Insurance Journal
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
President Trump has ignited global trade tensions with the rollout of a sweeping new tariff regime to promote domestic manufacturing and aimed at what he calls restoring balance to America’s economic relationships. This includes placing elevate...
Posted: Jun 15, 2025
Embedded insurance is everywhere. From booking a flight or buying concert tickets to opening a bank account, insurance is now being offered to consumers at the point of need. It makes access quicker, simpler, and more appealing for people who …
Posted: Jun 15, 2025
A new study by the Workers Compensation Research Institute (WCRI) illustrates how rising inflation has impacted the system in recent years. The 2025 edition of the WCRI Medical Price Index for Workers’ Compensation, authored by Dr. Rebecca Yang...
Posted: Jun 15, 2025
By Allen Laman With a growing share of insurance executives viewing generative artificial intelligence as a tool for streamlining and improving functions like fraud detection, Deloitte predicts that AI technologies could save the property/casualty in...
Posted: Jun 15, 2025
Insurer USAA, which serves military veterans and their families, has purchased a new, larger office space in Chesapeake, Virginia to accommodate its expanding membership and workforce. Through the expansion, USAA said it expects to add 500 new jobs t...
Posted: Jun 13, 2025
This edition of International People Moves details appointments at Beazley and QBE Insurance. A summary of these executive hires follows here. Beazley, headquartered in London, appointed Stefan Wunderlich as head of parametric insurance. Reporting to...
Posted: Jun 13, 2025
Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an...
Posted: Jun 13, 2025
A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements. U.S. President Donald Trump on Thursday signed three resolutions approv...
Posted: Jun 13, 2025
When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of fissures has …
Posted: Jun 13, 2025
Relatives of seven people who drowned in waters off a Georgia island after a ferry dock walkway collapsed announced Wednesday they filed a lawsuit against the companies that designed and built it. Dozens of people were standing on the metal …
Posted: Jun 13, 2025
JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade. The California-based startu...
Posted: Jun 13, 2025
Greece and Britain have advised their merchant shipping fleets to avoid sailing through the Gulf of Aden and to log all voyages through the Strait of Hormuz after Israel’s large-scale attacks on Iran on Friday, documents seen by Reuters showed....
Posted: Jun 13, 2025
Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel’s large-scale attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region. Ir...
Posted: Jun 13, 2025