The insolvency of American Transit Insurance Company, the largest insurer of taxis and for-hire vehicles in New York City, could create an unprecedented insurance crisis, affecting over 74,000 vehicles.
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Wildfires Spark Concern Over Rising Insurance Rates
The recent wildfires in Southern California have scorched tens of thousands of acres and destroyed many homes, raising concerns about the impact on fire insurance rates.
More States Offering State-Funded Health Coverage for Immigrants
As the conversation around healthcare access continues to evolve, more states are expanding health coverage to include income-eligible individuals, regardless of their immigration status.
The Rising Tide of Risk
Home sales in flood-prone areas are booming, as buyers, despite the growing risks of climate change, are increasingly willing to take on the financial and physical challenges of living in flood zones.
Mosaic Builds Out Environmental Liability Team
Mosaic has added 13 leading US environmental risk specialists to its team as the company drives a strategic buildout of business across the Americas.
US Workers’ Compensation Insurance Segment Continues Winning Streak
The workers’ compensation segment continues to outperform every other line of business in the U.S. property/casualty (P/C) industry, bolstered by ongoing declines in loss frequency and favorable reserve development, according to a new AM Best report.
Income, Poverty, and Health Insurance Coverage in the U.S. Key Findings
The U.S. Census Bureau released its latest findings (2023) on income, poverty, and health insurance coverage. The report highlights improvements in household income and a slight reduction in poverty, while health insurance coverage rates remained largely unchanged.
ReSource Pro Announces Philippine Expansion, Surpasses 10,000 Employees
ReSource Pro, a leading strategic operations partner to insurance organizations, today announced its plans to enter Southeast Asia and expand its global client delivery operations into the Philippines.
Shift Technology Named a Celent Luminary in 2024
Shift’s Solutions Recognized for Sophistication and Breadth of Technology and Leading Market Presence
New Push to Raise Minimum Liability Insurance for Truckers Sparks Industry Concerns
A proposed bill aimed at increasing the minimum liability insurance for motor carriers by 566% is gaining traction, with U.S. lawmakers intensifying the debate over its potential impact on the trucking industry.