By Allen Laman Risk appetite among high-net-worth individuals has dropped sharply, according to a new high-net-worth outlook from HUB International. Per the report, only 25% of HNW individuals are willing to assume more risk for premium savings–down from 39% in …
High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization Read More »
By Chad Hemenway The value of the 10 highest class-action settlements in 2025 exceeded $70 billion for the first time ever. In fact, the total was nearer to $80 billion across all areas of litigation, according to law firm Duane …
10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris Read More »
Recently, policyholder attorney Chip Merlin blogged about a vacancy exclusion found in many property insurance policies. His article cited a California Supreme Court decision that overturned a claim denial based on a vacancy exclusion. In TRB Investments, Inc. v. Fireman’s …
Does ‘Under Construction’ Include ‘Renovation’? Read More »
An exoskeleton system developed initially by Vanderbilt University researchers decreased strain, sprain and lifting injuries by as much as 62% over months of study, signaling a way to reduce some of the most common workers’ compensation claims. The HeroWear company, …
New Exoskeleton System Said to Reduce Back and Strain Injuries by Almost Two-Thirds Read More »
A vast swath of the US — sweeping east from the Southern Rockies to the Mid-Atlantic and New England — is on alert for winter-storm conditions that could last days, disrupting travel and threatening blackouts. By Friday evening, a mix …
Sweeping US Winter Storm Threatens Blackouts and Snarled Travel Read More »
Pacific Life Insurance Company on Thursday asked a federal court to dismiss the $8.5 million lawsuit filed by NASCAR champion Kyle Busch and his wife over policies the Buschs claim were sold to them under false and negligent representations as …
Pacific Life Seeks to Dismiss Kyle Busch’s $8.5M Lawsuit Over Insurance Policies Read More »
Starwind Specialty Insurance Services, a CRC Group division, announced a series of leadership appointments within Starwind Marine and Energy that further strengthen its long-term strategy for growth and technical excellence across the marine and energy sectors. The appointments took effect …
People Moves: Starwind Marine and Energy Announces Leadership Appointments Read More »
Coterie Insurance, a small business MGA, announced Mark Seich as the company’s new Chief Revenue Officer overseeing revenue strategy across distribution, agency engagement, marketing, and customer experience. Seich served as VP of Marketing & Distribution at The Philadelphia Contributionship, where …
People Moves: Coterie Appoints Seich as Chief Revenue Officer Read More »
A product liability dispute is bubbling between a popular salsa and hot sauces company and its manufacturer. Iowa-based Lola’s Fine Sauces alleges in a lawsuit that it lost several hundred thousand dollars after customers complained that Lola’s bottled products bubbled, …
Hot Sauce Company Sues Manufacturer Over Exploding Bottles Read More »
Prudential Financial Inc.’s Japan insurance head vowed to bolster governance after revelations that improper actions by more than 100 current and former staff cost customers about $20 million. The chief executive officer of the unit, Kan Mabara, “deeply” apologized for …
Prudential Japan Pledges Reforms After Widespread Misconduct Read More »
