California's FAIR Plan faces a lawsuit over imposing $1 billion in emergency fees on homeowners. Consumer advocates challenge the authority of these charges aimed at stabilizing the insurance market amid escalating wildfire risks.
The lawsuit by Consumer Watchdog against the California Department of Insurance could deepen the state's insurance crisis by challenging cost recovery efforts by insurers under the FAIR Plan.
Bipartisan members of the U.S. House introduce legislation to prevent the expiration of the National Flood Insurance Program, aiming to stabilize flood insurance coverage until 2026.
Devin Beresheim takes on the role of U.S. risk solutions leader at Lockton Cos., overseeing property and casualty along with professional and executive risk practices, enhancing the company's market position.
Transatlantic Underwriters (TAU) expands its offerings with a new Property and Casualty division, led by Bernadette Flores. Discover how this move positions TAU to capture new markets in the changing U.S. insurance landscape.
MSP Recovery reports fiscal year and Q4 2024 results marked by a 136% increase in revenue to $18.2 million but overshadowed by a $1.556 billion net loss and significant legal challenges. Discover key developments in financial restructuring and legal disputes.
Amwins introduces a new Excess Casualty Sidecar Program offering robust coverage across various industries in the U.S., enhancing flexibility and protection for clients in a dynamic market.
NSM Insurance Group has divested its U.S. commercial insurance division to New Mountain Capital, marking a pivotal shift to focus on specialty insurance lines and strategic acquisitions.
Travelers Cos. Inc. reports strong fiscal Q1 results with underwriting gains and increased investment income offsetting high catastrophe losses from California wildfires. Learn more about their financial performance and strategic decisions.
A Novant Health medical helicopter crash in February was caused by the pilot's night vision goggles falling off. The NTSB report reveals critical details about the safety incident.
