A judge in Massachusetts denied class certifications for claimants seeking payments from two insurers for the lost resale value of their motor vehicles that were damaged in accidents and then repaired. Suffolk County Superior Court Justice Kenneth W. Salinger ruled …
Using chainsaws, heavy machinery and controlled burns, the Biden administration is trying to turn the tide on worsening wildfires in the U.S. West through a multi-billion dollar cleanup of forests choked with dead trees and undergrowth. Yet one year into …
Florida lawmakers this year approved a law that could help reduce liability insurance premiums for home and condo builders – and limit exposure and litigation for liability insurers. But Senate Bill 360, which took effect in April, could also make …
The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2022. Key findings in the report include: Medical losses paid in 2022 were $4.4 billion, or 53 percent of total loss payments. …
What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit endorsement on wind-driven rain losses is included in a multimillion dollar property policy? In the case of a Liberty Mutual …
California ranked first in strengthening policies to enable widespread use of electric cars, trucks, and buses, according to a national scorecard that gives most states poor grades. The 2023 State Transportation Electrification Scorecard from the American Council for an Energy-Efficient …
A Port Allen, Louisiana pharmacy and its owner must pay $275,000 to resolve a federal civil lawsuit under the Controlled Substances Act, United States Attorney Ronald C. Gathe, Jr. announced. U.S. District Judge Brian A. Jackson has accepted and entered …
More than half of the U.S. population resides in a county that is likely to experience stormwater system failure due to flooding from heavy rainfall events, according to a new report published by First Street Foundation. Another 17.7 million properties …
Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said. Kevin O’Donnell, president and chief executive officer of RenaissanceRe Holdings Ltd., and Brian Young, president and …
Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to the opening of previously frozen waterways in the Arctic and the creation of new shipping and trade routes. The economic …
