The series of severe convective storms that broke out in the U.S. over the last week are estimated to cause total economic and insured losses in the hundreds of millions of dollars, suggests Aon.
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US Homeowners Insurers to See Improved 2023 Results on Premium Growth
Material rate increases for homeowners insurance in most jurisdictions support strong premium growth in 2023, with segment results likely to improve going forward.
Administration to Move Forward with Changes to Medicare Payments
The Biden administration will move ahead with changes that could reduce federal payments to many private Medicare plans, but will phase them in more slowly than it had planned.
J&J Unit Loses Bid to Stay in Bankruptcy During Supreme Court Appeal
A Johnson & Johnson company cannot delay a court order dismissing its bankruptcy, a U.S. court said on Friday.
Beazley Updates Primary US Public D&O Offering
Specialist insurer Beazley has announced a refreshed Primary US Public D&O Wording, available both in the London Market and on a Surplus Lines basis in the US.
FEMA Maps Social Factors Onto Flood, Fire and Hurricane Risk
The free digital tool that the US government gives communities to help evaluate local risks from 18 natural hazards is getting a makeover.
Justice Department, EPA File Civil Complaint Against Norfolk Southern
Federal prosecutors and environmental regulators have filed a complaint against Norfolk Southern Corp. over last month’s derailment in East Palestine, Ohio.
New EV Rules Mean Fewer Models Eligible for Tax Credit
The Biden administration detailed new criteria for an electric-vehicle tax-credit program.
Federal Judge OKs $185M Deal in Minor Leaguers’ Suit vs MLB
A $185 million settlement in a lawsuit by minor leaguers against Major League Baseball for violating federal minimum wage laws was approved Wednesday by a federal judge.
CA Commissioner Lara and FAIR Plan Reach Agreement to Increase Commercial Property Insurance Limit to $20M
This important adjustment more than doubles existing coverage limit options for California businesses.