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 ...
Industry News
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, ...
Regulators Say Railroads Must Examine How They Build Trains
Federal regulators said Friday that railroads need to re-examine how they assemble their trains after a string of derailments in recent years that were at least partly ...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best
Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in ...
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 ...
Tech Bytes: New Partnerships at TSIQ, Distinguished, CLARA
Two Sigma Insurance Quantified (TSIQ), an underwriting technology company for the commercial property/casualty industry, announced a partnership with SambaSafety, a provider of driver risk management ...
EPA to Propose New Vehicle Pollution Cuts, Sees Big EV Jump
The U.S. Environmental Protection Agency is set to propose new rules to spur sweeping cuts in vehicle emissions pollution that will push automakers toward a big increase ...
AM Best Places Ratings of R&Q and Subsidiaries Under Review With Negative Implications
AM Best has placed under review with negative implications the Financial Strength Rating of "A-" (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) ...
Insurer Scores Court Victory Over Green Energy Tax Credits
An insurance company is entitled to generous tax credits even if the carrier did not invest directly in renewable energy projects, a North Carolina court has decided, ...
InsurTech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo
Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd's of London.