Insurance Journal
A federal judge in Chicago on Thursday refused to allow the U.S. Consumer Financial Protection Bureau to vacate a racial discrimination settlement reached last year with a mortgage lender, finding there was no basis for granting an extraordinary requ...
Posted: Jun 16, 2025
The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. However, it’s a winding road, according to the 202...
Posted: Jun 16, 2025
AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a+” (Excellent) of the Vermont and California m...
Posted: Jun 16, 2025
The Liberty Company Insurance Brokers hired Connor Dann as vice president, producer. Dann is based in Liberty’s Woodland Hills, California, office. In his new role, Connor focuses on expanding Liberty’s presence in key markets, particular...
Posted: Jun 16, 2025
The U.S. Department of Labor recovered $824,276 in back wages and damages for 680 employees of a Las Vegas drywall contractor, which reported denied overtime pay to piece-rate and hourly workers. The department’s Wage and Hour Division investig...
Posted: Jun 16, 2025
A federal appeals court won’t reconsider its ruling upholding a $5 million civil judgment against President Donald Trump in a civil lawsuit alleging he sexually abused a writer in a Manhattan department store in the mid-1990s. In an 8-2 vote &#...
Posted: Jun 16, 2025
Connecticut lawmakers have passed a measure to shift the cost of auto insurance arbitration hearings between claimants and insurers over damage claims to the insurance industry. Currently the department of insurance absorbs the average $3,075 cost to...
Posted: Jun 16, 2025
In the days before Javarick Gantt was strangled to death in jail, he was forced to share a cell with a first-degree murder suspect whose violent behavior had already alarmed his previous cellmate, according to a lawsuit filed Tuesday. Gantt, …
Posted: Jun 16, 2025
By William Rabb When Tampa-based Slide Insurance registered for an initial public stock offering in May, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities …
Posted: Jun 15, 2025
A North Carolina insurance agency cannot escape a lawsuit brought by a homeowner whose claim was denied because key elements of the property were not mentioned in the coverage application. In a case that began almost a decade ago and …
Posted: Jun 15, 2025
South Carolina’s governor has signed a liquor liability and tort-reform bill into law, but some lawmakers said broader changes to the state’s legal system are needed. Senate Majority Leader Shane Massey, who helped push through a compromi...
Posted: Jun 15, 2025
Connecticut lawmakers last month moved to plug what could have been a very costly loophole in workers’ compensation benefits that was created by a state Supreme Court decision in March. The lawmakers effectively invalidated the high court rulin...
Posted: Jun 15, 2025
A former New York City Fire Department chief was sentenced to three years in prison last month for accepting tens of thousands of dollars in bribes to fast-track fire safety inspections at restaurants, hotels, and other city businesses. Anthony Sacca...
Posted: Jun 15, 2025
By Ezra Amacher The Missouri Department of Commerce and Insurance released preliminary uninsured estimates for properties in the St. Louis in response to the F3 tornado that struck the region on May 16. DCI Department Director Angela Nelson said the...
Posted: Jun 15, 2025
Contractors must take into consideration all these moving risk targets, including at times their contractual guaranteed price risk. Brian Cooper, U.S. national construction practice leader for Gallagher, said that asking the contractor, and the proje...
Posted: Jun 15, 2025
How do per- and polyfluoroalkyl substances (PFAS) impact the environmental liability market in construction, or do they? Do all contractors need environmental liability coverage? And if so, how can agents and brokers encourage them to purchase the co...
Posted: Jun 15, 2025
In 2024, my family and I were forced to evacuate our home due to an approaching wildfire. After two decades in the insurance industry helping countless clients prepare for disasters and the unexpected, nothing compares to facing down a disaster ̷...
Posted: Jun 15, 2025
According to research from the American Tort Reform Association (ATRA), legal service providers spent more than $2.5 billion on 26.9 million ads in 2024 alone–with significant increases in television, radio, and outdoor advertising since 2017....
Posted: Jun 15, 2025
The insurance consumer will not see any significant value difference between insurance companies and insurance agencies. Products, price, and service are roughly the same. Insurance is really a commodity. Consumers have new options to access insuranc...
Posted: Jun 15, 2025
By L.S. Howard Demand for political risk insurance is likely to rise by 33% due to tariff uncertainty and the instability of the current trading environment, according to Howden’s 2025 survey of multinational corporates with revenue of more tha...
Posted: Jun 15, 2025
By Andrea Wells Construction insurance specialists cite a number of factors in describing the 2025 construction industry as a market in transition. There is uncertainty about the year’s economic outlook, potential impacts of tariffs on the supp...
Posted: Jun 15, 2025
Machine learning models detect suspicious claims two weeks after submission–much faster than traditional methods, according to a new CLARA Analytics study on fraud detection in property/casualty insurance claims. The research, completed in Nove...
Posted: Jun 15, 2025
As best as I can recall, the first article I wrote about certificates of insurance (COIs) was in 2002, over two decades ago. For the next four years, I wrote more on that subject than any other property/casualty issue, culminating …
Posted: Jun 15, 2025
The reinsurance industry has shown significant improvements in operating performance in recent years. Despite facing substantial insured natural catastrophe losses globally, reinsurers achieved robust earnings growth in 2023 and 2024, exceeding their...
Posted: Jun 15, 2025
By Allen Laman From rising courtroom verdicts to notable underwriting shifts, here are six things independent agents and brokers need to understand about today’s umbrella market. What Is an Umbrella Policy? An umbrella liability policy is desig...
Posted: Jun 15, 2025