Louisiana Supreme Court Reverses; No Coverage Owed for COVID Shutdown
The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder's business interruption claim for income lost because of government ...
Industry News
FTC Asks Social Media, Video Streaming Firms Info on Misleading Ads
The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc., Twitter, TikTok and ...
‘Climate Time Bomb Ticking’, Warns UN Chief, Urging Faster Cuts to Emissions
UN Secretary General Antonio Guterres warned that the "climate time bomb is ticking" as he urged rich nations on Monday to slash emissions sooner after a new assessment ...
WCRI: Consolidation of Health Care Driving Up Prices in Work Comp
Consolidation of physician services into larger groups owned by hospitals and health care systems is driving up the cost of care in workers compensation, according to a ...
DeSantis Turns Heads With Comment That Citizens Insurance ‘Not Solvent’; Board Approves Cat Bond
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has "not been solvent" and may ...
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with ...
Too Soon for ‘All Clear’ in D&O Insurance Market as Banks Fall
D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week. But it wasn't necessarily business as usual for ...
InsurTech Perspective: Our Turn to Stand by SVB
Just before a group of big banks extended a $30 billion lifeline to First Republic Bank last Thursday, a five-year-old InsurTech offered its support to Silicon Valley Bridge Bank, the successor of ...
The Latest Launches From bolt, Wipfli, ICEYE
Insurance exchange bolt and Pathpoint, a digital wholesaler for small commercial excess and surplus, announced the launch of Pathpoint's integration into bolt Access, bolt's wholesale agency digital ...
Heavier Vehicles, Distracted Drivers Impacting Claim Severity: CCC Intelligent Solutions
Roadways in the U.S. are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC ...