Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program (NFIP). Congressmen Troy A. Carter, Sr., D-La., and Mike Ezell, R-Miss. introduced H.R. 5848, …
Legislation Introduced to Retroactively Restore NFIP Amid Government Shutdown Read More »
The Texas workers’ compensation system saw a modest $12 million loss in 2024 as insurers reported an increase in direct losses paid and overall, according to a report compiled by the Insurance Council Texas (ICT). The 2025 Texas Workers’ Compensation …
Texas Workers’ Compensation System Reports $12M Loss in 2024, Report Finds Read More »
Airlines canceled more than 2,200 U.S. flights on Sunday and Transportation Secretary Sean Duffy warned air travel will fall to a “trickle” in the run-up to the Thanksgiving holiday as air traffic control staffing shortages surge. Major airlines were dealing …
Flight Delays, Cancellations Accelerate as Air Traffic Controller Shortages Surge Read More »
President Donald Trump on Friday accused meatpacking companies of driving up U.S. beef prices, which have hit records, through manipulation and collusion, and ordered the Justice Department to investigate. Attorney General Pam Bondi said in an X post the probe …
US Justice Department Probes Meatpackers, Attorney General Says Read More »
An oil tanker was boarded by suspected pirates in the Indian Ocean to the east of the Somali coast, the most serious in a string of recent incidents in the area. The attackers were operating from a nearby mothership and …
Oil Tanker Boarded by Suspected Pirates in Indian Ocean Read More »
Analysts’ projections of slower growth and smaller underwriting margins ahead for personal auto insurers started to play out ever so slightly in third-quarter results of two giant auto insurers this week. Both Progressive and GEICO reported higher personal auto combined …
What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth Read More »
Florida insurers will no doubt remember the time more than two years ago when one of the largest plaintiffs’ law firms in the state gave notice that it was planning to file tens of thousands of claims lawsuits ahead of …
As in Florida, Georgia Saw Big Jump in Lawsuits Ahead of Major Litigation Limits Read More »
Fire destroyed Miami Heat coach Erik Spoelstra’s home last week, with officials saying more than 20 units were dispatched in what became a frantic, futile effort to save the property. Nobody was in the home when the fire broke out, …
Fire Destroys Miami Heat Coach’s $6.5M Home in Coral Gables. No One Hurt. Read More »
Insurance Journal’s Risky Future series is hosting the “AI Tools for MGAs” Demo Day, a series of free AI tool demos give viewers a rapid-fire experience of AI technology tools designed exclusively for managing general agencies. The latest online event …
Risky Future AI Tools for MGAs ‘Demo Day’ on Nov. 12 Read More »
The Missouri Department of Commerce and Insurance (DCI) sent a bulletin to insurers last week stating that insurers should avoid non-renewals and cancellations for master policies issued to condominiums that experienced damage from severe storms this year. DCI sent out …
Missouri DCI Tells Insurers to Halt Condo Policy Cancellations Amid Storm Damage Cleanup Read More »
