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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
Fewer than 40 vessels were total losses in 2022, a 36% drop from the year prior, AGCS reports.
The deputies will be charged with overseeing the implementation of recently enacted insurance legislation.
The class action suit alleges the insurer 'thumbed the scale' when setting the actual cash value of vehicles deemed a total loss.
State Farm is expected to maintain its leading market share in California even without writing new business, according to Fitch Ratings.
There were 55,166 motorcycle fatalities in the U.S. between 2011-2021, according to the NHTSA.
Around 80% of insurance carriers say they deal with identity-related fraud on a monthly basis.
Nearly 60% of insurance companies surveyed reported already leveraging generative AI.
Following closing, Re Solutions CEO Asaf Grinstein will become CEO of Guy Carpenter Israel.
The deal will make HDI International the third-largest player in the Latin American P&C market.
Growing construction costs, increasing catastrophe exposure and a difficult reinsurance market led to the decision, according to the company.