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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
The case hinged on the innocent insured doctrine, which allows for recovery if a co-insured deliberately causes a loss.
The nationwide average cost for renters insurance is $180 annually, or about $15 per month.
There have been at least 20 crashes involving vehicles that had Autopilot issues addressed, according to the NHTSA.
More than 80,000 people have been displaced in southern Brazil following record-breaking floods.
The Lone Star State also faced massive wildfires earlier this year after record-breaking losses in 2023.
Nearly half of personal auto insurance policyholders are shopping around for lower rates and better coverages.
Migraine medications, which saw utilization increase 17%, also had one of the largest cost increases.
Consolidation in the health care industry is among the challenges facing the medical professional liability sector.
The biggest and smallest deals fail to garner the type of long-term success found in midsize, 'just right' transactions, ACORD reports.
The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.