News
Oklahoma Tops List of 10 States Most Prone to Disaster
A new series, "The Damage Report," highlights states other than California, Florida and Texas, which suffer from a higher volume and wider variety of disasters, as multi-peril disaster insurance ...
Allstate Redesigns Mobile App
Allstate announced updates to its mobile app, adding more features such as an affordable gas finder called GasBuddy, a parking reservation platform called SpotHero, a climate risk resource to guide ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Judge Rules Workers Comp Doesn’t Apply in Case Involving Teacher Shot by 6-Year-Old
A teacher who was shot by her six-year-old student in Virginia can press forward with her $40 million lawsuit against a school system over claims of negligence by school administrators, a judge ruled ...
Bad-Faith Payouts Are Penalties, Not Insurance Benefits, Florida Supreme Court Says
Randy Willoughby's lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury verdict against the co-owner of ...
Climate’s ‘Catch-22’: Cutting Pollution Will Accelerate Global Warming
Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate change. That's the unpalatable ...
AIG Continues to Take Cautious Approach to Excess D&O in North America
Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in North America, the company's chief executive said financial lines ...
Aon: Homeowners ROE Improved with Timely Rate Hikes
A new report on the state of the homeowners market in the U.S. highlights how insurance carriers used timely rate actions to thwart residual inflationary pressures, improving the overall prospective ...
Moody’s Creates Private Credit Rating, Research Group
Ratings agency Moody's is creating a unit to research and rate private credit, the firm said on Monday. The unit will be headed by Ana Arsov, who will coordinate research and rating initiatives in ...