Content from Chad Hemenway
American Family Insurance Confirms Staff Reductions
American Family has confirmed recent reports of layoffs, saying that it is "working to increase efficiency and manage costs" across its five insurance companies. The insurer did not provide specifics ...
Commercial Auto Insurers Face Bleak Profit Outlook
Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. "The liability component has been more ...
Reforms Needed for ‘Dark Money’ Third-Party Litigation Funding: APCIA
In support of recent efforts at the state and federal levels of government to curtail third-party litigation funding, the American Property Casualty Insurance Association has asked the House ...
Judge in $6B 3M Settlement Issues Order to Stop Litigation Funding
A federal judge has barred attorneys and claimants involved in 3M's $6 billion settlement with U.S. military service members from any third-party litigation funding agreements. District Judge M. ...
Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case
A federal judge in North Carolina has ruled against a Chubb subsidiary in its attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. ...
2023 to Test Recent Growth in Private Flood Insurance Market
The private flood insurance market has been growing, but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come ...
Tile, Amazon Face Lawsuit From Stalking Victims Over Tracking Device Product
A tracking device called Tile may be effective in preventing its user from losing keys, a dog or a purse, but it is also a tool used by stalkers, according to two women ...
InclusionScore CEO: Recent Events Highlight Need to Rein in Costly D&I Risk
At the end of June, James Felton Keith read the news of the U.S. Supreme Court's majority rulings regarding affirmative action in higher education and the application of ...
Kemper Exits Preferred Home and Auto Business
As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market.