Americans are moving fastest to Florida, Texas and other states most at risk for climate-related natural disasters despite rising home insurance premiums.
Author: Annie George
Judge Orders J&J, Talc Opponents to Engage in Settlement Talks
After another round of hearings in Johnson & Johnson’s effort to use a Texas Two-Step bankruptcy strategy for talc litigation, federal bankruptcy Judge Michael Kaplan has ordered the company and those opposing the move to conduct settlement talks.
Colorado Wants to Prevent AI-Driven Discrimination in Insurance
Colorado officials want to ensure that residents’ social media habits, credit scores and other less traditional customer data cannot be used against them when shopping for insurance.
Warren Buffett’s Berkshire Hathaway Reports Solid Rise in Earnings as Geico Swings into Profitability
Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings after its auto-insurer Geico swung to profitability following some six quarters of losses
LA Commissioner Donelon Issues $2M in Fines to Law Firm for Insurance Fraud Scheme
Insurance Commissioner Jim Donelon issued fines totaling $2 million this week to Texas law firm McClenny Moseley & Associates (MMA) for engaging in unfair trade practices and insurance fraud.
IICF to Host 2023 Global Inclusion in Insurance Conference in NYC
The IICF will host its Inclusion in Insurance Global Conference from June 13 -15 at the New York Hilton Midtown.
Nation’s Biggest Car Insurers Raising Rates Again
Two of the nation’s biggest car insurers say inflation continues to hurt their auto-insurance businesses, and are pushing ahead with additional premium-rate increases for vehicle owners.
FL and LA are Borrowing Hundreds of Millions of Dollars to Cope with Hurricane Insurance Claims
In an emergency financial maneuver, the state-chartered insurance associations of Florida and Louisiana have been forced to borrow a combined $1.3 billion to cover insurance claims caused by worsening hurricanes.
AIG Buoyed by Higher Premiums on Business Insurance
AIG showed continued improvement in its core business-insurance operations, but a weaker and shrinking share of income from a life-insurance unit being divested kept its operating income relatively flat.
Q2 2023 Airline Insurance Market Renewal Outlook: WTW
Healthy market capacity is currently keeping aviation insurance rates stable, but there is mounting pressure.