Business is war.
A New Mexico resident sued State Farm Fire and Casualty Insurance Company in federal court after the insurer denied full payment for water damage from a burst pipe on Jan. 24, 2025. Koteiba Azzam claimed the company used a management system called Fire ACE to reduce claim settlements and discourage legal challenges through aggressive litigation….
USAA Casualty Insurance Company faces a federal lawsuit accusing the Texas insurer of underpaying a water damage claim at a Los Angeles condominium. Robert Spector, Kandis Spector, and Samantha Spector filed the complaint in the United States District Court for the Central District of California after a leak damaged their property on May 30, 2025….
Home insurance claim costs rose 9 percent between 2023 and 2024 to reach the highest level in seven years, according to LexisNexis Risk Solutions. The United States recorded 27 climate disasters that each caused $1 billion or more in damage last year, which exceeded the long-term average by 21 percent. Wind damage claims increased 23.5…
USAA delivered more than $300 million in financial assistance to over 90,000 military and federal workers affected by the government shutdown that entered its third week. The association serves more than 14 million members and extended its support program through the next pay period with loans, payment flexibility and financial counseling. The company provided approximately…
Insurance companies that conduct thorough premium audits for workers’ compensation and general liability policies recovered up to 18 percent in additional revenue over the past 18 months, according to Pro Global. The firm found that carriers lose money when businesses underreport payroll figures, misclassify workers, or fail to meet state rating requirements. Robert Sherman leads…
Michigan’s Court of Appeals ruled on Oct. 22 that Farmers Insurance Exchange can recover over $1 million from Hudson Insurance Company in a personal protection insurance dispute. The decision establishes that insurers assigned claims through the Michigan Automobile Insurance Placement Facility possess independent reimbursement rights separate from injured parties’ recovery options. The case stems from…
Artificial intelligence systems are replacing administrative workers across American insurance companies as automation targets white-collar positions. Research from Evercore ISI and Visionary Future examined 160 million jobs and found desk-based professionals face substantial workplace changes. Nearly 80 percent of employees have at least 10 percent of their tasks exposed to large language models. Insurance positions…
CRC Group hired three specialists for its division handling complex insurance cases. Ryan Degale returned to Orlando as a broker to manage coastal property risks. Jim Phillipp became senior underwriting team leader in Chicago after working more than 10 years in casualty insurance. Will Valentine joined the Philadelphia office to serve healthcare and life sciences…
Freberg Environmental Insurance LLC introduced an unsupported excess liability program for environmental risks across all 50 states. The Ryan Specialty subsidiary provides coverage up to $10 million above existing Freberg policies or other carriers’ primary environmental protection. The product covers general liability, contractors’ pollution liability, professional liability, environmental impairment liability, and products pollution liability. Target…
Old Republic International Corporation earned $279.5 million in the third quarter, down from $338.9 million one year earlier. The insurance company acquired Everett Cash Mutual Insurance Co. and its affiliates after ECM converted to a stock company structure. Operating income rose to $196.7 million from $182.7 million. The firm reported consolidated net premiums of $2.1…
