Industry News
Insurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference
What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found the ...
Roof Costs Soar Even as Claims Decline: Verisk
Hail volatility and aging roofs are driving higher residential replacement severity, a new study by data analytics and technology provider Verisk finds. Roof losses didn't slow despite a 20 percent ...
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget
After bypassing the April 1 deadline and engaging in weeks of debate and compromise, New York lawmakers have agreed on a $268.5 billion budget that includes auto insurance reforms championed by Gov. ...
Florida P/C Market Now Totals 20 Insurers
Three new property and casualty insurers have entered Florida's market, according to an announcement last week by Insurance Commissioner Mike Yaworsky. Builder Reciprocal Insurance Exchange, ...
Moody’s: U.S. Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event
The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a ...
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI
Acrisure's CEO told employees that about 2,250 of them won't be with the company by the end of 2027. The Grand Rapids, Michigan-based global broker is planning to reduce its headcount by about 11%, ...
Kemper Appoints McAnena as CEO
Kemper Corporation today announced the appointment of Stephen J. McAnena as president and chief executive officer, effective June 1. He will also join the company's Board of Directors. McAnena brings ...
East Coast Regional Workers Comp Insurer Reports Data Breach
The Beacon Mutual Insurance Company (Beacon Mutual), a regional workers' compensation insurer serving Rhode Island, Massachusetts, and Connecticut, announced that it had completed an investigation ...