The family of a California college student who vanished nearly three decades ago sued the school, alleging it caused Kristin Smart’s murder through negligence. Smart, then 19, disappeared from California Polytechnic State University in San Luis Obispo on the state’s …
Agents continue to favor carriers and MGAs that offer automation, ranking ease of doing business and time savings at the top of the list of value they get from connectivity, according to a newly released survey by Ivans. The annual …
Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in …
The insurance industry thrives on making meaningful connections with potential clients and partners. Among social media platforms, LinkedIn stands out as a powerful tool for B2B insurance marketing and networking — allowing you to display your expertise, build your company …
According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6% — and its private-auto insurance peers in the U.S. did the same. All 10 …
If the old adage “As California goes, so goes the nation” is true, then 2024 will be another year of industry retooling as insurers and regulators set a path for the future of the U.S. P/C property insurance market. Homeowners …
Universal Property & Casualty Insurance Co. officials have downplayed the significance of recent Florida judges’ rulings that have slammed the company for violating court orders, have forced Universal to default on lawsuits, have referred a Universal lawyer for disciplinary action, …
As claim severity rises, U.S. personal auto results are on the decline, according to AM Best’s Market Segment Report, issued in December 2023. The 112.2 net combined ratio in 2022 for personal auto was an almost 11-point deterioration from 101.5 …
New Jersey officials have introduced measures to implement flood risk disclosure legislation signed into law by Gov. Phil Murphy last June. The measures include new property disclosure forms notifying buyers and tenants of a property’s known flood history and potential …
While today’s insurance agency errors and omissions (E&O) market remains mostly stable, emerging exposures, cyber risk, natural disasters and more could shape its course ahead. That’s according to experts who shared their perspectives on the market’s latest developments and outlook …
