U.S. P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021 August 29, 2024 The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for...
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...
Florida Senate Committee Adopts Litigation Funding Rules; Expands Wrongful Death January 24, 2024 By William Rabb Litigation financing could soon become more transparent and less influential in Florida, but a 34-year-old restriction on who can file...
Federal Reinsurance Backstop for Catastrophes: APCIA Says No Thanks January 16, 2024 Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private...
Premiums Fail to Keep Pace with Auto Claims Inflation July 25, 2023 Insurance claims inflation has risen faster than the underlying consumer price index, outpacing auto insurance premium increases, according to a...
Insurers Say Data Shows Low Credit Scores Predict Risky Driver Behaviors November 3, 2021 By Jim Sams The insurance industry says it now has hard data proving that if you have a bad credit score, you’re more...
APCIA Warns Thefts, Inflation and Risky Driving Pushing Auto Claim Severity September 21, 2021 By Claims Journal staff Auto loss costs climbed rapidly this year as vehicle traffic returned nearly to pre-pandemic levels and motorists adopted more risky...
Calif. Supreme Ct. Overturns $9M Jury Verdict in Favor of Contractor’s Injured Employee September 10, 2021 By Jim Sams The California Supreme Court on Thursday overturned a jury verdict that found Qualcomm Inc. liable for third-degree burns suffered by...
Texas Supreme Ct. Approves Discovery for Documents Related to Medical Charges June 2, 2021 By Jim Sams The Texas Supreme Court ruled that a defendant in a personal-injury suit has a right to review documents regarding medical...
Truckers and Insurers Form Partnership to Fight Tow Truck Scams April 6, 2021 By Jim Sams Insurers are teaming up with truckers to persuade state lawmakers to pass laws that they hope will cut down on...