W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers market “down the drain.” During a call with analysts to discuss first quarter earnings, Berkley said the D&O marketplace, especially …
Four companies that sell vaping devices have filed a federal lawsuit against Kinsale Insurance Co., claiming the insurer dropped coverage for batteries but failed to fully inform the policyholders before denying a claim. If it goes to trial and appeal, …
The California Division of Occupational Safety and Health cited Meeder Equipment Co. of Rancho Cucamonga and referred D&D Construction Specialties Inc. of Sun Valley for criminal prosecution in two separate cases of workers’ deaths related to confined spaces. Meeder and …
When it comes to general insurance issues, cannabis-related businesses face the same general liability and property risks faced by other industries, like workplace accidents, damage to property, crop failure and transporting their products to market. However, cannabis businesses require more …
High inflation alone led to an increase in property/casualty claims of 5%-7.5%, across five key markets in 2022, according to Swiss Re research. “In 2023, we expect that inflation should lead to an additional increase of 3.5-6.5%,” said Swiss Re …
Optimism among young agents took a hit, falling from 2022 to 2023, according to Insurance Journal’s annual Young Agents Survey. When it comes to their career choice and the future of the independent agency system, 53.9% of young agents responding …
Workers’ compensation is getting the job done. Premiums are decreasing, claims are stable and retention is high. But even good news can present its own set of challenges, Burns & Wilcox indicated in its webinar, Navigating a Soft Workers’ Compensation …
A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association (APCIA) says in a new white paper. “The growth …
Like so many teenagers, they didn’t know much about insurance. When Gabby Banks, Henry Cram, Taylor Trafton, Filmon Futsum and Casey Alexander set foot on their respective college campuses, underwriting and claims were another language. But professors guided them to …
The Bonnet Carre Spillway diverts Mississippi River flood flows away from New Orleans into Lake Pontchartrain, Louisiana which connects to the Mississippi Channel and eventually the Gulf of Mexico. The spillway has been opened only 15 times since construction was …
