Tag: Liability Insurance

U.S. Commercial Auto Insurance Posts 14th Year of Underwriting Losses

U.S. Commercial Auto Insurance Posts 14th Year of Underwriting Losses

Commercial auto insurance in the U.S. continues to face underwriting losses for the 14th year, driven by rising claims costs and under-reserving, according to AM Best.

Global Commercial Insurance Market to Reach $1.89B by 2030, Driven by Regulatory and Tech Adoption

Global Commercial Insurance Market to Reach $1.89B by 2030, Driven by Regulatory and Tech Adoption

The global commercial insurance market is set to expand at a 7.9% CAGR, reaching $1.89 billion by 2030, driven by regulatory reforms, insurtech adoption, and rising risk exposures in North America, Asia-Pacific, and other regions.

New York's Veto on Breed-Specific Insurance: Implications for Renters

New York Governor Kathy Hochul vetoed a bill on breed-specific insurance policies for renters. Explore its impact on the insurance industry and coverage options.

US Commercial Insurance Market Stable in 2025 Amid Economic Uncertainties

Lockton's 2025 Market Update reports a stable US commercial insurance market, highlighting underwriting strength, economic influences, and strategic renewal insights for 2026.

The Hartford Analysis Highlights Key Small-Business Insurance Claim Trends and Costs

The Hartford study reveals rising water and fire insurance claims costs for U.S. small businesses, emphasizing proactive risk management and technology solutions to mitigate property and liability losses.

The Hartford Reports Trends in Small-Business Insurance Claims and Risk Mitigation

Explore The Hartford's analysis of small-business insurance claims from 2020-2024, highlighting rising costs of fire damage and water-related claims, with insights on risk mitigation strategies and claims management.

White and Williams LLP Appoints New Co-Chairs for Insurance Coverage Practice

White and Williams LLP names Adam M. Berardi and Daniel E. Bryer as co-chairs of its Insurance Coverage and Bad Faith Practice, highlighting their expertise in complex insurance litigation and coverage disputes affecting U.S. insurers.

Study Finds Surging Liability Insurance Deficits Driven by Rising Claims Costs

Triple-I and CAS study reveals liability insurance deficits between $231.6B and $281.2B over 2015-2024 due to rising claims costs and legal system factors, exceeding standard inflation.

Ontario Court Caps Vehicular Accident Insurance Payout at $2.3M Aggregate

Ontario Superior Court rules $2.3 million aggregate insurance coverage limit in vehicular accident case involving 25 claimants, clarifying excess liability and family protection endorsements.

Texas Supreme Court Defines Procedures for UM/UIM Bad Faith Litigation

The Texas Supreme Court clarifies litigation and discovery procedures for bad faith claims involving uninsured and underinsured motorist coverage, establishing a stepwise process to manage costs and streamline UM/UIM insurance disputes.