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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
The Lone Star State also faced massive wildfires earlier this year after record-breaking losses in 2023.
Nearly half of personal auto insurance policyholders are shopping around for lower rates and better coverages.
Migraine medications, which saw utilization increase 17%, also had one of the largest cost increases.
Consolidation in the health care industry is among the challenges facing the medical professional liability sector.
The biggest and smallest deals fail to garner the type of long-term success found in midsize, 'just right' transactions, ACORD reports.
The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.
The court determined that letters contesting liability must be delivered, not just mailed, within 28 days.
The rule, which goes into effect in 2029, is expected to save at least 360 lives and prevent at least 24,000 injuries annually.
Will the supply chain disruption drive up new and used vehicle costs as well as auto part prices?
Allstate is the first major insurer to hint at resuming business in the state.