INSURANCE NEWS
Forecast Calls for Wildfires to Burn More Land Across US This Year
A Long-range forecast predicts wildfires will burn more land across the U.S. this year, with a potentially active spring in places and a build up into summer.
Dog Bite Claims Soar in Frequency and Cost: Report
Insurers in the U.S. paid out about $1.6 billion in dog-related injury claims in 2024, according to data compiled by the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims last year totaled …
Florida Class Action Targets Litigation Funding Firm Over Data Breach
Third-party litigation financing have become big business across the country, much to the chagrin of businesses and insurance companies that have been on the receiving end of multi-million lawsuit verdicts. But now one Florida-based litigation funding firm, which has loaned …
People Moves: Virginia’s Workers’ Comp Commission Names Two Deputy Judges
The Virginia Workers’ Compensation Commission Names Two New Deputy Commissioners The Virginia Workers’ Compensation Commission (VWCC) has named two new deputy commissioners, Frederick T. Schubert II and Christopher R. Wilson. Schubert and Wilson will serve as administrative law judges under …
Medical Evaluator Demand Grows in California Workers’ Comp System
The number of qualified medical evaluators in California’s workers’ compensation system has increased since 2019, but the demand for their services has overtaken this growth, a new analysis shows. Between 2019 and 2024, the number of state-certified evaluators increased by …
PG&E Misses 1Q Profit Estimates on Higher Expenses, LA Wildfire Worries Linger
PG&E Corp. missed first-quarter profit estimates on Thursday, as the power company was hurt by higher operating and interest expenses. Higher-for-longer interest rates push up borrowing costs for utility companies, which typically need more capital for expenses such as maintaining …
People Moves: Ryan Specialty Appoints Kelleher President of SUITELIFE Underwriting Managers
Ryan Specialty, headquartered in Chicago, Illinois, appointed Chris Kelleher president of SUITELIFE Underwriting Managers effective June 30. The hotel and resort industry-focused managing general underwriter is a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty. This new …
Wife of Former US Sen. Bob Menendez Convicted in Bribery Scheme
Nadine Menendez, the wife of former U.S. Sen. Bob Menendez, was convicted of teaming up with her husband to accept bribes of cash, gold bars and a luxury car from three New Jersey men looking for help with their business …
Small Plane Hit Power Line Before Crashing in Platte River in Nebraska
A small plane appeared to have struck a power line before it crashed into the Platte River in Nebraska and killed all three people aboard, according to the National Transportation Safety Board. Few details are available about the Friday evening …
Texas Governor Abbott Signs Bill Inspired by DOGE
Gov. Greg Abbott on Wednesday signed the first law of this year’s legislative session, a bill creating a new regulation-cutting agency inspired by Elon Musk’s federal Department of Government Efficiency. “Texas can have our own DOGE,” Abbott said Wednesday. “What …
Ohio Attorney General to Certify Proposed Ban on Police Immunity
Prompted by a stinging defeat at the U.S. Supreme Court, Republican Ohio Attorney General Dave Yost on Tuesday said he was putting aside his objections and allowing a proposed constitutional amendment that would end qualified immunity for police and other …
Global Commercial Insurance Rates Drop 3% During Q1, but US Casualty Bucks the Trend
Global commercial insurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance broker Marsh. The Q1 2024 average commercial rate …