One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations, according to Dirk Spenner, managing director at …
The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the rating firm said hinder the insurance giant’s ability to adequately raise rates. “The negative outlooks on …
The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. Jose Uribe allegedly got involved with Menendez in his …
New York Gov. Kathy Hochul signed a bill requiring people selling their homes to disclose whether their properties have been flooded or are at risk for future flooding. The new law comes as inland areas in the state have become …
Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims, according to The Hanover Insurance Group in a new report. Despite being a leading cause of homeowners’ claims, …
A notice in Uber’s digital registration process requiring ride-share customers to take any individual claims to arbitration is enforceable, a New Jersey appeals court has ruled in a case involving passengers injured in an auto accident. Three plaintiffs injured in …
The majority of the insurance workforce is now hybrid – if not fully remote – with just 4% of companies requiring employees to come into the office every day. Today’s managers must be able to engage and motivate their employees …
It was reasonable for an injured employee who is returning to work to refuse a job that accommodated his disability because he had personal and religious objections to getting a COVID-19 vaccine. The Virginia Workers’ Compensation Commission (WCC) ruled against …
The insurance industry is truly a nexus for innovation. Particularly through the use of technology, it is inspiring to dive into the many ways insurance professionals across the country and the world create real-time solutions for clients and build upon …
The risk landscape is seemingly ever-expanding. While the insurance industry faces the familiar — yet more costly — severe weather activity, there may be new risks emerging below the surface and above the atmosphere. From supply-chain chaos and soaring reconstruction …
