MGAs and Fronting Companies: Exploring the New ‘Asset-Light’ Frontier September 11, 2023 Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies...
Class Action Claims Mobile Home Park Managers Conspired to Fix and Inflate Lot Rental Prices September 8, 2023 CHICAGO (AP) – A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market...
Kansas Insurance Department Returns Funds to Group-Funded Pools After Eliminating Assessment Fees September 8, 2023 Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Insurance Department (KID) has returned dollars to group-funded pools following the enactment...
Litigation Funding Firms Seek to Intervene in Disciplinary Proceedings Against McClenny Moseley & Associates September 8, 2023 By Jim Sams Two litigation funding firms are seeking to intervene in disciplinary proceedings against McClenny Moseley & Associates after a federal judge...
Severe Storm Leaves Thousands Without Power in Little Rock, Arkansas September 8, 2023 LITTLE ROCK, Ark. (AP) – Thousands of Little Rock residents were without power Wednesday after a severe storm uprooted trees...
After Countrywide Pause, InsurTech Hippo Slowly Reemerging Next Week September 8, 2023 By Susanne Sclafane A profitability problem that would have otherwise taken insurtech Hippo half a year to correct is on the mend after...
MS Workers’ Comp Trust Can Seek Reimbursement From Driver in State Official’s Injury September 8, 2023 By Insurance Journal Staff Reports A workers’ compensation fund for Mississippi state agencies can take subrogation action against the driver of an all-terrain vehicle that...
Viewpoint: Six Ways to Stop Burning Man From Becoming ‘Muddy Man’ Next Year September 8, 2023 By Jonathan Jackson Over 70,000 Burning Man festival-goers were stranded in Nevada’s Black Rock Desert following heavy rain over the weekend. The Pershing...
Kroger to Pay Up to $1.4 Billion to Resolve Opioid Lawsuits September 8, 2023 By Nate Raymond Kroger on Friday said it would pay as much as $1.4 billion to resolve thousands of lawsuits by U.S. states,...
Microsoft to Defend Customers on AI Copyright Challenges September 8, 2023 Microsoft will pay legal damages on behalf of customers using its artificial intelligence (AI) products if they are sued for...