Category Archives for News

Appeals Court Dismisses 14 COVID Business Insurance Claims Against Travelers

The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The federal appeals court affirmed…

California Insurers’ Inability to Price Risk Is Causing Headaches

California regulations restrict insurers from using sophisticated computer models to consider the rapidly growing wildfire risks from climate change — and that limitation is a factor pushing US insurers out of the state. State Farm…

Increased Auto Insurance Premiums Likely as Lines Face Pricing Pressures Head On

Insurance claims inflation has risen faster than the underlying consumer price index (CPI), outpacing auto insurance premium increases, according to a new study, Auto Insurance: The Uncertain Road Ahead, by the American Property Casualty Insurance Association…