A tight market is driving demand for bulk capacity The launch comes against a challenging backdrop for commercial transport insurance. According to RPS’s 2025 Transportation Market Outlook, the cost of insuring physical damage increased 18% in 2025 compared to 2024, while umbrella liability increased 12%, auto liability increased between 7.5% and 20% due to a…
For teams making claims, the alleged playbook is the story. GEICO says the pharmacy has focused on a few expensive topical pain products – diclofenac sodium 2% solution, diclofenac sodium gel 3%, and lidocaine 5% ointment – and oral Vimovo products. The filing lists typical charges per prescription of $2,686.88, $2,358, and $2,217.84, respectively. According…
Pricing at a glance AI Platform Cost · June 2026 · USD per user/month Pricing Comparison: Main AI Platforms Membership level only. Enterprise pricing for all platforms was negotiated separately. free level standard paid power user Be hidden/be careful chatgpt OpenAI · GPT-5.5 Free $20 plus $200 Pro Teams $25/seat cloud Anthropic Opus 4.8 Free…
The “doomsday scenario” for the future of Chicago’s transit system is coming sharply into focus: A $770 million budget deficit threatens to cost thousands of jobs, widespread service cuts and leave a hole in the local economy if a financial solution is not found by the spring. That’s the picture in a report released Friday…
During the 60-day period, insurance is free – no payment changes, and the risk of restrictions is arguably manageable. But after 60 days, if PGSA imposes fees as it has expressly reserved the right to do, a shipowner obtaining PGSA-approved insurance will make payment to an approved entity. This creates a direct conflict between the…
According to LIMRA’s US Individual Annuity Sales Survey, US annuity sales totaled $107.4 billion in the first quarter of 2026, up 1% from a year earlier and the latest in a sustained run of quarterly sales exceeding $100 billion. The figures are based on a record for 2025, when full-year annuity sales rose 7% to…
Dan Ciossi, executive vice president and director of Brown & Brown’s national real estate practice, said the arrangement works both ways. “As insurance costs continue to play a larger role in valuation and execution, commercial real estate investors want more clarity in the transaction process,” Ciossi said. “Marcus & Millichap’s scale, long-standing investor relationships and…
Typical warning signs include contractors who claim insurer affiliation without verification, offer free inspections, request cash payment or immediate contract signatures, waive deductibles, or present contracts with blank spaces. Going door-to-door to contact people immediately after a storm is a warning sign in itself. On assignment of benefits, the NICB cautioned consumers to understand the…
The GILC review identifies flood, storm, wildfire and catastrophe risks as putting pressure on underwriting, pricing, reinsurance arrangements, product design and affordability of cover in many jurisdictions. In Australia, updated data from the Insurance Council of Australia shows that extreme weather losses are increasing, along with higher average claims costs and significant pressure on supply…
For insurers, the story sits in the application. Great American says it issued seven policies over approximately ten months, each of which named the defendant entity as the first insured, with a term ranging from 2025 to 2027. Then it indicates what the applicants have written. MPN-14 Limited Partnership stated on its application for Policy…
