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Connecticut weighs LTC insurance rate freeze and reforms
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 federal…

Citizens Property Insurance potentially on the hook over water damage
The homeowners countered with their own expert – a licensed engineer – who had personally inspected the property and reviewed photographs, reports, and other records. The engineer acknowledged the possibility that the leak began unnoticed before July 2019, but crucially, he argued that there was no clear evidence of damage before October 2018, when the…

California court tosses Travelers’ arbitration order in Yankees workers’ comp case
A California appellate court has put the brakes on Travelers Indemnity Company’s attempt to shift a workers’ compensation coverage dispute into arbitration, sending the matter back for further review. The May 28, 2025, decision comes from the Fourth Appellate District and centers on a cumulative injury claim filed by George Zeber, a former New York…

Revealed – the key trends shaping the cyber insurance landscape today
What’s impacting the cyber threat environment in 2025? In today’s landscape, staying ahead means understanding the factors underpinning the cyber trends dominating cyber discussions – with AXA XL’s cyber lead for APAC and Europe, Carlos Rodriguez, highlighting several major themes. AI is the first of these, he said, as the sector is seeing different losses…

Product recalls may spike amid tariffs and lighter oversight
“Tariffs are impacting nearly every industry, including automotive, life sciences, consumer products like electronics, toys, appliances, and even food when it comes to ingredient sourcing,” Harvey said. “And when enforcement is lighter, the risk grows even more.” Source link