How are insurers viewing the solar and renewable energy markets? While large risks likely have no problem, smaller to middle risks may face difficulty. “I certainly think there’s a gap in the smaller risk area,” said Loren Henry, vice president, …
Demand for technology-related products such as computer chips, semiconductors, electric vehicle batteries and embedded software is rapidly increasing in today’s tech-driven society, which is in turn increasing demand — and opportunities — for manufacturers. But as manufacturers strive to meet …
No More ‘Wild West’ “Everyone using city roads needs to abide by the rules of the road. If you’re able to go 25 mph like a car — you should be licensed, registered, and carry liability insurance in the event …
Multiple companies in the United States and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber insurance claims, also showed an …
The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch’s latest U.S. Personal Lines Market Update, the change is predicted amid signs that the previous surge in claims severity from higher inflation and supply …
BLUE SPRINGS, Mo. (AP) — A $4.2 million verdict that jurors ordered a Missouri school district to pay a transgender student is under consideration again. The Western District Missouri Court of Appeals found that a judge erred in ordering a …
Iowa officials agreed to pay $3.5 million in a settlement agreement with the family of an Iowa State University student who drowned after a school crew club boat capsized in cold, rough waters. The State Appeal Board approved the terms …
Alameda County District Attorney Pamela Price’s Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they’re operating a scheme that knowingly and systematically underinsures homes in California. The complaint alleges these carriers provide …
Short but severe flooding that followed hurricanes Harvey and Irma in 2017 triggered a nationwide increase in flood insurance take-up driven by a county’s social network proximity to flooded areas, says a new academic paper. The authors’ study tapped the …
