Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive April 23, 2025 By Ezra Amacher A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting...
Business Moves: Ignyte, Novacore Spin Off From NSM Commercial Business Sale April 22, 2025 Ignyte and Novacore have launched following the recent sale of NSM Insurance Group’s U.S. commercial business to investment firm New...
Ryan Specialty to Acquire USQRisk Holdings April 22, 2025 Global specialty insurance broker Ryan Specialty has agreed to acquire certain assets of USQRisk Holdings, LLC, a New York-headquartered managing...
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B April 21, 2025 By L.S. Howard Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 –...
Florida Bill Advances, Would End Board of Engineers, Other Professional Agencies April 21, 2025 By William Rabb Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least...
State Farm Wins Dismissal of Class Action Over Xactimate Software April 21, 2025 By Andrew G. Simpson A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm...
Potential Tariff Auto Severity Impact on Travelers: Single-Digits or Less April 17, 2025 By Susanne Sclafane Wildfire losses obscured what executives of Travelers described as outstanding underlying results for the insurer’s first quarter—and looking ahead, the...
US Excess & Surplus Lines Boost London Market Re/Insurers’ Topline Growth April 16, 2025 By L.S. Howard The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the...
Louisiana Lawmakers Tackle Insurance Affordability Crisis in Legislative Session April 16, 2025 By Ezra Amacher The Louisiana legislative session is underway this week in Baton Rouge, where lawmakers are primed to address the state’s insurance...
AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers April 15, 2025 By Chad Hemenway According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused...