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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
In total, the company will not be renewing some 72,000 commercial and personal property policies in the state.
Chrysotile is the only known type of asbestos still being imported, processed and distributed in the U.S.
Wages have continued growing, in turn boosting payrolls and premiums for most industries.
While the number of events was up, the total number of units recalled saw a 50% decrease compared with 2022, Sedgwick reports.
The California FAIR Plan faces $311 billion in potential losses, up from $50 billion six years ago.
The 'policy' covers 57 ketchup-related perils, which nearly half of consumers report facing.
The average American consumes 4.2 drinks on St. Patrick's Day, according to Alcohol.org
More than 90% of surveyed professional liability carriers intend to raise rates for architects and engineers, Ames & Gough reports.
Affirmations accounted the majority of rating actions taken by AM Best in 2023.
Among the 14 driving systems with partial automation that were tested, only one earned an acceptable rating from IIHS.