Jury Awards $80M in Wrongful Death Case Involving Unlicensed Driver
Texas jury awards $80 million in wrongful death lawsuit after unlicensed driver causes fatal crash, highlighting legal and insurance liabilities in youth driving incidents.
Texas jury awards $80 million in wrongful death lawsuit after unlicensed driver causes fatal crash, highlighting legal and insurance liabilities in youth driving incidents.
Louisiana Senate advances SB-28 to offer up to $10,000 tax credits for fortified roofs, aiming to reduce home insurance losses and stabilize rising premiums.
Texas is set to ban hemp-derived THC consumables like gummies and edibles, excluding non-intoxicating CBD and CBG products, amid market and regulatory concerns. The move impacts an $8 billion industry, reflecting ongoing challenges in hemp product oversight.
United Fire Group completes 2025 shareholder vote, electing three directors to its board for the 2025-2028 term, ensuring strong governance in the property and casualty insurance market.
Hartford Insurance Group (NYSE:HIG) declared a $0.52 quarterly dividend, reflecting steady performance with a 1.58% yield and diversified insurance operations across Commercial and Personal Lines.
An EF-2 tornado in Plevna, Kansas, highlights significant insurance coverage gaps among homeowners and city buildings, posing challenges for disaster recovery and risk management in rural areas.
Washington Insurance Commissioner has fined insurers over $510,000 for licensing violations including unlicensed health plans and unauthorized pet insurance sales, underscoring regulatory enforcement and compliance in the state's insurance market.
State Farm and American Family Insurance face thousands of claims from May tornadoes across Midwest states. State Farm authorized a 17% California homeowner premium increase amid rising claims from severe weather.
Sapiens International Corporation has been selected by a leading state-run auto insurance organization to modernize claims operations with its ClaimsPro SaaS solution, signaling growth in AI-driven insurance automation and digital transformation.
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.