2023 Underwriting Losses Improve but Persist in U.S. P/C Industry March 26, 2024 By Allen Laman and Susanne Sclafane The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM...
Minnesota Homeowners Insurance Complaints Rise on Denied Claims, Out-of-Pocket Costs March 25, 2024 Minnesota homeowners insurance complaints rose 108% from 2020 to 2023 on complaints from homeowners concerned their claims were denied or...
Corner Turned? Top Florida Insurers See First Profit in Seven Years, S&P Global Says March 22, 2024 By William Rabb Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a...
Possibility of a Billion-Dollar Systemic Cyber Event ‘Real’ March 22, 2024 By Jahna Jacobson A systemic event and the threat it could pose to insurers’ portfolios is not the million dollar question, but perhaps...
Indiana, West Virginia Pass New Restrictions on Third-Party Litigation Financing March 22, 2024 Efforts to rein in third-party litigation financing are on their way to becoming law in Indiana and West Virginia, a...
UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation March 22, 2024 By Carolyn Cohn Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the...
West Texas Ranchers Face Losses After Historic Wildfires March 21, 2024 By Jayme Lozano-Carver, The Texas Tribune There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several...
UnitedHealth Sent $2B to Doctors, Hospitals After Change Hack March 18, 2024 By John Tozzi UnitedHealth Group Inc. said it advanced more than $2 billion to medical providers after a cyberattack on the company’s Change...
Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation March 15, 2024 Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers...
Winning Over the Policyholder: How Claims Can Help Improve Carriers’ Relationships with Insureds March 15, 2024 By Larry Millburn Many years ago, as the holiday season wrapped our home in a festive embrace, a tranquil evening turned into a...