Agency errors and omissions premiums have risen on average for three years in a row, according to Insurance Journal’s annual Agency E&O survey. Some 70.5% of respondents saw an increase in their agency E&O renewal premium in 2022. That’s up …
A federal judge has dismissed FedEx from a lawsuit filed by relatives of five of the eight people who were fatally shot last year at an Indianapolis warehouse by a former employee of the shipping giant. U.S. District Judge James …
Errors and omissions (E&O) coverage is one of those topics that people have a love/hate relationship with. For the most part, professionals who need E&O cover like to know what coverage they have, when it covers them, and how they …
The demand for transportation services remains strong and experts believe that trend will continue throughout 2023. That’s good news for transportation insurance experts. At the same time, the trucking sector today faces challenges, including ongoing driver shortages, rising operational costs, …
A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage under their Erie policies. The ruling by U.S. District Judge Mark …
Nearly a quarter of workers’ compensation claimants who were treated for COVID-19 experienced persistent symptoms or a relapse months later, according to a new study by the National Council on Compensation Insurance. The researchers found workers who were hospitalized for …
Carriers, technology vendors and agencies across the industry have ramped up multi-factor authentication (MFA) over the last several years, either for compliance reasons or to enhance their overall cyber security measures beyond passwords and user IDs. MFA authenticates system or …
Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change. While climate change is leading to more severe and frequent natural catastrophes, the insurance industry has made significant …
Ambiguity and incomprehensibility seem to be the favorite tools of the insurance trade in drafting policies. Most are a virtually impenetrable thicket of incomprehensible verbosity. It seems that insurers generally are attempting to convince the customer when selling the policy …
President Joe Biden has signed legislation passed by Congress to extend the National Flood Insurance Program’s authorization to Dec. 16, 2022. “NFIP reauthorization is an opportunity for Congress to take bold steps to reduce the complexity of the program and …
