Article 0 Comments Twenty years after Hurricane Katrina swamped parts of Louisiana and Mississippi, the property insurance sector is better prepared for another catastrophic storm and the litigation that may follow, according to industry leaders. They point to tighter insurance policy language and better hurricane-loss models. In addition, flood and...
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Published on: 2025-08-27
Source:
News – Claims Journal
Article 0 Comments The remnants of Hurricane Erin will contribute to torrential rain across the Swiss Alps over the next two days, raising the risk of dangerous flooding and landslides. Switzerland’s state forecaster has issued the highest red alerts for parts of Ticino and Graubunden, which border northern Italy. Rainfall...
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Published on: 2025-08-27
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News – Claims Journal
Anthony R. O’Donnell // August 27, 2025 (This California home provides an example of an attractive ember-resistant Zone Zero—coupled with native landscaping and trees—to reduce wildfire risk, according to the IBHS. Source: IBHS.) The Insurance Institute for Business & Home Safety (IBHS; Richburg, S.C.), a nonprofit research organization focused on strengthening homes...
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Published on: 2025-08-27
Source:
Insurance Journal
“The more freedom you give an AI agent, the greater the chance it could misuse or expose sensitive data, disrupt business systems, or be hijacked by hackers,” Scoblete said. “And because they mimic human actors, there’s a risk that hackers could impersonate AI agents, or worse, that employees could mistake...
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Published on: 2025-08-27
Source:
Insurance Business Magazine
The insurers, including affiliates of Chubb Ltd., argue in an objection filed with the United States Bankruptcy Court for the Northern District of California, San Francisco Division, that the five cases selected from hundreds of pending lawsuits are not representative. They contend that allowing these cases to proceed would not...
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Published on: 2025-08-27
Source:
Insurance Business Magazine
In recent weeks, Westfield Specialty International has experienced significant leadership changes. The company’s chief operating officer and chief administrative officer, Jiyan Zora, exited the business earlier this month, marking a notable shift in its executive team. ...
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Published on: 2025-08-27
Source:
Insurance Business Magazine
Anthony R. O’Donnell // August 27, 2025 (Image source MIS homepage.) McKenzie Intelligence Services (London) and Eagleview (Bellevue, Wash.) have announced a collaboration to combine intelligence analysis with aerial imagery to support insurers’ responses to North American catastrophes. The agreement integrates MIS’s military-grade assessments with Eagleview’s pre- and post-event imagery to provide faster...
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Published on: 2025-08-27
Source:
Insurance Journal
Anthony R. O’Donnell // August 27, 2025 (Image source: Steadily homepage.) Steadily (Austin, Texas, and Overland Park, Kan.) has expanded its use of ZestyAI (San Francisco) hail and wind risk models to strengthen landlord underwriting with parcel-level analytics. Building on an initial rollout in 2024, Steadily has broadened its deployment...
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Published on: 2025-08-27
Source:
Insurance Journal
Way’s digital platform supports the reservation, access, and check-out process for the garages, streamlining the experience for Hagerty members. Jeff Briglia (pictured above), president of insurance at Hagerty, said, “After they take care of their families and homes, the next big thing people want to protect during severe weather is...
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Published on: 2025-08-27
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Insurance Business Magazine
Article 0 Comments Delta Air Lines and United Airlines were sued on Tuesday by passengers who claimed they paid extra money to sit in “window” seats, only to find themselves placed in seats next to a blank wall. Proposed class actions were filed against United in San Francisco federal court...
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Published on: 2025-08-27
Source:
News – Claims Journal
Article 0 Comments Tariffs, immigration policies, climate change and artificial intelligence are transforming the property claims landscape, and new report delves into some of those changes and how claims professionals should adapt to them. Sedgwick produced the first in what is planned as an annual Loss Adjusting Insights Report, which...
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Published on: 2025-08-27
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News – Claims Journal
Article 0 Comments Mercury Insurance compiled a list of the most affordable electric vehicles to insure. The list includes 2025 and 2026 model-year vehicles. Factors examined for the list include claims on similar vehicles, costs to repair and vehicle safety records. Mercury examined EVs available at car dealerships today. This...
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Published on: 2025-08-27
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News – Claims Journal
Article 0 Comments The parents of a teen who died by suicide after ChatGPT coached him on methods of self-harm sued OpenAI and CEO Sam Altman on Tuesday, saying the company knowingly put profit above safety when it launched the GPT-4o version of its artificial intelligence chatbot last year. Adam...
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Published on: 2025-08-26
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News – Claims Journal
Article 0 Comments Claims adjusters, many of whom work remotely and travel extensively, can take heart from a recent Alabama court ruling, knowing that they may not have to pay the state’s income taxes, even if the adjusting firm is based in that state. And to show that, adjusters may...
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Published on: 2025-08-26
Source:
News – Claims Journal
Financial squeeze in healthcare poised to deepen risks As staffing shortages intensify, maintaining patient safety will become even more challenging, particularly in long-term care facilities that depend heavily on Medicare funding. With fewer staff on hand, the risk of errors and lapses in care grows, raising the likelihood of professional...
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Published on: 2025-08-26
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Insurance Business Magazine
Article 0 Comments The conservative network Newsmax will pay $67 million to settle a lawsuit accusing it of defaming a voting equipment company by spreading lies about President Donald Trump’s 2020 election loss, according to documents filed Monday. The settlement comes after Fox News Channel paid $787.5 million to settle...
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Published on: 2025-08-26
Source:
News – Claims Journal
Article 0 Comments In Montpelier, city officials plan to remove the Pioneer Street Dam and restore a nearby floodplain. Together, the projects are predicted to have compounding positive effects that reduce flood risk in the city. The Pioneer Street Dam — an old mill dam — is about 1.3 miles...
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Published on: 2025-08-26
Source:
News – Claims Journal
Article 0 Comments The parent of Booking.com and other travel websites will pay $9.5 million to settle a Texas lawsuit claiming it deceptively marketed hotel rooms by omitting mandatory “junk” fees, enticing consumers with artificially low prices. Texas Attorney General Ken Paxton said on Tuesday the settlement with Booking Holdings...
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Published on: 2025-08-26
Source:
News – Claims Journal
The rules, finalized in June and set to take effect Aug. 25, included eliminating monthly special enrolment periods for some individuals, tightening income verification, standardizing open enrolment and introducing a $5 monthly premium for people automatically re-enroled in zero-premium plans. They also excluded coverage for sex-trait modification procedures and barred...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
QBE’s findings come against a backdrop of persistent employment litigation in the US. According to federal data, thousands of discrimination and retaliation charges are filed annually with the Equal Employment Opportunity Commission, and class-action settlements involving workplace practices regularly result in multimillion-dollar payouts. Industry analysts note that even as reforms...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
According to its approved application filed May 20, Viceroy is forming as a Florida stock corporation with 500,000 shares of common voting stock at a $50 par value. Monarch will hold 90,000 shares, while 10,000 shares will go to funds managed by or affiliated with Hale. The company will write...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
Anthony R. O’Donnell // August 25, 2025 (Image credit: The Digital Artist/Pixabay.) Cognizant (Teaneck, N.J.) had secured a Guinness World Records title for most participants in an online generative AI hackathon, with 53,199 employees from 40 countries taking part in a 10-day internal event known as Vibe Coding. Ravi Kumar...
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Published on: 2025-08-25
Source:
Insurance Journal
Alive Risk provides insurance solutions for the amusement, entertainment, contingency, special events, and sports and leisure sectors. The company’s entertainment team offers coverage for music, touring, live events, film and media productions, and production support services. ...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
Affordable Care Act US health insurance plans are required by the Affordable Care Act to provide coverage for 10 “essential health benefits.” These include ambulatory patient services, emergency services, hospitalization, maternity and newborn care, mental health and substance use disorder services, prescription drugs, rehabilitative and habilitative services, laboratory services, preventive...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
The Zurich policy at issue is a “Zurich Select Plus” liability insurance policy, including a Management and Company Liability Coverage Part, issued to Garrison Management, Policy No. MPL 7647590-00, with a policy period of August 7, 2022, to August 7, 2023, and a liability limit of $1,000,000. The policy obligates...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
According to the complaint, Dollar Tree entered into a Product Supply Agreement with Zephyr Solutions LLC on December 20, 2019. Zephyr agreed to supply helium products and high-pressure cylinders for use in Dollar Tree stores. The agreement required Zephyr to procure insurance, including commercial general liability coverage, naming Dollar Tree...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
On August 22, 2025, Travelers Property Casualty Company of America filed a lawsuit against The Hanover Insurance Company in the US District Court for the District of Massachusetts. The dispute centers on a slip-and-fall incident that allegedly took place on January 25, 2022, at 27 Christie Way in Marlborough, Massachusetts...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
“The highly complex nature of Florida’s commercial residential market creates the opportunity for a talented and experienced team of underwriters, like the one that has been assembled at Crestwell, to generate attractive and sustainable underwriting profits over the long-term,” Matt Popoli, partner at Bain Capital said. ...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
Article 0 Comments The National Highway Traffic Safety Administration is opening a probe into more than 1.4 million Honda vehicles sold in the United States over concerns that connecting rod bearing failures in their engines could lead to complete engine failure. In a letter dated August 20, the regulator said...
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Published on: 2025-08-25
Source:
News – Claims Journal
Article 0 Comments When Hurricane Katrina slammed into New Orleans in August 2005, causing greater insurance losses than any other natural disaster in history, it became clear that a lot of the city’s flood protection engineering — walls, pumps, levees — had failed. Something else failed, too: Insurers’ catastrophe models....
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Published on: 2025-08-25
Source:
News – Claims Journal
“Focus on ways to recover mission critical operations in the event of a disruption,” Eskins added. “Use tabletop exercises, vendor assessments, and case studies to help determine what the right defense and recovery measures should be. Establish robust processes and policies, so that everyone knows what they should be doing...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
The tax break was originally designed to encourage insurers to maintain a substantial workforce presence in Colorado. According to the legislative declaration, and based on evaluations by the Office of the State Auditor, the General Assembly finds that, even after criteria were amended in House Bill 21-1312, insurance companies continued...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
Cobblestone Lofts, facing significant liability, sought a declaration that Great American was required to provide coverage under its policy. Great American denied the claim, issuing a “direct, definitive notice” that stated “a breach of contract is not an accident and, therefore, does not constitute an ‘occurrence’ under the Primary Policy...
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Published on: 2025-08-25
Source:
Insurance Business Magazine
As of Sunday, maximum sustained winds were near 40 mph, with some strengthening possible in the next 48 hours. However, the NHC said the storm posed no immediate threat to land, reducing the risk of property damage and insurance claims. Meteorologist Phil Ferro noted that Fernand “could get better organized by...
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Published on: 2025-08-25
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Insurance Business Magazine
Article 0 Comments The Gulf Coast of the United States is increasingly vulnerable to hurricanes, a scientist has warned in a new study, 20 years after Katrina devastated New Orleans and hundreds of miles of coastline. Mark Bove, a meteorologist with the German reinsurer Munich Re, warned in his review,...
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Published on: 2025-08-25
Source:
News – Claims Journal
Article 0 Comments The chairman of the U.S. Federal Trade Commission warned Apple, Alphabet, and other technology companies on Thursday that efforts to comply with British and European digital content laws could violate U.S. law if they weaken privacy and data security protections for American users. FTC Chairman Andrew Ferguson...
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Published on: 2025-08-25
Source:
News – Claims Journal
Similar pressures are visible across neighboring states. South Dakota’s market is led by State Farm, American Family, Farmers, Auto-Owners, and Nationwide, which together wrote more than half of the homeowners business in 2024. In Minnesota, State Farm, American Family, Auto-Owners, Farmers, and Liberty Mutual make up the top five carriers,...
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Published on: 2025-08-24
Source:
Insurance Business Magazine
Aegon, the Dutch insurer whose American operations now underpin the majority of its earnings, is weighing a plan to relocate its corporate headquarters and legal base to the United States. The review underscores the growing dominance of Transamerica, its Baltimore-based subsidiary, within the group’s global strategy. ...
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Published on: 2025-08-23
Source:
Insurance Business Magazine
Anthony R. O’Donnell // August 22, 2025 (Image source: Terra.) Terra (College Station, Texas) has announced a partnership with Gradient AI (Boston) to integrate predictive analytics into its cloud-native workers’ compensation claims platform. James Benham, CEO, Terra. The collaboration embeds Gradient AI’s risk modeling tools into Terra’s automation suite, which includes optical character...
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Published on: 2025-08-22
Source:
Insurance Journal
Anthony R. O’Donnell // August 22, 2025 (Sarah Murrow, CEO, Allianz Trade Americas. Source: Allianz.) Credit insurance may not command headlines in the same way as consumer lines, but its role in global commerce is profound. By ensuring the liquidity of supply chains and shielding companies from the shock of...
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Published on: 2025-08-22
Source:
Insurance Journal
Article 0 Comments The fire burned for about nine hours, billowing smoke and scorching the wooden trestles of a nearly 75-year-old railroad bridge that spans the Marys River in Corvallis, home to Oregon State University. Long after the flames died out, Michelle Emmons, a local environmental advocate, could still smell...
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Published on: 2025-08-22
Source:
News – Claims Journal
Here’s what’s in the complaint: Progressive is providing a defense for Lee Timber Company, Inc. after a crash that happened on or about February 19, 2024. According to the filing, Ramon Camejo, described as an employee or agent of DTA Trucking, LLC, was driving a 2009 Freightliner tractor owned, leased,...
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Published on: 2025-08-22
Source:
Insurance Business Magazine
The National Oceanic and Atmospheric Administration (NOAA) recorded 18 named storms in the Atlantic basin during 2024, each with winds of at least 39 mph; 11 became hurricanes, five were major with winds over 111 mph, and five made continental US landfall. On Aug. 7, NOAA’s updated forecast projected 13-18...
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Published on: 2025-08-22
Source:
Insurance Business Magazine
Anthony R. O’Donnell // August 22, 2025 (Image source: Klear.ai.) Klear.ai (Cypress, Calif.), a provider of AI-driven policy, claims, risk, and analytics software, has integrated Carepay (Nashville, Tenn.) digital payment technology into its claims platform. The integration allows insurers, TPAs, self-insured employers, and risk pools to issue disbursements via ACH/EFT, virtual card, or...
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Published on: 2025-08-22
Source:
Insurance Journal
Steven Quance, Drake Plastic’s president, established Drake Insurance in North Carolina to address coverage gaps his business faced. Despite nine IRS audits of Drake-related entities and Quance’s family – all concluding without finding irregularities – the agency disallowed the company’s 2020 captive insurance premium deduction, claiming the arrangement lacked “economic...
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Published on: 2025-08-22
Source:
Insurance Business Magazine
Two More Beachfront Homes Near Collapse as Hurricane Erin’s Waves Pound North Carolina’s Outer Banks
Article 0 Comments Two homes on the North Carolina Outer Banks sit precariously in the high waves with their days seemingly numbered. Since 2020, 11 neighboring homes have fallen into the Atlantic Ocean. While the swells from storms like Hurricane Erin make things worse, the conditions threatening the houses are...
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Published on: 2025-08-22
Source:
News – Claims Journal
Anthem’s filings would eliminate 21 plans across 11 counties – affecting roughly 32,000 members – and discontinue 41 additional plans in other areas, impacting about 37,000 members. That amounts to two-thirds of the insurer’s current individual market enrollment in the state. Rocky Mountain HMO’s filing targets 20 plans in seven...
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Published on: 2025-08-22
Source:
Insurance Business Magazine
Lincoln Place Capital LLC, which owns property at 5917 North Illinois Street in Fairview Heights, filed its complaint on August 19, 2025, in the Southern District of Illinois. The company says it held a property insurance policy with Cincinnati Insurance, policy number ENP0670301, covering direct physical loss or damage to...
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Published on: 2025-08-22
Source:
Insurance Business Magazine
Dude Products, a company incorporated in Delaware with its principal place of business in Chicago, is at the center of the dispute. The class action, filed March 20, 2025, in the Southern District of California, claims that Dude Products labeled its products, promoted them on its website, and advertised through...
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Published on: 2025-08-22
Source:
Insurance Business Magazine
The report highlighted that AI is already streamlining risk assessment and enabling remote adjusting, but the pace of adoption raises questions about regulatory oversight, data governance, and workforce training. For insurers and brokers, technology investment is becoming a key factor in delivering competitive claims service while controlling expenses. ...
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Published on: 2025-08-22
Source:
Insurance Business Magazine
In Q2, Voya Financial and Blue Owl Capital launched a partnership to develop private markets products for defined contribution plans, while Manulife announced an agreement to acquire 75% of Comvest Credit Partners, expanding its private credit capabilities by $14.7 billion. These moves follow earlier collaborations between insurers and investment managers,...
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Published on: 2025-08-22
Source:
Insurance Business Magazine
Article 0 Comments They are the hurricanes of legend, the bowling balls that cross the entire Atlantic Ocean, menaced ships of yore and make the long, curved lines on the hurricane charts. Cape Verde storms, named for the group of islands about 450 miles (725 kilometers) off the west coast...
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Published on: 2025-08-22
Source:
News – Claims Journal
Anthony R. O’Donnell // August 22, 2025 (Image source: Applied Home National Underwriters homepage.) Applied Home National Underwriters (Omaha) has adopted property and climate risk analytics from ZestyAI (San Francisco), incorporating the company’s AI-driven models across its U.S. property insurance operations. Brian Voorhees, COO, Applied Home National Underwriters. The insurer is using...
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Published on: 2025-08-21
Source:
Insurance Journal
Article 0 Comments A train derails and spills at least 1,000 gallons of hazardous materials in the U.S. about once every two months. Nearly half of those derailments resulted in evacuations; more than a quarter resulted in a fire or explosion since 2015, an analysis of federal derailment data showed....
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Published on: 2025-08-21
Source:
News – Claims Journal
Article 0 Comments The shift to autonomous vehicles represents a great unknown for the auto insurance industry, but to analysts at Bank of America Corp. it will be a potential goldmine. Investors are concerned about liability when driverless cars become more mainstream. Under the current US system, the driver is...
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Published on: 2025-08-21
Source:
News – Claims Journal
The estate’s wrongful death lawsuit was filed in the Eleventh District Court, McKinley County, State of New Mexico, on January 19, 2024, under the caption Cooley v. Palacios et al., Case No. D-1113-CV-2024-00034. Tribe Security Service is insured under Commercial General Liability Policy No. 0100160668-2, issued by Kinsale Insurance Company,...
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Published on: 2025-08-21
Source:
Insurance Business Magazine
Despite these developments, more approved homeowners multiperil rate increases than decreases have taken effect since the start of the year, with 25 increases and 15 decreases. The OIR reported that, since the start of last year, 27 companies have filed for a rate decrease and 41 have requested either no...
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Published on: 2025-08-21
Source:
Insurance Business Magazine
Article 0 Comments There’s a popular T-shirt on Hatteras Island along the North Carolina Outer Banks that says: “One road on. One road off (sometimes)” — poking fun at the constant battle between Mother Nature and a thin ribbon of pavement connecting the narrow barrier island to the rest of...
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Published on: 2025-08-21
Source:
News – Claims Journal
It all started with a fall at a laundromat on December 12, 2018. Jie Cao, working on repairs at New K & K Laundromat Inc., fell from a ladder and later sued both the laundromat and the landlords, Son Qun Huang and Ka Na Cao Huang. The landlords, in turn,...
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Published on: 2025-08-21
Source:
Insurance Business Magazine
Article 0 Comments Hurricane Erin is muddling computer models and making forecasters, analysts and traders question the accuracy of the outlook for heat, wind and storms across Europe next week. Erin, which churned through the Atlantic 330 kilometers (205 miles) off the North Carolina coast on Thursday, is set to...
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Published on: 2025-08-21
Source:
News – Claims Journal
Article 0 Comments The number of battery electric vehicle claims in the U.S. dropped for the first time in the second quarter by 7%, coinciding with a 6% year-over-year reduction in new BEV purchases, a new report shows. The report from Mitchell also shows claims for mild hybrid electric vehicle...
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Published on: 2025-08-21
Source:
News – Claims Journal
Monica Yasutomi, operations senior vice-president and Latin America operations manager at FM, said the company would bring its philosophy of partnership, along with its capital, research, and engineering expertise, to Brazilian businesses to support resilience and protection. She described the move as a strategic step in FM’s long-standing presence in...
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Published on: 2025-08-21
Source:
Insurance Business Magazine
On August 18, 2025, American Zurich Insurance Company filed a lawsuit in the US District Court for the District of Columbia against Petra Development, LLC and Flood Doctor, LLC, trading as Flood Masters. Zurich insured the real property at 1363 Peabody Street, NW, Washington, D.C. 20011, where a fire broke...
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Published on: 2025-08-21
Source:
Insurance Business Magazine
Although testing has not found tainted shrimp in the marketplace, the FDA stated the products may have been prepared under unsanitary conditions. If contamination were confirmed, consumers could pursue product liability claims for health-related damages. Even low-level exposure to Cesium-137 carries potential long-term risks, and consumers seeking medical evaluation could...
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Published on: 2025-08-21
Source:
Insurance Business Magazine
Article 0 Comments Over the past decade, the insurance industry has undergone an increasingly rapid transformation, driven by advancements in machine learning, artificial intelligence and now generative AI technologies. These advancements have enabled insurers to automate routine tasks such as data entry, document creation and various aspects of underwriting and...
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Published on: 2025-08-21
Source:
News – Claims Journal
Article 0 Comments Solar and wind energy companies are betting on a novel form of insurance to protect their assets against wild and volatile weather — the very type of climate risk they were set up to fight. Renewable power projects can lose substantial revenue if the wind fails to...
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Published on: 2025-08-21
Source:
News – Claims Journal
Article 0 Comments Hurricane Erin is triggering dangerous beach conditions across much of the US East Coast that will likely last into the weekend, as the storm pushes north in the waning days of the summer travel season. Erin is not currently forecast to make landfall in the eastern US...
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Published on: 2025-08-20
Source:
News – Claims Journal
Q2 earnings Earlier this month, Aspen reported second-quarter and half-year results showing improved performance. For the three months ending June 30, the insurer posted a combined ratio of 85.1%, a 3.6-point improvement from a year earlier, with underwriting income reaching US$100 million. On an adjusted basis, underwriting income totaled $106...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
Article 0 Comments When Hurricane Helene barreled across several southern states last fall, it destroyed homes and killed more than 150 people. The storm also took out one of the country’s main factories producing intravenous fluid bags widely used in hospitals. The ensuing shortage forced manufacturer Baxter International Inc. to...
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Published on: 2025-08-20
Source:
News – Claims Journal
“Munich Re [also] has great loss control experts who do a lot of in-person work, trying to better understand those damages and mitigation. In addition, over the past five decades, Munich Re has analyzed the effects of changes in climate on weather-related natural disasters. We focus on the risks involved,...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
A growing number of companies are confronting coordinated disinformation attacks, often orchestrated by ex-employees, corporate rivals, or activist groups. These campaigns – once limited in reach and complexity – are now cheaper, faster, and more damaging thanks to generative AI, according to London-based law firm Schillings, which specializes in crisis...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
On January 10, 2025, a federal court in Pennsylvania handed down a $6,024,504 judgment in favor of Bayshore Mall 1A, LLC, Bayshore Mall 1B, LLC, and Bayshore Mall 2, LLC. The dispute traces back to a 2004 shopping center purchase in New Jersey, where Bayshore says it relied on The...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
But Jencap wasn’t done. After paying out, it turned around and sued Frazier in federal court, hoping to get some of its money back. Jencap argued that Frazier should contribute as a “joint tortfeasor” - essentially, a partner in blame. The federal district court, however, shut that down, saying Jencap...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
Carshare is also the first commercial vehicle insurance embedded into a fleet rental management SaaS tool, Wheelbase, Roamly’s proprietary platform. This allows operators to take direct bookings on branded websites, manage fleets across multiple locations, and keep a greater share of revenue. Coverage adapts to fleet size, geography and usage...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
Cogan succeeds Danny Phillips, who had served on the board since 2012. A retired partner at PwC, Cogan worked as a global executive in over 40 countries, advising Fortune 250 companies and IPOs across technology, energy, pharmaceuticals and financial services. ...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
The complaint paints a picture of back-and-forth emails, inspections, and a lot of waiting. The Cleggs claim the insurers kept asking for more documentation and delayed sending out their own adjusters. When estimates finally arrived, they were all over the map. One from Johnson Carpet, dated August 30, 2024, put...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
Filed on August 14, 2025, in the US District Court for the District of Hawaii, the case is all about who’s on the hook when a policyholder faces a lawsuit and multiple insurance policies are in play. Great American, which provides umbrella and excess coverage, claims that Great Divide, the...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
Gaub said the match with Inszone’s approach helped drive the decision. “From my initial conversations it was evident that Inszone’s focus closely mirrored ours, prioritizing a shared commitment to clients,” she noted. “Inszone’s ability to grow and innovate made this partnership particularly appealing.” ...
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Published on: 2025-08-20
Source:
Insurance Business Magazine
Article 0 Comments The fatal explosion last week at U.S. Steel’s Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the U.S. — along with profits, share prices and steel prices...
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Published on: 2025-08-20
Source:
News – Claims Journal
Article 0 Comments A Philadelphia police officer who was severely beaten by a robbery suspect in 2017 has won his right to add a psychological injury to his already settled workers’ compensation claim for physical injuries suffered in the incident. The officer’s employer, the city of Philadelphia, had opposed the...
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Published on: 2025-08-20
Source:
News – Claims Journal
Article 0 Comments An expanding Hurricane Erin is poised to bring rough surf and life-threatening waves to beaches from Florida from Massachusetts this week, despite spinning hundreds of miles off the US East Coast. Erin’s tropical winds now extend more than 205 miles (335 kilometers) from its center, according to...
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Published on: 2025-08-19
Source:
News – Claims Journal
Article 0 Comments Four major heat waves, dry conditions and strong winds have turned Europe into a tinderbox this summer, fueling the most destructive wildfire season in nearly two decades. Blazes have scorched about 8,948 square kilometers (3,455 square miles) across the European Union in 2025 — more land than...
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Published on: 2025-08-19
Source:
News – Claims Journal
Article 0 Comments Tesla must face a certified class action by California drivers who said Elon Musk misled them for eight years about the self-driving capabilities of his company’s electric vehicles. U.S. District Judge Rita Lin said the common question of whether Tesla lacked sensors to achieve high-level autonomy plus...
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Published on: 2025-08-19
Source:
News – Claims Journal
Local officials across North Carolina have moved quickly to safeguard residents and visitors. Dare County has ordered mandatory evacuations for Hatteras Island, citing concerns that N.C. Highway 12 – the primary evacuation corridor – may become impassable. “Dare County remains under a State of Emergency and a Mandatory Evacuation order...
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Published on: 2025-08-19
Source:
Insurance Business Magazine
Bretschneider noted that the threat of AI doesn’t create new exposures so much as it amplifies old ones. “AI creates a murkiness of new exposures that, really, to me, are not a far cry from some of the silent cyber risks we were experiencing to begin with,” she said. “The...
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Published on: 2025-08-19
Source:
Insurance Business Magazine
Insurance market retreat accelerates Major insurers continue withdrawing from wildfire-exposed regions. California’s Fair Access to Insurance Requirements Plan now covers more than 452,000 policies, more than double the 2020 total. Colorado has seen average premiums surge nearly 60% over five years, while Oregon homeowners face quadrupled premiums as carriers pull...
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Published on: 2025-08-19
Source:
Insurance Business Magazine
“We are taking decisive action to hold those who think they can skirt the law accountable. I will not tolerate games, excuses, or stalling tactics from these companies, and we will come after those who try with every tool at our disposal,” King said. ...
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Published on: 2025-08-19
Source:
Insurance Business Magazine
Anthony R. O’Donnell // August 19, 2025 (Image source: Concirrus homepage.) Concirrus (London) has achieved ISO/IEC 42001 (AI governance), ISO/IEC 27001 (information security management), and SOC 2 compliance, becoming the first InsurTech worldwide to secure all three certifications. Concirrus provides technology for specialty and commercial insurance globally, offering a platform for...
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Published on: 2025-08-19
Source:
Insurance Journal
Anthony R. O’Donnell // August 18, 2025 (Image credit: Greg Johnson/Pixabay.) The Texas Windstorm Insurance Association (Austin, Texas) has deployed Guidewire (San Mateo, Calif.) InsuranceSuite on Guidewire Cloud Platform to support its core and IT operations. The association migrated from an on-premises environment after first adopting InsuranceSuite in 2008. The...
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Published on: 2025-08-18
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Insurance Journal
Article 0 Comments Hurricane Erin will likely become even larger as it moves past the Bahamas, with the dangerous storm expected to strengthen but remain over the ocean as it churns off the US East Coast, battering beaches later this week. Erin’s top winds measured at 140 miles (225 kilometers)...
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Published on: 2025-08-18
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News – Claims Journal
Article 0 Comments In San Francisco Bay, salt ponds created more than a century ago are reverting to marshland. Along the New York and New Jersey coasts, beaches ravaged by Superstorm Sandy underwent extensive restoration. In Alabama, a rebuilt spit of land is shielding a historic town and providing wildlife...
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Published on: 2025-08-18
Source:
News – Claims Journal
In the Q3 edition of the Property Insurance Power Panel, experts from Lockton, EPIC Insurance Brokers and Gallagher explain how carriers are altering their underwriting criteria, what's happening with deductibles and how rising material costs are impacting exposures. ...
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Published on: 2025-08-18
Source:
Insurance Business Magazine
Filed on August 12, 2025, in the Middle District of Florida, the case revolves around a June 22, 2024, incident aboard a 53-foot Hatteras motor yacht called “TOOLS N TOYS.” The boat, owned by Peter Gutska, was docked in St. Petersburg, Florida, when Cheryl Anderton, a guest, was bitten in...
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Published on: 2025-08-18
Source:
Insurance Business Magazine
Here’s what’s happening. National Fire says it’s been left holding the bag for defense costs in a personal injury lawsuit tied to a renovation at the James NoMad Hotel in Manhattan. The story starts back in March 2018, when Rafael Laracuente, a maintenance engineer, claims he tripped over pipes in...
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Published on: 2025-08-18
Source:
Insurance Business Magazine
While Athene, Blackstone, and Brookfield declined to comment, the issue signals rising regulatory scrutiny of private equity-insurer ties amidst a booming private credit market increasingly financed by insurance entity investments, raising questions about risk, transparency, and capital adequacy. ...
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Published on: 2025-08-18
Source:
Insurance Business Magazine
Supporters argue RBC ratios have limited use and ranking insurers by them is inappropriate. On the other hand, critics, including consumer advocates and trade groups like the American Academy of Actuaries, warn that restricting disclosure reduces transparency and harms stakeholders like policyholders and investors. ...
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Published on: 2025-08-18
Source:
Insurance Business Magazine
“As cost drivers in the market go down, losses go down with them, and businesses are incentivized to compete for customers through lower pricing,” Insurance Commissioner Tim Temple said. He credited recent regulatory and legal reforms enacted in Louisiana for exercising competition and market stability. ...
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Published on: 2025-08-18
Source:
Insurance Business Magazine
The case began after a worker for Skittles Services Corp. was injured when a scaffold collapsed during demolition work at 45 John Street in Manhattan. The worker, who lacked protective gear, sued the property owner, 45 John NY LLC, and the general contractor, Avacon Management LLC, in state court. Skittles...
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Published on: 2025-08-18
Source:
Insurance Business Magazine
Andrew Holshouser // August 18, 2025 (Image credit: orko46/Pixabay.) The insurance industry has long recognized the potential of AI and machine learning to enhance efficiency and improve the customer experience. Despite the complexity and time required to integrate these technologies, the urgency is clear—with 80 percent of insurance executives noting...
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Published on: 2025-08-17
Source:
Insurance Journal
Anthony R. O’Donnell // August 15, 2025 (Mutual of Omaha headquarters. Source: Mutual of Omaha.) Brian Poppe’s 15-year journey at Mutual of Omaha (Omaha, Neb.) is a study in breadth. Since joining the company in 2009 from Lincoln Financial Group, he has worked across product development, risk management, business leadership,...
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Published on: 2025-08-15
Source:
Insurance Journal