Insurance Journal

JANUARY 13, 2025

The State of Texas on Monday filed a lawsuit against Allstate, alleging the insurance company illegally collects driver data through secretly embedded software in mobile apps and then uses the data to justify raising Texans’ insurance rates.

Insurance Companies 336

Insurance Companies Insurance Insurer Insured 336

Property Insurance Coverage Law

JANUARY 16, 2025

I lost an entire appraisal debate in the first few minutes against Good ole Steve Badger. Simply knocked out. Badger got up early in the morning and read yesterdays post,Participate In Your DemocracyEven If You Are Called a Bazooka. He must be taking some type of mind-enhancing drug because his creativity has never been keener. … The post Badger Bazookas Merlin!

Property Insurance 197

Property Insurance Insurance Insurer Insured 197

Insurance Journal

JANUARY 15, 2025

California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance non-renewals and cancellations.

Insurance 316

Insurance Insurer Insured Protection 316

Insurance Journal

JANUARY 10, 2025

Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities.

Insurance 325

Insurance Insurer Insured 325

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Insurance Claim

Insurance Journal

JANUARY 9, 2025

With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure to become clearerlikely pushing up billion-dollar-plus insured loss estimates put forth from fires …

Damage 325

Damage Insurance Insurer Insured 325

Insurance Journal

JANUARY 8, 2025

Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say will be sizable insured losses.

Insurance 317

Insurance Insurer Insured Damage 317

Insurance Journal

JANUARY 9, 2025

The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California’s massive state-sponsored insurance program.

Insurance 312

Insurance Insurer Insured Property Insurance 312

Insurance Journal

JANUARY 14, 2025

Wildfires that have ravaged swaths of Los Angeles could result in losses of as much as $30 billion for the insurance industry as the blazes rage on almost a week after they ignited.

Insurance Industry 289

Insurance Industry Insurance Insurer Insured 289

Insurance Journal

JANUARY 6, 2025

Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have finally put an end to one creative way that been used in attempts to get …

Claim 304

Claim Insurance Insurer Insured 304

Insurance Journal

JANUARY 13, 2025

At least two rounds of vicious, dry Santa Ana winds are expected to blast through Southern California early this week, bringing powerful gusts that will challenge fire crews struggling to contain two destructive blazes and likely force thousands more residents …

Damage 284

Damage Insurance Insurer Insured 284

Insurance Journal

JANUARY 13, 2025

Edison International Inc.’s southern California utility was hit with a lawsuit blaming the energy provider’s equipment for igniting one of the wildfires still raging in the second-largest US metropolis.

Damage 281

Damage Insurance Insurer Insured 281

Insurance Journal

JANUARY 14, 2025

Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost for dozens of specialty generic drugs, bringing in more than $7.

278

278

Insurance Journal

JANUARY 14, 2025

This month, the minimum automobile liability coverage requirements in North Carolina jumped to 50/100/50, among the highest minimums in the country. The change is the result of Senate Bill 452, approved in 2023 and which became law last year.

Liability 276

Liability Auto Insurance Insurance Insurer 276

Insurance Journal

JANUARY 16, 2025

Bayer AG’s Monsanto unit stopped making toxic PCBs a half century ago, but the legal fallout lingers even as many of the building materials made with the chemicals are no longer used in US homes, schools and factories.

Building 269

Building 269

Insurance Journal

JANUARY 15, 2025

Two months after his law license was suspended and he was charged with illicitly filming renters at his beach property, a South Carolina workers’ compensation attorney now faces a civil lawsuit by one of the alleged victims.

Workers Comp 267

Workers Comp License Compensation Liability Insurance 267

Insurance Journal

JANUARY 9, 2025

ORLANDO, Fla. (AP) A major grower said this week it is abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree diseases. Alico Inc.

Property Insurance 276

Property Insurance Insurance Insured Insurer 276

Insurance Journal

JANUARY 16, 2025

There has been some question about whether California’s insurer of last resort the FAIR Plan has enough cash on hand to pay for its share of wildfire claims.

Claim 258

Claim Deductible Insurance Insurer 258

Insurance Journal

JANUARY 14, 2025

Are you a top agent/producer? Do you know someone at your agency who is?

Agents 264

Agents Insurance Insurer Insured 264

Insurance Journal

JANUARY 16, 2025

Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090.

Policy 256

Policy Risk 256

Insurance Journal

JANUARY 15, 2025

Amazon.com Inc. is halting some of its diversity and inclusion programs, a move that coincides with activist pressure on US companies to abandon efforts to build a more diverse workforce.

Building 256

Building 256

Insurance Journal

JANUARY 15, 2025

Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025.

Business Interruption 256

Business Interruption Cyber Risk Commercial 256

Insurance Journal

JANUARY 9, 2025

Insurers saw the third most expensive year for natural catastrophe losses in 2024 reaching a total of US$140 billion as climate change “is showing its claws,” according to Munich Re.

Insurance 267

Insurance Insurer Insured 267

Insurance Journal

JANUARY 10, 2025

As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer.

Insurance 265

Insurance Insurer Insured 265

Insurance Journal

JANUARY 16, 2025

FBI leaders have warned that they believe hackers who broke into AT&T Inc.

Agents 249

Agents Protection Cyber 249

Insurance Journal

JANUARY 15, 2025

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California, creating the risk of more blazes in the wake of a disaster that has killed at least 24 people, driven thousands from their homes and …

Risk 253

Risk Insurance Insurer Insured 253

Insurance Journal

JANUARY 2, 2025

A Pennsylvania battery firm has been found responsible for paying $22.25 million in backpay to workers to cover the actual time they spent changing and showering for their jobs working with hazardous materials.

271

271

Insurance Journal

JANUARY 15, 2025

A recent decision and concurring opinion by a Florida appeals court may have upset years of practice and could raise costs for workers’ compensation insurers.

Workers Comp 249

Workers Comp Compensation Claim Workers Compensation 249

Insurance Journal

JANUARY 3, 2025

Governor Mike Parson announced that Mick Campbell will take over as the Acting Director of the Department of Commerce and Insurance (DCI) effective January 1, 2025. Campbell currently serves as the Commissioner of Finance for DCI.

Insurance 269

Insurance Insurer Insured 269

Insurance Journal

JANUARY 5, 2025

The U.S. Justice Department and Boeing told a court on Friday they have not reached agreement on a revised plea deal after a U.S. judge in December rejected the deal, faulting a diversity and inclusion provision.

266

266

Insurance Journal

JANUARY 3, 2025

Colorado Gov. Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes.

Workers Comp 268

Workers Comp Compensation Workers Compensation Insurance 268

Insurance Journal

JANUARY 6, 2025

McDonald’s Corp. is revamping its approach to diversity, equity and inclusion, becoming the latest large company to change its strategy as the once-ubiquitous goals come under pressure from conservative advocates.

Policy 263

Policy 263

Insurance Journal

JANUARY 6, 2025

A former insurance agent plead guilty to stealing premium from a premium finance company.

Insurance Agent 263

Insurance Agent Insurance Agents Agents Premium 263

Insurance Journal

JANUARY 3, 2025

U-Haul, one of the best-known providers of trucks, vans and moving supplies, also tracks where that equipment is being used. And in 2024, Southeastern states led the nation, with South Carolina ranking as the state with largest number of customers.

Property Insurance 265

Property Insurance Insurance Insurer Insured 265