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Social inflation, rising settlement costs and nuclear verdicts have fundamentally reshaped insurance claims.
The U.S. comprised 78% of global insured losses in 2024.
This week's update includes insurance industry news from Enact Holdings, Hilb Group, Trucordia and more.
Plan administrators say the program will make sure claims are paid, but they're not entirely sure how yet.
Wire fraud claims are becoming more common, with data pointing to a doubling of claims year over year.
Triple-I: ‘Make sure your coverage is sufficient for your move and understand your options.’
With wildfires, a large portion of a carrier's insured properties are exposed to catastrophic losses all at once.
Resolute Psychiatry: ‘Prioritizing mental health in the workplace is a moral imperative.’
Liberty Mutual and Great American argued the claim is invalid because there is “no loss to begin with.”
The insurance carrier committed $1 million to local relief and recovery organizations.