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Severity Was Up, But Will Falling Claims Volume Impact the Profession?
The average claim severity during the third quarter 2025 could turn out to be one of the highest quarterly amounts in recent history, however the quarter will produce the lowest claim volume in five years—continuing a trend of decreased catastrophe …
POSTED DECEMBER 31, 2025 7:20 AM |
AI, Litigation Funding and Market Currents: What CM Readers Cared About in 2025
As 2025 unfolded, Carrier Management readers gravitated toward features that explored the intersection of technology, economics, and strategy. From artificial intelligence transforming underwriting to litigation funding reshaping claims costs, and regulatory shifts redefining market dynamics, here are the 10 most-viewed …
POSTED DECEMBER 31, 2025 6:34 AM |
Fight Over Trump’s $100,000 H-1B Visa Fee Moves to Appeals Court
The US Chamber of Commerce is appealing a federal court’s refusal to block the Trump administration’s $100,000 fee on applications for H-1B visas that are heavily relied on by American technology companies for hiring skilled foreign workers. The national business …
POSTED DECEMBER 31, 2025 6:24 AM |
[Video] Wildfires, Lawsuits, AI, and M&A: A Look Back at Insurance in 2025
Insurance Journal recaps the biggest stories of 2025—across all of our regions—from record-breaking wildfires and climate losses to broker mega-deals, litigation reform, cyber threats, AI-driven layoffs, and signs of recovery in key insurance markets heading into 2026. Watch this end-of-year …
POSTED DECEMBER 31, 2025 6:23 AM |
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year
Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging …
POSTED DECEMBER 31, 2025 6:02 AM |
Alabama DOI Expands Policy Cancellation, Nonrenewal Prohibitions
Property insurers in Alabama will no longer be able to cancel or non-renew policies because of natural disasters or because of losses that don’t affect that line of business, the Alabama Department of Insurance announced in a recent bulletin. Personal …
POSTED DECEMBER 31, 2025 6:02 AM |
Report: California Comp Combined Ratio for 2024 Highest in 20-Plus Years
After three consecutive accident years with relatively stable loss ratios, the projected loss and allocated loss adjustment expense ratio for accident year 2024 rose by 9 points and the combined ratio for accident year 2024 rose by 12 points—the highest …
POSTED DECEMBER 31, 2025 6:00 AM |
Hawaii Hopes New Laws Will Quiet Illegal Fireworks After Deadly New Year’s Eve Blast
Mike Lambert heard fewer illegal fireworks exploding in his suburban Honolulu neighborhood in the months after a chain of blasts at a house party last New Year’s Eve led to the deaths of six people, including a 3-year-old boy. As …
POSTED DECEMBER 31, 2025 6:00 AM |
Virginia Offshore Wind Developer Sues Over Trump Order Halting Projects
NORFOLK, Va—The developers of a Virginia offshore wind project are asking a federal judge to block a Trump administration order that halted construction of their project, along with four others, over national security concerns. Dominion Energy Virginia said in its …
POSTED DECEMBER 31, 2025 6:00 AM |
People Moves: Erie Insurance Names Morrison and Ackerman in Virginia
Erie Insurance (ERIE), headquartered in Erie, Pennsylvania, named Todd Morrison and Chad Ackerman as branch managers for the company’s Roanoke and Richmond, Virginia, branches. Morrison, Roanoke branch manager, has 15 years of ERIE experience, most recently serving as senior district …
POSTED DECEMBER 31, 2025 6:00 AM |
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