Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Insurance Research Council: Home Insurance Spend Outpaces Household Income Growth

According to the Insurance Research Council (IRS), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeowners spent about 2% …

Wed May 15, 2024 08:54
US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency

Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far smaller percentage than most other property/casualty lines. However, the workers’ compensation line remains the most profitable segment, with a combined …

Wed May 15, 2024 08:54
The Surprising Force Stalling Climate Progress: California Restaurants

In the fight to ratchet down climate emissions and soothe the most dangerous effects of an overheating planet, one of the most withering setbacks in recent memory wasn’t delivered by the oil industry or coal excavators, but, rather, a group …

Wed May 15, 2024 08:54
High Court: E-Scooter Rider Hit by Car Not Eligible for No-Fault PIP Benefits

A man injured when he was hit by a car while he was operating a low speed Segway electric scooter is not entitled to personal injury protection (PIP) benefits under New Jersey’s no-fault auto insurance law, the state’s Supreme Court …

Wed May 15, 2024 08:54
Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer

A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers. The jury found that the …

Wed May 15, 2024 08:54
After Maui, Hawaii Lawmakers Budget Funds for Firefighting Equipment and a State Fire Marshal

Hawaii lawmakers appropriated funds for more firefighting equipment and a state fire marshal after the deadliest U.S. wildfire in more than a century ripped through the historic Maui town of Lahaina and exposed shortcomings in the state’s readiness for such …

Wed May 15, 2024 08:54

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