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Safety, State Involvement Should Be Central to AV Regulation, Says Trades
Industry trade associations side with caution to ensure regulations promote safety as autonomous vehicles (AVs) share the road with traditional automobiles. The National Association of Mutual Insurance Companies and the American Property Casualty Association each submitted statements to the Senate …
POSTED FEBRUARY 05, 2026 6:37 AM |
What Analysts Are Saying About the 2026 P/C Insurance Market
Following in the footsteps of groundhog Punxsutawney Phil, analysts from Fitch Ratings and Morningstar weighed in with these P/C insurance market forecasts in the past week: “Fitch Ratings expects the U.S. property/casualty market to continue softening in 2026, with increased …
POSTED FEBRUARY 05, 2026 6:06 AM |
Viewpoint: Underwriting at an Inflection Point – The AI Advantage
The U.S. commercial insurance market is demonstrating clear signs of rate fatigue and an overall softening. Since 2017, the industry has experienced increased loss pressures from climate events, social inflation in legal judgments, and loss inflation from economic, political, and …
POSTED FEBRUARY 05, 2026 6:05 AM |
Florida Senate President Says No Major Insurance Changes This Year. Committee Advances 5 ‘Minor’ Ones
Three weeks into the 2026 Florida legislative session, with bill deadlines approaching, Florida Senate President Ben Albritton said Wednesday that he expects no major changes to Florida’s property insurance laws this year. The reason: Landmark legislation passed in 2022 and …
POSTED FEBRUARY 05, 2026 6:01 AM |
Immunity Upheld for State Officials Over COVID-Related Nursing Home Deaths
The Third Circuit Court of Appeals has dismissed a proposed class action against New Jersey government officials on behalf of families of nursing home residents who died early in the COVID-19 pandemic. Approximately 10,000 elderly residents of New Jersey nursing …
POSTED FEBRUARY 05, 2026 6:00 AM |
Trapped Tesla Driver’s 911 Call: ‘It’s on fire. Help please’
Samuel Tremblett pleaded with a 911 operator to be rescued from his burning Tesla Inc. Model Y SUV after a crash in October: “I can’t get out, please help me.” The transcript of the 20-year-old’s emergency call was included in …
POSTED FEBRUARY 05, 2026 6:00 AM |
People Moves: Capital Insurance Group Promotes Noel to Regional Field Executive
Capital Insurance Group promoted Kimberly Noel to regional field executive for their Northwest region, overseeing underwriting teams and line of business performance in Oregon and Washington. Noel has more than 20 years of underwriting and leadership experience, including more than …
POSTED FEBRUARY 05, 2026 6:00 AM |
Governor ‘Not Convinced’ California Wants to Take Over PG&E
California Gov. Gavin Newsom said he doesn’t see the state having the appetite to take over PG&E Corp., which has come under criticism recently for blackouts that hit San Francisco. “I’m not convinced” the state wants to get into the …
POSTED FEBRUARY 04, 2026 6:05 PM |
Business Moves: Arthur J. Gallagher Acquires Germany’s Reck & Co.; Howden Buys Polygon Insurance Brokers Ltd.; Clear Purchases Gauntlet and Shire Insurance Services
Arthur J. Gallagher Acquires Germany’s Reck & Co. Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance brokerage, announced its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired Bremen, Germany-based Reck & Co GmbH. Terms of the …
POSTED FEBRUARY 04, 2026 5:43 PM |
Ohio Couple Sentenced for Arson in $2M Insurance Fraud Scheme
An Ohio couple have been sentenced for devising a scheme to collect more than $2 million dollars in insurance money by conspiring to set insured houses on fire, the U.S. Attorney’s Office, Northern District of Ohio announced this week. Lonnie …
POSTED FEBRUARY 04, 2026 5:19 PM |
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