After two years of combined ratios over 110, American Family Insurance reported an underwriting profit in 2024—with a 96.6 for the year for all property/casualty lines it writes. The improvement from a 110.8 in 2023 and 111.4 in 2022 came …
AmFam Reports Underwriting Profit for 2024 to Reverse Losses Last Two Years Read More »
Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along …
Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes Read More »
Arbella Insurance Group, headquartered in Quincy, Massachusetts, named Executive Vice President and Head of Claim Paul Brady as CEO, effective June 1. Brady has been with Arbella for nearly 15 years, holding numerous leadership positions, including chief information officer and …
People Moves: Arbella Insurance Group Appoints Brady as Next CEO as Donohue Retires Read More »
A group of lobster fishermen can sue one of the world’s largest seafood watchdog groups for defamation, a federal court has ruled, over a report that described Maine lobster as an unwise choice for consumers. The threat to a rare …
Judge Allows Lobster Fishermen to Sue Environmental Group for Defamation Read More »
Hub International has acquired the assets of Malloy Imrie & Vasconi Insurance Services LLC in California’s Napa Valley. Partners Timothy Malloy, David Capponi, Ted Bystrowski, Kevin Dickenson, as well as the MIV Insurance team will, will join Hub Central & …
Hub Acquires Wine Industry Specialist MIV in California Read More »
The Justice Department opened an investigation into the University of California to determine if the UC system has allowed an Antisemitic hostile work environment to exist on its campuses. The investigation, being conducted under Title VII of the Civil Rights …
Justice Department Launches Hostile Workplace Probe into University of California Read More »
This post is part of a series sponsored by Darkhorse Insurance. This remarkable transformation is challenging the status quo and pushing the boundaries of what is possible in insurance. Insurtech is not just a buzzword; it is a dynamic and …
What is Insurtech and How is it Transforming the Insurance Industry? Read More »
March 24 will mark two years since Republican Florida Governor Ron DeSantis signed tort reform measures into law. HB 837 took direct aim at an epidemic of litigation, the factor most responsible for steep increases in homeowners’ insurance rates and …
Florida Tort Reform: Happy Second Birthday Read More »
Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most destructive in California history. The suit alleges that equipment owned by the company’s Southern California Edison utility caused the Eaton …
Los Angeles County Sues Utility Edison Over Deadly Wildfire Read More »
This post is part of a series sponsored by CoreLogic. As property insurance costs continue to rise, homeowners and insurers alike are facing new challenges. While hurricanes and wildfires often dominate discussions around natural disasters, severe convective storms (SCS) remain …
