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Pennsylvania Shaved $98 Million Off Insurer Rate Requests in First Half of Year

Insurance Journal

The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings. The vast majority …

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Medicare Recovery Actions Can’t be Made by Uninjured Parties, Appeals Court Says

Insurance Journal

Litigation that seeks to win Medicare reimbursements from insurance companies has become a huge business over the last decade, making one Miami lawyer a billionaire and causing expensive, ongoing legal headaches for property-casualty insurers. But the federal law that allows …

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JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot

Triple-I: Homeowners Insurance

“One thing I would look to is importing some of the good things Florida has done,” Theodorou suggested, explaining that reform curtailing contingency and one-way attorneys’ fees “have brought down the number of lawsuits against insurance companies by 24 percent ” for the second consecutive three-quarter period.

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The Pressures of Operational Optimization

Majesco

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. It seems like we could actually see a fire sale of some of the companies that are unable to transition into profitability. Here is a positive trend, for example.

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How to Not Suck at Being an Insurance Agent

Redbird Agents

A high turnover rate in the insurance industry is often due to unrealistic expectations about the career path, lack of initial support or training, difficulty in building a sufficient client base, and the stress related to income instability. What type of insurance agent? Why is selling life insurance hard?