By L.S. Howard Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. “The orderly completion of the renewal, with no structural disruption, disciplined capacity, and …
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War Read More »
Casualty claims are becoming more expensive at a faster rate, but medical professional liability stands out as one casualty line where compounding factors are turning severity deterioration into a heightened risk. According to an S&P Global Market Intelligence report written …
By Jim Vertuno Texas health regulators told Camp Mystic’s owners they are investigating hundreds of complaints following last year’s devastating floods that killed 27 girls as the state considers whether to allow the all-girls camp to reopen this summer. The …
Texas Officials Investigating Complaints Against Camp Mystic Read More »
By Ezra Amacher A federal judge last month approved a preliminary class settlement resolving allegations State Farm underpaid Arkansas policyholders for total loss vehicle claims by applying an erroneous valuation method. Under the settlement agreement, State Farm will pay $15.6 …
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims Read More »
A new online dashboard will allow policymakers in Tennessee to move beyond superficial data and take a deep dive into why certain rural counties struggle, experts at East Tennessee State University said. The Tennessee Livability Indicators Dashboard was developed by …
New Online Portal Will Allow a Deeper Dive Into Rural Tennessee Read More »
The Tennessee Department of Commerce and Insurance has joined a few other states in urging insurers to be careful about using aerial imagery in making claims and nonrenewal decisions, following some complaints from homeowners. The department is not aiming to …
Another State, Tennessee, Warns Insurers About the Proper Use of Drone Images Read More »
Florida has the largest wind-mitigation grant program in the country, providing more than $300 million to homeowners over the last few years, resulting in insurance premium discounts for thousands of people. But it’s not enough. The program is not targeted …
Florida Needs Much More Wind Mitigation Efforts. Researchers Have Some Bold Ideas. Read More »
Alabama has a new law governing captive insurance companies, and supporters hope it means that state regulators will soon lift a moratorium on new captives. “The law takes effect in June, so we’re hoping that maybe by the end of …
Companies Hope New Alabama Law Will Help End Moratorium on Captives in the State Read More »
