The battle between Applied Systems and Comulate has taken a new turn with a new federal antitrust lawsuit from Comulate. Late last year the competitors in the insurance technology market traded litigation. Applied Systems sued Comulate on allegations that Comulate …
European policymakers should fuel market turbulence to pressure US President Donald Trump to back down from his Greenland claim, according to a senior executive at Allianz Global Investors. “If I were an adviser to some European governments, I would say …
Allianz Executive Pushes EU to Pressure US With Market Volatility Read More »
Bermuda-based re/insurers monitored by Fitch are expected to see a drop in underwriting profit in 2025, reporting an average combined ratio of 92% in 2025, up from 90.7% in 2024, the ratings agency said. For the first nine months of …
Bermuda Re/Insurers to See U/W Profit Drop; M&A Returns as Organic Growth Wanes Read More »
A new report from the Alabama Department of Insurance suggests that claims litigation and big verdicts are on the rise in the state, inflating loss costs for insurers and putting upward pressure on auto and commercial liability premiums. “…The average …
Alabama DOI Report Shows Litigation is Up, Raising Liability Costs and Rates Read More »
World Insurance Associates reported it has acquired the business of Jersey Coast Insurance of Margate City, New Jersey. Terms of the October 1.2025 transaction were not disclosed. Jersey Coast Insurance offers both personal and commercial lines of insurance; specializing in …
World Insurance Acquires Jersey Coast Insurance Read More »
An integrated healthcare consortium headquartered in Oakland, California, that are affiliates of Kaiser Permanente agreed to pay $556 million to resolve allegations that they violated the False Claims Act by submitting invalid diagnosis codes for their Medicare Advantage Plan enrollees. …
A federal judge on Friday cleared U.S. power company Dominion Energy to resume work on its Virginia offshore wind project, the third legal blow this week to President Donald Trump’s anti-offshore wind agenda. Judge Jamar Walker of the U.S. District …
Judge Allows Virginia Offshore Wind Project to Restart in Another Setback for Trump Read More »
What constitutes a fortuitous loss in Arizona? That’s the question the 9th U.S. Circuit Court of Appeals has asked the Arizona Supreme Court to answer to resolve a commercial property damage dispute. The circuit court is seeking clarity from the …
Appeals Court Asks Arizona Justices to Define ‘Fortuitous Loss’ Read More »
