Insurance Journal
As natural catastrophes become more frequent and destructive, a key backstop intended to help cover losses has gotten harder to access. The reinsurance industry, which exists to help primary insurers cope with losses when disaster hits, has taken sig...
Posted: Sep 08, 2025
In the days and weeks following the death of his 9-year-old daughter, Lila, at Camp Mystic in the Texas Hill Country, Blake Bonner found himself wondering whether the tragedy was simply an unstoppable act of God, or if something could …
Posted: Sep 08, 2025
Two members of the Marquette men’s lacrosse team were killed in a car wreck Friday night near the school’s campus in downtown Milwaukee. Marquette officials confirmed that Scott Michaud and Noah Snyder died in the crash. A Mass was held &...
Posted: Sep 08, 2025
Sound risk management, strategic use of technology and a maturing partnership with alternative capital have subdued the cyclical nature of the reinsurance market. To achieve or reach beyond the cost of capital, reinsurers must balance short-term oppo...
Posted: Sep 08, 2025
President Donald Trump’s administration abandoned on Friday the U.S. government’s legal defense of a rule adopted under former President Joe Biden that had banned agreements commonly signed by workers not to join rivals of their employers...
Posted: Sep 08, 2025
A federal judge agreed to dismiss a lawsuit brought by a 92-year-old Miami homeowner claiming that a state-run arbitration agency deprives policyholders of their constitutional rights when reviewing claims disputes against Citizens Property Insurance...
Posted: Sep 08, 2025
A federal judge agreed to dismiss a lawsuit brought by a 92-year-old Miami homeowner claiming that a state-run arbitration agency deprives policyholders of their constitutional rights when reviewing claims disputes against Citizens Property Insurance...
Posted: Sep 08, 2025
Anthropic told a San Francisco federal judge on Friday that it has agreed to pay $1.5 billion to settle a class-action lawsuit from a group of authors who accused the artificial intelligence company of using their books to train its …
Posted: Sep 08, 2025
The California Labor Commissioner’s Office cited J BBQ, a Koreatown restaurant, more than $680,000 for wage theft violations. A total of 48 workers were impacted by the violations, which included unpaid wages, denied breaks, and inaccurate wage...
Posted: Sep 08, 2025
An attorney advocated for allowing opioid settlement money to be spent on public defenders. A prevention expert talked about effective strategies for deterring substance misuse in the first place, cautioning against one-time speakers at assemblies. M...
Posted: Sep 08, 2025
Global growth is slowing as U.S. tariff policy reduces trade and heightens geopolitical uncertainty. That will lead to decelerating growth in insurance premiums. According to Swiss Re, global GDP growth (adjusted for inflation) is expected to slow to...
Posted: Sep 07, 2025
Welcome to the next generation of insurance. Our industry stands on the cusp of an exhilarating technological revolution, primarily driven by artificial intelligence. Embracing next-generation technology is no longer a choice but a necessity for succ...
Posted: Sep 07, 2025
Attention spans are shrinking across every industry, and insurance faces a unique challenge: explaining complex products in an age of instant gratification. When potential customers abandon your presentations after one slide or skip your comprehensiv...
Posted: Sep 07, 2025
While the risks in a high- severity industry may seem apparent, it is the small details that can lead to the most disastrous losses when they are overlooked. For brokers serving high-severity niches, recognizing and addressing the easily overlooked r...
Posted: Sep 07, 2025
By Jahna Jacobson Cyber insurance remains an area of growth opportunity for property and casualty insurers, particularly in the face of large-scale risk factors. According to a new report, “CYBER: Insights on the current and future state of the...
Posted: Sep 07, 2025
The contracts your insureds enter into often create an additional workload for your staff, as well as an increased opportunity for agency errors and omissions (E&O) claims and lawsuits from both your customers and their business partners. On Octo...
Posted: Sep 07, 2025
What advice would you give to a new recruit entering the wholesale insurance business? “Make sure you are constantly learning,” said Jake Luddy, RT Specialty. “Even from the not-so-good experiences. “When I think of the setbac...
Posted: Sep 07, 2025
The average indemnity payments paid for senior care facilities have more than doubled over the past 10 years, according to Liberty Mutual/Ironshore’s inaugural Senior Care Claims Study, which examined senior care claims reported under Liberty M...
Posted: Sep 07, 2025
Whatever line of business, the surplus lines industry continues to play a critical and more prominent role in the property/casualty market. “It’s pretty incredible to have watched what the E&S business has become today from the days w...
Posted: Sep 07, 2025
Independent insurance agents are facing considerable and relatively new errors and omissions (E&O) exposures, as well as growing exposures from long-time variables. When speaking to audiences, I’ve found a large proportion of agency executi...
Posted: Sep 07, 2025
Death has been on my mind recently. Partly for work reasons, but mostly for personal reasons. Please understand that I’m neither morbid nor morose about death; I’m writing this from a pragmatic perspective. No one likes to think about dea...
Posted: Sep 07, 2025
Artificial intelligence (AI) tools are creating exciting times for just about everyone. The insurance industry is standing on the cusp of an exhilarating technological revolution, primarily driven by AI, writes Anupam Gupta, Applied System’s ch...
Posted: Sep 07, 2025
After surpassing the $100 billion threshold mark in direct premiums written for the first time in 2023, the surplus lines market grew by another 12.3% in 2024 to just under $130 billion, according to the recently released AM Best Market …
Posted: Sep 07, 2025
I was in Hawaii on vacation with my family when the tsunami alert came. It was issued following a powerful offshore earthquake–one of those moments where the routine hum of daily life is interrupted by sirens, alerts, and a sudden, …
Posted: Sep 07, 2025
Pennsylvania Attorney General Dave Sunday recently announced a $200 million transfer of funds from the Professional Liability Joint Underwriting Association (JUA) into the state’s general fund. The transfer was the result of the Attorney Genera...
Posted: Sep 07, 2025