‘Maliciousness at scale’: The ‘cat and mouse’ chase of AI in cybercrime
52% of companies in the US reported loss of sensitive information thanks to cyber crime in 2024
Read More
Progressive must honor hospital lien in Georgia minor injury settlement, court rules
That might sound logical – but not under Georgia law. The court pointed to the state’s hospital lien statute, which clearly states that a hospital’s lien applies to the patient’s cause of action (in this case, Giles’s personal injury claim), not to the patient themselves. In other words, it’s about the money recovered from the…
Read More
Automobile insurance has held the top spot in the US property and casualty market for over a decade
For insurers, this breakdown provides more than just a snapshot of market composition; it’s a call to sharpen strategic focus. With liability lines anchoring the market, competition on pricing, underwriting discipline, and claims efficiency will remain fierce. At the same time, emerging risks – such as advanced driver-assistance systems, autonomous vehicles, and evolving fraud schemes…
Read More
Cigna reports $1.3 billion quarterly profit and lifts 2025 forecast
The increase, the company said, was mainly due to “expected higher stop loss medical costs” and the lingering impact of Medicare Advantage operations that Cigna has since divested. The sale of its Medicare businesses to Health Care Service Corporation (HCSC), parent of several Blue Cross and Blue Shield plans, closed in late March. That transaction…
Read More
Climate events and litigation costs drive insurance rate increases – report
Wildfires reverse rate moderation After signs of stabilization in 2024, the commercial property market experienced renewed pressure following major wildfire events. In January, the Palisades and Eaton Fires in Los Angeles County destroyed more than 16,000 structures, quickly depleting reinsurers’ catastrophe budgets for the year. Though 2024 reinsurance renewals were broadly favorable, the early surge…
Read More
APCIA eyes legal reform to cut insurance costs
Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, Robert Gordon, senior vice president of policy, research, and international at the American Property Casualty Insurance Association (APCIA), outlined how legal system abuse and excessive litigation have added financial pressure to the insurance sector.
Read More
AIG delivers Q1 results above expectations
Growth most notable in the global commercial segment
Read More
Neptune Flood exceeds $300 million in premiums
The figures mark a significant increase for the private flood insurance sector, which has grown in recent years amid concerns over the sustainability of the federal National Flood Insurance Program (NFIP), the company highlighted. In a statement, CEO Trevor Burgess said the milestone demonstrates a growing demand for private flood coverage. “Reaching $300 million in…
Read More
New York court rules Colony Insurance must defend Sandy Clarkson in construction injury lawsuit
In a closely watched insurance dispute, a New York appellate court ruled on April 29, 2025, that Colony Insurance Company must defend and cover Sandy Clarkson LLC, a property owner, in a personal injury lawsuit stemming from a construction site accident – even though Sandy Clarkson had no direct contract with the subcontractor insured by…
Read More
Indiana court rules in favor of State Farm in uninsured motorist case
The ruling, issued April 28, 2025, by the Indiana Court of Appeals, stems from a 2018 car accident in Bartholomew County. Lee Naylor, the injured party, was insured by Shelter under a policy that included underinsured motorist (UIM) coverage with a $100,000 per-person limit. The other driver, Mary Siener, was covered by State Farm, which…
Read More