News
Pennsylvania Regulators Seek $2.6M in Penalties for Deadly 2023 Chocolate Factory Explosion
Pennsylvania regulators asked an administrative law judge on Wednesday to make a gas utility pay $2.6 million in civil penalties for a chocolate factory explosion three years ago that killed seven ...
JD Power: Homeowners Claims Satisfaction Rises as Repair Times Improve
A combination of faster repair and payment cycle times, along with enhanced digital capabilities, has helped drive significant improvements in the overall customer experience with the property claims ...
P/C Industry Loss Reserves Redundant by More Than $20B: Assured Research
The year-end 2025 carried loss reserve position for the property/casualty insurance industry is more than $20 billion redundant, according to a loss reserve analysis published this week by Assured ...
Loss Trends Outpacing Pricing Assumptions: Other Liability Analysis
The U.S. insurance industry saw $7.3 billion of adverse loss development in the other liability (occurrence) line during 2025, with more than half of the total coming from recent accident years, ...
New FAA Protocol Addresses Helicopter, Plane Safety at Airports
The Federal Aviation Administration (FAA) announced a new measure to enhance safety in areas where helicopters often cross both arrival and departure paths near busy airports. Following the ...
U.S. Auto Safety Agency Deepens Probe into Tesla’s Self-Driving Technology
The U.S. auto safety regulator on Thursday deepened a probe into Tesla's driver-assistance system to evaluate its effectiveness in identifying degraded road conditions after nine crashes linked to ...
Questions Surround California DMV’s Lack of Reckless Driver Investigations
Placer County prosecutors wanted any information the California Department of Motor Vehicles had on Kostas Linardos, who drove a three-ton pickup truck at high speed into the back of a sedan in late ...
U.S. Home Insurance Prices Set to Keep Rising With Severe Weather
U.S. home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected ...
Iran War Potentially Raises Exposures for Terrorism, Political Violence Underwriters
The Iran war is likely to raise uncertainty in the global terrorism and political violence insurance markets, particularly in the United States and Europe, according to ...