Insurance Journal

JANUARY 13, 2025

The State of Texas on Monday filed a lawsuit against Allstate, alleging the insurance company illegally collects driver data through secretly embedded software in mobile apps and then uses the data to justify raising Texans’ insurance rates.

Insurance Companies 336

Insurance Companies Insurance Insured Insurer 336

Property Insurance Coverage Law

JANUARY 18, 2025

Millions of Americans have faced an escalating crisis with their homeowners insurance. Premiums have soared, and coverage options have dwindled, leaving countless families vulnerable to financial ruin. The recent Dr. Phil Primetime episode, The Shocking Truth Behind Rising Insurance Rates, exposed the systemic issues driving this crisis, highlighting personal stories of loss and struggle.

Policyholder 278

Policyholder Property Insurance Premium Insurance 278

Insurance Journal

JANUARY 16, 2025

FBI leaders have warned that they believe hackers who broke into AT&T Inc.

Agents 70

Agents Protection Cyber 70

Insurance Journal

JANUARY 16, 2025

I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state.

Insurance 330

Insurance Insured Insurer 330

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Insurance Claim

Insurance Journal

JANUARY 14, 2025

Wildfires that have ravaged swaths of Los Angeles could result in losses of as much as $30 billion for the insurance industry as the blazes rage on almost a week after they ignited.

Insurance Industry 328

Insurance Industry Insurer Insurance Insured 328

Insurance Journal

JANUARY 10, 2025

Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities.

Insurance 328

Insurance Insured Insurer 328

Insurance Journal

JANUARY 7, 2025

Twenty miles outside Corpus Christi, Texas an area so dry the local water company distributes shower timers at high school football games the world’s richest man is nearly done building a lithium refinery that could require as much …

Building 328

Building 328

Insurance Journal

JANUARY 9, 2025

With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure to become clearerlikely pushing up billion-dollar-plus insured loss estimates put forth from fires …

Damage 325

Damage Insurer Insurance Insured 325

Insurance Journal

JANUARY 15, 2025

California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance non-renewals and cancellations.

Insurer 317

Insurer Insurance Insured Protection 317

Insurance Journal

JANUARY 30, 2025

Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month.

Insurance Companies 291

Insurance Companies Insurer Insurance Insured 291

Insurance Journal

JANUARY 9, 2025

The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California’s massive state-sponsored insurance program.

Insurer 317

Insurer Insurance Insured Property Insurance 317

Insurance Journal

JANUARY 8, 2025

Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say will be sizable insured losses.

Insurer 317

Insurer Insurance Insured Damage 317

Insurance Journal

JANUARY 27, 2025

Former RenaissanceRe executive Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property Insurance Corp.

Property Insurance 292

Property Insurance Insurance Carrier Insurer Insurance 292

Insurance Journal

JANUARY 16, 2025

Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090.

Policy 306

Policy Risk 306

Insurance Journal

JANUARY 12, 2025

Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

Liability 308

Liability 308

Insurance Journal

JANUARY 26, 2025

By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 — reaching a total of $140 billion — as climate change “is showing its claws,” according to Munich Re.

Insurer 290

Insurer Insurance Insured 290

Insurance Journal

JANUARY 28, 2025

Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts.

Damage 285

Damage 285

Insurance Journal

JANUARY 24, 2025

The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses damages, credit ratingsand lately worrying outlooks for the effect of the fires on insurance rates.

Damage 290

Damage Insurer Insurance Insured 290

Insurance Journal

JANUARY 27, 2025

Merck & Co. is facing its first jury trial over claims the company wrongfully marketed its lucrative Gardasil cancer vaccine as safe, the latest high-stakes litigation for the pharmaceutical giant.

Claim 284

Claim Liability 284

Insurance Journal

JANUARY 27, 2025

The cyberattack at UnitedHealth Group’s tech unit last year affected the personal information of 190 million people, the health conglomerate said on Jan. 24, making it the largest healthcare data breach in the United States.

Cyber 283

Cyber 283

Insurance Journal

JANUARY 6, 2025

Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have finally put an end to one creative way that been used in attempts to get …

Claim 306

Claim Insurance Insured Insurer 306

Insurance Journal

JANUARY 13, 2025

Edison International Inc.’s southern California utility was hit with a lawsuit blaming the energy provider’s equipment for igniting one of the wildfires still raging in the second-largest US metropolis.

Damage 299

Damage Insurance Insured Insurer 299

Insurance Journal

JANUARY 13, 2025

A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its activities on Monday, days after BlackRock, the world’s biggest investor, left amid a political backlash in the United States.

Risk 298

Risk 298

Insurance Journal

JANUARY 21, 2025

As southern California continues to suffer from wildfires, officials in another part of the country fear their area could be next thanks to tons of dry wood left over from Hurricane Helene’s wind and flooding.

Policy 290

Policy Risk Insurance Insured 290

Insurance Journal

JANUARY 26, 2025

The U.S.

279

279

Insurance Journal

JANUARY 15, 2025

Two months after his law license was suspended and he was charged with illicitly filming renters at his beach property, a South Carolina workers’ compensation attorney now faces a civil lawsuit by one of the alleged victims.

Workers Comp 290

Workers Comp License Compensation Liability Insurance 290

Insurance Journal

JANUARY 15, 2025

Amazon.com Inc. is halting some of its diversity and inclusion programs, a move that coincides with activist pressure on US companies to abandon efforts to build a more diverse workforce.

Building 290

Building 290

Insurance Journal

JANUARY 15, 2025

Assicurazioni Generali SpA and Natixis SA are close to a deal for a joint venture in asset management to cut costs and team up on distribution, according to people familiar with the matter.

290

290

Insurance Journal

JANUARY 14, 2025

Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost for dozens of specialty generic drugs, bringing in more than $7.

290

290

Insurance Journal

JANUARY 2, 2025

(THE CONVERSATION) On Dec. 30, 2021, a wind-driven wildfire raced through two communities just outside Boulder, Colorado. In the span of about eight hours, more than 1,000 homes and businesses burned.

Risk 298

Risk Damage Insurance Insured 298

Insurance Journal

JANUARY 13, 2025

At least two rounds of vicious, dry Santa Ana winds are expected to blast through Southern California early this week, bringing powerful gusts that will challenge fire crews struggling to contain two destructive blazes and likely force thousands more residents …

Damage 290

Damage Insurance Insured Insurer 290

Insurance Journal

JANUARY 13, 2025

New York Gov. Kathy Hochul last Thursday said she will push for new laws to make it harder for hedge funds to purchase large numbers of single-family homes in the state.

289

289

Insurance Journal

JANUARY 3, 2025

NEW ORLEANS (AP) Seven years ago, New Orleans officials began installing adjustable barriers at intersections in the famed French Quarter to temporarily prevent vehicles from entering the tourist area where the narrow streets are typically teeming with pedestrians every …

Risk 297

Risk Liability 297