Markets
Survey: U.S. Business Owners Seek More Insurance Coverage as AI, Election Risks Loom
Artificial intelligence and the U.S. election have emerged as significant risks to businesses this year with an overwhelming 80 percent of owners worried their insurance will ...
R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed
R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda — after it had exhausted strategic alternatives for a financial rescue. At the same time, R&Q ...
Florida Citizens Board Votes to Raise Rates 14%, But Litigation Costs Dropping
The board of governors for Florida's state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14 percent statewide – near the ...
Most People ‘Think’ They Understand Insurance Coverage: Survey
A new survey from Trusted Choice, the national consumer brand that represents members of the Independent Insurance Agents & Brokers of America, reveals that while 86 ...
QBE to Non-Renew $500M of North American Mid-Market Biz
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. ...
NCCI CEO Perspective: Workers Comp Below 90 Again; Line Is Healthy and Resilient
NCCI has a unique role in gathering and analyzing data about the workers compensation system. At our recent Annual Insights Symposium 2024, we shared the latest key ...
Employee Who Was Trapped in Elevator Denied Workers Comp Benefits
A health insurance company employee who was trapped in an elevator for about 30 minutes has been denied workers compensation benefits. The employee did not suffer any physical injury while she was ...
Low Software-Generated Replacement Costs Fuel Suit Against Farmers
Alameda County District Attorney Pamela Price's Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they're operating a ...