NC Supreme Court Says Family Can Sue Schools, Docs Over Unwanted COVID Shot
Insurance Journal
MARCH 23, 2025
RALEIGH, N.C.
2025
360 
Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?
Property Insurance Coverage Law
MARCH 18, 2025
Derek Chaiken and I visited a number of burned-out homes where our clients lived until the recent Los Angeles wildfires destroyed everything they owned. Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?
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LMI activates our Catastrophe Response Plan
Prof. Allan Manning
MARCH 4, 2025
Having attended every major natural catastrophe as LMI since 1999, both LMI Group and Aequum Adjusters have activated their respective Catastrophe Response plans putting in place the resources required to respond to the expected claims from Cyclone Alfred. We naturally hope that the cyclone changes course again and moves away from the coast but if the predications are correct and it will hit landfall in a very populus part of Australia, both organisations are set to provide the best possible res
Lack of Insurable Interest Precludes Recovery for Property Damage
The Property Insurance Law Observer
MARCH 20, 2025
In Ram Krishana Inc. d/b/a Motel 6 Sulphur v. Mt. Hawley Insurance Co. (2025 WL 371016) (S.D.N.Y. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction.
Leverage Trellis Court Data To Identify More Investment Opportunities
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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5 Ways to Show Appreciation to Your Insurance Clients
Solstice Insurance Broker
FEBRUARY 10, 2025
Valentines Day is just one of many opportunities to show gratitude to those you care about. As an insurance broker, you have a special opportunity to let your clients know how much their loyalty and business mean to you. By showing appreciation, you not only strengthen your current relationships but also attract new ones. Here are some friendly and effective ways to make your clients feel valued.
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Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials
Insurance Journal
FEBRUARY 23, 2025
As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices.
FCC Chairman Threatens to Block M&A for Companies With DEI
Insurance Journal
MARCH 23, 2025
The US Federal Communications Commission is prepared to block mergers and acquisition proposals from companies that promote “invidious” DEI policies, according to chairman Brendan Carr.
After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits
Insurance Journal
MARCH 19, 2025
Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Sen.
City of London Hit Harder Than Rest of Economy Since Brexit Vote
Insurance Journal
FEBRUARY 3, 2025
The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the rest of the economy in the years following the Brexit referendum. Financial and insurance output has grown just 2.
Take the Hassle Out of Claims Management
Advertiser: Trellis
Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor
Med-Mal Insurer ProAssurance to Go Private After $1.3B Purchase by The Doctors Co.
Insurance Journal
MARCH 20, 2025
The Doctors Company, the Napa, California-based, physician-owned medical malpractice insurer, announced it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Under the terms of the agreement, ProAssurance stockholders will receive $25.
Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says
Insurance Journal
JANUARY 22, 2025
The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” Weeks after a U.S.
Australian Pension Fund Fined A$10.5 Million for Greenwashing
Insurance Journal
MARCH 18, 2025
Australian pension fund Active Super has been fined A$10.5 million ($6.7 million) for making a number of misrepresentations about its environmental, social and governance credentials amid a regulator push to stamp out greenwashing.
Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes
Insurance Journal
MARCH 5, 2025
Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures.
Sweden Seizes Ship Suspected of Sabotage in Baltic Sea
Insurance Journal
JANUARY 27, 2025
Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months.
Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries
Insurance Journal
JANUARY 30, 2025
Ride-sharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and performed unnecessary surgeries to take advantage of New York’s lucrative no-fault insurance policies.
Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating
Insurance Journal
FEBRUARY 3, 2025
Brand new Florida home insurer Mangrove Property Insurance Co. has received a Financial Stability Rating (FSR) of “A, Exceptional” from Demotech, Inc., a financial analysis firm that specializes in rating regional and specialty insurers.
Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge
Insurance Journal
FEBRUARY 4, 2025
The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations.
Florida OIR Approves Smaller Average Rate Increases for Citizens This Year
Insurance Journal
FEBRUARY 9, 2025
Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate increase for Citizens Property Insurance Corp., state regulators have slashed the rate hike by more than half.
MS Amlin Opens Australia Branch, Taps Aon Re Exec as Head of Australia, New Zealand
Insurance Journal
MARCH 31, 2025
MS Amlin, the Lloyd’s global re/insurer, announced the opening of an Australian branch office in Sydney, subject to Lloyd’s approval. Leading the branch office is Matt Botfield who has been named head of Australia and New Zealand.
North Carolina Settles on 15% Increase in HO Rates
Insurance Journal
JANUARY 20, 2025
RALEIGH. N.C. (AP) Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry.
Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming
Insurance Journal
FEBRUARY 28, 2025
Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season despite concerns about adverse reserve development — however, an availability crisis could be looming, AM Best cautions.
Arctic Sea Ice Shrinks to Record Winter Low as Earth Heats Up
Insurance Journal
MARCH 28, 2025
The Arctic Ocean likely had the smallest winter ice cover in 47 years of satellite records this season, with just 5.53 million square miles of sea ice covering the region at its peak on March 22.
Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup
Insurance Journal
FEBRUARY 11, 2025
Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance operations.
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs
Insurance Journal
FEBRUARY 3, 2025
RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfiresand anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at 1/1.
Selectsys Acquires Expert Insured, with AI for Carriers, MGAs
Insurance Journal
FEBRUARY 27, 2025
Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. Terms were not disclosed.
US Anger Grows Over Global Reach of EU’s ‘Hostile’ ESG Rules
Insurance Journal
MARCH 6, 2025
As trans-Atlantic relations grow increasingly fraught, Europe’s ESG regulations are becoming yet another flashpoint that threatens to sour ties.
Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist
Insurance Journal
FEBRUARY 7, 2025
Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil.
‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
Insurance Journal
JANUARY 24, 2025
January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” Geoeconomics refers to the intersection of geopolitical forces and economic policies.
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
Insurance Journal
JANUARY 24, 2025
The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s four largest reinsurers Swiss Re, Munich Re, Hannover Re and SCOR, according to a Fitch Ratings commentary.
EU Plans Ban on ‘Forever Chemicals’ in Consumer Products
Insurance Journal
JANUARY 20, 2025
The European Commission intends to propose a ban on the use of PFAS, or “forever chemicals,” in consumer products, with exemptions for essential industrial uses, the EU’s environment chief told Reuters.
Generali, BPCE to Form Europe’s Second-Largest Asset Manager
Insurance Journal
JANUARY 21, 2025
Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry.
South Korea to Change Airport Design After Deadly Jeju Air Crash
Insurance Journal
JANUARY 22, 2025
South Korea will extend runway safety areas and redesign infrastructure after the crash of a Jeju Air Co. flight last month that killed almost everyone on board, sparking criticism that the design of the airport might have exacerbated the accident.
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