News
Court upholds marital status as valid auto rating factor in California
4+ hour, 54+ min ago (447+ words) A divided California Court of Appeal upheld a state regulation permitting auto insurers to use marital status as an optional rating factor. The July 16 ruling in Ison v. Lara allows carriers to charge unmarried drivers higher premiums than married drivers with…...
Ohio Security says Accident Fund never answered two defense tenders
1+ day, 1+ hour ago (463+ words) Insurance Business Ohio Security says Accident Fund never answered two defense tenders A Brooklyn construction injury, a subcontractor's policy, and a tender OSIC says went unanswered Ohio Security says a rival insurer never answered two defense tenders in a Brooklyn…...
Ascot and insurers can deny fire claim without proving harm
1+ day, 1+ hour ago (279+ words) An Indiana appeals court says a missed sprinkler-notice deadline can sink a fire claim - and insurers need not prove it caused harm. On July 15, 2026, the Court of Appeals of Indiana answered a question coverage lawyers long debated: does a late-notice…...
InsuranceFest draws record turnout to Santa Monica Pier
1+ day, 1+ hour ago (484+ words) Senior leaders from across the insurance industry are gathering at the Santa Monica Pier today for InsuranceFest 2026. The event has once again pulled in a record crowd, with more than 1,750 registrations from over 1,000 companies spanning 35 states. Brokers, underwriters, risk managers…...
California earthquake models may be missing 60% supershear tail risk
1+ day, 8+ hour ago (775+ words) California earthquake insurers may be materially understating their most severe loss scenarios because catastrophe models do not capture "supershear" ruptures, according to new research from MS Amlin. The Lloyd's insurer found that adding supershear effects to representative insurance and reinsurance…...
RECO launches continuing education course on professional liability insurance
1+ day, 10+ hour ago (577+ words) Insurance Business RECO launches continuing education course on professional liability insurance New course arrives roughly a year after RECO's professional liability program paid out consumer deposit and commission protection claims tied to the iPro matter The Real Estate Council of…...
Toronto air quality among worst in the world as wildfire smoke blankets city
2+ day, 7+ hour ago (495+ words) Insurance Business Toronto air quality among worst in the world as wildfire smoke blankets city Environment Canada issues air quality warning as smoke from northwestern Ontario fires combines with a heat alert Toronto is under an air quality warning as…...
Delos data chief on cracking wildfire risk models others missed
2+ day, 4+ hour ago (490+ words) Insurance Business Delos data chief on cracking wildfire risk models others missed Andrew Notohamiprodjo explains how science-based modeling caught fires that history-based tools overlooked Wildfire risk modeling has long leaned on historical loss data to predict future fires, an approach…...
Fraser Canyon fires are a preview of what's coming, First Onsite's Platt says
2+ day, 6+ hour ago (432+ words) With fires spreading through B.C.'s Fraser Canyon and residents evacuating on short notice, restoration firms are treating the fast-moving start to the season as an indicator of what other Canadian communities could face, according to Andrew Platt, Regional Operations Manager…...
Chubb owes just $25,000 for mansion contents lost in fire
3+ day, 9+ min ago (289+ words) A 2019 lightning fire destroyed a sprawling Illinois mansion. Chubb paid $8.75 million for the house - and just $25,000 for everything inside. On July 13, 2026, a federal appeals court upheld that split, and the reasoning should resonate with any underwriter or claims professional who…...