2 months 1 week ago
Artificial intelligence is quickly reshaping the insurance landscape, and Gallagher Re’s global head of insurtech, Andrew Johnston, warned in the company’s latest Global InsurTech Report that this trend shouldn’t be ignored. “There remains some skepticism in reinsurance of just how …
Elizabeth Blosfield
2 months 1 week ago
Colorado State University’s hurricane researchers and the National Oceanic and Atmospheric Administration (NOAA) issued updates to their 2025 Atlantic hurricane forecasts, with both maintaining calls for an ‘above average’ season despite no recorded hurricanes so far. NOAA’s prediction of an …
2 months 1 week ago
Despite allegations of fraud and padding of premiums, neither a Miami-based cargo insurance broker nor a Lloyd’s coverholder can be asked to pay punitive damages in a breach-of-contract dispute, a Florida appeals court decided last week. “A plaintiff … may …
William Rabb
2 months 1 week ago
Word on the street is that California employers should start expecting higher workers’ compensation rates. California employers have enjoyed a soft workers’ comp market for the last decade, but all indications are now pointing to the market hardening, entering a …
Admin
2 months 1 week ago
A victim of identity theft is entitled to recover both treble damages and punitive damages under Connecticut laws, according to the state’s highest court. The Connecticut Supreme Court found that the dual awards do not violate the common-law rule against …
Andrew G. Simpson
2 months 1 week ago
The California Department of Industrial Relations awarded 25 construction apprenticeship programs $26 million in Equal Representation in Construction Apprenticeship grants to increase access to construction careers for women and disadvantaged communities. This is the second round of ERiCA grant funding. …
2 months 1 week ago
Two adults and four children perished in a house fire Sunday morning in Waldorf, Maryland, according to state officials. Two other adults escaped and one more was not home when the fire broke out, . The cause of the fire …
2 months 2 weeks ago
Iowa Attorney General Brenna Bird announced settlements in two cases her office prosecuted on behalf of the Iowa Department of Natural Resources. Agri Star Meat and Poultry, LLC has agreed to pay a $50,000 penalty and come into full compliance …
2 months 2 weeks ago
A brush fire in a mountainous area north of Los Angeles has forced thousands of evacuations, becoming one of two ongoing blazes of concern in California. The Canyon fire in Los Angeles and Ventura counties, which started on Thursday afternoon, …
2 months 2 weeks ago
As some Minnesota cities fret over regulating newly legalized and normalized marijuana sales, others see an opportunity. Elk River is among 13 Minnesota cities considering opening municipally owned cannabis stores. They would be blazing new trails in this regard, as …
Admin
2 months 2 weeks ago
Tesla Inc. has been granted a rideshare license in Texas, paving the way for the electric-vehicle maker to operate its robotaxi service under new regulations governing autonomous vehicles in the state. Tesla Robotaxi LLC is now listed as a transportation …
Admin
2 months 2 weeks ago
As flooding becomes an increasingly common and destructive feature of Texas life, housing experts are calling for the creation of a statewide, voluntary buyout program to move residents out of the most high-risk areas. The experts say Texas needs a …
Admin
2 months 2 weeks ago
Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a record US$4.2 billion and core return on equity hit a best-ever number of 26.3%. What is the reason for Zurich’s …
L.S. Howard
2 months 2 weeks ago
Long-time industry leader Kevin H. Kelley has died. Kelley, 74, was last in the industry with Liberty Mutual Insurance, where he was vice chairman, Global Risk Solutions after joining the company in 2017 when Ironshore was acquired by Liberty Mutual. …
Admin
2 months 2 weeks ago
Two South Carolina women filed an auto accident claim with First Acceptance Insurance Co. in May and were paid more than $25,500 for bodily injury medical expenses. Then investigators found out that the women had fabricated the entire incident, the …
2 months 2 weeks ago
Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate increases to keep profits going, a new report says. According the …
2 months 2 weeks ago
Connecticut-based Smith Brothers Insurance announced it acquired Moscato & Associates of Ithaca, New York on August 1, 2025. Moscato & Associates, an independent agency specializing in employee benefits, individual health, and Medicare, will maintain its location in Ithaca. Edward Moscato …
2 months 2 weeks ago
RALEIGH, N.C. (AP) — Individuals in central North Carolina counties whose homes and belongings were damaged by massive rains last month from Tropical Storm Chantal can now seek state-funded financial grants for temporary assistance. The aid for residents in eight …
2 months 2 weeks ago
COLUMBIA, S.C. (AP) — Two deputies shot and injured in a training exercise in South Carolina were wounded by ammunition taken from a plastic bag in a desk drawer and not property tested to see if they were blanks, a …
Admin
2 months 2 weeks ago
California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies. This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, according to Curtis Barton, CEO of ALKEME. The Innovative team …