Recent legislative efforts spearheaded by Chairman Tim Scott (R-S.C.) aim to reinforce the authority of state regulators in overseeing the insurance industry, amid concerns over federal overreach. The initiative is embodied in the Business of Insurance Regulatory Reform Act, introduced in the U.S.
The intricate world of international contracts and insurance policies comes front and center as Travelers Property Casualty Company of America grapples with its potential obligations to the Wellons Group, Inc. A high-stakes $26 million lawsuit initiated by Tolko Industries in Canada has thrust this
The legal landscape surrounding underinsured motorist (UIM) benefits within commercial auto policies has seen increased scrutiny and complexity. This attention is largely driven by recent legal cases that illuminate the disparities between personal and commercial policy provisions, particularly in
In a significant legal development, Erie Insurance has emerged victorious in a landmark underinsured motorist (UIM) case revolving around the contentious "regular use" exclusion in Pennsylvania. This ruling, upheld by the state's Superior Court, sends a reverberating message about insurance policy
The appointment of Jordan Atkinson as the new president of NAU Country Insurance Company offers an exciting opportunity for growth and innovation within the crop insurance sector. As NAU Country continues to lead the market with more than a 28% market share, Atkinson's role promises to direct the
The Latin American (LatAm) insurtech sector's recent trajectory signifies a remarkable transformation after a significant downturn just last year. Bolstered by increasing investor confidence, the industry has witnessed an impressive surge in funding, particularly in Brazil, which continues to lead
