News
Turbulent Waters May Have Contributed to Mexican Tall Ship’s Crash into Brooklyn Bridge
When a Mexican navy tall ship crashed into the Brooklyn Bridge, it was maneuvering in turbulent waters. The tide had just turned, and a fast current was heading up the East River as a 10 mph wind set ...
Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter of 2025 rose by 4.2 ...
California Commissioner Launches Smoke Claims & Remediation Task Force
A new task force has been formed to develop standards in California for insurance coverage and clean-up of smoke-damaged homes. California Insurance Commissioner Ricardo Lara announced the formation ...
Workers Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI
Workers compensation remained a healthy and profitable line in 2024, but claims severity grew with an increase of 6 percent for medical claim severity and 6 percent for indemnity claim severity. ...
Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
Direct written premiums in the U.S. homeowners insurance market rose more than 13 percent in 2024, and the net combined ratio for the line fell below breakeven for the first time in five years. ...
Motorcyclist Fatality Rate 28 Times Higher Than Car Drivers, NHTSA Urges Safety
A new advisory by the U.S. Department of Transportation's National Highway Traffic Safety Administration urges safety as Motorcycle Safety Awareness Month gets underway. The advisory comes amid a ...
Dangerous Dog Bill Goes Before Florida Governor
Twin bills outlining requirements for owners of dangerous dogs have circulated through the Florida legislature, making their way to Governor Ron DeSantis' desk. House Bill 593 and Senate Bill 572, ...
More Hazardous Storms Expected in Already Battered Central US
More severe storms were expected to roll across the central U.S. this week following the weather-related deaths of more than two dozen people and a devastating Kentucky tornado. The National Weather ...