Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must approach …
Florida’s Evolving Bad-Faith Landscape: What Claims and Insurance Pros Need to Know Read More »
Hurricane Erick made landfall on the coast of Oaxaca, Mexico, on Thursday morning, authorities said, potentially bringing intense rains and life-threatening floods and mudslides. The storm made landfall around 5:30 am local time in the town of Santiago Pinotepa Nacional, …
Major Hurricane Erick Hits Mexico’s Pacific Coast, With Life-Threatening Floods Expected Read More »
Almost a year since the Copa America final nearly ended in tragedy, big numbers of soccer fans are back at Hard Rock Stadium — this time for the Club World Cup with heightened security. A combined crowd of nearly 120,000 …
Hard Rock Stadium Tightens Security at Club World Cup After Miami Chaos Last Year Read More »
California utilities are mulling power shutdowns as breezy dry conditions across the state raise the risk of wildfires. Pacific Gas & Electric Corp. may turn off power to at least 11,543 customers in 15 counties, according to its website. Southern …
California Utilities Weigh Power Shutdowns as Dry Winds Approach Read More »
Alabama’s insurance commissioner this week urged property insurers to be judicious in the use of drones and aerial imagery in making nonrenewal decisions, but stopped short of issuing new regulations. “If an insurer uses aerial imagery as a basis for …
Alabama DOI Encourages Insurers to Use More Than Drones in Nonrenewals Read More »
Aon Promotes Rieth to Global Cyber Leader Aon plc, headquartered in London, promoted Brent Rieth to global cyber leader within Commercial Risk Solutions. Rieth, based in Chicago, Illinois, currently serves as head of Cyber Solutions, North America, will now lead …
People Moves: Aon Promotes Rieth to Global Cyber Leader Read More »
A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging scheme to defraud insurers through staged construction accidents and fraudulent …
Racketeering Suit Alleges NY Insurance Fraud Scheme by Lawyers, Medical Providers Read More »
The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in tornado activity to “Tornado Alley,” but claim volume decreased to a five-year low, according to a quarterly property …
Verisk: Q1 Claims Volume Hits 5-Year Low but Severity Up on Wildfire Losses Read More »
The Clear Group, he London-based insurance intermediary, announced the acquisition of C.R. Toogood & Co. Ltd., a commercial insurance broker based in East Horsley, Surrey, UK. Financial details of the deal were not disclosed. Clear said this strategic move underscores …
Clear Group Acquires UK Commercial Broker, C.R. Toogood & Co. Read More »
The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …
Mideast Ship Insurance Costs Jump Following Iran-Israel Attacks Read More »
