A substantial disruption in the U.S healthcare system occurred as a result of a February cyberattack on C...
First Billion Dollar U.S. Weather Event of 2024 Recorded in January
A tornado outbreak in the South and a storm on the East Coast spanning January 8-10th, 2024,...
A tornado outbreak in the South and a storm on the East Coast spanning January 8-10th, 2024,...
Article / 1 month ago
U.S. P/C Industry Underwriting Loss Reaches 10-Year High: AM Best
AM Best published its annual tally of U.S. property/casualty insurance industry’s financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for the sector.
AM Best published its annual tally of U.S. property/casualty insurance industry’s financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for the sector.
Article / 2 months ago
New Chief Claims Officer at Allstate
Allstate has announced that Mike Fiato will join the carrier, assuming the titles of executive vice president and chief claims officer, effective Jan. 22, 2024....
Allstate has announced that Mike Fiato will join the carrier, assuming the titles of executive vice president and chief claims officer, effective Jan. 22, 2024....
Article / 3 months ago
Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re
Global insured losses from severe thunderstorms have hit a new all-time high of $60 billion in 2023, with overall natural catastrophe claims surpassing $100 million,...
Global insured losses from severe thunderstorms have hit a new all-time high of $60 billion in 2023, with overall natural catastrophe claims surpassing $100 million,...
Article / 4 months ago
New FEMA Report Highlights the Increasing Frequency of Disasters
Between January 2020 and December 2022, 60 climate-related disasters, costing nearly $1 billion each, caused 1,460 fatalities and 2,939 injuries, according to data...
Between January 2020 and December 2022, 60 climate-related disasters, costing nearly $1 billion each, caused 1,460 fatalities and 2,939 injuries, according to data...
Article / 4 months ago
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says
Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance....
Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance....
Article / 5 months ago
U.S. Contractors, Insurers Overlooking Some Safety Improvements in Construction
Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims...
Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims...
Article / 5 months ago
Total Loss Rate for EVs Lower Than Gas-Powered Vehicles: Mitchell
A new report debunks the common misconception that electric vehicles (EVs) are declared a total loss more often than their internal combustion engine (ICE)...
A new report debunks the common misconception that electric vehicles (EVs) are declared a total loss more often than their internal combustion engine (ICE)...
Article / 6 months ago
Bad-Faith Payouts Are Penalties, Not Insurance Benefits, Florida Supreme Court Says
Randy Willoughby’s lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury...
Randy Willoughby’s lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury...
Article / 6 months ago
Hawaii Electric’s Insurance is Fraction of Potential Fire Claims
Nearly two months after the deadly Maui wildfires, Hawaiian Electric Co. revealed the limited scope of insurance coverage it holds in...
Nearly two months after the deadly Maui wildfires, Hawaiian Electric Co. revealed the limited scope of insurance coverage it holds in...
Article / 7 months ago