Tens of thousands of lawsuits flooded the offices of court clerks across Florida days before Gov. Ron DeSantis signed sweeping new business-backed legal restrictions.
Category: Show on Homepage
Former Aetna CEO to Take Helm of Health Insurer Oscar
Mark Bertolini, former chief executive of health insurance giant Aetna Inc., will take the helm of Oscar Health Inc.
NHTSA Probes Tesla’s 50K Model X SUVs Over Seat Belt Issue
The NHTSA opened a preliminary investigation into an estimated 50,000 Tesla Model X SUVs over complaints of front seat belt failures.
U.S. Directors and Officers Liability Market Update
Longer-term increases in litigation activity, defense costs and settlement trends, offset by a pandemic-induced disruption in claim trends, drove directors and officers (D&O) liability underwriting volatility recently.
California State Farm Auto Insurance Customers to See a $264M Rate Increase
California drivers who use State Farm for their auto insurance coverage are facing a premium increase of $263.7 million.
Stop Insuring Carbon Projects ‘Immediately’, Activists Tell Bosses
A group of climate activists has called on 30 insurance company bosses to “immediately” stop underwriting new fossil fuel projects.
Distress in Office Market Spreads to High-End Buildings
Defaults and vacancies are on the rise at high-end office buildings, in the latest sign that remote work and rising interest rates are spreading pain to more corners of the commercial real-estate market.
PLM Raising Funds for St. Baldrick’s Foundation through Head Shaving Event
Pennsylvania Lumbermens Mutual Insurance Company (PLM) is hosting a fundraiser in support of the St. Baldrick’s Foundation, a charity dedicated to supporting research to find cures for childhood cancer.
The Rise of MGAs Starting Their Own Insurance Companies
Fueled by COVID, hard market, tech, and unpredictable climate events, the insurance industry was already undergoing significant changes, and now we witness MGAs starting their own insurance companies and buying out existing brokers.
South Hit by More Severe Weather After Tornadoes Leave 26 Dead
Severe storms rumbled across parts of the South on Sunday, two days after violent tornadoes smashed through the Mississippi Delta region, gutting rural towns and leaving more than two dozen people dead.