Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs. About a month after Trump looked to impose steep tariffs on China, Mexico, and Canada, the administration on April 2 applied …
A significant rise in claims from hurricanes rather than winter storms was to blame for a 36% increase in total fourth quarter 2024 claims. A new report from Verisk Analytics found catastrophe claims more than doubled year over year during …
Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s number one priority: improve margins. Allstate ended 2022 with an unprofitable 110.1 combined ratio in auto – 112.6 for the …
The COVID-19 pandemic is causing a sharp increase in the price of materials and labor and driving increases in property claim costs, experts said during a webinar hosted by ATI Restoration last week. “We’ve never seen lumber move this drastically …
Texas Brine Co., the company blamed for the Bayou Corne-area sinkhole, has filed a formal complaint with the Louisiana Department of Insurance. The company alleges one of its insurers is not paying up as its policy requires. Company officials charge …
Injured workers’ groups, trial lawyers and others are sending a clear message to North Carolina lawmakers — leave the state’s workers’ compensation law alone. Hundreds of people descended on the North Carolina Legislature recently as part of the North Carolina …
