INSURANCE NEWS
US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained robust—and up in …
SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism
Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers—four women and four men—claim Musk ordered …
Liberty Mutual’s Angle on $4.7M Refund Differs Slightly from Florida Regulators’
Liberty Mutual Insurance this week should complete $5.2 million in refunds, premium credits and interest payments to more than 46,000 auto insurance policyholders in Florida, the result of a market conduct examination done months after a use-and-file rate was approved, …
California Governor Wants to Curb a Labor Law That Cost Businesses $10B
For two decades, a California law has helped workers sue the world’s biggest companies. Drivers for Uber Technologies Inc. won a $20 million settlement, Google employees secured $27 million over complaints of free-speech violations, and Walmart Inc. agreed to pay …
First Arkansas Merges With Sunstar Insurance Group
Sunstar Insurance Group, LLC announced a merger with First Arkansas Insurance in Pine Bluff, elevating Sunstar’s statewide presence to now include 14 independent insurance locations and over 120 employees generating almost $19 million in combined revenue. First Arkansas will continue …
USDA to Enhance Crop Insurance for Michigan Blueberry Producers
The U.S. Department of Agriculture (USDA) is enhancing Federal crop insurance for blueberry producers in Michigan beginning in the 2025 crop year. This change will enable producers to receive different pricing and optional units for three seasonal types of blueberries …
Nebraska Funeral Home Discovers Hospice Patient Declared Dead Was Actually Alive
OMAHA, Neb. (AP) — A Nebraska funeral home discovered that a 74-year-old hospice patient who was declared dead by her nursing home two hours earlier was actually still alive, so workers started CPR and she was rushed to a hospital, …
Artemis Risk Solutions Launches Insurance Brokerage, Names Executive Team
Artemis Risk Solutions, a recently formed insurance brokerage specializing in employee benefit solutions, property & casualty, and personal lines formally has announced its launch. Co-founded by industry veterans Clint Anderson, Chief Revenue Officer, and David Lamb, President, P&C, Artemis is …
Mississippi River Flooding is Pushing People Out of Their Homes, Data Shows
WEST ALTON, Mo. (AP) — Commerce along the Mississippi River has evolved over the past century at the expense of many once-thriving river towns. But persistent and sometimes devastating flooding has added to the woes of some of those towns. …
US Inflation Report Offers a Break for Price-Weary Consumers
US consumers, unaccustomed to falling prices for the past several years, were able to breathe a little bit easier last month as many necessities — from groceries to gasoline to car insurance — became cheaper. Even many discretionary goods and …
HHS Says UnitedHealth Can Notify Patients of Data Breach
U.S. healthcare providers can ask UnitedHealth Group to notify people whose data was exposed during a hack on the company’s Change Healthcare unit in February, according to an update on the health department’s website. The news comes as a relief …
Former Florida Fire Captain Charged with Padding Living Expenses on Citizens Claim
A retired south Florida fire captain has been arrested for insurance fraud, charged with vastly overstating the number of nights he was forced to stay in a resort hotel while his home was under repair. Florida’s chief financial officer said …