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Edison Denies LA Wildfire Involvement as Insurers Ask It to Preserve Evidence

Insurance Journal

Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton Fire that is still burning in Los Angeles, but said no fire agencies have pointed the utility’s connection to the …

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CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2

Insurance Journal

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

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Kansas’ Key Insurance Placed Into Liquidation

Insurance Journal

Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that …

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Will Georgia Gov. Kemp’s Move to Curb Lawsuits Keep Insurance Rates From Rising?

Insurance Journal

Brian Kemp on Thursday reiterated his simple pitch for lawsuit limits: They’ll halt rising insurance costs. Changes could reduce liability insurance costs for businesses and commercial property owners. The evidence is mixed … The reality, though, is more complicated.

Insurance 100
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House Committee Says It Finds Evidence of ‘Climate Cartel’

Insurance Journal

The House Judiciary Committee said it’s found “substantial evidence of collusion and anticompetitive behavior” by the financial industry to “impose radical ESG-goals” on US companies. An interim report published by the Republican-led committee said “a cartel” of financial firms and …

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Former Texas Police Chief Convicted of Insurance Fraud

Insurance Journal

According to court documents and evidence presented at trial, Filline, … A federal jury convicted former Castroville Police Chief, Christopher Filline, for one count of conspiracy to commit wire fraud, the U.S. Attorney’s Office for the Western District of Texas announced.

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LA Municipal Utility Says No Evidence Energized Power Line Caused Fire

Insurance Journal

A Los Angeles Department of Water and Power (LADWP) above-ground power line near the Pacific Palisades was energized when the Palisades Fire began early this year, but that there is no evidence that the line contributed to the blaze, the …