2025

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Georgia Lawmakers Approve Major Tort Reform, Overhaul of Legal System

Insurance Journal

ATLANTA (AP) Republican Gov. Brian Kemp’s measure to limit lawsuits in Georgia received House approval Thursday, poising the state’s litigation landscape for a controversial overhaul after a lengthy lobbying campaign.

Liability 298
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Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

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

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

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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

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.

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Leverage Trellis Court Data To Identify More Investment Opportunities

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

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.

Broker 147

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6 Must-Have Insurance Coverages For Your Metalworking Manufacturing Business

Central Insurance

Metalworking, which dates back to prehistoric times, began with shaping soft metals like gold and has since advanced into a sophisticated industry that includes techniques such as hammering, smelting, forging, and welding. Metalworking helps support nearly every facet of our lives, from essential tools and appliances to construction projects like buildings and bridges to the […] The post 6 Must-Have Insurance Coverages For Your Metalworking Manufacturing Business appeared first on Central

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Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials

Insurance Journal

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.

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City of London Hit Harder Than Rest of Economy Since Brexit Vote

Insurance Journal

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.

Insurer 278
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After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

Insurance Journal

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.

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Take the Hassle Out of Claims Management

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

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FCC Chairman Threatens to Block M&A for Companies With DEI

Insurance Journal

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.

Policy 273
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Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says

Insurance Journal

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.

Insurance 277
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Med-Mal Insurer ProAssurance to Go Private After $1.3B Purchase by The Doctors Co.

Insurance Journal

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.

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Consultant Sheds Some Light on Hot-Potato MGA Fee Report at Florida Legislative Hearing

Insurance Journal

A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting.

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China Bans ‘Smart’ and ‘Autonomous’ Driving Terms From Vehicle Ads

Insurance Journal

China is banning automakers from using the terms “smart driving” and “autonomous driving” when they advertise driving assistance features, and it will tighten scrutiny of such technology upgrades.

Liability 236
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Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

Insurance Journal

Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures.

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California Bill Seeks to Beef up Consumer Privacy Protections for Insurance

Insurance Journal

A new bill introduced in California aims to increase transparency and accountability in California’s insurance market by bolstering consumer privacy protections and establishing a privacy rights framework for insurance licensees and their third-party service providers.

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Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

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.

Crime 269
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Australian Pension Fund Fined A$10.5 Million for Greenwashing

Insurance Journal

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.

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Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries

Insurance Journal

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.

Injury 274
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Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

Insurance Journal

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.

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Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

Insurance Journal

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.

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Florida OIR Approves Smaller Average Rate Increases for Citizens This Year

Insurance Journal

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.

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Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Insurance Journal

Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned.

Crime 211
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Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz

Insurance Journal

Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial.

Risk 263
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DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days

Insurance Journal

Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by the Chinese artificial-intelligence startup DeepSeek, according to the cybersecurity firms hired to help protect their systems.

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North Carolina Settles on 15% Increase in HO Rates

Insurance Journal

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.

Premium 246
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UK Financial Services Industry Slow to Hire Women to Top Roles, Report Finds

Insurance Journal

Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.

Insurer 228
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Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming

Insurance Journal

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.

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Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup

Insurance Journal

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.

Insurance 258
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Property-Catastrophe Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs

Insurance Journal

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.

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Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer Affiliate Profits

Property Insurance Coverage Law

Yesterdays testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story thats been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance industry and simply chose to … The post Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer

Insurance 203
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Generali to Comply With Government’s View on Natixis Deal, CEO Tells Newspaper

Insurance Journal

Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday.

Insurance 237