Florida Judge Criticizes Insurance Company for Blocking Policyholder Claims
A Nassau County judge accuses a Florida insurance company of stonewalling policyholders and ignoring court orders, highlighting a broader issue with claim disputes.
March 22, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Florida
Vermont Communities Seek $3.5M for Home Elevation After Catastrophic Flooding
In response to devastating floods, Barre and Montpelier request $3.5 million to elevate homes, providing safer living conditions amid a housing crisis.
March 22, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Vermont
Claims Adjusters Urged to Justify Their Decisions Amid Rising Concerns Over Training and Experience
Experienced adjusters call for their peers to better defend adjustments, highlighting concerns over recent training quality and ethical standards in claim handling.
March 21, 2024
Education & Training
Litigation
Property
Technology
Atlantic City Races Against Time for Beach Replenishment Before Summer Season
As crucial summer months approach, Atlantic City faces significant beach erosion, prompting urgent calls for expedited beach replenishment projects.
March 21, 2024
Catastrophe
Insurance Industry
Property
Risk Management
New Jersey
State Farm to Non-Renew Thousands of Property Policies in California Amid Market Challenges
State Farm General Insurance announces significant policy non-renewals in California, citing financial stability and market conditions.
March 21, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
California
Record-Breaking Hail Events Mark the Start of 2024’s Severe Storm Season
Over 660,000 properties were hit by significant hail during early March, surpassing 2023 records and signaling a potentially challenging year for insurers.
March 20, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
Illinois
Kansas
Missouri
Oklahoma
New Jersey Implements Flood Risk Disclosure Law for Real Estate Transactions
Starting March 20, New Jersey’s new law mandates flood history and risk disclosures for all real estate transactions, enhancing transparency and preparedness.
March 20, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
New Jersey
How Property and Casualty Insurers Can Boost Profits with AI in 2024
As P&C insurers navigate inflation and climate challenges, strategic AI adoption, including computer vision and LLMs, offers a path to enhanced profitability.
March 19, 2024
Property
Risk Management
Technology
Underwriting
Massachusetts Beach Community Faces Setback as Storm Washes Away Newly Added Sand
A recent storm in Salisbury, Massachusetts, has undone efforts to fortify the beach, washing away $600,000 in sand, despite community-led dune replenishment initiatives.
March 15, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Massachusetts
New Jersey
Innovative Initiative Launched to Enhance Insurance Access for High-Risk Buildings
A groundbreaking facility aims to make insurance more accessible for buildings with fire safety issues, boosting market competition and support for affected properties.
March 13, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Navigating Insurance Challenges in California’s Shifting Landscape
California faces insurance hurdles with outdated Proposition 103, hindering actuarially sound underwriting amid escalating natural disasters.
March 8, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California
KBW’s Analysis Foresees Bright Earnings Outlook Across P&C Insurance Sub-Sectors for 2024
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.
March 7, 2024
Insurance Industry
Property
Risk Management
Florida
Texas Panhandle Wildfires Leave Uninsured Residents Facing Dire Financial Futures
Many residents of the Texas Panhandle, left uninsured, face an uphill battle in recovering from devastating wildfires, highlighting the growing insurance affordability crisis.
March 5, 2024
Catastrophe
Property
Risk Management
Texas
State Farm’s Underwriting Loss Deepens in 2023 Despite Auto Insurance Recovery
In 2023, State Farm reported a significant increase in underwriting losses, driven by property line challenges despite improvements in auto insurance results.
March 4, 2024
Auto
Catastrophe
Insurance Industry
Property
Exploring the Multifaceted World of Insurance Adjusting: Insights from Industry Veterans
Industry experts share their experiences, offering valuable insights into the daily life, challenges, and rewards of working as an insurance adjuster.
March 1, 2024
Auto
Education & Training
Property
Workers' Compensation
