While competition in personal auto insurance is rising to levels high enough to dent customer retention at GEICO, a giant mutual insurer and a reciprocal exchange have both tapped into a customer-friendly option unavailable to large stock insurers. State Farm …
How State Farm, USAA Boost Customer Retention: Historic Dividends Read More »
In the wake of recent weather events around the world, whether it’s the bomb cyclone that hit the US from the Gulf Coast to New England, or the combination of Storms Ingrid and Chandra battering the south coast of the …
Viewpoint: Business Interruption Insurance Must Catch Up With Climate Volatility Read More »
The U.S. financial services industry is on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran, with firms stepping up monitoring for threats that often rise during periods of geopolitical conflict, said executives and analysts. The killing …
Banks on High Alert for Cyberattacks as Iran War Escalates Read More »
Editor’s note: No significant tort-reform legislation is currently making its way through the Alabama Legislature. But at least one state senator is calling for action. Good news continues to roll out of the Sunshine State. Florida Governor Ron DeSantis recently …
Viewpoint: Alabama Needs Tort Reform, Too, as Litigation Costs Rise Read More »
Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association in a hurricane claim, three years after the condo claimed damages that insurers said were so inflated that they were termed “outrageous.” “This matter involves an egregious …
Westchester Close to Settling on Hurricane Sally Condo Claim That Topped $230M Read More »
A waterworks products company facing asbestos claims is entitled to tap its Chubb excess insurance policy because its primary insurance has been “exhausted” as a result of the primary carrier’s insolvency and its inability to pay any covered claims. A …
Primary Carrier’s Insolvency Triggers Excess Carrier’s Obligation Read More »
Merchants Insurance Group, headquartered in Buffalo, New York, appointed Pete Walkup as its vice president, head of claims. Walkup oversees all claims operations, with an emphasis on operational performance, process modernization, and delivering value to policyholders. Walkup joins Merchants from …
People Moves: Merchants Insurance Appoints Walkup as Head of Claims Read More »
California safety regulators levied a heavy fine against a metal fabricator over an incident that cost a worker a finger. Cal/OSHA fined All FAB Precision Sheetmetal $212,850 after a June 2025 press brake incident in San Jose amputated a worker’s …
Cal/OSHA Fines Fabricator $212K Over Employee Finger Amputation Read More »
New York City paid more than $117 million last year to settle police misconduct lawsuits in cases ranging from the violent arrests of protesters in 2020 to bad police work that led to wrongful convictions in the 1980s, according to …
New York City Paid $117 Million Last Year for Police Misconduct Settlements Read More »
