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The latest insurance industry personnel news from Coterie Insurance, Newfront, Earnix and more.

"JIFs protect members against liability through 'self-insurance.' 'Self-insurance' is not insurance," New Jersey Supreme Court Justice Douglas Fasciale wrote.

"The majority's failure to recognize this ambiguity will result in a financial burden on insureds of limited economic means," Justice Jorge Labarga wrote.

Ten amicus curiae briefs have been filed to offer the court points of view on the significance of the issue.

Study: Businesses and people are suffering from rising costs, recent investment losses and lingering pandemic effects.

According to a recent report from Munich Re, around $120 billion of the natural disaster losses in 2022 were insured.

While home insurance typically excludes damage from floods and mudslides, Californians might be covered if wildfires were an 'efficient proximate cause.'

Climate-related disasters have become the top concern of today's risk managers.