Farmers Insurance Exchange has announced that it has become the first US-based insurer to sign on to the United Nations Environment Programme Finance Initiative’s Principles for Sustainable Insurance (PSI), an international framework for the insurance industry to address environmental, social and governance risks.

The Justice Department on Wednesday announced what officials called the first national takedown of a criminal enterprise profiting from the rampant theft of catalytic converters. The scope of the car parts operation was huge: Officials said they will seek $545 million in forfeitures of cash, luxury cars and real estate.

A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it.

We have written here before about the dreadful state of the property insurance market in Florida. A proof of concept was definitely not needed, but Hurricane Ian provided it anyhow. Insured losses from Ian have been estimated at between $28 billion and $47 billion; add uninsured losses and estimates balloon to $70 billion.

Are you tired of the same ol’ mundane wellness programs? Weight loss, stress reduction, vaccine clinics, and corporate step challenges, all sounding familiar to you?

Not a fad diet or magic pill, automation is a lifestyle change. Let’s talk change management.

In a rare policyholder win, a federal district court has refused to dismiss COVID-19-related business litigation filed by the Sacramento Kings basketball team and its venue against FM Global.

Giving the customer what they want -- or need, depending on whom you’re quoting -- is a basic tenet of business. And perhaps the one thing all customers want -- and need -- is a good experience with the company they are working with. It’s a truth that the insurance industry needs to understand.

FedEx Corp said it would ask a federal judge in Texas to throw out or reduce a jury’s $366 million damages award to a Black former employee who accused the company of disciplining and firing her after she complained about racial discrimination.

A federal judge has ruled that a lawsuit accusing GEICO of overcharging over two million car insurance policyholders early in the pandemic can proceed as a class action.

PG&E Corp. recorded a $100 million third-quarter charge for a California wildfire that its equipment may have sparked last month in the Sierra Nevada mountains.
California’s biggest utility said the costs of the Mosquito Fire should be largely offset by insurance and other rate recoveries, according to a filing Thursday with the US Securities and Exchange Commission.

There is a sense that the industry has risen to the occasion in handling massive claims and now has an opportunity to play a leadership role in other key areas.

Almost a year ago, I felt impelled to bust the cliché that insurance is boring. In that blog post, I called out the idea that any industry that touches every imaginable peril individuals, families, businesses, and communities face could reasonably be considered dull.

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They refer to it simply as ‘The Storms of 98.’ Fierce rains and high tides combined to make San Francisquito Creek overflow its banks at 1 a.m., inundating houses, cars and streets. Firefighters used boats to rescue people trapped in their homes and school buses took evacuees to the Cubberley Community Center for shelter in the predawn hours. Approximately 1,700 properties in East Palo Alto, Palo Alto and Menlo Park were damaged.

Mondelez International and Zurich American Insurance reached a settlement late last week in their multi-year legal battle over the food company’s $100 million claim regarding damage from the NotPetya cyberattack in 2017.