Anthony R. O’Donnell // December 5, 2025 (Alec Miloslavsky, CEO, EIS. Photo by author.) When insurance executives talk about generative AI, Alec Miloslavsky, CEO, EIS (San Francisco) detects a familiar mix of enthusiasm and uncertainty. Leaders recognize the technology’s immense efficiency potential, yet many lack a coherent framework for how...
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Published on: 2025-12-05
Source:
Insurance Journal
Anthony R. O’Donnell // December 5, 2025 (Image credit: Insubria/Pixabay.) Previsico (Loughborough, U.K.) has launched Flood Intelligence 2.0, an upgraded version of its flood forecasting platform designed to enhance decision-making through probabilistic insights and near-real-time updates. The new release supports insurers, infrastructure operators, and risk managers with improved clarity about...
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Published on: 2025-12-05
Source:
Insurance Journal
Anthony R. O’Donnell // December 5, 2025 (Image source: One Inc ClaimsPay page.) One Inc (Folsom, Calif.) has partnered with Benekiva, a cloud-based claims automation platform, to deliver a fully digital claims payment experience for insurers. The collaboration integrates One Inc’s ClaimsPay platform into Benekiva’s software-as-a-service offering, enabling life, annuity, long-term care,...
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Published on: 2025-12-05
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Insurance Journal
Article 0 Comments The New York Times Co. and the Chicago Tribune sued Perplexity AI Inc., saying the artificial intelligence search startup is copying and distributing their exclusive content, the latest in a wave of lawsuits against AI developers. The New York Times complaint filed on Friday says Perplexity’s “large-scale,...
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Published on: 2025-12-05
Source:
News – Claims Journal
The CAIDAO position is intended to build AI and data into core capabilities across Lincoln’s businesses, including distribution, operations and customer engagement. The company is positioning the role as part of a broader effort to use analytics to support its operating model and business strategy. ...
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Published on: 2025-12-05
Source:
Insurance Business Magazine
To purge the contempt, the order required Global Growth to pay $56,901,099 for the benefit of the FinCos. It required Lindberg to pay $52,424,571 for the benefit of Global Growth, along with additional specified amounts for the benefit of GB Capital, Eli Global, LLC, Eli Research, LLC, the ARM Companies, and the ECL...
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Published on: 2025-12-05
Source:
Insurance Business Magazine
Robert Andrews, an employee of Property and Casualty Surveys, Inc. (PCSI), inspected Kathleen Wagner’s home at her homeowners’ insurer’s request to help assess renewal rates and coverage levels. After finishing the interior, he stepped into the backyard and fell on wooden railroad-tie steps built into the ground. He acknowledged he...
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Published on: 2025-12-05
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Insurance Business Magazine
Article 0 Comments A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the school year. The National Highway Traffic Safety Administration opened...
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Published on: 2025-12-05
Source:
News – Claims Journal
Rising premiums in the region The Midwest insurance market is experiencing rising premiums, particularly in homeowners’ coverage, due to more frequent severe storms such as hail, tornadoes, and wind events. States including Ohio, Minnesota, Iowa, Illinois, and Nebraska have seen sustained increases, driven by higher claims costs, inflation in construction...
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Published on: 2025-12-04
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Insurance Business Magazine
Article 0 Comments Devastating floods have killed more than 1,300 people and caused at least $20 billion in losses since late last month across parts of South and Southeast Asia, underscoring the increasing risks from climate change and extreme weather for the region’s fast-growing populations and economies. A sequence of...
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Published on: 2025-12-04
Source:
News – Claims Journal
“We were already in Canada to a small extent through forensic accounting, consulting, and technology services,” he said. “But we hadn’t gotten on the ground processing claims, doing the core services we deliver across the rest of North America and Europe. Entering a competitive market like Canada required the right...
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Published on: 2025-12-04
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Insurance Business Magazine
Article 0 Comments Corporate sustainability is an important topic in business and particularly insurance, but it turns out that sustainability is also becoming a bigger topic of interest for claims leaders. Most (77%) of claims leaders report that sustainability is explicitly addressed in their company’s corporate strategy, vision or values—and...
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Published on: 2025-12-04
Source:
News – Claims Journal
According to Vincent Cisternino (pictured), VP of wholesale financial lines at Westfield Specialty, this evolution is reshaping competition, service expectations, and the underwriting playbook heading into the new year. As distress increases, more insureds require the speed, flexibility, and specialty underwriting expertise that wholesale markets are designed to deliver. ...
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Published on: 2025-12-04
Source:
Insurance Business Magazine
“Directors and officers (D&O) liability continues to develop at pace, with an evolving regulatory and litigation environment, an increasingly complex risk landscape, and an uncertain geopolitical and economic outlook,” said Jarrod Schlesinger (pictured above), global head of financial lines and cyber at Allianz Commercial. ...
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Published on: 2025-12-04
Source:
Insurance Business Magazine
Comulate also claims that Applied has “weaponized a sham lawsuit,” told customers Comulate is about to “go out of business,” and threatened to cut off clients that continue working with Comulate, describing these steps as efforts “to eliminate the competitor that Applied and its private equity owner, Hellman & Friedman...
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Published on: 2025-12-04
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Insurance Business Magazine
Those risk-transfer provisions are now being tested by two lawsuits brought by Granite employees. CSXT’s filing states that on November 13, 2024, worker Christopher Valente sued CSXT and TranSystems, alleging he was injured on May 23, 2024, when a crane lost control of a load that struck him while he was...
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Published on: 2025-12-04
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Insurance Business Magazine
At the heart of the case is damage from Hurricane Maria to PrairieGold’s Carmelo Productora facility in Puerto Rico. The policy, issued in September 2014, was an all-risk and business interruption program. It defined windstorm to include storms named by the National Weather Service or National Hurricane Center, and both sides agreed Hurricane...
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Published on: 2025-12-04
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Insurance Business Magazine
Article 0 Comments The just-ended 2025 Atlantic hurricane season surprised some forecasters after it produced no major storms that hit the United States. But the hurricanes that did arise, with most remaining offshore and one slamming Jamaica, were mostly Category 5 beasts – signaling that new extremes are on the...
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Published on: 2025-12-04
Source:
News – Claims Journal
Article 0 Comments State Farm Mutual Automobile Insurance Co. faces a lawsuit accusing it of fraud and unjust enrichment for selling products from PHL Variable Insurance Co., which authorities say has a $2.2 billion capital shortfall that left policyholders with less-than-promised payouts. Three people who bought PHL life insurance and...
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Published on: 2025-12-03
Source:
News – Claims Journal
Anthony R. O’Donnell // December 3, 2025 (Image source: National Flood Insurance, LLC website.) Flood Quotes,a platform developed by National Flood Insurance, LLC, a Melbourne, Fla.-based insurance agency, has launched to simplify the flood insurance quoting and binding process for agencies and brokers. The tool offers real-time access to quotes...
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Published on: 2025-12-03
Source:
Insurance Journal
Canadian employers are heavily concentrated in the same sectors. Banks, insurers, pension funds, health‑care administrators, law firms, consulting shops and shared‑services centres all lean on the kinds of knowledge work Iceberg flags: processing information, moving numbers through systems, drafting and reviewing standard documents, scheduling and routing work, and triaging service...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
Dealer’s open lot coverage remains “one of the most important” protections, she said, addressing losses stemming from weather, theft, vandalism, and on-lot collisions. Ensuring vehicles are insured to value, particularly the highest-valued units, is also critical. ...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
On December 1, 2025, during Nevada's 36th Special Session, the Legislature enacted Senate Bill No. 7, sponsored by Senator Nicole Cannizzaro. The act amends NRS 617.455, which governs when diseases of the lungs are treated as occupational diseases resulting in compensation for temporary or permanent disability or death for certain...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
Ransomware, meanwhile, continues to trend upward. A brief lull in 2022 led some to think the worst was over, but that optimism has faded. “Everyone thought, OK, it’s over now, but it certainly returned,” said Ingerslev. He estimated a 20% to 30% year-over-year increase in ransomware activity, based on both internal...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
Better understanding, smoother transactions Bernal also highlighted how AI is improving the way policies are explained. “As a normal customer, reading the policy is pretty hard, and knowing exactly if you are covered or not in certain areas is not easy,” he said. Now, with AI-powered tools, customers can ask specific questions...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
MIT’s Project Iceberg, a largescale simulation of the U.S. labour market, finds that current AI tools are technically capable of performing tasks worth 11.7% of total wage value, or about US$1.2 trillion annually. The model represents around 151 million workers across 923 occupations and more than 32,000 skills. ...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
He noted that across demographics and markets, people now expect personalized, seamless, proactive experiences from every service provider – and insurance is no exception. Technologies like AI may help deliver those expectations, but, he argued, the real test isn’t the tech at all – it’s whether leaders are willing to...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
Compliance pressures have helped accelerate change. “The regulators coming in and saying, we need auditability, we need traceability - that’s really helped,” he said. “If you’ve got 4,000 spreadsheets saved on a shared drive somewhere, it’s almost impossible to say who changed it.” ...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
Over that period, Gandy has held several peer-elected posts, including president-elect, board secretary and board trustee. As president, he will help set NAIFA’s national direction across legislative advocacy, membership engagement and professional development for insurance and financial advisers, according to the association. ...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
The appraisal provision, set out in a policy endorsement, applies when the parties cannot agree on the amount of loss or damage. On written demand, each side selects a competent and disinterested appraiser and notifies the other. The appraisers then choose a competent and disinterested umpire. If the appraisers cannot...
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Published on: 2025-12-03
Source:
Insurance Business Magazine
The story began in 2010 when Roland Pour Sr. bought a house in Champlin, Minnesota, where he lived with his wife and two children. In 2015, he purchased a homeowners policy from Liberty Mutual. In 2019, Pour Sr. relocated to Bethlehem, Georgia to live with his second wife, but kept the Minnesota property. His sons, Kmontee and Roland...
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Published on: 2025-12-03
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Insurance Business Magazine
Article 0 Comments An ex-Barclays Plc investment banker, who alleged that an offhand comment taken out of context cost him his job, lost an unfair dismissal lawsuit after a London court ruled he had demonstrated dishonest conduct. Mathew Humphrey, an assistant vice president on equity derivatives in London, was dismissed...
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Published on: 2025-12-03
Source:
News – Claims Journal
Anthony R. O’Donnell // December 2, 2025 (Image source: Carpe Data website.) Carpe Data (Santa Barbara, Calif.) has joined the Verisk (Jersey City, N.J.) ClaimSearch ecosystem, making its injury claim fraud detection tools available to insurers directly through Verisk’s claims intelligence network. Max Drucker, CEO, Carpe Data. The collaboration enables property/casualty insurers to...
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Published on: 2025-12-02
Source:
Insurance Journal
“This unified, intelligent architecture ensures that policy management, client servicing, and accounting all flow from the same trusted data, reducing errors, speeding cash flow, and elevating the customer experience,” he said. “Applied’s strategy is to make the Digital Roundtrip seamless, intelligent, and auditable, so agents, carriers, and MGAs can operate...
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Published on: 2025-12-02
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Insurance Business Magazine
Article 0 Comments New York City will be soggy Tuesday as a fast-moving winter storm brings heavy snow north and east of the city, raising the risk of airline delays and snarling ground traffic across the interior Northeast. Rains are likely to arrive in New York by 10 a.m. as...
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Published on: 2025-12-02
Source:
News – Claims Journal
The strategic deal encompasses Atlas Insurance Agency, Pyramid Insurance Centre, and IC International. Collectively, these three agencies represent a leading brokerage presence across the state of Hawaii and provide comprehensive insurance solutions to both businesses and individuals throughout the islands. The firms also bring niche industry specializations to MMA, including...
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Published on: 2025-12-02
Source:
Insurance Business Magazine
Anthony R. O’Donnell // December 2, 2025 (Image source: Majesco P&C solutions page.) Majesco (Morristown, N.J.) has announced a significant increase in AI-related investment for 2026, reaffirming its strategic focus on the property/casualty insurance segment. The company will quadruple its AI investment to accelerate development of its next-generation, AI-native SaaS cloud...
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Published on: 2025-12-02
Source:
Insurance Journal
“The AI boom is happening fast, and security frameworks are still catching up,” said Andy Thomas, CEO and founder of KYND. “As MCP usage accelerates, with more companies adopting generative-AI solutions, MCP exposure is spreading quietly through digital supply chains.” ...
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Published on: 2025-12-02
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Insurance Business Magazine
Article 0 Comments Thailand said floods that have devastated much of the country’s south have “paralyzed” the flow of high tech components and car parts to neighboring Malaysia, potentially benefiting rival exporters in Indonesia and Vietnam. In the hardest-hit area of Hat Yai in Songkhla province, a commercial hub and...
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Published on: 2025-12-02
Source:
News – Claims Journal
Article 0 Comments Lowe’s must pay $12.5 million over renovation work performed by its contractors at hundreds of homes across the country. The Justice Department and the Environmental Protection Agency announced a proposed nationwide settlement with Lowe’s Home Centers LLC to resolve alleged violations of the EPA’s Lead Renovation, Repair...
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Published on: 2025-12-02
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News – Claims Journal
Article 0 Comments The U.S. Supreme Court weighed giving internet providers a stronger shield from legal liability when customers pirate copyrighted works, questioning a $1 billion music industry copyright lawsuit against Cox Communications Inc. Hearing arguments in Washington Monday, several justices expressed doubts about an appeals court ruling that partially...
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Published on: 2025-12-02
Source:
News – Claims Journal
AM Best’s director, Chris Draghi, explained that inflation had created a new norm to which rates needed to be aligned, with the elevated loss severity negatively impacting performance as rates caught up. He added that economic inflation, social inflation, and rising medical and casualty costs have significantly affected insurers’ loss...
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Published on: 2025-12-01
Source:
Insurance Business Magazine
Liability and product risk in focus For insurers, the developing situation raises immediate questions around product liability, aviation hull and loss-of-use exposures, as well as the potential for knock-on business interruption claims as airlines juggle grounded assets, deferred deliveries and disrupted schedules. While there is currently no suggestion of an...
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Published on: 2025-12-01
Source:
Insurance Business Magazine
Anthony R. O’Donnell // December 1, 2025 (Image source: Chrp website.) Nationwide (Columbus, Ohio) has partnered with Chrp (DeBery, Fla.), an AI-powered home risk platform, to launch a virtual inspection program aimed at helping homeowners identify and prevent common household hazards. The initiative is being offered to select customers undergoing renewal inspections...
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Published on: 2025-12-01
Source:
Insurance Journal
If the appraisers do not agree on the actual cash value and amount of loss, or on an appropriate offer of settlement, they must submit documentation memorializing their differences, including the actual cash value and amount of loss as calculated by each appraiser, to a competent and disinterested umpire. The...
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Published on: 2025-12-01
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Insurance Business Magazine
Article 0 Comments Jamaica has secured up to $6.7 billion in support from international agencies to fund reconstruction over the next three years in the wake of Hurricane Melissa. Melissa, one of the strongest storms on record to make landfall in the Caribbean, unleashed catastrophic flooding and landslides with some...
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Published on: 2025-12-01
Source:
News – Claims Journal
Article 0 Comments As the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North Carolina just proved there’s another way to fund disaster preparedness: a $600 million catastrophe bond that rewards homeowners...
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Published on: 2025-12-01
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News – Claims Journal
Article 0 Comments It is often said that things in life (good or bad) happen in threes. Whether this is true is beyond this author’s expertise. However, when it comes to Workers’ Compensation Medicare Set-Asides (WCMSAs), the financial arrangements to ensure that Medicare does not pay for future medical expenses...
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Published on: 2025-12-01
Source:
News – Claims Journal
Article 0 Comments A three-year pilot program using video surveillance and coaching at New York City construction sites led to enhanced job safety and a more than 50% drop in workers’ compensation claims frequency. According to insurer Zurich North America, Zurich Resilience Solutions (ZRS), the video technology firm Arrowsight, and...
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Published on: 2025-12-01
Source:
News – Claims Journal
Article 0 Comments While insurance consumers may be warming up to artificial intelligence, 68% say they believe the insurance company gets most of or all the benefits of AI adoption. AI is becoming more ingrained and accepted as part of the insurance industry’s interactions with insureds. However, while consumers recognize...
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Published on: 2025-12-01
Source:
News – Claims Journal
Article 0 Comments A barge carrying 192 shipping containers that ran aground in the Bahamas and was quickly looted has returned to Jacksonville, ending a stormy journey that will likely result in millions of dollars in insurance claims. The barge, known as the Brooklyn Bridge, was being towed Nov. 11...
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Published on: 2025-12-01
Source:
News – Claims Journal
Despite growth, high premiums for small enterprises, regulatory uncertainty, and variability in claims remain key challenges. Insurers are responding with more flexible policy structures, advanced data analytics, and partnerships with third-party administrators (TPAs) or captive insurance models to reduce risk and improve market access. The complexity of self-funded healthcare plans...
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Published on: 2025-11-30
Source:
Insurance Business Magazine
London continues to anchor complex, international energy placements, offering capacity and competitive pricing for property and casualty risks. Property markets have entered a softening phase, while casualty underwriters maintain caution around emerging risks, including PFAS and cyber exposures. ...
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Published on: 2025-11-30
Source:
Insurance Business Magazine
For aviation insurers and brokers, the implications extend beyond the immediate operational strain. The recall highlights a growing exposure to software-integrity risks in modern aircraft. The A320, the world’s most widely flown commercial jet, relies heavily on digital flight-control systems originally introduced in the 1980s. As carriers incorporate ever more...
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Published on: 2025-11-28
Source:
Insurance Business Magazine
At the heart of the dispute is James Weems, who worked at the daycare for over a decade and was convicted last November by a Baltimore County jury on charges including second-degree rape, sexual abuse of a minor, and display of obscene item to a minor. The abuse allegedly happened...
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Published on: 2025-11-28
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Insurance Business Magazine
For insurance professionals, this ruling offers three critical lessons. First, your insured's legal positions in early proceedings will define your recovery options in later disputes. Once a court validates a contractual defense, that validation echoes across all related claims. Second, multiple related subrogation actions require careful coordination to avoid contradictory...
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Published on: 2025-11-28
Source:
Insurance Business Magazine
House Bill 527, sponsored by Rep. Hillary Cassel and filed on November 24, 2025, would require that every claim denial in the state be made by a qualified human professional, not a computer system acting alone. The legislation is proposed to take effect on July 1, 2026. ...
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Published on: 2025-11-28
Source:
Insurance Business Magazine
The USAA is a national insurance and financial services provider that specializes in serving military members, veterans, and their families. In Florida, USAA offers many different homeowners' insurance options, along with a suite of banking and investment products. USAA is known for its financial stability, high customer satisfaction, and comprehensive...
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Published on: 2025-11-28
Source:
Insurance Business Magazine
Industry executives say the combination of a confidential complaint, a rapid internal investigation, and the removal of the senior leader believed to have raised concerns raises further questions about transparency and culture in a group that anchors much of Australia’s broking sector. With Steadfast’s scale and influence, governance issues reverberate...
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Published on: 2025-11-27
Source:
Insurance Business Magazine
Anthony R. O’Donnell // November 27, 2025 (Image source: InformData homepage image.) Cytora (London) has partnered with InformData (Kennesaw, Ga.) to integrate verifiable people data into Cytora’s digital risk processing platform, enabling commercial insurers to incorporate identity, behavior, and credential insights directly into underwriting, claims, and risk monitoring workflows. The integration offers insurers...
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Published on: 2025-11-27
Source:
Insurance Journal
While Thursday’s tremor did not trigger the widespread losses associated with past events, its location in a heavily populated corridor highlights the ongoing exposure profile for underwriters. The 2018 Anchorage earthquake remains the most costly seismic event in recent years, generating municipal damage estimates in the tens of millions, alongside...
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Published on: 2025-11-27
Source:
Insurance Business Magazine
There are, however, new opportunities presenting itself in the AI wave. New occupational roles are emerging as insurers manage AI adoption, including data ethics officers, AI governance specialists, and algorithm auditors. The National Association of Insurance Commissioners has formed a working group on the ethical use of AI, examining how...
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Published on: 2025-11-27
Source:
Insurance Business Magazine
Anthony R. O’Donnell // November 26, 2025 (Image credit: Oli Lynch/Pixabay.) AEGIS London, which operates Lloyd’s Syndicate 1225, has implemented a GenAI-enabled automation solution called Fisent BizAI from Fisent Technologies (Toronto) to modernize its policy endorsement process. The initiative, which sits within a broader underwriting transformation program, is designed to...
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Published on: 2025-11-26
Source:
Insurance Journal
Blended risks, fragmented responses The blurring of motives and methods means risk is no longer easily segmented - and yet the market still often is. “You’ve got an incident over here on the left-hand side, you call one number…oh, actually, no, it’s a kidnap and it’s somewhere else, so you’ve got to...
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Published on: 2025-11-26
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Insurance Business Magazine
For title insurance professionals, the ruling offers three critical lessons. First, transparent regulatory engagement matters profoundly in court. When regulators actively review and approve distressed transactions, judges take notice. Second, expert witnesses in valuation disputes face rigorous scrutiny. Methodology and industry support trump conclusions. Third, strategic asset sales survive legal...
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Published on: 2025-11-26
Source:
Insurance Business Magazine
Article 0 Comments Snowy and blustery conditions are spreading across the U.S. Midwest, triggering power outages and potential ground and air delays as the U.S. prepares for one of its busiest travel days of the year – the eve of the Thanksgiving holiday. Winter storm warnings, weather advisories and even...
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Published on: 2025-11-26
Source:
News – Claims Journal
The concerns raised in Maine mirror trends emerging nationwide. A 2025 analysis found that insurers across the US are preparing for significant premium increases if the enhanced federal subsidies lapse, with some states anticipating double-digit rate jumps and, in certain markets, increases approaching 30%. ...
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Published on: 2025-11-26
Source:
Insurance Business Magazine
Continued growth in life/annuity Operating performance has also been steady across many carriers. “While life sales have slowed in growth from the post-COVID bump, annuity sales continue to surge with record results in the last few years,” said Erik Miller, senior director at AM Best. He added that growth may...
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Published on: 2025-11-26
Source:
Insurance Business Magazine
Article 0 Comments OpenAI defended itself against a lawsuit accusing ChatGPT of coaching a 16-year-old to kill himself, saying the chatbot directed the teenager to seek help more than 100 times. In a court filing Tuesday, the artificial intelligence startup called the death of California high school student Adam Raine...
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Published on: 2025-11-26
Source:
News – Claims Journal
EPIC said its entertainment and sports practice focuses on reducing clients’ total cost of risk through tailored insurance programs. The firm works with professional sports leagues including the NFL, MLB, MLS and NHL, as well as global brands, recording artists and media companies. ...
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Published on: 2025-11-26
Source:
Insurance Business Magazine
People strategy is non-negotiable Technology adoption always succeeds or fails based on people. Kane stressed that "the people strategy is equally as important as any of the other strategies that we're looking at." The rollout mirrors how Zurich approached previous AI tools like Copilot: start with individuals experimenting and learning,...
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Published on: 2025-11-26
Source:
Insurance Business Magazine
The Court of Appeals saw things differently. In a 6-1 decision, the majority said insurers cannot unilaterally decide that a provider has committed misconduct serious enough to withhold payment. That authority belongs to state regulators, specifically New York's Board of Regents, which oversees professional licensing and discipline. Justice Rivera explained...
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Published on: 2025-11-26
Source:
Insurance Business Magazine
Article 0 Comments Warner Music Group Corp. and Suno, a generative-artificial intelligence music startup, settled their copyright lawsuit and agreed on a new partnership for creating music. Warner and the other major record labels sued Suno and its competitor Udio last year, accusing the startups of using copyrighted material in...
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Published on: 2025-11-26
Source:
News – Claims Journal
Felix Morgan, CEO of Trucordia, said the acquisition enables the company to provide “expanded solutions, more competitive pricing, and exceptional service to even more communities in New England and beyond.” Charles River Insurance works with over a dozen top carriers to offer a full spectrum of insurance products, including auto,...
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Published on: 2025-11-25
Source:
Insurance Business Magazine
Since 2007, IICF’s Northeast Division has awarded over $14.8 million in grants to more than 350 organizations across the region. This year’s beneficiaries include America’s Grow a Row, Clean Ocean Action, Covenant House NY, Freedom House, Hartford Interval House, Horizons at Sacred Heart University, Limb Kind Foundation, Mount Kisco Child...
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Published on: 2025-11-25
Source:
Insurance Business Magazine
Article 0 Comments Thanksgiving is the No. 1 day of the year for home cooking fires in the U.S., and leaving food unattended is the leading cause of those incidents, the Red Cross reported. According to the National Fire Protection Association, cooking accounts for 80% of Thanksgiving Day home fires...
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Published on: 2025-11-25
Source:
News – Claims Journal
Anthony R. O’Donnell // November 25, 2025 (Image credit: DerTobiSturmjagd/Pixabay.) ZestyAI (San Francisco) has announced that insurance regulators in West Virginia, Georgia, South Dakota, Montana, Oregon, and Utah have reviewed and accepted its Severe Convective Storm (SCS) risk models for use in carrier rate and rule filings. The approval includes the...
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Published on: 2025-11-25
Source:
Insurance Journal
The insurers' lead adjuster, Anthony DeCesare, never showed up to any of the three property inspections conducted over the years, the association alleges. Meanwhile, the insurers brought in engineering firm Thornton Tomasetti and building consultant Young & Associates, who the association claims have a pattern of creating "biased, outcome driven...
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Published on: 2025-11-25
Source:
Insurance Business Magazine
Article 0 Comments On the hunt for cheap and fast strategies to prevent deadly wildfires, utilities across the U.S. and Europe are contracting with a handful of artificial intelligence startups to map wildfire risk along thousands of miles of power lines, picking out individual trees to cut and poles to...
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Published on: 2025-11-25
Source:
News – Claims Journal
The court’s reasoning focused on the statutory structure. It emphasized that the Insurance Code authorizes the commissioner to adopt a plan of operation for TWIA and to set how member participation is determined annually. The opinion cites Section 2210.052, which directs that participation be determined annually in the manner provided...
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Published on: 2025-11-25
Source:
Insurance Business Magazine
Article 0 Comments Elon Musk’s social media platform X has ended its lawsuit against elite law firm Wachtell, Lipton, Rosen & Katz that sought to recover most of a $90 million fee the firm received for defeating Musk’s bid to walk away from his multibillion-dollar purchase of Twitter. X told...
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Published on: 2025-11-25
Source:
News – Claims Journal
Article 0 Comments A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified driver on U.S. Route 74 in Swain...
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Published on: 2025-11-25
Source:
News – Claims Journal
Article 0 Comments Royal Bank of Canada denies claims that it fostered a “boys’ club” environment at its U.S. capital-markets business, disputing allegations that the firm engaged in sex-based discrimination against female bankers and offered unequal pay and promotions to women. In a federal lawsuit filed in Manhattan court earlier...
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Published on: 2025-11-25
Source:
News – Claims Journal
Competitive segments maintain broad capacity Competitive segments, such as home healthcare and certain allied health lines, maintain broad capacity and modest rate increases, supported by strong market competition. High-severity sectors, including human and social services and senior care, face constrained capacity and significant rate hikes, with excess limits being reduced or withdrawn...
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Published on: 2025-11-24
Source:
Insurance Business Magazine
Anthony R. O’Donnell // November 24, 2025 (Image source: Counterpart website.) Counterpart (Los Angeles) has expanded its Affirmative Artificial Intelligence Coverage and added a Technology Errors & Omissions Insuring Agreement to its Miscellaneous Professional Liability and Allied Health products. The move aims to address growing gaps in liability coverage stemming...
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Published on: 2025-11-24
Source:
Insurance Journal
Pragatee Dhakal // November 24, 2025 (Image credit: Claimaccident/Pixabay.) In Part 1 of this two-part series, I explored how legal system abuse is reshaping claims behavior, driving up costs and creating new pressures for underwriting and legal teams. With those challenges in view, Part 2 turns to the response. Insurers...
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Published on: 2025-11-24
Source:
Insurance Journal
Article 0 Comments Crawford & Company CEO Rohit Verma is stepping down at the end of the year to take the helm of another firm, and the company has named Crawford veteran W. Bruce Swain, Jr. interim president CEO. Swain, currently the company’s chief financial officer, will also become a...
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Published on: 2025-11-24
Source:
News – Claims Journal
To bridge that divide, Acrisure rolled out Simple Cyber℠, a bundled solution that combines managed detection and response (MDR), email security, and optional cyber coverage into one package. “It reflects a shift toward holistic protection - delivering both proactive defenses and financial risk transfer in one solution,” he said. ...
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Published on: 2025-11-24
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Insurance Business Magazine
The timeline matters here. VSS Carriers reported the alleged hail damage on March 3, 2025, more than five months after the September 25, 2024 loss. Travelers issued an initial payment of $257,773.68, followed by a supplemental $285,116.59, totaling $542,890.27. VSS Carriers rejected this and claimed the damage should be valued...
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Published on: 2025-11-24
Source:
Insurance Business Magazine
In July 2019, Rorapaugh's spouse was killed in a motor vehicle accident while working. Rorapaugh filed for workers' compensation benefits that August and, a year later, sued the other driver and vehicle owner in federal court in the Northern District of New York. By February 2021, the parties reached a...
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Published on: 2025-11-24
Source:
Insurance Business Magazine
Frank McGann spent 32 years with the Authority, retiring in May 2021 as a senior meter reader. After he left, he reported intermittent tingling and pain in both hands and wrists that had worsened over the prior two years and was diagnosed with bilateral carpal tunnel syndrome. His treating physician,...
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Published on: 2025-11-24
Source:
Insurance Business Magazine
Article 0 Comments United Parcel Service Inc. and FedEx Corp. are working to secure enough freighters as they grapple with a ban on a pillar of their air-cargo fleets through the crucial holiday delivery season, and potentially beyond. An indefinite grounding of the workhorse MD-11 jet is in place as...
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Published on: 2025-11-24
Source:
News – Claims Journal
During his tenure, Mais oversaw the creation of the Connecticut Severe Weather Mitigation and Resiliency Council, an initiative focused on property-risk mitigation strategies. He served as immediate-past president of the National Association of Insurance Commissioners and as vice chair of the International Association of Insurance Supervisors' executive committee. ...
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Published on: 2025-11-24
Source:
Insurance Business Magazine
AIG, Great American and WR Berkley are established leaders in the insurance market, and their coordinated approach signals a broader industry trend - traditional insurers are adjusting their underwriting practices to keep pace with rapidly evolving technology. For policyholders, this development may influence the types of coverage available, the terms of...
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Published on: 2025-11-24
Source:
Insurance Business Magazine
Article 0 Comments Simplifai named Ronald Kasteel its chairman of the board. Kasteel will be responsible for global growth strategy, board governance and industry partnership. He has experience in operational leadership roles, including serving as group CEO of Ordina. He also co-founded Keylane, a provider of insurance and pension platforms...
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Published on: 2025-11-24
Source:
News – Claims Journal
What makes SCS unique - and challenging for insurers Severe convective storms include a range of weather phenomena such as tornadoes, hailstorms, straight-line winds, and derechos. Unlike hurricanes, which typically impact broad regions with advance warning, SCS events are often highly localized and can develop rapidly, sometimes with little notice....
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Published on: 2025-11-23
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Insurance Business Magazine
Article 0 Comments This year’s Atlantic hurricane season will be remembered for bursts of extreme weather intensity falling between long and quiet stretches with no tropical activity. It was also the first season without a U.S. hurricane landfall in 10 years. That’s the summary for the season from AccuWeather out...
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Published on: 2025-11-21
Source:
News – Claims Journal
Sarah Thomas (pictured), managing partner at Jones and Jones, said the aviation workforce has been under “higher-pressure” conditions. With mass flight delays, cancellations, and added staffing issues, insurers and aviation firms alike are bracing for a wave of workplace injury, stress and assault-related claims. ...
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Published on: 2025-11-21
Source:
Insurance Business Magazine
Chasing a moving target North acknowledged that the industry is still responding reactively to threats, a position largely dictated by the nature of the risk. “Threat actors are constantly developing new schemes, new methods of attack. And the reality is they only have to get it right once,” she said....
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Published on: 2025-11-21
Source:
Insurance Business Magazine
Anthony R. O’Donnell // November 21, 2025 (Image credit: Brody Wesner/Wikipedia.) Insurity (Hartford), has launched its Andromeda product release, introducing AI-powered enhancements across its full product suite. The release is part of a $50 million research and development investment focused on automation, underwriting precision, and operational efficiency. Jatin Atre, Chief Business...
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Published on: 2025-11-21
Source:
Insurance Journal