Is the Broken Florida Homeowners Insurance Market Finally Fixed?
Between 2017 and 2022, 11 property and casualty insurers writing mainly homeowners insurance in Florida, where they were domiciled, were declared insolvent and placed in ...
Markets
Customer Satisfaction With Digital Claims Declines Again: J.D. Power
Customer satisfaction with insurers' digital claims systems declined for the second consecutive year, according to a J.D. Power survey of auto and home ...
Chubb Announces Plans for New Philadelphia Office
Chubb has announced plans for a new Philadelphia office that will occupy a state-of-the-art building to be constructed at 2000 Arch Street.
CyberCube Gets $50M in Financing for Cyber Risk Analytics
CyberCube announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation ...
OSHA: Amazon Failed to Record Some Warehouse Injuries
Amazon failed to properly record work-related injuries at warehouses located in five states, a federal agency said Friday while announcing it issued more than a dozen ...
Attorneys: Ransomware a Multi-Layered Risk for Policyholders
The evolution of ransomware is bringing a wider range of risks to insurance policyholders, with new government regulations, exfiltration of data and state-sponsored ...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any ...
Munich Re to Launch Specialty Insurance Division
Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are ...
Lawsuit Against State Farm Alleges Racial Discrimination in Claims Handling
State Farm's claims handling process is the subject of a new lawsuit alleging disparities between the insurer's treatment of claims from Black policyholders versus claims ...
D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz
Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions, a slowdown in M&A activity, as ...