Category: Insurance

In the first quarter of 2024, U.S. property/casualty insurers saw significant improvements in their financial performance compared to previous years. Despite rising direct loss ratios in commercial auto and other liability lines, the industry achieved its best net combined ratio (94) since 2007, signaling a return to underwriting profitability. This turnaround translated into an aggregate […]

Farmers Insurance is addressing concerns following an anonymous letter from in-house adjusters alleging severe understaffing and overworking issues. The letter, dated May 14 and sent to Farmers and insurance regulators in Tennessee, Alabama, and Georgia, claims that current working conditions contradict the company’s core values of customer focus, professionalism, and integrity. The Tennessee Department of […]

A recent PwC survey reveals that 28% of over 56,000 workers globally expect to change employers within the next 12 months, a higher rate than during the “Great Resignation” period of 2022. This compares to 19% in 2022 and 26% in 2023. PwC’s 2024 “Hopes and Fears” survey highlights a trend where workers are increasingly […]

The U.S. Supreme Court, in a 6-3 decision, has overturned the decades-old Chevron v. Natural Resources Defense Council ruling, a key doctrine that allowed federal regulators to interpret unclear laws. This landmark decision will significantly limit the power of environmental, consumer, and financial watchdog agencies. The case stemmed from a dispute over a fishing-industry regulation. […]

Three Miami residents, including two licensed insurance agents, have been charged with running an unauthorized insurance agent licensing school and taking exams on behalf of applicants. This scheme has led to the suspension of at least five agents’ licenses. The accused are Rainer Miguel Salas, his son Rainer Alexander Salas, and receptionist Karla Lit Peralta […]