There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight has been found in individual jurisdictions that have rules to increase transparency, according a panel on the topic at the …
The property/casualty insurance industry is contributing to improved cyber hygiene in the U.S., a survey of insurers, agents, and brokers conducted by the American Property Casualty Insurance Association and the Council of Insurance Agents & Brokers shows. The survey responses …
The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …
An insurer group and a reinsurer are calling for reforms to the U.S. legal system armed with a survey they conducted that shows a majority of Americans are unaware of the impact that plaintiff attorney “tactics” like predatory advertising and …
Litigation financing could soon become more transparent and less influential in Florida, but a 34-year-old restriction on who can file medical malpractice wrongful death claims would be expanded under bills approved Monday by a key Florida legislative panel. The Senate …
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private reinsurance costs. But a trade group for carriers suggested that a federal remedy could create more problems. “Federal solutions to …
Insurance claims inflation has risen faster than the underlying consumer price index, outpacing auto insurance premium increases, according to a new study by the American Property Casualty Insurance Association (APCIA). The national trade association for home, auto and business insurers …
The insurance industry says it now has hard data proving that if you have a bad credit score, you’re more likely to slam on the brakes or step hard on the gas. Also if you’re less educated, unmarried, or sell …
Auto loss costs climbed rapidly this year as vehicle traffic returned nearly to pre-pandemic levels and motorists adopted more risky behaviors, the American Property Casualty Insurance Association said in a white paper released on Monday. An increase in claim frequency …
The California Supreme Court on Thursday overturned a jury verdict that found Qualcomm Inc. liable for third-degree burns suffered by an employee of an electrical contractor who was hired to work on equipment at the company’s San Diego campus. It …