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Excessive Litigation Causes Surge in Liability Insurance Costs: Marsh McLennan CEO

Insurance Journal

Excessive litigation and abuse of the U.S. economy and causing a surge in liability insurance costs, according to John Doyle, president and chief executive officer of Marsh McLennan. legal system are effectively imposing a tax on the U.S. “The U.S.

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Two More Insurers Enter Florida Market as Hurricane Season Warms Up

Insurance Journal

Two more property insurers have put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023. It’s another sign that legislative discouragement of claims litigation has made a difference …

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Triple-I: New Research Suggest Link Between Litigation Funding, Attorney Ads

Insurance Journal

The Insurance Information Institute (Triple-I) … According to research from the American Tort Reform Association (ATRA), legal service providers spent more than $2.5 billion on 26.9 million ads in 2024 alonewith significant increases in television, radio and outdoor advertising since 2017.

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Insurance Coverage for Alleged Violations of the Wage Transparency Statute

WA Bar News

As of early 2025, hundreds of class actions have been filed alleging failure to comply with RCW 49.58.110—what the Seattle Times recently referred to as a “cottage industry” 1 of litigation. But companies facing a pay transparency lawsuit may not have to fund the litigation themselves or pay a judgment or settlement out of their own pockets.

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Florida’s Evolving Bad-Faith Landscape: What Claims and Insurance Pros Need to Know

Insurance Journal

Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must approach …

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Hard Market, Valuable Research, Public Perception & Antitrust Litigation Pressure Higher Education World

Insurance Journal

higher education insurance market is as diverse as the academic degrees these institutions offer. But one recent challenge facing the sector is a downturn in public trust that may be contributing to the increased frequency and severity of …

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After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

Insurance Journal

After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 …