Insured - Insurance Industry Brief

Catastrophe Experts Tap AI to Tackle Soaring Insured Losses

Insurance Journal

MARCH 26, 2025

Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods. Less than three months into the year, natural disasters are already causing major …

Insurance

Insurance Insurer Insured

Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials

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

Insurance Carrier Insurance Insurer Insured

Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

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

Home Insurance Property Insurance Insurance Insurer

Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says

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 …

Insurance

Insurance Insurer Insured Casualty Insurance

Take the Hassle Out of Claims Management

Advertiser: Trellis

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. What's more, our Insurance API equips insurance carriers with litigation records and comprehensive claims insights.

Claim

Denmark Plans $1 Billion War Insurance for Merchant Shipping

Insurance Journal

MAY 2, 2025

Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding …

Insurance

Insurance Insurer Insured Risk

WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images

Insurance Journal

APRIL 28, 2025

After receiving multiple inquiries about the use of aerial images in property insurance nonrenewals, West Virginia’s insurance commissioner has posted guidelines for insurers’ use of the technology. In a bulletin this month, Commissioner Allan McVey reminded insurance companies that aerial …

Property Insurance

Property Insurance Insurance Insurer Insured

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Insurance Journal

JANUARY 24, 2025

January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” ” Geoeconomics refers to the intersection of geopolitical forces and economic policies.

Insurance

Insurance Insurer Insured Policy

Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer Affiliate Profits

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 (..)

Insurance

Insurance Insurer Insured Property Insurance

Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

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

Insurance Industry Property Insurance Insurance Insurer

After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

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

Insurance Carrier Insurance Insurer Insured

California Bill Seeks to Beef up Consumer Privacy Protections for Insurance

Insurance Journal

APRIL 10, 2025

A new bill introduced in California aims to increase transparency and accountability in California’s insurance market by bolstering consumer privacy protections and establishing a privacy rights framework for insurance licensees and their third-party service providers. Senate Bill 354, the Insurance …

Protection

Protection Insurance Insurer Insured

Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

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 …

Underwriter

Underwriter Underwriting Insurance Industry Insurance

Selectsys Acquires Expert Insured, with AI for Carriers, MGAs

Insurance Journal

FEBRUARY 27, 2025

Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. With headquarters in Boston, Expert Insured also has …

Insurance

Insurance Insurer Insured Agents

Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

FEBRUARY 20, 2025

A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay?

Compensation

Compensation Property Insurance Insurance Insurer

Underinsured and Unprotected: Are California Insurance Agents to Blame?

Property Insurance Coverage Law

MAY 2, 2025

Millions Have No Idea Theyre at Risk,shed … The post Underinsured and Unprotected: Are California Insurance Agents to Blame? appeared first on Property Insurance Coverage Law Blog. A recent in-depth investigative report by theSan Francisco Chronicle,A Broken System is Keeping California Homes Underinsured.

Insurance Agent

Insurance Agent Insurance Agents Agents Property Insurance

Med-Mal Insurer ProAssurance to Go Private After $1.3B Purchase by The Doctors Co.

Insurance Journal

MARCH 20, 2025

The Doctors Company, the Napa, California-based, physician-owned medical malpractice insurer, announced it has entered an agreement to acquire ProAssurance Corp. billion, taking the company private. Under the terms of the agreement, ProAssurance stockholders will receive $25.00 in cash …

Medical Malpractice Insurance

Medical Malpractice Insurance Insurance Insurer Insured

Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

Prof. Allan Manning

FEBRUARY 10, 2025

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate.

Business Interruption

Business Interruption Claim Insurance Insurer

Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push

Insurance Journal

APRIL 18, 2025

is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. Uber Technologies Inc. The rideshare giant launched the campaign on Tuesday as …

Insurance

Insurance Insurer Insured Auto Insurance

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder

Policyholder Risk Property Insurance Insurance Companies

Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

FEBRUARY 20, 2025

A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay?

Compensation

Compensation Property Insurance Insurance Insurer

Examinations Under Oath in New York Property Insurance Claims

Property Insurance Coverage Law

JANUARY 23, 2025

When navigating contested property insurance claims, insured parties may receive a request from their insurer for an Examination Under Oath (EUO). It is a formal proceeding, not unlike a deposition, where an insured is required to answer questions under oath about their insurance claim.

Property Insurance

Property Insurance Insurance Claim Claim Insurance

Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh

Insurance Journal

FEBRUARY 5, 2025

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …

Commercial Insurance

Commercial Insurance Commercial Insurance Insurer

More Russian Insurers Seek Indian Nod for Oil Tanker Coverage

Insurance Journal

APRIL 24, 2025

Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter. India’s shipping ministry is considering applications from Sberbank Insurance, which …

Insurance

Insurance Insurer Insured Protection

China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers

Insurance Journal

FEBRUARY 10, 2025

China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold sufficient capital and liquidity buffers.

Insurance

Insurance Insurer Insured Risk

Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils

Insurance Journal

APRIL 30, 2025

Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis. If this trend continues, global insured losses will approach US$145 …

Claim

Claim Insurance Insurer Insured

Florida’s Insurance Scandal: The “Incomplete” Report That Almost Stayed Buried

Property Insurance Coverage Law

MARCH 15, 2025

Floridas homeowners have been paying ever-increasing insurance premiums, but where has all that money been going? A secret state report, which regulators conveniently left unfinished and never shared with lawmakers, might have held the answer.

Premium

Premium Property Insurance Insurance Insurer

Florida’s Divided Insurance Regulation Is Under Fire — and for Good Reason

Property Insurance Coverage Law

APRIL 5, 2025

A recent public records request byTampa Bay Timesreporter Lawrence Mower has uncovered a revealing memo from Floridas Office of Insurance Regulation (OIR) that could mark a major turning point in how the state handles insurance regulation.

Property Insurance

Property Insurance Insurance Insurer Insured

Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984

Insurance Journal

FEBRUARY 14, 2025

the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025. Convex Group Ltd., Convex said it has worked with its advisers Gallagher Re and Asta, which …

Underwriter

Underwriter Underwriting Insurance Insurer

Insuring Unmarried Couples—Is There Coverage?

Property Insurance Coverage Law

FEBRUARY 24, 2025

1 Insuring property for unmarried couples is not so easy in many states. A recent Michigan case found that the unmarried woman did not qualify as an insured under a … The post Insuring Unmarried CouplesIs There Coverage? appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Property Insurance Insurance Insurer Insured

Florida Insurance Regulators Demand Fair Treatment for Policyholders

Property Insurance Coverage Law

FEBRUARY 22, 2025

How do insurance claims work when your home has already been damaged once? A recent Florida Office of Insurance Regulation (OIR) Bulletin clarifies how insurers must handle claims for multiple hurricanes. But what happens when two hurricanes strike in the same season?

Policyholder

Policyholder Property Insurance Damage Insurance Claim

What If Every Insurance Company Engineer Report Suggests a Denied Claim? We’re About to Find Out

Property Insurance Coverage Law

APRIL 21, 2025

A recent conversation on LinkedIn has sparked serious questions about the objectivity of engineering reports used by insurance companies. The statement … The post What If Every Insurance Company Engineer Report Suggests a Denied Claim? Were About to Find Out appeared first on Property Insurance Coverage Law Blog.

Insurance Companies

Insurance Companies Claim Property Insurance Insurance

Growing Fast, Going Public: Florida’s American Integrity Insurance Files for IPO

Insurance Journal

APRIL 15, 2025

American Integrity Insurance, one of the largest property insurance carriers in Florida with more than 350,000 policies in force, is going to Wall Street with an initial public offering. The Tampa-based parent company, American Integrity Insurance Group, founded in 2006, …

Insurance Carrier

Insurance Carrier Property Insurance Insurance Insurer

World Insurance Associates Acquires Royalty Insurance Services in California

Insurance Journal

APRIL 6, 2025

World Insurance Associates LLC has acquired Royalty Insurance Services in Van Nuys, California. Royalty has been providing commercial trucking insurance for over 23 years. World Insurance Associates is a national financial services organization headquartered in Iselin, New Jersey operating from …

Insurance

Insurance Insurer Insured Commercial

The Antitrust Wildfire Lawsuits That Could Burn Down Insurance Industry Norms

Property Insurance Coverage Law

APRIL 24, 2025

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.

Insurance Industry

Insurance Industry Property Insurance Insurance Insurer

Insurance Coverage After a Raze Order: Strategies for Overcoming Ordinance or Law Exclusions

Property Insurance Coverage Law

APRIL 28, 2025

When a devastating fire damages a building and a municipality orders it razed, the instinctive reaction of many policyholders is to expect that their insurance will cover the total loss.

Policyholder

Policyholder Property Insurance Damage Insurance Policy

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder

Policyholder Risk Property Insurance Insurance Companies

Vermont Takes Over Medical Liability Insurer CARE RRG Facing $35.4M Judgment

Insurance Journal

APRIL 28, 2025

A Vermont Superior Court has approved a state takeover and rehabilitation plan for a medical professional liability insurer for 1,300 physicians that the state says is in hazardous financial condition as a result of a $35.4 million arbitration judgment against …

Liability Insurance

Liability Insurance Liability Professional Liability Insurance Insurance

Air Lease Corp. Gets $329 Million Insurance Payout for Jets Stranded in Russia

Insurance Journal

MARCH 24, 2025

million in cash, as part of certain insurance settlements related to its aircraft which were blocked from leaving Russia after the country’s invasion of Ukraine. Aircraft lessor Air Lease Corp. said on Monday it has received $328.5 Before the invasion …

Insurance

Insurance Insurer Insured Risk

Florida Legislators to Investigate Whether Property Insurers Used Accounting Tricks to Hide Profits

Property Insurance Coverage Law

MARCH 5, 2025

A new investigation into Floridas property insurance industry is set to begin, raising significant questions about insurer profitability, financial transparency, and the true reasons behind skyrocketing premiums for policyholders.

Property Insurance

Property Insurance Policyholder Premium Insurance Industry

Patriot Growth Partners With Texas’ Ladd Gardner Aviation Insurance

Insurance Journal

MAY 9, 2025

Patriot Growth Insurance Services announce its partnership with Ladd Gardner Aviation Insurance (LGA), an aviation insurance agency based in Addison, Texas. Founded in 2007 by aviation enthusiast and industry veteran, Ladd Gardner, the agency brings deep expertise, a client-centric approach, …

Insurance Agency

Insurance Agency Insurance Insurer Insured

State Farm, Consumer Group Battle Ahead of Calif. Insurance Commissioner Decision

Insurance Journal

MARCH 13, 2025

Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara. News outlets in California …

Insurance

Insurance Insurer Insured

Bad Faith Insurance Practices Shielded By “Get Out of Jail Free” Late Payments

Property Insurance Coverage Law

FEBRUARY 10, 2025

Thats the reality policyholders face when insurance companies delay or wrongfully deny claims, only to make a late payment after an appraisal and walk away without any real accountability. Last weeks decision in Mirelez v.

Policyholder

Policyholder Property Insurance Insurance Companies Insurance

NFIP Escapes Payment with Form Over Substance Rules: The Need for Reform of the National Flood Insurance Program

Property Insurance Coverage Law

MAY 6, 2025

Wright National Flood Insurance Company 1 highlights a harsh reality for policyholders seeking to recover under the National Flood Insurance Program (NFIP).Strict Wright National Flood Insurance Company 1 highlights a harsh reality for policyholders seeking to recover under the National Flood Insurance Program (NFIP).Strict

Policyholder

Policyholder Property Insurance Damage Insurance Companies

Catastrophe Experts Tap AI to Tackle Soaring Insured Losses

Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials

Trending Sources

Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says

Take the Hassle Out of Claims Management

Denmark Plans $1 Billion War Insurance for Merchant Shipping

WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer Affiliate Profits

Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

California Bill Seeks to Beef up Consumer Privacy Protections for Insurance

Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

Selectsys Acquires Expert Insured, with AI for Carriers, MGAs

Why Shouldn’t Insurance Executives Disclose Their Pay?

Underinsured and Unprotected: Are California Insurance Agents to Blame?

Med-Mal Insurer ProAssurance to Go Private After $1.3B Purchase by The Doctors Co.

Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Why Shouldn’t Insurance Executives Disclose Their Pay?

Examinations Under Oath in New York Property Insurance Claims

Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh

More Russian Insurers Seek Indian Nod for Oil Tanker Coverage

China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers

Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils

Florida’s Insurance Scandal: The “Incomplete” Report That Almost Stayed Buried

Florida’s Divided Insurance Regulation Is Under Fire — and for Good Reason

Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984

Insuring Unmarried Couples—Is There Coverage?

Florida Insurance Regulators Demand Fair Treatment for Policyholders

What If Every Insurance Company Engineer Report Suggests a Denied Claim? We’re About to Find Out

Growing Fast, Going Public: Florida’s American Integrity Insurance Files for IPO

World Insurance Associates Acquires Royalty Insurance Services in California

The Antitrust Wildfire Lawsuits That Could Burn Down Insurance Industry Norms

Insurance Coverage After a Raze Order: Strategies for Overcoming Ordinance or Law Exclusions

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Vermont Takes Over Medical Liability Insurer CARE RRG Facing $35.4M Judgment

Air Lease Corp. Gets $329 Million Insurance Payout for Jets Stranded in Russia

Florida Legislators to Investigate Whether Property Insurers Used Accounting Tricks to Hide Profits

Patriot Growth Partners With Texas’ Ladd Gardner Aviation Insurance

State Farm, Consumer Group Battle Ahead of Calif. Insurance Commissioner Decision

Bad Faith Insurance Practices Shielded By “Get Out of Jail Free” Late Payments

NFIP Escapes Payment with Form Over Substance Rules: The Need for Reform of the National Flood Insurance Program

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