News
Commercial insurance renewal hikes slow in February: Ivans
6+ hour, 51+ min ago (140+ words) Commercial insurance renewal rates for most lines of business showed smaller increases in February than January, according to Ivans, data analytics unit of Applied Systems. Commercial auto lines showed a 5.18% increase in February, down from a 5.62% increase in January. Business…...
State fund must cover longtime injured worker whose company was insolvent
1+ mon, 3+ day ago (250+ words) In a Jan. 30 decision that reinforces reimbursement rights for reinsurers and insurers involved in long-tail workers compensation claims when employers later become insolvent, the court reversed a Department of Industrial Accidents reviewing board ruling that had denied Employer's Reinsurance Corporation's…...
‘Non-peak perils’ drive 2025 insured cat losses: Howden
1+ mon, 3+ week ago (270+ words) Insured catastrophe losses for 2025 were driven by a series of "non-peak" perils such as wildfire and severe convective storm, according to a report Tuesday from Howden. In the U.S., a relatively benign hurricane season with below-average severe storm losses stood in…...
California public self-insured comp claims fell last year
1+ mon, 3+ week ago (277+ words) The number and frequency of workers compensation claims reported by California's public self-insured employers declined for a third consecutive year, even as total paid and incurred losses rose to record levels, according to a review of data released Monday by…...
Boise, did Idaho ever get a surprise
1+ mon, 4+ week ago (237+ words) Residents of Camas Prairie, Idaho, briefly learned they had new neighbors over the weekend " places called "Orangeotild" and "Whata Bod" " after the National Weather Service posted a wind forecast map featuring towns that do not, in fact, exist, according to…...
6. January wildfires prompted concerns over cat losses
2+ mon, 1+ week ago (232+ words) Insurers have paid out more than $100 billion in catastrophe claims each of the past five years, and a string of California wildfires in January had some in the industry worried that 2025 could be even worse. During a February earnings call,…...