News
Americans Shop Around for Insurance More Than Ever as Costs Soar
Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that's squeezed household budgets, a new industry report shows. For car insurance, ...
Context Matters: Mailing Letter Sufficient Cancel Notice, Court Says
Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner's insurance policy just weeks before a ...
CDC: Deli Meat-Linked Listeria Outbreak Claims Five More Lives
The U.S. Centers for Disease Control and Prevention said on Wednesday that a Listeria outbreak linked to deli meats has resulted in 14 new illnesses and five additional deaths. This brings the total ...
W. Va. Commish to Destroy Older Workers Comp Files, Citing Cyber Risk
The West Virginia insurance commissioner's office has adopted a new policy: It will soon begin destroying workers compensation claim files that are 10 years old or older. "Given increasing ...
Extreme Rain Is a Growing Climate Threat to the Northeastern U.S.
As high temperatures break records around the US and wildfires rip through the West, another climate-driven weather hazard—extreme rainfall—is pummeling the country's Northeast and scientists say ...
U.S. P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021
The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. "After years of ...
DEI Should Be Included in Workplace Injury Prevention Initiatives: Report
Although increases in regulations, innovative technologies, hazard assessments and other methods have improved workplace safety, research shows workers of color face more work-related injuries and ...
New Accounting Rule Forces Change to How AM Best Ranks Top Reinsurers
The implementation of IFRS 17 accounting standards in the insurance industry has forced a modification to AM Best's annual ranking of top reinsurance groups for 2023, the rating agency said. IFRS 17 ...