Industry News
Judge Approves $102 Million Settlement Over Baltimore Bridge Collapse
A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore's Francis Scott Key Bridge in March, killing six people. The payment, ...
NFIP Reform Needed to Bring Down Flood Insurance Costs: Louisiana Senator
Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program's adoption of Risk Rating 2.0. The report, "The Flood Insurance Crisis: A Comprehensive ...
North Carolina Calculates Helene Damage at $58B, Far More than Florence
The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at least a record $53 billion in damages and recovery needs, Gov. Roy Cooper's ...
Economic, Social Inflation Influencing Drop in Auto Insurance Underwriting Profits: Triple-I/CAS
Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by ...
S&P Reveals Top 50 Largest P/C Insurers
As the third-fastest growing company on a list of the world's top 50 largest insurance companies, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P ...
Herald Raises $12M in Series A Funding Round
Herald, a digital infrastructure provider for commercial insurance, announced a $12 million Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures with participation ...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh
Global commercial insurance rates fell 1 percent in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter ...
Georgia Legal System Abuse Focus of New Triple-I Awareness Campaign
To raise awareness of the impacts of legal system abuse to Georgia consumers, businesses and insurers, the Insurance Information Institute (Triple-I) launched a multi-faceted campaign that includes ...