Markets
California Bill Seeks to Add ‘Transparency’ to Aerial Images Used by Insurers
A California lawmaker is pushing to require insurers to notify homeowners in advance of taking or using aerial images of their property, and to stop insurers from basing decisions to cancel, ...
10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris
The value of the 10 highest class-action settlements in 2025 exceeded $70 billion for the first time ever. In fact, the total was nearer to $80 billion across all areas of litigation, according to ...
MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement
The biggest auto insurer in Massachusetts is at odds with the AAA Northeast division it says is violating an exclusive 20-year joint marketing agreement that is worth $200 million a year in premiums ...
California Bill Would Double Insurer Penalties for Unfair Claims Practices
A bill that promises legislative reform in California to speed up disaster recovery for homeowners and renters through improved insurance coverage and expanded consumer protections was introduced on ...
A Year Later, LA Wildfires Were ‘Significant Stress Event’ for Insurance: Morningstar
In a report one year on from the Los Angeles area wildfires in 2025, which started on Jan. 7, Morningstar DBS Research issued a perspective that called the fires "a significant stress event" for ...
Good Times for U.S. P/C Insurers May Not Last; Auto Challenges Ahead
In their latest report on the U.S. auto insurance market, analysts from S&P Global Market Intelligence predict the strongest overall U.S. property/casualty insurance underwriting results in 18 ...
California Workers Comp Combined Ratio for 2024 Highest in 20-Plus Years
After three consecutive accident years with relatively stable loss ratios, the projected loss and allocated loss adjustment expense ratio for California's workers compensation market for accident ...
Justice Department Using Fraud Law to Target Companies on DEI, WSJ Reports
The Trump administration has launched investigations into the use of diversity initiatives in hiring and promotion at major U.S. companies, the Wall Street Journal reported. Google and Verizon are ...