News
Cyber Crime Costs Increased to $16B in 2024
Cyber crime of all stripes cost victims globally more than $16 billion dollars last year, the Federal Bureau of Investigation said in a report released on Wednesday. The figure were collated by the ...
Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Areas of California
Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage in California communities at high risk for wildfires and force homeowners onto the state's ...
Markel Insurance Restructures Markel Specialty, Appoints Leaders
Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and ...
No Escape From Tariffs — Not Even for D&O Liability Insurers
While property/casualty insurance executives are largely focused on the impacts of tariffs on short-tail lines like personal auto and property, investment market jitters over global trade wars could ...
Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive
A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting drivers' information and then selling that data to Progressive. ...
Political, Global Uncertainty Influence C-Suite Turnover: Survey
While C-Suite executives remain cautiously optimistic about the prospect of lower taxes and reduced regulations, it is tempered by uncertainty related to global tariff conflicts, associated cost ...
Many Canadian ‘Snowbirds’ Selling US Homes, Heading North for Good
The number of Canadian "snowbirds" planning to sell their second homes in sunny Florida and Arizona has surged this spring, many of them put off by the sudden chill that has blanketed relations ...
Dog Bite Claims Soar in Frequency and Cost: Report
Insurers in the U.S. paid out $1.57 billion in dog-related injury claims in 2024, according to data compiled by the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite ...