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5 days ago | 
propertycasualty360.com | Elana Ashanti Jefferson
The insurance conversation that once focused on “nuclear verdicts,” or verdicts and settlements that surpasses $10 million and tend to be disproportionate to the litigated issue, has now evolved into one about “thermonuclear verdicts,” or lawsuit outcomes that surpass $100 million. The slideshow above illustrates the top states for thermonuclear verdicts in 2024, according to Marathon Strategies. Your access to unlimited PropertyCasualty360 content isn’t changing.
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1 week ago | 
benefitspro.com | Elana Ashanti Jefferson
Several pages of the proposed “One Big Beautiful Bill Act” are devoted to deconstructing clean-energy subsidies including tax credits for electric vehicles and energy-efficient home improvements. (Credit: Vitalii Vodolazskyi/Adobe Stock) Insurance industry trade groups responded this week to various aspects of President Donald Trump’s “Big Beautiful Bill,” the proposed tax code previously passed by the U.S. House and now under consideration by the Senate.
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1 week ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Several pages of the proposed “One Big Beautiful Bill Act” are devoted to deconstructing clean-energy subsidies including tax credits for electric vehicles and energy-efficient home improvements. (Credit: Vitalii Vodolazskyi/Adobe Stock) Insurance industry trade groups responded this week to various aspects of President Donald Trump’s “Big Beautiful Bill,” the proposed tax code previously passed by the U.S. House and now under consideration by the Senate.
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2 weeks ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Two out of three people in the U.S. take summer vacations, according to the Ipsos Consumer Tracker. About half of them turn to the open road while the other half seek out farther-flung destinations. The urge to “get away from it all” and “unplug” during the warm-weather season is so strong that travelers increasingly seek out international destinations during the summer. With that in mind, the travel website Rate Hawk picked its favorite destinations for summer 2025 travel.
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3 weeks ago | 
propertycasualty360.com | Elana Ashanti Jefferson
It’s no secret that the make and model of a vehicle factors into how much its insurance will cost. Auto insurers consider how often a particular vehicle is associated with insurance claims, its safety features, and how much its repairs cost, according to Progressive: “Certain makes and models are also known to cause more damage than other vehicles.
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3 weeks ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Where can you walk in the footsteps of 7 U.S. presidents, pay homage to football greats, bow to the gods of rock ‘n’ roll, and visit the birthplace of such all-American delicacies as hot dogs and chewing gum? It’s Ohio, “the Buckeye State,” a colorful American crossroads that’s also hot with renters in 2025. Three of the top cities for rental activity during the year’s first quarter are in Ohio, according to RentCafe.com, the rental-search website.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Small businesses employ nearly half of the American workforce and represent 43.5% of America’s GDP, according to the U.S. Chamber of Commerce. (Credit: supamotion/Adobe Stock) The Trump Administration’s hunt for government fraud and waste arrived at the doorstep of the Small Business Administration (SBA) recently when the agency announced plans to overhaul its Community Advantage Small Business Lending Company program, also known as the 7(a) loan program.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
State Farm noted an increase of more than $1 billion in hail claim payouts between 2021 and 2022. (Credit: soupstock/Adobe Stock) Severe weather continued across the central U.S. Monday as dangerous fire conditions developed at the heart of the chaos, the National Weather Service reported. “All severe weather hazards are expected, to include tornadoes (some potentially strong to intense), very large hail, and severe winds,” according to the agency’s Storm Prediction Center.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
The average price of a new car swelled to more than $48,000 this spring, Cox Automotive reports. Why are vehicle prices up? Tariff uncertainty, ongoing inflation and fancy technology are leading reasons for higher automobile prices in 2025. It follows that Ford recently informed dealerships of an upcoming $2,000 increase on three of its popular models, Reuters reports.
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1 month ago | 
propertycasualty360.com | Elana Ashanti Jefferson
Colorado State Rep. Brittany Titone (forefront) is a former volunteer firefighter who took an interest in property insurance and wildfire mitigation after witnessing the Marshall Fire’s devastation. (Sonora Photography image is published with permission from Colorado State Rep. Brianna Titone.) A bill passed through the Colorado State Senate recently that would require property insurers to publicly disclose wildfire risk models and scoring along with their impact on premium pricing.
