News
Commercial insurance prices fell in first quarter: CIAB
2+ hour, 40+ min ago (112+ words) Commercial insurance premiums fell 1. 2% on average in the first quarter, marking the first time prices have declined overall since 2017, according to the Council of Insurance Agents & Brokers" quarterly survey. Pricing varied significantly by line, with property insurance decreasing the most…...
Video: Comp Spotlight with Jeff Cole of Sentry Insurance
2+ week, 6+ day ago (19+ words) businessinsurance. com Video: Comp Spotlight with Jeff Cole of Sentry Insurance...
Jury limits insurer's liability in shooting case
1+ mon, 57+ min ago (434+ words) An insurer did not act in bad faith when it delayed settlement in a case involving a fatal shooting outside a Florida lodge, a federal jury has found. Richmond, Virginia-based Kinsale Insurance is only liable for a $50, 000 sublimit rather than…...
One letter, big trouble: elderly woman convicted over insurance typo
1+ mon, 3+ hour ago (245+ words) businessinsurance. com One letter, big trouble: elderly woman convicted over insurance typo An 86-year-old English woman found herself in a particularly maddening bit of bureaucracy after being convicted because of a one-letter mistake on her car insurance paperwork, according to…...
Florida court reinterprets comp tolling, revives claim filing window
1+ mon, 3+ week ago (325+ words) A Florida appellate court on Monday set aside a judge of compensation claims" dismissal of a worker"s benefits petition, holding that the state"s workers compensation statute of limitations is tolled " or suspended " when an injured employee receives benefits,…...
Car ownership cost estimates, reality are miles apart
3+ mon, 4+ day ago (108+ words) We're off by almost $4, 600. Not counting loan or lease payments, those of us with vehicles peg our annual cost at $2, 738, according to survey results disclosed Tuesday. It's $7, 303, per the survey, from consumer finance company Synchrony. For millennials and Gen Z…...
State fund must cover longtime injured worker whose company was insolvent
3+ mon, 2+ week ago (250+ words) In a Jan. 30 decision that reinforces reimbursement rights for reinsurers and insurers involved in long-tail workers compensation claims when employers later become insolvent, the court reversed a Department of Industrial Accidents reviewing board ruling that had denied Employer's Reinsurance Corporation's…...