California’s AB 218 works similarly, and it’s already created a real-world test case. Los Angeles County faced thousands of claims involving foster care, juvenile custody and education, a wave that pushed the county toward a billion-dollar settlement. The county funded that settlement through the issuance of bonds rather than insurance payments – a structure typically…
The controversy turns on a stream. Cincinnati relies on an endorsement of what it calls an “insurance and related operations” exclusion, which it says removes coverage for bodily injury “for which the insured may be held liable” that results from the “providing or failure to provide” certain professional services. As cited in the policy, those…
CRC Benefits appoints Alexis Craig as benefits sales executive CRC Benefits, a division of CRC Group, has added Alexis Craig (pictured, left) as a benefits sales executive. Based in Columbus, Ohio, Craig will support broker partners on ancillary benefits products including dental, vision, life, disability and workplace coverage. She has six years of insurance industry…
Marsh’s Q2 2026 Global Insurance Market Index showed global casualty rates increased 2% for the quarter, the only major product line to move in that direction, while property, financial and professional lines and cyber all continued to decline. Zoom out from the US, however, and the picture completely flips: Marsh’s data shows that casualty rates…
100th year in business The company also marked its 100th year in business and its 50th year as a publicly traded company during the quarter. Marchionni tied that milestone directly to the underwriting discipline that the quarter’s results reflected: “During the second quarter, we celebrated our 100th year in business and 50th year as a…
NAIC is also testing an AI systems evaluation tool in 12 states. The pilot began in March 2026 and is being used through formal examinations, surveys, data calls or a combination of these methods. The tool is designed to help regulators assess how insurers control their AI systems and whether their controls are strong enough…
Strong first half results make the deal strong The acquisition was announced alongside MAPFRE’s first half 2026 results, which the insurer said gave it confidence to pursue the deal. MAPFRE reported a net profit of €624 million for the six months ended June 30, up 9.4% from a year earlier, while premiums stood at more…
The controversy turns on a stream. Cincinnati relies on an endorsement of what it calls an “insurance and related operations” exclusion, which it says removes coverage for bodily injury “for which the insured may be held liable” that results from the “providing or failure to provide” certain professional services. As cited in the policy, those…
The main thing is what happened after the claim came. Travelers says it submitted its defense to MESA on August 12, 2025, and MESA responded on September 15, 2025, in what appeared to be acceptance. Passengers argue that it was not complete. The complaint cites MESA’s letter, which says it waives “all of its rights…
For a small municipality, the risk is structurally worse than for a medium-sized private company. Municipalities in South Carolina generally obtain their property, liability and cyber coverage through the South Carolina Municipal Insurance and Risk Financing Fund, a member-funded pool that provides a base layer of just $100,000 in direct cyber coverage, with an optional…
