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    Latest Insights and Expert Tips on Insurance

    Explore our latest blog posts for expert insights, tips, and news about the insurance world. Stay informed and make confident decisions with the most up-to-date information on health, auto, home, and life insurance.

    Fortress Targets $1 Billion for Latest Litigation Finance Fund

    Fortress Investment Group is seeking to raise about $1 billion for its latest fund in litigation finance, a sector in…

    Exposed Utility Wires May Have Contributed To LA’s Eaton Fire, Law Firm Says

    A law firm representing victims of the Eaton Fire in Los Angeles has submitted photos with a legal filing on…

    Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development

    Selective Insurance Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year…

    Alphabet’s Waymo to Test Autonomous Driving Technology in New Cities

    Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving technology in over 10…

    How Competitive Is E&S Property? Exec Views Vary

    E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of…

    Generali to Pay Out Over €7 Billion in Dividends by 2027

    Assicurazioni Generali SpA plans to return more than €7 billion ($7.3 billion) in dividends and buy back at least €1.5…

    EU Says Drive to Simplify Will Not Weaken Climate Agenda

    The European Union’s drive to simplify rules will not weaken the bloc’s climate change goals, European Commission President Ursula von…

    People Moves: Lloyd’s Promotes Cliff to CFO, Succeeding Keese; Ryan Re Appoints BMS’ Ryan as EVP to Lead Strategic Business Development

    This edition of International People Moves details appointments at Lloyd’s and Ryan Re. A summary of these new hires follows…

    Theft and Violence in UK Retail Soar to Record Levels, Survey Shows

    Theft and violence against retail workers in Britain soared to record levels last year and are “out of control,” driven…

    UK Government Agencies Vulnerable to Cyberattacks, Watchdog Says

    British government departments have operated hundreds of outdated computer systems and failed to meet their own cybersecurity targets, increasing the…

    Flood-Prone New Zealand Says It Needs to Adapt to Climate Extremes

    New Zealand plans to introduce legislation before the end of the year that will create a framework to help communities…

    Lawsuit Accuses Amazon of Secretly Tracking Consumers Through Cellphones

    Amazon.com was sued on Wednesday by consumers who accused the retailing giant of secretly tracking their movements through their cellphones,…

    As Small Businesses Try to Recover from LA Fire Devastation, A Variety of Aid Exists

    The fires in California have been devastating for many small business owners and others who saw their homes, businesses or…

    Pimco Warns LA City Utility Faces Steep Liabilities After Fires

    The Los Angeles Department of Water and Power is facing the risk of significant financial liability for damages in the…

    Maryland Regulator Resolved $33 Million in Insurance Complaints in 2024

    The Maryland Insurance Administration reports that it recovered nearly $33.3 million in 2024 for Marylanders by helping resolve insurance-related issues…

    Claims Exec Who Defrauded Allied World Insurance Ordered to Prison, Pay $1.2M

    James Keating of Paoli, Pennsylvania, has been sentenced to 20 months of imprisonment, followed by three years of supervised release,…

    Commercial Lines Insurance: Understanding Coverage Essentials for Businesses

    This post is part of a series sponsored by Darkhorse Insurance. Securing the longevity and prosperity of your business involves…

    Is This Episode a Deepfake? – What’s Brewing Podcast (Episode 9)

    This post is part of a series sponsored by IAT Insurance Group. In this special episode of the What’s Brewing…

    Judge Extends Ban on Alliant Employees Soliciting Marsh Agency’s Customers

    A federal judge in Manhattan has extended an order blocking three Alliant Insurance Services employees from soliciting or contacting any…

    Oklahoma Issues Cease-And-Desist Against Unlicensed Auto Warranty Company

    The Oklahoma Insurance Department (OID) has issued a Cease-and-Desist Order against Select Auto Inc., doing business as Select Auto Protect,…

    East Palestine and Norfolk Southern Reach $22M Settlement for Train Derailment

    East Palestine and Norfolk Southern have announced a $22 million settlement resolving all of the village’s claims arising from the…

    Michigan Joins Multistate Enforcement Action Against Block, Inc.

    Michigan joined 47 state financial regulatory agencies in a coordinated enforcement action against Block, Inc., for violations of the Bank…

    Less Methane Leaked in West Texas, Report Says; Environmentalists Are Skeptical

    Less methane escaped into the atmosphere from certain oil and gas equipment and oil wells in 2023, according to a…

    People Moves: Patel Named Chair of Canopius Managing Agents, Succeeding Meader; Evolin Broking Taps Downing From Miller to Launch Construction Division

    This edition of International People Moves details appointments at the re/insurer Canopius Group and the broker Evolin. A summary of…

    US, UK Ships Return to Red Sea After Houthis Vow to Hold Fire

    British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks…

    Transport Secretary Orders Fuel-Economy Rule Rewrite

    Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent US fuel-economy rules, following through on one of…

    Tech Update: Aventum Invests $12 Million to Create Proprietary Tech Function

    Aventum, the London-based international re/insurance group, is investing $12 million over two years to create an inhouse proprietary tech function…

    MGM Resorts to Pay $45M to Settle Data Breach Lawsuit

    MGM Resorts International has agreed to a $45 million to resolve a class action lawsuit over its data breaches in…

    Worker Struck and Killed by Airplane Tug at Charlotte Airport

    Police and federal safety crews are investigating after an airport vehicle struck and killed a 66-year-old worker at Charlotte Douglas…

    Progressive Net Income More Than Doubles in 2024

    Progressive Corp. said it’s fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the…

    Worker Killed When House Under Construction Collapses in Massachusetts

    A worker died Tuesday after a house under construction in Massachusetts collapsed. According to local police, Mario Diaz Obando, 29,…

    Alabama DOI Gives Deputy Commissioners New Responsibilities in Efficiency Move

    Two deputy commissioners at the Alabama Department of Insurance will take on new roles in an effort to improve efficiency…

    Fire Destroys Air Busan Plane in South Korea, All 176 Evacuated

    A fire broke out on a plane operated by Air Busan Co. at a local airport in South Korea late…

    Chubb Posts Record P/C Underwriting Income for Q4 and 2024

    Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth quarter…

    Climate Change Will Lead to Higher Deaths in Europe, Study Shows

    As Europe gets hotter, more people are expected to die from extreme heat, outweighing the reduction in those killed by…

    People Moves: Ignite Specialty Names Patel US Head of IP Underwriting; QBE North America Hires Finnis as SVP of Distribution

    Ignite Specialty Risk Names Patel as US Head of Intellectual Property Underwriting Ignite Specialty Risk, headquartered in London, appointed Ankit…

    Growth of Pet Insurance Continues as Market Could Reach $4.5B

    Any pet owner who has been hit by sticker shock at the vet’s office understands why pet insurance is a…

    US Economic Losses From Natural Disasters Soared in 2024

    Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting…

    Mississippi House Bill Puts New Rules on PBMs, But May Do Little for Workers’ Comp

    A pharmacy benefits manager bill passed by the Mississippi House of Representatives last week may have little impact on drug…

    Avian Flu Could Shutter Long Island’s Last Duck Farm

    New York’s Long Island was once synonymous with “duck” in the culinary world. Now it may lose its last commercial…

    People Moves: Brooks Insurance Adds Garabedian as Underwriting SVP

    Brooks Insurance hired Tiffani Ann Garabedian as senior vice president of underwriting. Garabedian is based in Los Angeles. Garabedian has…

    Family of Wrongfully Imprisoned Disabled Man to Receive $5.9 Million

    More than four years after his death, Richard Lapointe’s family is set to receive a nearly $5.9 million award from…

    Climate Change Made LA 35% More Primed to Burn, Scientists Say

    Climate change made Southern California’s dangerous wildfire conditions in early January 35% more likely than they would have been before…

    Washington Man on Workers’ Comp for 3 Years Caught on Video Carrying 48-Lb Table

    A Pierce County, Washington, man has been ordered to pay back more than $60,000 to Washington’s workers’ compensation fund after…

    Maine High Court Invalidates Law Erasing Time Limit on Child Sex Abuse Claims

    In a 5-2 opinion, the Maine Supreme Court has declared unconstitutional a 2021 state law that eliminated the statute of…

    Earthquake in Maine Rattles Houses, Nerves Across Northeast

    A 3.8-magnitude earthquake centered near the southern Maine coast rattled houses in northern New England on Monday and was felt…

    Uncertainty Looms for Michigan’s EV Industry Amid Federal Policy Changes

    While President Donald Trump took aim at the electric vehicle industry last week, there is still optimism about the industry’s…

    Trucordia Acquires Louisiana’s CADA

    Trucordia has acquired the insurance business of CADA Insurance Services which has multiple offices in Louisiana, including Baton Rouge, Chalmette,…

    Corpus Christi Initiates Emergency Effort to Boost Water Supply

    On the South Texas coast, the city of Corpus Christi has initiated an emergency effort to boost its water supply…

    ‘World’s Largest Truck Stop’ Fined $390K by EPA

    Two truck stops in Iowa and Missouri – Iowa 80, advertised as “the world’s largest truck stop,” and Joplin 44…

    Florida Condo Sales Reach 10-Year Low as Median Price Dips, Report Shows

    Florida condominium sales last year reached their lowest point in almost a decade, according to a Florida Realtors report. It’s…

    Trump Asserts Federal Government Power Over California Water

    President Donald Trump is asserting more federal government control over water management decisions in California and ordering U.S. officials to…

    2025 Agency Salary Survey: Deadline Approaching

    It’s the final days to take this year’s Agency Salary Survey. All respondents will receive a copy of the report…

    Not a Bear But a Fake Deer-Collision Claim Results in South Carolina Fraud Charges

    First it was the fake bear insurance fraud that made headlines around the country. Now, it’s a fake deer that…

    Markets/Coverages: DUAL Europe Launches Cyber Active Protect Solution

    DUAL Europe announced the launch of DUAL Cyber Active Protect, a new product that combines comprehensive cyber insurance with proactive…

    APCIA: Insurance Markets Work Best Without Excessive Price Regulation

    The American Property Casualty Insurance Association (APCIA) recently released a report that concludes over-regulation impedes insurance markets “Insurance markets function…

    AIG’s Hancock to Lead Global Personal Lines as Insurer Restructures Businesses

    American International Group (AIG) said it is organizing into three segments and Jon Hancock will lead two of them. Hancock…

    Crew Abandon HK-Flagged Container Ship in Red Sea After Fire: Sources

    The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught…

    Everest Group Boosts Casualty Losses Reserves $1.7B

    Everest Group preannounced full-year 2024 earnings yesterday, disclosing about a 45% drop in net income attributable to a $1.7 billion…

    Storm Triggers Worst Floods in 40 Years in Northwest France

    Storm Herminia triggered the worst flooding in four decades in parts of northwest France and created dangerous avalanche conditions in…

    Fuji Media, Rocked by Sexual Misconduct Allegations, Says Executives to Resign

    Japan’s Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately amidst…

    Ardonagh Netherlands to Buy Majority Stake in 2 High-Net-Worth Specialist Firms

    Ardonagh Netherlands, part of The Ardonagh Group, has reached an agreement to acquire a majority stake in Private Insurance Assuradeuren…

    Oceans Are Warming Faster and Faster as the Earth Traps More Energy

    The world’s oceans are warming four times faster than they were in the late 1980s, according to a new study.…

    German Watchdog Raises Focus on Physical Risks Stemming From Climate Change

    German watchdog BaFin said the country’s financial industry needs a better grasp of physical risks stemming from climate change because…

    People Moves: Kalinsky Named CEO of Plymouth Rock Management; Hunter Joins Protecdiv

    Plymouth Rock Assurance, headquartered in Woodbridge, New Jersey, named Greg Kalinsky as president and CEO of the Plymouth Rock Management…

    UnitedHealth Says Hack at Tech Unit Impacted 190 Million People

    The cyberattack at UnitedHealth Group’s tech unit last year affected the personal information of 190 million people, the health conglomerate…

    Target Becomes Latest Company to Backtrack on DEI Initiatives

    Target is ending its diversity, equity and inclusion program this year, the retailer said on Friday, the latest U.S. corporation…

    J&J Talc Deal Should Be Rejected in Bankruptcy, Holdouts Say

    Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan…

    Southern California Edison Shares New Details on Transmission Lines in Eaton Amid Wildfire Probe

    Southern California Edison, a unit of utility Edison International, said on Monday preliminary analysis of data showed a “momentary and…

    Ex-Yankee Mariano Rivera and Wife Deny Knowing of Church Abuse

    New York Yankees legend Mariano Rivera and his wife are accused in a lawsuit of failing to protect a young…

    New Mexico P.I. First to Admit Guilt in Bribe Scheme to Get Drunk Drivers off Hook

    A private investigator embroiled in a corruption scandal that rocked New Mexico’s law enforcement community for over a decade was…

    W.R. Berkley Posts Record Year With Q4 Net Income Up 45%

    Forth quarter 2024 net income at W.R. Berkley Corp. jumped 45% compared to a year ago to about $576 million.…

    NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules

    New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be…

    Texas Reports 564 Fatal Occupational Injuries in 2023, Down Slightly from Previous Year

    The Texas Department of Insurance, Division of Workers’ Compensation this month released a report on fatal occupational injuries in Texas…

    Kansas Cattle Farms Fined for Clean Water Act Violations

    Cattle feedlot operators Wickstrum Farms Inc. and Wickstrum Cattle LLC of Pottawatomie County, Kansas, will pay a combined $70,000 in…

    Data Centers and Large Users Strain Texas Power Grid

    The rise of artificial intelligence, the digitization of the economy and everyday life’s growing computing needs have turbocharged the expansion…

    Southern California Edison Asked by Investigators to Preserve Gear at LA’s Eaton Blaze

    Fire investigators have asked Southern California Edison Co. to preserve its equipment near the site where the deadly Eaton fire…

    Ohio Residents Push Back Against $850K Bond to Appeal Derailment Settlement

    Residents challenging Norfolk Southern’s $600 million settlement for the disastrous East Palestinetrain crash have asked a court to reject a…

    Merck’s $8 Billion Cancer Vaccine Faces First US Jury Trial

    Merck & Co. is facing its first jury trial over claims the company wrongfully marketed its lucrative Gardasil cancer vaccine…

    Florida Authorities Investigating After Trooper Shoots Suspect at Ocala Hospital

    OCALA, Fla. (AP) — A Florida Highway Patrol trooper fatally shot a suspect during an altercation at a central Florida…

    Mangrove, Another New Property Insurer, Enters Florida Market

    Former RenaissanceRe executive Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to…

    California Storm Raises Mudslide Risk, Closes Interstate

    Southern California will clock a few more tense hours as showers continue to soak the burn-scarred landscape around Los Angeles.…

    Generali Global Corporate & Commercial Enters Launches Business Unit in India

    Generali Group has launched a new business unit – Global Corporate & Commercial (GC&C) India – within its joint-venture company…

    South Korea’s Preliminary Jeju Air Crash Report Focuses on Bird Strike

    South Korea released a preliminary report into last month’s deadly Jeju Air Co. crash that offers more detail on the…

    Trump Proposes ‘Getting Rid of FEMA’ While Touring Disaster Areas

    President Donald Trump on Jan. 24 surveyed disaster zones in California and North Carolina and said he was considering “getting…

    Rhode Island Undertakes Phased Relaunch of Breached RIBridges Benefits Portal

    The state of Rhode Island last week began a phased relaunch of the HealthyRhode customer portal associated with RIBridges system,…

    People Moves: Chubb’s Westchester Names Leaders of Three New Business Practices

    Westchester, Chubb’s Excess and Surplus Lines Division, headquartered in Alpharetta, Georgia, named three leaders for its recently formed new business…

    Climate Change Makes Fierce Winter Storms Like Éowyn Even Stronger

    Winter Storm Éowyn pummeled Ireland and the UK with hurricane-force winds on Friday, creating blackouts for hundreds of thousands and…

    Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

    Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in…

    Auditors Get Tougher Guidelines on Judging Firms’ Environmental Claims

    International auditors have been given new guidance on what to check when assessing firms’ environmental, social and governance claims –…

    Trump Administration Halts Environmental Litigation, Sidelines Lawyers: Sources

    U.S. President Donald Trump’s administration has halted all pending environmental litigation and reassigned four career Justice Department attorneys focused on…

    FTC Has Bipartisan Support for Merger Cases, Outgoing Chief Says

    The US Federal Trade Commission is likely to have bipartisan support to keep filing cases to block anticompetitive mergers under…

    Two Workers Injured in Explosion at Cannabis Facility

    Two workers were injured in an explosion and fire at a cannabis extraction facility on Maryland’s Eastern Shore last Wednesday,…

    PayPal Pays $2 Million Cybersecurity Settlement to New York Regulator

    PayPal, Inc. will pay a $2 million penalty to New York State for violations of the state’s financial services industry…

    Sky Zone in Washington Fined for Overworking Teens

    The owner of a Tukwila, Washington, trampoline park faces more than $68,000 in fines for not giving teen employees meal…

    Maryland Man Convicted in $20 Million Insurance Fraud Scheme

    A federal jury last week convicted a Maryland man for conspiracy to commit insurance fraud, money laundering, filing false tax…

    Declarations

    Secrets to Success “We really look for people that are good at service. Sometimes not even in the insurance application,…

    People & Places

    National Matt McHatten, president and chief executive officer at MMG Insurance, is the new chair of the Insurance Information Institute’s…

    Business Moves

    National Arthur J. Gallagher, Assured Partners Arthur J. Gallagher will acquire AssuredPartners for $13.45 billion cash with a deal expected…

    Cal/OSHA Says Safeway Exposed Workers to Serious Hazards at Largest Warehouse

    The California Division of Occupational Safety and Health cited Safeway $182,000 in proposed penalties for safety violations that reportedly put…

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