By Chad Hemenway Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at the firm and co-author of its …
Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge Read More »
By L.S. Howard Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could demonstrate differentiated strategies, reinsurance brokers Aon, Gallagher …
Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers Read More »
This article follows Part One from last month and covers group benefits and health insurance, the effects of natural disasters on insurance, insurtech and technology, and market conditions. Group Benefits and Health Insurance Today’s younger employees expect benefits packages to …
Industry Trends to Exploit for 2025 – Part Two Read More »
Have you felt like hiring and recruiting has been harder lately? It’s tough to find good candidates. People seem less committed to the process. There’s more competition with offers. With so many ups and downs, I sometimes wonder if the …
Big Recruiting Challenges Ahead for Insurance Agencies in 2025 Read More »
The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses damages, credit ratings—and lately worrying outlooks for the effect of the fires on insurance rates. …
LA Wildfires by The Numbers: Insured Losses, Total Losses, Ratings, Rates Read More »
Fitch Ratings said in an outlook revision that it expects Mercury General Corp.’s credit profile will withstand the impact of the Eaton and Palisades fires near Los Angeles, but the agency also gave a negative outlook that reflects “the potential …
ZestyAI, a provider of AI-powered property and risk analytics, announced that its Severe Convective Storm suite, including Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Minnesota Department of Commerce. This milestone supports Minnesota insurers in improving storm risk …
ZestyAI Approved in Minnesota Read More »
A U.S. auto safety agency said on Friday it is reconsidering a landmark rule from the administration of former President Joe Biden requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The National …
Trump Administration Reviewing US Automatic Emergency Braking Rule Read More »
Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Department of Insurance recovered more than $11.8 million for Kansans in 2024. The Department’s Consumer Assistance Division has recovered over $47.7 million for Kansans since Commissioner Schmidt first took office in 2019. …
Kansas Department of Insurance Recovers $11.8M in 2024 Read More »
One of the world’s biggest crop traders has halted loading of grain vessels at US Gulf terminals as the region’s worst snowstorm in 130 years slams the region. Archer-Daniels-Midland Co. declared force majeure in southern Louisiana with vessels struggling to …
Crop Trader Declares Force Majeure Along US Gulf During Rare Southern Snow Read More »
