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The Antitrust Wildfire Lawsuits That Could Burn Down Insurance Industry Norms

Property Insurance Coverage Law

The recent filing of two sweeping antitrust lawsuits in California against a long list of most of the admitted California insurance companies has generated immediate attention within the insurance industry.

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Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm

Insurance Journal

Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon,” a new outlook asserts.

Risk 200
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Bain Capital Insurance Backs Specialized Risk Financing Firm 1970 Group

Insurance Journal

Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the insurance industry. 1970 Group offers expertise in structured financing, credit support and risk management. The company pioneered the concept of …

Risk 263
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South African Insurers to Face Climate Stress Test, SARB Says

Insurance Journal

South Africa’s central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm. “This year we put out our first climate-risk scenario, common stress test, …

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People Moves: Novatae Risk Group Hires Catrabone as Carrier Relations VP

Insurance Journal

Novatae Risk Group, headquartered in Dallas, named John Catrabone as vice president of carrier relations. Based in Ohio, Catrabone comes to Novatae with more than 30 years of experience in various insurance industry sectors. Before joining Novatae, was chief distribution …

Risk 257
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Viewpoint: Are You Covered for AI Risks?

Insurance Journal

The insurance industry is not immune from these impacts; it has been affected by AI in countless ways – from the use of … You can’t go anywhere without hearing about the impact of generative artificial intelligence on … well, everything.

Risk 264
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Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

Liability 264