March 24 will mark two years since Republican Florida Governor Ron DeSantis signed tort reform measures into law. HB 837 took direct aim at an epidemic of litigation, the factor most responsible for steep increases in homeowners’ insurance rates and …
Florida Tort Reform: Happy Second Birthday Read More »
Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most destructive in California history. The suit alleges that equipment owned by the company’s Southern California Edison utility caused the Eaton …
Los Angeles County Sues Utility Edison Over Deadly Wildfire Read More »
This post is part of a series sponsored by CoreLogic. As property insurance costs continue to rise, homeowners and insurers alike are facing new challenges. While hurricanes and wildfires often dominate discussions around natural disasters, severe convective storms (SCS) remain …
Property/casualty middle-market insurance broker NFP, an Aon company, recently announced its acquisition of Lyons Insurance Agency, Inc., a multiline insurance broker located in Wilmington, Delaware. David Lyons and Tim Lyons, vice presidents of Lyons, will join NFP as senior vice …
Aon’s NFP Acquires Lyons Insurance in Delaware Read More »
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of Westfield Insurance Company and …
AM Best Revises Outlook to Stable for Ohio’s Westfield Read More »
The president and CEO of the American Property Casualty Insurance Association issued a statement calling the tariffs on Mexico, Canada, and China a disruption as many homeowners attempt to rebuild after recent natural catastrophes. “Tariffs can be effective tools of …
APCIA: Tariffs to Hurt Families and Business Owners, Affect Affordability Read More »
The U.S. Supreme Court was hearing arguments on Wednesday on whether the Nuclear Regulatory Commission has the authority to license nuclear waste storage facilities amid objections brought by the states of Texas and New Mexico as well as the oil …
Supreme Court Hears Texas Nuclear Waste Storage Dispute Read More »
Global specialty insurance firm Ryan Specialty is launching a new practice group focusing on specialty, class specific package business on both an admitted and non-admitted basis. The new group will be within its underwriting managers specialty, Ryan Specialty Underwriting Managers …
Markets/Coverages: Ryan Launches Specialty National Programs Group Read More »
As the chief executive officer of Caelux, Scott Graybeal runs a technology startup in Baldwin Park, California, that makes high-efficiency glass for solar panels. For years, climate change had been a crucial part of Graybeal’s business conversations — until Donald …
Trump’s Return Prompts Companies to Stifle Climate Talk With ‘Greenhushing’ Read More »
The steady growth in excess and surplus lines’ business in Florida appears to be leveling off, another sign that the insurance market in the state is settling down after years of turbulence. “January’s figures signaled a shift, and February 2025 …
Florida E&S Market Leveling Off After Years of Growth, FSLSO Data Show Read More »
