News
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 ...
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 ...
Lloyd’s Has ‘Laser Focus’ on Oversight of Coverholders to Proactively Avoid Market Risk
Lloyd's has "a laser focus" on the oversight of delegated underwriting authorities to make sure these facilities do not drag down the market in the same way that poor management of managing general ...
What Consumers Think—and Who’s Shopping for Insurance
Tariffs. Economic volatility. Technology trends. Changing insurance market conditions. These are all having an impact on property/casualty insurers. But how are they impacting consumers? More ...