News
Court revives restaurant's bad faith suit against insurer
3+ hour, 13+ min ago (365+ words) businessinsurance. com Court revives restaurant's bad faith suit against insurer An insurer that pays a breach of contract judgment can still face a bad faith lawsuit over its handling of the claim, a Florida appeals court ruled Wednesday. In Healthy…...
Property/casualty growth slows as pricing "normalizes: Allianz
1+ week, 6+ day ago (208+ words) Global property/casualty premiums rose 3. 8% last year, compared with 8. 5% in 2024 and the ten-year average of 5. 6%, as pricing cycles "normalized" and claims inflation began to stabilize, according to a report released Thursday by Allianz. North America remained the industry's dominant property…...
Calif. comp rates set for biggest hike in more than a decade
1+ mon, 1+ week ago (299+ words) California employers could see the largest workers compensation pure premium rate increase in more than a decade after the Workers" Compensation Insurance Rating Bureau of California"s governing committee on Thursday authorized a Sept. 1, 2026, filing proposing a 10. 4% increase in advisory…...
Al Caceres
1+ mon, 2+ week ago (32+ words) businessinsurance. com IMA Financial Group named Al Caceres senior vice president, national energy property leader. Previously, Mr. Caceres was head of energy & construction, property at Everest. More Comings & Goings...
Trimming risk exposure costs homeowner hefty fine
2+ mon, 4+ day ago (153+ words) businessinsurance. com Trimming risk exposure costs homeowner hefty fine A San Francisco homeowner learned the hard way that routine maintenance can come with a not-so-routine price tag. As reported by Moneywise, Paul Dennes did what many homeowners insurance policyholders are…...
Katrina Zafiriadis
2+ mon, 2+ week ago (53+ words) businessinsurance. com Marsh named New York-based Katrina Zafiriadis to lead a newly established service delivery practice in the United States and Canada for Marsh Risk, its main brokerage unit. Previously, Ms. Zafiriadis was chief of staff to Michelle Sartain, president…...
Insurer entitled to fees, interest in assigned risk dispute: Indiana high court
2+ mon, 3+ week ago (320+ words) The Indiana Supreme Court on Tuesday ruled that an insurer is entitled to recover attorneys" fees and interest in a long-running workers compensation insurance dispute, affirming a lower court in part and remanding for further proceedings. In'Indiana Compensation Rating Bureau…...
Terrorism insurance take-up rates fall in five years: Marsh
2+ mon, 3+ week ago (276+ words) Terrorism insurance take-up rates have declined over the past five years despite a perceived expansion on the threat environment, according to a report Wednesday from Marsh. "The rapidly evolving terrorism threat landscape " with decentralized actors, the rise of NBCR risks,…...
Commercial insurance renewal hikes slow in February: Ivans
3+ mon, 6+ day ago (140+ words) Commercial insurance renewal rates for most lines of business showed smaller increases in February than January, according to Ivans, data analytics unit of Applied Systems. Commercial auto lines showed a 5. 18% increase in February, down from a 5. 62% increase in January. Business…...
State fund must cover longtime injured worker whose company was insolvent
4+ mon, 1+ week ago (250+ words) In a Jan. 30 decision that reinforces reimbursement rights for reinsurers and insurers involved in long-tail workers compensation claims when employers later become insolvent, the court reversed a Department of Industrial Accidents reviewing board ruling that had denied Employer's Reinsurance Corporation's…...