 2024 A New Jersey man has pleaded guilty to orchestrating an estimated $70 million fraud targeting no-fault automobile insurance companies in...
Trends in Auto Thefts Add to Rising Claim Costs January 22, 2024 Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end...
New York Fund for Injured Limo Drivers Wins Surcharge Fight January 22, 2024 The New York workers’ compensation fund for black car drivers was within its authority to impose a 2.5% surcharge on...