Insurers and Consumers Face Growing Legal Costs Amid Social Inflation
Innovative legal tactics and social inflation are driving up insurance premiums and contributing to a hidden ’tort tax’ for American households.
April 5, 2024
Auto
Insurance Industry
Legislation & Regulation
Property
California
Florida
Indiana
Kentucky
Louisiana
Tackling the Rising Threat of Snow Melt Flooding
With snow melt floods posing a growing threat in the U.S., insurance experts highlight the importance of adequate coverage and mitigation strategies.
April 3, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
California
Illinois
Iowa
Kentucky
Homeowners Brace for Further Hikes Amid Climate and Market Pressures
As homeowners grapple with a 19.8% spike in insurance rates, projections show a relentless 6% increase into 2024, heavily influenced by climate change and severe weather patterns.
April 1, 2024
Catastrophe
Legislation & Regulation
Property
Connecticut
Florida
Illinois
Louisiana
Maine
2023 Reflects a New Norm in Natural Catastrophe Insurance Losses
In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.
March 26, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
Louisiana Proposes Two Bills to Amend Workers’ Compensation Laws
Representatives Taylor introduces two bills in Louisiana aiming to modify the landscape of workers’ compensation claims and presumptions.
March 26, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Workers' Compensation
Louisiana
Insurance Coverage Threatened by Rising Claims Costs and Legal System Abuse
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.
February 28, 2024
Legislation & Regulation
Litigation
Property
Risk Management
Florida
Louisiana
Climate and Weather Challenges Escalate Risks and Costs for Organizations in 2023
2023 sets a record as the warmest year since 1850, with weather-related disasters costing the US $150 billion annually.
February 22, 2024
Catastrophe
Property
Risk Management
California
Hawaii
Louisiana
Washington
Louisiana Sets Precedent with Mandatory Smoking Cessation Coverage
A landmark Louisiana law mandates health insurance to cover six months of smoking cessation treatments, marking a significant public health advancement.
February 20, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Risk Management
Louisiana
Virginia
Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency
With hurricanes becoming three times more frequent over the past century, only a handful of U.S. states are stepping up with effective risk reduction strategies.
February 12, 2024
Catastrophe
Marine
Property
Risk Management
Louisiana
New York
J&M Industries Settles Age Discrimination Case for $105,000 Following EEOC Lawsuit
J&M Industries, Inc., resolves an EEOC lawsuit for $105,000 after allegedly firing an employee due to age discrimination, violating federal law.
February 5, 2024
Legislation & Regulation
Litigation
Louisiana
Texas Law Firm Faces Over $10 Million Judgment for Hurricane Claim Fraud
McClenny, Moseley & Associates, a Texas law firm, is ordered to pay over $10 million for fraudulent activities related to hurricane insurance claims.
January 23, 2024
Catastrophe
Fraud
Litigation
Property
Louisiana
Texas
US Auto Insurance Premiums Set for Record Increase in 2024
As U.S. drivers brace for the highest auto insurance rate hike since 2018, with an average increase of 12.6%, financial pressures mount across states.
January 10, 2024
Auto
Insurance Industry
Legislation & Regulation
Technology
Arizona
California
Connecticut
Florida
Georgia
P&C Insurance in 2023: A Year to Forget, but a Stepping Stone to Future Success
Exploring the tumultuous journey of the P&C industry in 2023 and its potential path towards recovery and innovation in 2024, amidst global and economic uncertainties.
January 2, 2024
Auto
Catastrophe
Legislation & Regulation
Technology
Alabama
California
Florida
Louisiana
Mississippi
Rising Natural Disasters and Economic Factors Lead to Increasing Homeowners Insurance Costs
Homeowners insurance affordability declines nationwide, influenced by increased natural disasters and economic factors, with significant state-to-state variations in insurance costs.
November 20, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Louisiana
Mississippi
New Hampshire
Oklahoma
Homeowners Insurance Affordability Study Reveals Significant Variations Across States
A recent study by the Insurance Research Council reveals stark differences in homeowners insurance affordability across the United States.
November 14, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
New Hampshire
