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One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk
A new report from Verisk has found that property insurance claims volume during the third quarter 2025 was the lowest it has been in the past five years but claims severity during the period was one of the highest in …
POSTED DECEMBER 09, 2025 6:16 AM |
JD Power: Full Digital Claims Process Drives High Customer Satisfaction
Receiving adequate digital updates is one of the top drivers of customer satisfaction with the digital insurance claims process, but insurers deliver on this key performance indicator just 22% of the time. Customer satisfaction surges when the claims process is …
POSTED DECEMBER 09, 2025 6:05 AM |
Miami’s Housing Supply Shortage Hits Affordability, Codina Says
South Florida faces a growing affordability problem as housing demand outstrips supply, according to Ana-Marie Codina, whose family firm develops master-planned communities in the region. “We definitely need more supply,” Codina said in an interview at a Bloomberg New Voices …
POSTED DECEMBER 09, 2025 6:02 AM |
Verlan Files Subro Suit Against Georgia Chemical Plant After $20M Payout on Fire
About 5 a.m. on Sept. 29, 2024, an employee at the Bio-Lab chemical warehouse outside Atlanta heard a popping sound, a tell-tale sign that stored chemicals had come in contact with water and were reacting. Within 90 minutes, the huge …
POSTED DECEMBER 09, 2025 6:01 AM |
Excavator Bucket That Crushed Worker Leads to $170K Fine for Washington Contractor
A contractor was fined $170,000 for workplace violations that resulted in a 3,000-pound excavator bucket falling on an employee in southwest Washington. The Rotschy Inc. construction company was hit with $170,000 in fines from the Washington State Department of Labor …
POSTED DECEMBER 09, 2025 6:00 AM |
Magnitude-7.0 Earthquake Hit Remote Area Along Alaska-Canada Border
A powerful, magnitude-7.0 earthquake struck in a remote area near the border between Alaska and the Canadian territory of Yukon on Saturday. There was no tsunami warning, and officials said there were no immediate reports of damage or injury. The …
POSTED DECEMBER 08, 2025 9:18 PM |
Allianz, Oaktree Set Up Reinsurance Syndicate on Lloyd’s Market
Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector. The vehicle, named “Syndicate 1890,” will begin underwriting …
POSTED DECEMBER 08, 2025 7:12 PM |
Trump to Issue Order Creating National AI Rule
President Donald Trump said on Monday he would sign an executive order this week that he said would create a single national rule for artificial intelligence, which the industry has said is necessary to override disparate laws passed by U.S. …
POSTED DECEMBER 08, 2025 5:29 PM |
People Moves: Westfield Appoints Scholz as Enterprise CIO; Mosaic Hires Warty to Lead FinPro Lines for Americas Expansion
Westfield Appoints Scholz as Enterprise CIO Westfield, a U.S.-based property and casualty insurance company headquartered in Westfield Center, Ohio, appointed Lloyd Scholz as enterprise chief information officer (CIO). Reporting directly to CEO and Board Chair Ed Largent, Scholz’s responsibilities include …
POSTED DECEMBER 08, 2025 5:25 PM |
Missouri Contractor Charged in Alleged Bathroom Remodeling Scam
Missouri Attorney General Catherine Hanaway announced that her office has filed felony charges against James G. Bennett, operating as Bath Planet, for allegedly defrauding consumers by accepting payments for bathroom remodeling services he never completed. Bennett faces 10 counts of …
POSTED DECEMBER 08, 2025 5:04 PM |
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