Pennsylvania National, Zurich American in CGL dispute over defective workmanship

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[ad_1] States such as Hawaii, Iowa, and Minnesota will see a 15% rise in premiums, while Florida, which already holds the title of the most expensive state for home insurance, will see an additional 9% increase, pushing the average premium to $15,460 by the end of 2025, according to the report. [ad_2] Source link

[ad_1] Kevin Martin, executive director of the Illinois Insurance Association (IIA), said the office has previously introduced legislation aimed at banning the use of underwriting factors like credit scores and age, calling into question the agency’s objectivity. “Putting the wolf in charge of the hen house,” Martin said, referencing the potential conflict of interest. [ad_2]…

[ad_1] The senator argued that a moratorium would bring all stakeholders to the table to develop a model for addressing LTC insurance issues, which extend beyond Connecticut. The industry has faced significant challenges due to underwriting miscalculations in the 1990s and 2000s, rising medical costs, an aging population, and longer lifespans, according to state and…

[ad_1] Poll reveals rising backlash against American workplace influence as Europeans call for stronger labour protections [ad_2] Source link

[ad_1] The House has also advanced several bills focused on tort reform. House Bill 434, which has been sent to the governor, would increase the threshold at which uninsured drivers can recover bodily injury medical expenses, raising the limit from $15,000 to $100,000. Another measure, House Bill 450, would require plaintiffs to demonstrate that injuries…