Markets
Lawsuit, Adjuster Say UPC Altered Louisiana Estimate After Hurricane Ida
The practice of insurance companies revising independent adjusters' damage reports may be as widespread in Louisiana as it is in Florida, according to adjusters and a plaintiffs' attorney who has ...
Dog-Related Injuries Cost Insurers More Than $1 Billion in 2022
Insurers paid out more than $1 billion in dog-related injury claims in 2022, a 28 percent increase over 2021 even though the number of claims decreased last year, according to the Insurance ...
U.S. States Consider Ban on Cosmetics With ‘Forever Chemicals’
A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of synthetic, potentially harmful chemicals known as PFAS. In Vermont, the ...
What Insurers Should Know About PFAS
Scientists faced a problem when the space race was heating up in the mid-20th century. They needed to develop materials to withstand the heat of atmospheric entry and corrosive effects of water when ...
Courts Mixed on PFAS Coverage Litigation
A handful of coverage lawsuits have been decided over the application of pollution exclusions to deny coverage for PFAS claims, and rulings have been split on whether carriers owe coverage or a duty ...
Changing Times at NCCI: Workers Comp Organization Now 100 Years Old
When this reporter started her career in insurance a few decades ago as an actuarial quality control technician for the National Council on Compensation Insurance, the only computers we had sitting ...
Is a Scooter a Vehicle? Appeals Court Says ‘Yes’ and State Farm Must Pay UM Claim
State Farm must pay an uninsured motorist claim for injuries caused by an electric motor scooter even though the scooter didn't match the definition of "motor vehicle" in Florida statutes, a panel of ...
Beat Capital Launches Specialist Energy Insurance Business
Beat Capital Partners, a long-duration venture-capital investor that specializes in the insurance industry, announced the launch of a specialist energy underwriter, Horace Agency Ltd. Led by industry ...