Lisa Parry Becker, vice president of an independent insurance agency in Langhorne, Pennsylvania, recounted a computer hacking incident a longtime client suffered recently. It sounds almost like a thriller novel, with a race against time and a little bit of …
Incidents of fraudulent instruction scams were up 13% in 2022, according to specialist insurer Beazley’s new Cyber Services Snapshot report. Under fraudulent instruction scams, criminals use hacking and phishing techniques to accumulate information that allows them to send plausible-looking requests …
Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against the insurer, alleging Trumbull has been incorrectly calculating some property claim payments by deducting labor depreciation. The complaint (Grawe v …
The families of those killed and injured in a 2018 Texas high school shooting have settled a lawsuit they had filed against a Tennessee-based online retailer accused of illegally selling ammunition to the student who authorities say fatally shot 10 …
New figures show car sales in California continue to slowly return to pre-pandemic levels, which the state’s auto insurers believe is another indication the state’s insurance regulator needs to approve more rate filings. The California New Car Dealers Association last …
Outside of insurance attorneys, plaintiffs’ lawyers and some doctors, few people in Florida may be familiar with what are known as letters of protection. But critics say the instruments, in which doctors agree to take a share of the judgment …
Insurance agency personnel on average made more money in 2022 and employees reported higher satisfaction with their compensation in 2022 than in 2021, a year when satisfaction fell, according to the latest Agency Salary Survey, published annually by Insurance Journal. …
Climate change is contributing to increasingly intense natural catastrophes that leave larger and larger losses in their wake. What steps can the insurance industry take to prevent losses, protect clients, and ultimately create a safer world in the eye of …
Anyone who has read this column for the past four years, or earlier articles of mine, knows that I am passionate about my disdain for the proliferation of price-focused industry advertising. I believe it creates or fuels the perception in …
Last year was a tale of two halves for insurance mergers and acquisitions. OPTIS Partners reports 987 agency mergers and acquisitions were announced in 2022 — down 8% from 2021. A significant rise in interest rates and economic uncertainty may …
