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2023 Underwriting Losses Improve but Persist in U.S. P/C Industry

The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report. Preliminary data from the global credit rating agency shows that the industry posted a $21.2 billion net underwriting … Source: Claims Journal

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New Zealand Joins US, UK in Accusing China of Malicious Hacking

New Zealand joined the US and UK in accusing China of sponsoring malicious cyber activity targeting democratic institutions, saying its parliamentary network was breached in 2021. The Government Communications Security Bureau has established links between a People’s Republic of China … Source: Claims Journal

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Conagra Must Face Lawsuit Over Seafood Sustainability Claims

A federal judge on Monday said ConAgra Brands must face a lawsuit claiming it misled U.S. consumers into believing that nine Mrs. Paul’s and Van de Kamp’s fish products were sustainably sourced. U.S. District Judge Virginia Kendall in Chicago rejected … Source: Claims Journal

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US Homebuyers Expecting $10,000 Savings Face Tough Reality

Consumers expecting big savings from a National Association of Realtors’ class-action settlement over agent commissions may instead be in for a letdown. The agreement drew cheers from President Joe Biden, who said it “could save homebuyers and home sellers as … Source: Claims Journal

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