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 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 »
If you are on any social media platform, you’ve likely seen them. Medical professionals who are gaining a following because of the funny way they portray the medical community. Medical professionals who are fighting against misinformation (as they define it). …
Could Social Media Open the Door to Medical Liability Exposures? Read More »
By Chad Hemenway U.S. cyber insurers in 2025 reversed a couple of years of decline in direct written premiums to post growth of 11%, but according to Fitch Ratings, there are some underwriting concerns brought on by developments with artificial …
AI Use in Cybersecurity Could Show Holes in Short Term, Says Fitch Read More »
Inszone Insurance Services announced the acquisition of Mena Insurance Agency, Inc. This strategic acquisition brings a century-old institution and an experienced team into the Inszone organization, further expanding its footprint in Arkansas. Founded in 1911 by H.G. McLafferty, Mena Insurance …
Inszone Acquires Arkansas’ Mena Insurance Agency Read More »
In a rare crossing of insurance lines, Alabama-based Protective Life Insurance Co. is moving to expand into property/casualty lines by acquiring Obsidian Insurance Holdings, Inc., a New York-based property, casualty and specialty insurance platform. The companies say the acquisition will …
Protective Life to Acquire P/C Specialty Insurance Carrier Obsidian Read More »
Former Florida governor and U.S. Rep. Charlie Crist is seeking yet another office, this time running for mayor of his hometown of St. Petersburg. Crist, 69, has been a Republican, a Democrat and an independent during his political career. He …
Charlie Crist is Running for St. Petersburg Mayor Read More »
Commodity trader Mercuria is suing the Baltic Exchange, the world’s top provider of benchmark shipping indices, over losses it said were caused by oil tanker pricing data that did not account for the effective closure of the Strait of Hormuz, …
Trader Mercuria Sues Baltic Exchange Over Hormuz Freight Losses, Court Filing Shows Read More »
An arraignment has been rescheduled for a former sheriff’s detective in Tennessee who is charged with setting fire to his own vehicle and filing a fraudulent insurance claim. Daniel Lee Garrett, 44, who until recently was with the Scott County …
Tenn. Detective Facing Charges of Burning His Own Car, Filing False Insurance Claim Read More »
The U.S. House of Representatives on Thursday passed its version of a five-year farm bill after stripping a provision opposed by the “Make America Healthy Again” movement that would have blocked some lawsuits against pesticide makers. The House passage shows …
US House Passes Farm Bill After Scrapping Pesticide Language opposed by MAHA Read More »
