Breaking News
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California Commissioner Launches Smoke Claims & Remediation Task Force
A new task force has been formed to develop standards in California for insurance coverage and clean-up of smoke-damaged homes. California Insurance Commissioner Ricardo Lara…
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California Workers’ Comp Combined Ratio Highest in 14 Years
Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level…
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State Farm VP Apologizes to Homeowner While Allstate Exec Gets Grilled at U.S. Senate Hearing
It’s not just some Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled property damage estimates in recent years. It’s also major…
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Hard Market, Valuable Research, Public Perception & Antitrust Litigation Pressure Higher Education World
The U.S. higher education insurance market is as diverse as the academic degrees these institutions offer. But one recent challenge facing the sector is a…
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A Fun Way for Your Agency to Discuss Recruiting
Recruitment doesn’t have to be a dull subject. Imagine discussing it in a more enjoyable way at your next management meeting. Viral work trends are…
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Captives to Remain Viable as Market Softens
By Allen Laman As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of…
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Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI
By Andrea Wells Workers’ compensation remained a healthy and profitable line in 2024, but claims severity grew with an increase of 6% for medical claim…
Top Stories
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US DOT Declares Fuel Economy Rules Exceeded Legal Authority
The Transportation Department paved the way for looser U.S fuel economy standards on Friday by declaring that former President Joe Biden’s administration exceeded its authority by assuming high uptake of electric vehicles in calculating… More
Hot Issues
Recent Articles
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Connecticut Expands Cancer Relief Program for Firefighters
Gov. Ned Lamont recently signed into law legislation (Senate Bill 1426) making several updates to the Connecticut Firefighters…
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Brooklyn Bridge collision revives marine risk debate after Baltimore disaster
“This is not just about a rare fluke,” said Khanna. “The Baltimore incident forced the industry to reconsider…
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FTC Drops Case Over Microsoft’s $69 Billion Activision Blizzard Deal
The U.S. Federal Trade Commission dropped a case that sought to block Microsoft’s $69 billion purchase of “Call…
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Zurich North America appoints Chuck Kaiser as chief communications officer
Veteran strategist brings reputation expertise to support branding across two countries
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Itochu takes US insurance leap via alliance with Churchill and Neo Group
Neo also engages directly with carriers, managing general agents, and affiliated agents to support product development and market…
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Trident Reciprocal Names Hodges CEO
Lake Mary, Florida-based Trident Reciprocal Exchange, launched in 2024, recently named Ryan Hodges chief executive officer. Hodges Hodges…
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Commercial lines mark four-year profit streak – Fitch
According to Fitch, the sector recorded a combined ratio of 97%, down from 107% in 2023. The improvement…
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Memorial Day Boat Explosion Sends 11 to the Hospital in Florida
A fiery boat explosion near Fort Lauderdale, Florida, on Memorial Day sent 11 people to the hospital, many…
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Ford Recalls More Than 1 Million Vehicles in the US, NHTSA Says
Ford Motor is recalling 1,075,299 vehicles in the United States over an issue that may prevent the rearview…
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AXIS Restructures Global Markets Team; Chaucer Taps Ray From Fidelis as Head of Renewable Energy and Energy Transition
This edition of International People Moves details appointments at AXIS Capital Holdings and Chaucer Group. A summary of…