U.S.
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 ...
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 ...
California FAIR Plan Increases Commercial Coverage Limits to $20M Per Location
The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location.
Prior to the ...
Property Insurers to Provide Data to State Insurance Regulators to Better Understand Rates
A nationwide data call was put out recently to property insurers to assist state insurance regulators in better understanding property markets, coverages and protection gaps, according to the ...
Near Misses Subject of U.S. Senate Aviation Safety Hearing
The U.S. Senate Commerce Committee will hold a hearing next week on a series of troubling close-call aviation safety incidents that raised questions about Federal Aviation Administration air traffic ...
NTSB: Railroad Automatic Braking System Needs Upgrades to Prevent Derailments
The automatic braking system railroads were required to install several years ago needs improvement to better prevent collisions, federal safety investigators said in a report Wednesday. The National ...
Extreme Weather Reduces Pumpkin Crop This Year, Impacting Holidays
Alan Mazzotti can see the Rocky Mountains about 30 miles west of his pumpkin patch in northeast Colorado on a clear day. He could tell the snow was abundant last winter, and verified it up close when ...