Insurer Group, Reinsurer Call for U.S. Legal System Reforms Armed with Survey March 5, 2024 An insurer group and a reinsurer are calling for reforms to the U.S. legal system armed with a survey they...
Insurance Shopping Likely to Remain Strong in 2024, Despite Seasonal Dip in Q4 2023 March 5, 2024 Personal and auto insurance shopping is likely to increase in 2024 due to several market factors, new research shows. The...
War Insurers Shrug off Rubymar Sinking in Red Sea, Rates Stable March 5, 2024 By Jonathan Saul The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
Ex-Twitter Executives Sue Elon Musk for $128 Million in Severance Pay March 5, 2024 By Jef Feeley and Kurt Wagner Four ex-Twitter executives, including former Chief Executive Officer Parag Agrawal, sued company owner Elon Musk for allegedly stiffing them on...
25 Straight Quarters of Premium Increases for Commercial Lines, Survey Shows March 4, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing...
North Korea Broke Into South Korean Chip Equipment Firms: Seoul’s Spy Agency March 4, 2024 By Hyonhee Shin North Korea’s hacking groups have broken into at least two South Korean manufacturers of chipmaking equipment, as the country looks...
US Judge Says Google Must Face Some Advertisers’ Antitrust Claims, Dismisses Others March 4, 2024 By Jonathan Stempel Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge...
Xcel Energy Is Sued Over Worst Wildfire in Texas History March 4, 2024 By Mark Chediak and Jef Feeley A unit of Xcel Energy Inc. was sued over claims that broken power equipment started the worst wildfire in Texas...
Report Looks at Cumulative Trauma and Litigated Claims in California Workers’ Comp March 4, 2024 A California Workers’ Compensation Institute study shows nearly half of all litigated claims in the Los Angeles Basin are cumulative...
State Farm Sets Another Record With $14B Underwriting Loss in 2023 March 4, 2024 By Susanne Sclafane A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The...