The property/casualty insurance industry is contributing to improved cyber hygiene in the U.S., a survey of insurers, agents, and brokers conducted by the American Property Casualty Insurance Association and the Council of Insurance Agents & Brokers shows. The survey responses …
The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …
An insurer group and a reinsurer are calling for reforms to the U.S. legal system armed with a survey they conducted that shows a majority of Americans are unaware of the impact that plaintiff attorney “tactics” like predatory advertising and …
Litigation financing could soon become more transparent and less influential in Florida, but a 34-year-old restriction on who can file medical malpractice wrongful death claims would be expanded under bills approved Monday by a key Florida legislative panel. The Senate …
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private reinsurance costs. But a trade group for carriers suggested that a federal remedy could create more problems. “Federal solutions to …
Insurance claims inflation has risen faster than the underlying consumer price index, outpacing auto insurance premium increases, according to a new study by the American Property Casualty Insurance Association (APCIA). The national trade association for home, auto and business insurers …
The insurance industry says it now has hard data proving that if you have a bad credit score, you’re more likely to slam on the brakes or step hard on the gas. Also if you’re less educated, unmarried, or sell …
Auto loss costs climbed rapidly this year as vehicle traffic returned nearly to pre-pandemic levels and motorists adopted more risky behaviors, the American Property Casualty Insurance Association said in a white paper released on Monday. An increase in claim frequency …
The California Supreme Court on Thursday overturned a jury verdict that found Qualcomm Inc. liable for third-degree burns suffered by an employee of an electrical contractor who was hired to work on equipment at the company’s San Diego campus. It …
The Texas Supreme Court ruled that a defendant in a personal-injury suit has a right to review documents regarding medical providers’ negotiated rates and costs even though the providers were not parties to the suit. The high court on Friday …