How education policy shifts are redrawing insurance priorities
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As federal oversight pulls back, school districts are taking insurance into their own hands
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GEICO sued over misrepresentation in accident forgiveness program
[ad_1] GEICO’s accident forgiveness program is marketed as a way to prevent rate increases following a policyholder’s first at-fault accident. The insurer states on its website: “Your insurance rate won’t go up as a result of your first otherwise surchargeable, at-fault accident.” However, the lawsuit argues that the company’s handling of premium adjustments contradicts its…
Wholesale insurance brokers and Managing General Agents gain ground as surplus lines market surges
[ad_1] This momentum has elevated standout firms such as Monarch E&S, Wholesure, and Gorst & Compass, each earning 5-Star status for their performance across 10 criteria including product range, tech innovation, and ability to place niche risks. Monarch E&S president Yiana Stavrakis emphasized the firm’s commitment to tailoring solutions for mid-market clients and exploring niche programs—most notably, a custom personal…
Cyber risk a major threat for expanding digital healthcare market – CFC
[ad_1] From supporting operational efficiency to alleviating clinician workload, AI is becoming embedded in core healthcare functions. While private equity investment in digital health declined in 2023, CFC observed sustained interest in AI-powered technologies, which remain a key driver of sector transformation [ad_2] Source link
California’s wildfire insurance crisis deepens as FAIR Plan faces funding shortfall
[ad_1] The January wildfires destroyed or damaged thousands of homes and businesses across Los Angeles County, forcing evacuations and causing billions in losses. The Palisades Fire spread rapidly through hillside neighborhoods, while the Eaton Fire scorched dry terrain in Pasadena, fanned by strong winds. Officials estimate total damages at around $4 billion, with nearly half…
Truck Insurance Exchange wins new trial against Federal Insurance over $4.9 million Moldex defense s
[ad_1] The case centers on years of litigation stemming from over 30,000 lawsuits filed against Moldex by plaintiffs who alleged its respirators failed to protect them from inhaling hazardous dusts, including silica and asbestos. Initially, Moldex’s primary insurers covered its defense. After those policy limits were exhausted in 2003, Moldex turned to its umbrella and…
Can a lienholder dispute an insurer’s valuation of a totaled car?
[ad_1] In a decision issued on March 14, 2025, the Arizona Court of Appeals reversed a lower court’s ruling in favor of Date Street Capital, LLC, a lienholder and loss payee on the policy. The court held that Date Street, while entitled to receive insurance proceeds as specified in the policy, has no contractual right…