Insurer - Insurance Industry Brief

Size of Florida’s Slide Insurance Exec Compensation Has Tongues Wagging

Insurance Journal

JUNE 1, 2025

When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commission …

Compensation

Compensation Insurance Industry Insurer Insured

Another Insurer — Philadelphia Insurance— Reports Network Outage

Insurance Journal

JUNE 11, 2025

Philadelphia Insurance Co. This outage has knocked out the insurer’s phone and email systems, as well as customer access to online applications. is currently experiencing a network outage that is affecting its systems. “We are working to resolve this issue …

Insurer

Insurer Insured Insurance

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 …

Insurer

Insurer Insured Insurance

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 Insurer Insured 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

Davis & Towle Acquires New Hampshire’s Tobey & Merrill Insurance

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

Insurance Agency Insurer Insured Insurance

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 Insurer Insured

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 …

Insurer

Insurer Insured Insurance Casualty Insurance

Dangerous-Dog Owners in Florida Must Now Get $100,000 in Liability Insurance

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

Liability Insurance Liability Insurer Insured

Erie Insurance Still Working to Restore Systems After Outage

Insurance Journal

JUNE 10, 2025

Pennsylvania-based Erie Insurance is still working to restore systems following a network outage that it revealed on Sunday. “A network outage impacting Erie systems continues. All available resources are working to restore access as soon as possible,” the company reported …

Insurer

Insurer Insured Insurance Cyber

Homeowners Suing AAA Insurers and USAA over LA Wildfires

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 …

Insurer

Insurer Insured Insurance Claim

Uber Alleges Insurance Fraud Scheme in Florida as It Goes on Legal Offensive

Insurance Journal

JUNE 11, 2025

sued a group of lawyers, medical providers and rideshare drivers it claims staged car accidents, manufactured damages and received unnecessary medical procedures to take advantage of insurance policies in Florida, costing the rideshare giant “several million dollars” … Uber Technologies Inc.

Damage

Damage Insurance Policy Claim Insurer

Goldman Sees Autonomous Vehicles Transforming Insurance World

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

Auto Insurance Liability Insurance Industry Insurer

Erie Insurance Dealing With Network Outage Affecting All Systems

Insurance Journal

JUNE 9, 2025

Pennsylvania-based Erie Insurance on Sunday reported it is experiencing a “network outage that is affecting all systems.” ” Customers are unable to access online accounts or reach customer care or first notice of loss via phone, according to a statement on …

Insurer

Insurer Insured Insurance Cyber

‘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.

Insurer

Insurer Insured Insurance Policy

After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

Insurance Journal

MAY 29, 2025

After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 …

Underwriting

Underwriting Underwriter Personal Property Property Insurance

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 (..)

Insurer

Insurer Insured Insurance 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 Insurer Insured

Is My Dog Covered By My Homeowner’s Insurance Policy?

Central Insurance

MAY 29, 2025

Wondering how dogs and homeowners insurance connect? Learn whats covered, whats not, and how to protect your pet with the right insurance strategy. The post Is My Dog Covered By My Homeowner’s Insurance Policy? appeared first on Central Insurance Blog.

Insurance Policy

Insurance Policy Policy Insurer Insured

Ex-Police Officers Plead Guilty to Conspiring in Auto Insurance Fraud Scheme

Insurance Journal

JUNE 4, 2025

Two former police officers have pleaded guilty to federal charges in connection with an auto-insurance fraud scheme, according to U.S. Attorney for Maryland Kelly O. Michael Anthony Owen, Jr., a former Prince Georges County officer, pled guilty to falsification …

Auto Insurance

Auto Insurance Insurer Insured Insurance

Massachusetts Cuts Red Tape on Insurers, Plus Banks, Contractors, Barbers and More

Insurance Journal

JUNE 3, 2025

Massachusetts is eliminating a series of insurance and other business regulations with a goal of making it easier and less costly to conduct business in the state. According to Gov. Maura Healey, her administration’s “Massachusetts Means Business” initiative is axing …

Insurer

Insurer Insured Insurance

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 Insurer Insured Insurance

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 Insurer Insured Insurance

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 …

Insurer

Insurer Insured Insurance Risk

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 …

Underwriting

Underwriting Underwriter Insurance Industry Insurer

How to Start a Clothing Boutique: Insurance Edition

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

Workers Comp Cyber Liability Insurer

Insurance Companies Urged to Respond to TDI Data Call by July 11

Insurance Journal

JUNE 9, 2025

The Texas Department of Insurance (TDI) said it has issued a data call to Insurance companies writing personal automobile and residential property policies to gather information for the HelpInsure.com website. TDI said in a commissioner’s bulletin that HelpInsure is a …

Insurance Companies

Insurance Companies Insurer Insured 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 …

Agents

Agents Insurer Insured Insurance

Top Mistakes That Can Destroy Your Flood Insurance Claim

Property Insurance Coverage Law

MAY 27, 2025

Westfield Insurance Company 1 shows how even well-intentioned policyholders can lose a flood insurance claim before their lawsuit ever begins. A recent court decision in Sublett v. This case is not just about a technical legal loss.

Insurance Claim

Insurance Claim Claim Policyholder Property Insurance

Ron Perelman’s Fight Over $410 Million in Art Insurance Goes to Trial

Insurance Journal

JUNE 2, 2025

Nearly seven years after a fire ripped through Ron Perelman’s Hamptons home, he is asking a New York state judge to force insurers to pay him more than $400 million for five paintings he says were damaged in the blaze.

Damage

Damage Insurer Insured Insurance

Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums

Insurance Journal

MAY 28, 2025

A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market and prompting a rethink on premiums. As artificial intelligence makes attacks more …

Premium

Premium Insurer Insured Insurance

Insurance for Compact Construction Equipment Manufacturers: How to Protect Your Tools, Business, and Future

Central Insurance

JUNE 6, 2025

Protect your compact construction equipment manufacturing business with tailored insurance. The post Insurance for Compact Construction Equipment Manufacturers: How to Protect Your Tools, Business, and Future appeared first on Central Insurance Blog.

Protection

Protection Insurer Insured Insurance

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 Insurer Insured

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 Insurer Insured Insurance

Top Mistakes That Can Destroy Your Flood Insurance Claim

Property Insurance Coverage Law

MAY 27, 2025

Westfield Insurance Company 1 shows how even well-intentioned policyholders can lose a flood insurance claim before their lawsuit ever begins. A recent court decision in Sublett v. This case is not just about a technical legal loss.

Insurance Claim

Insurance Claim Claim Policyholder 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 Insurer Insured Insurance

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 Insurer Insured

Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiato’s Vision

Property Insurance Coverage Law

MAY 13, 2025

The Senate Subcommittee on Disaster Management will hold a hearing this afternoon titled Examining the Insurance Industrys Claims Practices Following Recent Natural Disasters. Among those testifying is Mike Fiato, Executive Vice President and Chief Claims Officer at Allstate.

Insurance Claim

Insurance Claim Claim Property Insurance Insurance Industry

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 Insurer Insured

Insurers Must Pay Up for Jets Seized by Russia, UK Judge Rules

Insurance Journal

JUNE 11, 2025

Insurance companies must compensate aircraft lessors and owners for planes that Russia seized when it took counter-sanction measures after the invasion of Ukraine, a UK judge ruled potentially leaving insurers on the hook for billions in payouts. The verdict comes …

Compensation

Compensation Insurance Companies Insurer Insured

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 Insurer Insured

Longtime Alabama Insurance Agent Announces Run for Governor

Insurance Journal

JUNE 5, 2025

Longtime Alabama insurance agent and former congressional candidate Ken McFeeters announced he is running for governor of Alabama next year, casting himself as a political outsider and accusing his opponent U.S. Tommy Tuberville of being a “part of the …

Insurance Agents

Insurance Agents Insurance Agent Agents Insurer

Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiato’s Vision

Property Insurance Coverage Law

MAY 13, 2025

The Senate Subcommittee on Disaster Management will hold a hearing this afternoon titled Examining the Insurance Industrys Claims Practices Following Recent Natural Disasters. Among those testifying is Mike Fiato, Executive Vice President and Chief Claims Officer at Allstate.

Insurance Claim

Insurance Claim Claim Property Insurance Insurance Industry

Size of Florida’s Slide Insurance Exec Compensation Has Tongues Wagging

Another Insurer — Philadelphia Insurance— Reports Network Outage

Trending Sources

Catastrophe Experts Tap AI to Tackle Soaring Insured Losses

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

Take the Hassle Out of Claims Management

Davis & Towle Acquires New Hampshire’s Tobey & Merrill Insurance

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

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

Dangerous-Dog Owners in Florida Must Now Get $100,000 in Liability Insurance

Erie Insurance Still Working to Restore Systems After Outage

Homeowners Suing AAA Insurers and USAA over LA Wildfires

Uber Alleges Insurance Fraud Scheme in Florida as It Goes on Legal Offensive

Goldman Sees Autonomous Vehicles Transforming Insurance World

Erie Insurance Dealing With Network Outage Affecting All Systems

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

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

Is My Dog Covered By My Homeowner’s Insurance Policy?

Ex-Police Officers Plead Guilty to Conspiring in Auto Insurance Fraud Scheme

Massachusetts Cuts Red Tape on Insurers, Plus Banks, Contractors, Barbers and More

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

California Bill Seeks to Beef up Consumer Privacy Protections for Insurance

Denmark Plans $1 Billion War Insurance for Merchant Shipping

Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

How to Start a Clothing Boutique: Insurance Edition

Insurance Companies Urged to Respond to TDI Data Call by July 11

Selectsys Acquires Expert Insured, with AI for Carriers, MGAs

Top Mistakes That Can Destroy Your Flood Insurance Claim

Ron Perelman’s Fight Over $410 Million in Art Insurance Goes to Trial

Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums

Insurance for Compact Construction Equipment Manufacturers: How to Protect Your Tools, Business, and Future

Why Shouldn’t Insurance Executives Disclose Their Pay?

WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images

Top Mistakes That Can Destroy Your Flood Insurance Claim

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.

Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiato’s Vision

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

Why Shouldn’t Insurance Executives Disclose Their Pay?

Insurers Must Pay Up for Jets Seized by Russia, UK Judge Rules

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

Longtime Alabama Insurance Agent Announces Run for Governor

Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiato’s Vision

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