Insurance Journal

FEBRUARY 23, 2025

As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …

Insurance Carrier 284

Insurance Carrier Insured Insurer Insurance 284

Insurance Journal

JULY 10, 2025

A Maryland husband and wife have been sentenced to 12 years in prison and four years in prison, respectively, after their convictions for a $20 million scheme to commit insurance fraud. In addition to their prison sentences, a judge for …

Insured 272

Insured Insurer Insurance 272

Insurance Journal

FEBRUARY 3, 2025

Brand new Florida home insurer Mangrove Property Insurance Co. a financial analysis firm that specializes in rating regional and specialty insurers. As previously reported by Insurance Journal, … has received a Financial Stability Rating (FSR) of “A, Exceptional” from Demotech, Inc.,

Home Insurance 264

Home Insurance Property Insurance Insured Insurer 264

Insurance Journal

JUNE 30, 2025

The UK government is planning to announce rule changes to help create a potential new insurance market worth billions of pounds as part of a drive to boost competitiveness. Chancellor of the Exchequer Rachel Reeves is expected to lay out …

Insured 249

Insured Insurer Insurance 249

Insurance Journal

JANUARY 22, 2025

Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” ” Weeks after a U.S. Senate committee released a study and held a hearing on the affect of climate change …

Insured 277

Insured Insurer Insurance Casualty Insurance 277

Insurance Journal

JULY 7, 2025

North Dakota Insurance Commissioner Jon Godfread announced last week that the state’s Insurance and Securities are unifying into following the passage of Senate Bill 2214 during the 2025 legislative session. The new law allows the insurance commissioner to assume the …

Insured 244

Insured Insurer Insurance 244

Insurance Journal

JUNE 29, 2025

Two more property insurers have put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023. It’s another sign that legislative discouragement of claims litigation has made a difference …

Property Insurance 267

Property Insurance Claim Insured Insurer 267

Insurance Journal

JUNE 17, 2025

Erie Insurance said it has “seen no evidence of ransomware and there is no indication of ongoing threat actor activity” in a June 17 update on its 10-day long network outage. That statement would appear to contradict claims in two …

Claim 258

Claim Insured Insurer Insurance 258

Insurance Journal

JULY 2, 2025

New York City Mayor Eric Adams has signed into law legislation reducing the auto insurance liability coverage that for-hire vehicles must carry. The new law reduces the amount of personal injury protection (PIP), or no-fault, insurance coverage that the city’s …

Auto Insurance 273

Auto Insurance Injury Liability Insured 273

Insurance Journal

JULY 11, 2025

Insurance broker Aon plc announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations. As global investment in digital …

Insurance Broker 212

Insurance Broker Broker Insured Insurer 212

Central Insurance

JUNE 11, 2025

Learn how business interruption insurance protects your business stability and income during a temporary closure. The post What is Business Income Insurance? appeared first on Central Insurance Blog.

Business Interruption 228

Business Interruption Insured Insurer Insurance 228

Insurance Journal

JUNE 17, 2025

homeowners insurance rates rose 40.4% LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stable, … over the past six years, with the biggest increases hitting in the last two years, a new report shows.

Home Insurance 277

Home Insurance Insured Insurer Insurance 277

Insurance Journal

JUNE 23, 2025

Aon plc today announced the launch of Aon Broker Copilot, a platform that uses artificial intelligence, large-language models and predictive analytics in the commercial insurance placement process. “Aon Broker Copilot equips our brokers with the tools to lead with insight …

Commercial Insurance 253

Commercial Insurance Broker Commercial Insured 253

Insurance Journal

JULY 6, 2025

A report submitted to the Washington State Legislature examines the state of the liability insurance market for adult family homes in Washington, finding the market to be largely sustainable—but it does provide suggestions for increasing the appeal of AFHs to …

Liability Insurance 243

Liability Insurance Liability Insured Insurer 243

Insurance Journal

JULY 10, 2025

the AI-driven managing general agent, has launched in London to serve the smart-follow insurance market. The MGA was founded by Chief Executive Officer Daniel Prince, a leading executive in the London insurance market, who was formerly CEO … Augmented UW Ltd.,

Agents 254

Agents Insured Insurer Insurance 254

Insurance Journal

JULY 6, 2025

homeowners insurance rates rose 40.4% LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stable, … over the past six years, with the biggest increases hitting in the last two years, a new report shows.

Home Insurance 259

Home Insurance Insured Insurer Insurance 259

Property Insurance Coverage Law

APRIL 4, 2025

Yesterdays testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story thats been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance (..)

Insured 203

Insured Insurer Insurance Property Insurance 203

Insurance Journal

JULY 1, 2025

Relation Insurance Services acquired the assets of Advantage Insurance Group. Advantage Insurance Group, a family-owned business based in El Reno, Oklahoma, offers a mix … The transaction went into effect on May 31, 2025; terms of the transaction were not disclosed.

Insured 197

Insured Insurer Insurance 197

Insurance Journal

JULY 10, 2025

Property/casualty insurers have started to broadcast the fact that they have earned spots on Ward’s list of 50 top-performing insurance companies for 2025, but only one was named for 35 straight years—RLI Corp. In addition, there were three newcomers to …

Casualty Insurance 264

Casualty Insurance Insurance Companies Insured Insurer 264

Insurance Journal

JUNE 17, 2025

California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its newest chair to be Vikita Poindexter, CEO of Poindexter Consulting Group, and vice chair to be Dr. Fabiola Cobarrubias, CEO …

Insured 219

Insured Insurer Insurance 219

Insurance Journal

JUNE 16, 2025

With flight cancellations, delays and other disruptions on the rise, leisure travelers are being increasingly discerning over the level and type of insurance they buy and businesses are turning to specialist advisory services to limit risk. Since 2019, travel disruptions …

Premium 223

Premium Insured Insurer Insurance 223

Insurance Journal

MARCH 5, 2025

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 …

Insurance Industry 263

Insurance Industry Property Insurance Insured Insurer 263

Insurance Journal

JULY 11, 2025

The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway. Shipowners now have to pay …

Risk 215

Risk Premium Commercial Insured 215

Insurance Journal

JUNE 23, 2025

When school begins at the University of Nevada, Las Vegas, students will have a chance to undertake a bachelor’s degree program in insurance and risk management. The school got the new program approved this month. The first cohort of 35 …

Risk 240

Risk Insured Insurer Insurance 240

Insurance Journal

MAY 16, 2025

Insurance agency Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, announced its acquisition of Tobey & Merrill Insurance in Hampton. While the agency will operate under Davis & Towle’s ownership, it will keep the Tobey & Merrill name …

Insurance Agency 254

Insurance Agency Insured Insurer Insurance 254

Insurance Journal

MARCH 19, 2025

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …

Insurance Carrier 262

Insurance Carrier Insured Insurer Insurance 262

Insurance Journal

JUNE 19, 2025

Deal volume is down but the total value of the deals that were made is up, according an analysis by PwC of mergers and acquisitions in the insurance sector. The look at M&A activity showed total deal value within the …

Insured 256

Insured Insurer Insurance 256

Insurance Journal

MAY 23, 2025

Owners of dangerous dogs in Florida will soon have to secure at least $100,000 in liability insurance coverage after the governor signed House Bill 593 into law this week. Also known as the Pam Rock Act after a mail carrier …

Liability Insurance 264

Liability Insurance Liability Insured Insurer 264

Property Insurance Coverage Law

JUNE 25, 2025

In my recent Claim Game interview with Professor Jay Feinman, one moment in particular captured what many in the insurance world know, but rarely say out loud: insurers get away with bad faith because courts or court-made law let them. appeared first on Property Insurance Coverage Law Blog.

Property Insurance 255

Property Insurance Claim Insured Insurer 255

Insurance Journal

JUNE 19, 2025

The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …

Underwriter 218

Underwriter Underwriting Insured Insurer 218

Insurance Journal

JUNE 10, 2025

The rise of autonomous vehicles will force a reconfiguration of the $400 billion US auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about liability remain, according to Goldman Sachs. “Autonomy has the potential …

Auto Insurance 223

Auto Insurance Liability Insurance Industry Insured 223

Insurance Journal

JULY 7, 2025

Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is “no evidence” of a breach of any sensitive personal information, financial records or legally …

Insured 228

Insured Insurer Insurance 228

Central Insurance

MAY 13, 2025

The post How to Start a Clothing Boutique: Insurance Edition appeared first on Central Insurance Blog. Protect your clothing boutique from day one with essential insurancecovering liability, property, cyber risks, workers comp, and more.

Workers Comp 245

Workers Comp Cyber Liability Insured 245

Insurance Journal

FEBRUARY 4, 2025

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …

Underwriting 272

Underwriting Underwriter Insurance Industry Insured 272

Insurance Journal

JUNE 20, 2025

Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group’s annual Skills Report. Risk assessment, coverage analysis, and insurance operations education were among the top courses chosen by industry professionals. Based on …

Insured 208

Insured Risk Insurer Insurance 208

Insurance Journal

JUNE 6, 2025

Some homeowners who lost their homes in the Los Angeles wildfires have filed lawsuits against three large insurers over claims payouts they say didn’t cover their losses. The lawsuits were filed in Los Angeles County Superior Court this week. They …

Insured 249

Insured Insurer Insurance Claim 249

Insurance Journal

JUNE 26, 2025

Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsurance capacity in certain business lines could …

Underwriting 207

Underwriting Underwriter Cyber Risk 207