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How the reinsurance market shapes P&C insurance rates for real estate investors
[ad_1] However, reinsurance can also be a driving force behind premium increases and market restrictions. When reinsurers experience heavy losses from natural disasters, economic downturns, or global events, they adjust their rates and underwriting requirements to compensate. These increased costs trickle down to primary insurers, who, in turn, raise their rates to offset the higher…
University loses appeal over wage-loss benefits in spinal injury case
[ad_1] A state medical employer argued its injured nurse could still work – but the court didn’t buy it. Here’s what it means for workers’ comp carriers and claims teams [ad_2] Source link
Court dismisses negligence lawsuit against State Farm over fatal USPS truck crash
[ad_1] The case, brought by Christian and Abigail Godinez, sought to hold State Farm accountable for the June 13, 2022, crash, arguing that the insurer’s failure to report the nonrenewal of a truck insurance policy had set off a chain of events that led to the collision. The court, however, found that the plaintiffs’ theory of liability was too speculative and dismissed the…
Why tariffs are a hidden threat to workers’ comp programs
[ad_1] US businesses face costlier workplace injuries on top of labor shortages [ad_2] Source link
Incoming Arbella CEO stresses commitment to independent agents
[ad_1] Insurer also investing in technology and data science [ad_2] Source link
Insurance Information Institute launches campaign in Louisiana on legal system abuse
[ad_1] According to a report from Triple-I, Louisiana ranks among the least affordable states for both home and auto insurance, despite reforms introduced in 2024. “Louisiana, with the leadership of its insurance commissioner, Tim Temple, is on a potential path to stabilizing its insurance market,” said Triple-I CEO Sean Kevelighan. “We’ve seen in other states,…