Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows. A USGS-led team of more than 50 scientists and engineers in the latest USGS National Seismic Hazard Model created a color-coded map that …
Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123 billion in 2023, the fourth consecutive year to exceed $100 billion, according to Gallagher Re’s annual Natural Catastrophe and Climate …
As we’ve seen for the past several years, severe weather is no longer a seasonal or geographic issue — climate risk has now made these events possible all year long and in every state. The statistics back up this frightening …
A report from the South Carolina Department of Insurance confirms what insurers and bars and restaurants have said for the past few years: Liquor liability coverage in the state is “extremely unprofitable” for carriers – and costs are far out …
The excess and surplus lines homeowners insurance market in California has undergone significant changes in recent years. The number of policies has changed substantially in over the last decade — first increasing, then declining rapidly. However, new data suggests the …
Trucking companies Werner Enterprises, Inc. and Drivers Management, LLC must pay $335,682 to a deaf truck driver months after an Omaha, Nebraska jury found in favor of the U.S. Equal Employment Opportunity Commission (EEOC) on disability discrimination claims, a federal …
Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, a report by Swiss Re Institute projects both 2024 and 2025 to have …
The Iowa Supreme Court reinstated a deputy workers’ compensation commissioner’s decision to bar reports that were submitted too late by experts who weren’t certified, reversing decisions by the district court and Court of Appeals. The high court said in a …
We are obviously in one of the most intense hard markets of the last several decades. While much has been said and written about how to navigate the challenges the market is creating for agents, I’d like to take a …
The California Department of Insurance is urging business owners to verify the insurance coverage for any subcontractor or vendor they do business with after trucking company owner and operator Raymond Youash, 37, of Encino, appeared in court on 30 felony …
