Florida-based insurers still aren’t profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance companies are preparing to enter the Florida market.
When trying to improve workers’ compensation outcomes, there is a mental health aspect that must be considered. According to a large epidemiological study, 50% of the U.S. population will struggle with a mental health issue at some point in their lives.
Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter.
Often, when a commercial motor vehicle driver reports an accident, the details of the collision are murky, and the severity of the accident is understated.
Prompt: Write me a one-to-two paragraph magazine article introduction about artificial intelligence being a mind extension tool, as defined by Clark and Chalmers’ extended mind theory.
Sam Bankman-Fried’s criminal trial started this week; and on the same day, he sued one of his director & officer insurers. And a lot of people are asking, why? Is the timing a coincidence or on purpose? Shouldn’t he be focused on the criminal trial? The answer is: he is.
As labor shortages and widespread economic challenges require a level of nimbleness from everyone in the workforce, companies today often need their employees to be able to pivot.
A Florida insurance claims adjuster was arrested late last month for allegedly running an $11.6 million auto insurance fraud scheme since December 2018, according to the Florida Department of Financial Services (DFS).
Portions of the South are facing the increased threat of severe weather and tornadoes this time of year. We are in the period known as the ‘second tornado season’ for many residents in the south. The American Property Casualty Insurance Association (APCIA) urges residents, particularly across the South and southern Plains to stay vigilant.
Ms. Conaway’s first fraudulent invoice claimed she was hospitalized in Arizona and she received just over $10,000 in payment from the insurance company. After this apparent success, Ms. Conaway went on to file claims using forged invoices for hospitalizations in Florida and California.
Insurance defense attorneys on Wednesday urged the Texas Supreme Court to uphold the ‘plain language’ of a law passed in 2017 that they say precludes recovery of attorney fees in cases where the insurer pays the full amount of an appraisal.
The exodus of some insurers from states badly affected by catastrophic climate-related events represents an opportunity for the carriers that remain, but comes with a need to understand the potential effect it has on customer perceptions, according to the J.D. Power 2023 U.S. Home Insurance Study.
About 8 out of 10 business owners recently surveyed expressed worries that specific events or losses would have the potential to affect their firms despite their existing business insurance coverage. Life insurance and business owner policies tied as the top concerns.