According to KBW, Property & Casualty insurers express optimism for 2024, driven by rate increases, moderating loss trends, and strong growth in brokerage and specialty lines.

A landmark $72.5 million judgment has been awarded to Aurora Beauchamp, a cancer patient severely injured by a city bus, marking one of the MTA’s largest payouts.

The escalating number of uninsured drivers in Florida underscores a growing crisis of insurance affordability, putting all road users at risk.

A New York doctor’s sudden death due to an allergic reaction at a Disney Springs restaurant sparks a lawsuit against Walt Disney Parks and Resorts.

Recent trends in claims litigation and social inflation are increasing insurance premiums, particularly in states like Florida and Louisiana, as legal system abuse continues to challenge the industry.

The record-breaking climate and weather disasters of 2023 underscore the urgent need for the insurance industry to adopt a Predict & Prevent approach to mitigate financial impacts and protect policyholders.

The CEO of Swiss Re underscores the need for fair risk valuation amid rising insurance costs, pointing to climate change as a significant driver of recent price adjustments.

Amid reports of no significant national increase in shoplifting, Florida Governor Ron DeSantis announces a legislative crackdown on retail theft and porch piracy.

The FDA lists 57 products in a growing recall over listeria contamination fears, with an investigation focusing on queso fresco and cotija cheeses.

Investors claim the NBA’s marketing links with Voyager Digital led to significant losses, spotlighting the legal risks of endorsing cryptocurrency firms.

The Jacksonville Jaguars are in talks with FanDuel for the recovery of $20 million, misappropriated by a former employee for online betting.

A key Florida Senate bill aims to shift secondary home insurance from Citizens to surplus lines carriers, stirring mixed reactions among industry professionals.

In a pioneering move, the Florida Bar approves AI for legal use, setting ethical standards to guide lawyers in harnessing AI technology responsibly.

In response to the surge in litigation costs and nuclear verdicts, various states have enacted significant tort reforms to balance corporate accountability and economic growth.

The entry of six new insurance companies into Florida’s market, following state regulatory approval, promises more options and competition for homeowners seeking coverage.