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 Insured Insurer Insurance 336

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 Insured Insurer Insurance 328

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.

Insured 317

Insured Insurer Insurance Protection 317

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.

Insured 328

Insured Insurer Insurance 328

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Insurance Claim

Insurance Journal

JANUARY 15, 2025

Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025.

Business Interruption 313

Business Interruption Cyber Risk Commercial 313

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 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 312

Damage Insured Insurer Insurance 312

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.

Insured 312

Insured Insurer Insurance Property Insurance 312

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 Insurer Insured 299

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 288

Policy Risk 288

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 Insurer Insured 306

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.

Insured 299

Insured Insurer Insurance Damage 299

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 Insurer Insured 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.

286

286

Insurance Journal

JANUARY 16, 2025

Bayer AG’s Monsanto unit stopped making toxic PCBs a half century ago, but the legal fallout lingers even as many of the building materials made with the chemicals are no longer used in US homes, schools and factories.

Building 278

Building 278

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 278

Building 278

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 278

Workers Comp License Compensation Liability Insurance 278

Insurance Journal

JANUARY 15, 2025

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California, creating the risk of more blazes in the wake of a disaster that has killed at least 24 people, driven thousands from their homes and …

Risk 278

Risk Insurance Insurer Insured 278

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 297

Risk Damage Insurance Insurer 297

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 295

Risk Liability 295

Insurance Journal

JANUARY 14, 2025

This month, the minimum automobile liability coverage requirements in North Carolina jumped to 50/100/50, among the highest minimums in the country. The change is the result of Senate Bill 452, approved in 2023 and which became law last year.

Liability 278

Liability Auto Insurance Insurance Insurer 278

Insurance Journal

JANUARY 15, 2025

A cyberattack that paralyzed hospitals and clinics in London last year resulted in harm to dozens of patients, leading to long-term or permanent damage to their health in at least two cases, according to data obtained by Bloomberg News.

Damage 274

Damage Cyber Risk 274

Insurance Journal

JANUARY 3, 2025

Colorado Gov. Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes.

Workers Comp 290

Workers Comp Compensation Workers Compensation Insurance 290

Insurance Journal

JANUARY 3, 2025

U-Haul, one of the best-known providers of trucks, vans and moving supplies, also tracks where that equipment is being used. And in 2024, Southeastern states led the nation, with South Carolina ranking as the state with largest number of customers.

Property Insurance 290

Property Insurance Insurance Insurer Insured 290

Insurance Journal

JANUARY 2, 2025

Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara.

Insurance Carrier 290

Insurance Carrier Insured Insurer Insurance 290

Insurance Journal

JANUARY 2, 2025

Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the negotiations.

Risk 290

Risk 290

Insurance Journal

JANUARY 13, 2025

A U.S.

276

276

Insurance Journal

JANUARY 13, 2025

New York Attorney General Letitia James has filed a lawsuit to recover $2.2 million worth of cryptocurrency held in digital wallets and stolen from New Yorkers and victims across the country in a remote job scam.

276

276

Insurance Journal

JANUARY 16, 2025

There has been some question about whether California’s insurer of last resort the FAIR Plan has enough cash on hand to pay for its share of wildfire claims.

Claim 264

Claim Deductible Insured Insurer 264

Insurance Journal

JANUARY 10, 2025

As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer.

Insurance 279

Insurance Insurer Insured 279

Insurance Journal

JANUARY 10, 2025

ASHEVILLE, N.C. (AP) North Carolina governments are receiving over $1.65 billion in federal block grant money to help address historic levels of damage caused by Hurricane Helene in western North Carolina. The money $1.

Damage 277

Damage Property Insurance Insurer Insured 277

Insurance Journal

JANUARY 9, 2025

ORLANDO, Fla. (AP) A major grower said this week it is abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree diseases. Alico Inc.

Property Insurance 279

Property Insurance Insurer Insured Insurance 279

Insurance Journal

JANUARY 9, 2025

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

Insured 278

Insured Insurer Insurance 278