With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry’s aggregate 2024 combined ratio was 96.5—marking the lowest figure since 2013, a new report shows. Fine-tuning a slightly higher industry aggregate …
2024 P/C Insurance Combined Ratio: Best in More Than a Decade Read More »
It’s not just a few Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports on property damage in recent years. It’s also major national insurers, including Allstate and State Farm, adjusters and policyholders alleged at a U.S. Senate hearing …
State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing Read More »
Inland marine managing general underwriter TIMBY Specialty Insurance Solutions launched its Warehouse Legal Liability Coverage, a product specifically for public and contract warehouses that handle third-party property. With limits up to $5 million per location, WHLL offers options covering additional …
TIMBY Specialty Launches Warehouse Legal Liability Coverage Read More »
In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state’s longtime reputation as Corporate America’s capital, Reuters has found. …
In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware Read More »
Paul Roberts joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in Boston, Massachusetts, the consultant has expertise in employee benefits, risk management and retirement consulting to service a diverse national …
People Moves: Roberts Joins Alliant in Boston; MEMIC Promotes Amoateng and Finn Read More »
Capital One was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of cheating depositors with its flagship “high interest” savings accounts out of millions of dollars in interest. The lawsuit followed the U.S. Consumer …
New York Sues Capital One for Cheating Savings Depositors Read More »
A technological glitch caused an emergency alert to be mistakenly sent to millions of Los Angeles County residents in January rather than only those in the proximity of a wildfire, according to a congressional report. The mistaken alert on Jan. …
LA County Wildfire Alert Mistakenly Sent to Millions Due to Tech Glitch Read More »
Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates and other roadway barriers after U.S. auto safety investigators opened a probe last year. The recall affects 1,212 Waymo vehicles …
Waymo Recalls 1,200 Self-Driving Vehicles After Minor Collisions Read More »
More than 200 firefighters battled a massive blaze that broke out at a west Baltimore warehouse, disrupting Amtrak service in the area and prompting officials to move dozens of area residents. Commuter rail service was canceled Tuesday amid fears the …
More Than 200 Firefighters Battled Warehouse Blaze in Baltimore. No Injuries Reported Read More »
Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California …
Report: California Workers’ Comp Combined Ratio Highest in 14 Years Read More »
