Bermuda-based re/insurers monitored by Fitch are expected to see a drop in underwriting profit in 2025, reporting an average combined ratio of 92% in 2025, up from 90.7% in 2024, the ratings agency said. For the first nine months of …
Bermuda Re/Insurers to See U/W Profit Drop; M&A Returns as Organic Growth Wanes Read More »
A new report from the Alabama Department of Insurance suggests that claims litigation and big verdicts are on the rise in the state, inflating loss costs for insurers and putting upward pressure on auto and commercial liability premiums. “…The average …
Alabama DOI Report Shows Litigation is Up, Raising Liability Costs and Rates Read More »
World Insurance Associates reported it has acquired the business of Jersey Coast Insurance of Margate City, New Jersey. Terms of the October 1.2025 transaction were not disclosed. Jersey Coast Insurance offers both personal and commercial lines of insurance; specializing in …
World Insurance Acquires Jersey Coast Insurance Read More »
An integrated healthcare consortium headquartered in Oakland, California, that are affiliates of Kaiser Permanente agreed to pay $556 million to resolve allegations that they violated the False Claims Act by submitting invalid diagnosis codes for their Medicare Advantage Plan enrollees. …
A federal judge on Friday cleared U.S. power company Dominion Energy to resume work on its Virginia offshore wind project, the third legal blow this week to President Donald Trump’s anti-offshore wind agenda. Judge Jamar Walker of the U.S. District …
Judge Allows Virginia Offshore Wind Project to Restart in Another Setback for Trump Read More »
What constitutes a fortuitous loss in Arizona? That’s the question the 9th U.S. Circuit Court of Appeals has asked the Arizona Supreme Court to answer to resolve a commercial property damage dispute. The circuit court is seeking clarity from the …
Appeals Court Asks Arizona Justices to Define ‘Fortuitous Loss’ Read More »
A Portland, Oregon, boy is struggling to recover from infant botulism after drinking contaminated ByHeart baby formula donated through a program that aims to help poor and homeless families. Ashaan Carter, now 10 months old, was hospitalized twice and remains …
Oregon Baby Still Battling Botulism After ByHeart Formula Exposure Read More »
The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure. The recall affects GM vehicles equipped with a L87 6.2L V8 gas engine that experienced …
NHTSA Opens Probe Into About 600,000 GM Vehicles Over Engine Failure Issue Read More »
Oklahoma Attorney General Gentner Drummond announced the State of Oklahoma has reached a settlement agreement with George’s, Inc., resolving claims related to poultry litter pollution in the Illinois River Watershed. “This settlement demonstrates that fair, good-faith negotiations can produce outcomes …
Oklahoma Reaches Settlement With Poultry Company Over Litter Pollution Read More »
A federal court has ordered a Cincinnati, Ohio civil engineering firm and its owner to pay $45,699.63 to employee accounts in the company’s 401(k) plan after the U.S. Department of Labor found the company violated federal employee benefits law. The …
Ohio Engineering Firm Penalized for 401(k) Plan Breach Read More »
