The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. However, it’s a winding road, according to the 2025 annual LexisNexis …
Rate Growth Slows, Moving Violations Increase: The Road Ahead for Auto Read More »
AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a+” (Excellent) of the Vermont and California members of Nonprofits Insurance Alliance Group. …
AM Best Downgrades Nonprofits Insurance Alliance Members in California, Vermont Read More »
The Liberty Company Insurance Brokers hired Connor Dann as vice president, producer. Dann is based in Liberty’s Woodland Hills, California, office. In his new role, Connor focuses on expanding Liberty’s presence in key markets, particularly within the construction and real …
People Moves: Dann Joins The Liberty Company in California as Vice President Read More »
The U.S. Department of Labor recovered $824,276 in back wages and damages for 680 employees of a Las Vegas drywall contractor, which reported denied overtime pay to piece-rate and hourly workers. The department’s Wage and Hour Division investigated Spectrum Construction …
Las Vegas Drywall Contractor Must Pay $824K in Wages, Damages Read More »
A federal appeals court won’t reconsider its ruling upholding a $5 million civil judgment against President Donald Trump in a civil lawsuit alleging he sexually abused a writer in a Manhattan department store in the mid-1990s. In an 8-2 vote …
Trump Denied Reconsideration of $5M Judgment in E. Jean Carroll Sex Abuse Case Read More »
Connecticut lawmakers have passed a measure to shift the cost of auto insurance arbitration hearings between claimants and insurers over damage claims to the insurance industry. Currently the department of insurance absorbs the average $3,075 cost to hold each of …
Connecticut Hopes to Curb Auto Claims Arbitration by Shifting Cost to Insurers Read More »
In the days before Javarick Gantt was strangled to death in jail, he was forced to share a cell with a first-degree murder suspect whose violent behavior had already alarmed his previous cellmate, according to a lawsuit filed Tuesday. Gantt, …
Lawsuit Filed Over Jailhouse Killing of Deaf Man in Maryland Read More »
As best as I can recall, the first article I wrote about certificates of insurance (COIs) was in 2002, over two decades ago. For the next four years, I wrote more on that subject than any other property/casualty issue, culminating …
Certificates of Insurance…Or How I Got a Job in the Prison Laundry Read More »
By William Rabb When Tampa-based Slide Insurance registered for an initial public stock offering in May, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities …
A North Carolina insurance agency cannot escape a lawsuit brought by a homeowner whose claim was denied because key elements of the property were not mentioned in the coverage application. In a case that began almost a decade ago and …
