U.S. P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion... Read More
Jury Awards $68.5M to Family of Worker Who Fell to Death at Philly Construction Site A Philadelphia jury has awarded $68.5 million in damages to the widow and son of a 38-year-old construction worker who... Read More
U.S. Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers... Read More
CDK Expects All Dealers to Be Live by Early July 4 CDK said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July... Read More
California Wildfire Outlook: ‘A Challenging Season for Firefighters’ While the official start to California’s wildfire season is still a ways off, the best forecast of what’s ahead may... Read More
Report: Hurricane Beryl May Generate $1B-$1.5B in Insured Losses Across Windward Islands Between $1 billion and $1.5 billion insurable losses may be seen across the Windward Islands from Hurricane Beryl, according to... Read More
Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses... Read More
As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis, Survey Shows Homeowners are cutting back on dining out, travel, groceries and even medication to afford their soaring property insurance premiums. One... Read More
Supreme Court Ends OxyContin Settlement, Cracking Sackler Shield The US Supreme Court tossed Purdue Pharma LP’s $6 billion opioid settlement, nixing a deal that would have funded opioid... Read More
The Problem(s) With Hail Claims – Part 2 Read the first part in this series, The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and... Read More