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Florida Approves More Auto Insurance Rate Cuts for 2026 - ProgramBusiness | Where insurance industry clicks
7+ hour, 8+ min ago (453+ words) Florida Insurance Commissioner Mike Yaworsky has approved additional auto insurance rate cuts heading into 2026. USAA filed an average 7% decrease in auto insurance rates, which will take effect by May 2026. The reduction is expected to generate more than $125 million in estimated…...
Liability Claims Surge as Non-Economic Inflation Drives Nuclear Verdicts, Swiss Re Warns - ProgramBusiness | Where insurance industry clicks
2+ week, 6+ day ago (180+ words) Analysis from Swiss Re Institute shows that non-economic inflation now accounts for roughly 60% of U.S. liability claims growth. Unlike traditional drivers such as wage or price inflation, this increase stems from legal system dynamics. As a result, historical loss patterns no…...