News
Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes
Florida legislative leaders, facing increasing pressure from the public and the press, last week pledged to investigate property insurers' financial structures. And bills filed before the 2025 ...
Tariffs Will Negatively Affect Insurance Industry, Says AM Best
Analysts at AM Best warned that the planned imposition of U.S. tariffs on imports from Canada and Mexico, along with increased tariffs on China, will have a negative effect on the insurance industry ...
Legislative Reforms to Curb Legal System Abuse Led to Stabilized Florida P/C Market: Triple-I
Florida's legislative reforms to address legal system abuse and claim fraud are stabilizing the state's property/casualty insurance market, according to a new Issues Brief published by the Insurance ...
Daylight Savings Increases Risk of Drowsy Driving: Report
Traffic safety experts warn of an increased risk of drowsy driving crashes as daylight savings time begins this Sunday. The National Road Safety Foundation cautions drivers to be especially aware of ...
Treasury Ends Enforcement of BOI Reporting Meant to Stop Shell Company Formation
The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday evening announcement, Treasury ...
Notable Rating Actions This Week: Westfield and Church Mutual
AM Best has revised the outlook to stable from negative for the long-term issuer credit ratings (long-term ICR) and affirmed the financial strength rating (FSR) of A ...
Burnout From Financial Stress May Lower Job Satisfaction
Stress from work can often leave people feeling tired and overwhelmed. Anxiety in other parts of life could make this even worse, according to a new study from the ...
Los Angeles County, Pasadena, Sue Southern California Edison Over Wildfires
The County of Los Angeles and City of Pasadena, along with other public entities, filed lawsuits against Edison International and its subsidiary Southern California Edison on Wednesday, alleging ...