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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.

    Lawsuit Filed Against City of New Orleans Over Fatal Truck Attack

    By Martha Bellisle Six people who were injured and the father of a man who was killed in the New…

    Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’

    By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 — reaching a total…

    2025 Begins

    What a start to the new year for the insurance industry. January 1 saw two separate incidents that drew attention…

    Strategies for Brokers as M&A Slows and Insurance Rates Soften

    The brokerage industry is adapting to a changing landscape as macroeconomic conditions temper the tailwinds that have driven growth in…

    Big Recruiting Challenges Ahead for Insurance Agencies in 2025

    Have you felt like hiring and recruiting has been harder lately? It’s tough to find good candidates. People seem less…

    Industry Trends to Exploit for 2025 – Part Two

    This article follows Part One from last month and covers group benefits and health insurance, the effects of natural disasters…

    Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers

    By L.S. Howard Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led…

    Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge

    By Chad Hemenway Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of…

    Commercial Property Market Stabilizing, With Ample Capacity: USI

    The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or…

    LA Wildfires by The Numbers: Insured Losses, Total Losses, Ratings, Rates

    The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on…

    Fitch Revises Mercury’s Outlook to Negative on More Possible LA Fire-Size Cats; Affirms Ratings

    Fitch Ratings said in an outlook revision that it expects Mercury General Corp.’s credit profile will withstand the impact of…

    ZestyAI Approved in Minnesota

    ZestyAI, a provider of AI-powered property and risk analytics, announced that its Severe Convective Storm suite, including Z-HAIL™, Z-WIND™, and…

    Trump Administration Reviewing US Automatic Emergency Braking Rule

    A U.S. auto safety agency said on Friday it is reconsidering a landmark rule from the administration of former President…

    Kansas Department of Insurance Recovers $11.8M in 2024

    Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Department of Insurance recovered more than $11.8 million for Kansans in 2024.…

    Crop Trader Declares Force Majeure Along US Gulf During Rare Southern Snow

    One of the world’s biggest crop traders has halted loading of grain vessels at US Gulf terminals as the region’s…

    Texas Asks Wall Street Firms for Details About DEI Efforts

    Texas and nine other Republican-led states are ratcheting up pressure on Wall Street’s diversity programs, asking firms about their policies…

    Specialist Risk Group Acquires Ecclesia Group’s Assets in Netherlands and Belgium

    Specialist Risk Group (SRG), the London-based insurance intermediary, announced it will acquire the assets of Ecclesia Group in The Netherlands…

    Digital Lloyd’s Syndicate Ki Becomes Separate Company Within Fairfax Group

    Ki, the Lloyd’s digital follow platform, announced it completed the separation from its parent company, Fairfax Group, becoming a standalone…

    Where Homeowners Rates Are Rising—and Who Is Raising Them Most

    According to a new analysis of homeowners insurance rates, some Midwest states saw the biggest jumps in premiums last year—and…

    LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch

    The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s…

    New York Obtains $1.065B Judgment Against Accused Predatory Lender

    New York Attorney General Letitia James said on Wednesday her office obtained a $1.065 billion judgment against Yellowstone Capital, a…

    Families Sue TikTok in France Over Teen Suicides they say are linked to harmful content

    In the moment when her world shattered three years ago, Stephanie Mistre found her 15-year-old daughter, Marie, lifeless in the…

    Murdoch’s News Group Settles With Prince Harry, Leaving Questions Unanswered

    Following a dramatic last-minute settlement in court, Prince Harry has again been victorious in his mission to take on the…

    ‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

    January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven…

    Storm Éowyn Leaves Thousands Without Power, Grounds Flights

    Hurricane-strength winds battered Ireland and the UK early Friday morning, leaving thousands of homes and businesses without power and disrupting…

    US Health Agencies Cancel External Meetings, Travel After Trump Admin Directives

    U.S. health agencies including the CDC this week canceled meetings with external groups, paused some public health publications and told…

    MLB Orders Employees to Return to Office Five Days a Week

    Major League Baseball has ordered its employees to return to the office five days a week, according to people familiar…

    Fire Chief Fatally Shot While Helping Couple Whose Car Hit a Deer in Alabama

    A man fatally shot a Georgia fire battalion chief and wounded the driver of a car that hit a deer…

    Florida, Louisiana Sugarcane Could be Hurt by Winter Storm but Citrus Was Spared

    Sugarcane crops in Louisiana and Florida, the only two states producing sugar from cane in the United States, could be…

    J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case

    Johnson & Johnson is balking at paying $30 million in punitive damages on top of a $15 million jury award…

    OSHA Cites Contractor in Death of Worker Who Fell From Boston Theater Scaffold

    A construction contractor could have prevented the death of a worker at the Cutler Majestic Theater in Boston by following…

    People Moves: MEMIC Promotes Holbrook; XS Brokers Hires Dawson

    The MEMIC Group, headquartered in Portland, Maine, promoted Matt Holbrook to vice president of data and analytics. Holbrook, who is…

    People Moves: CIWA Names New Executive Board and Incoming Members

    The California Insurance Wholesalers Association made transitions within its executive board and named new additions to its board of directors.…

    Purdue Pharma, Sacklers Reach $7.4B National Opioid Settlement

    Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging…

    Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America

    President Donald Trump’s executive orders against “illegal” diversity, equity and inclusion policies have left corporations and their lawyers struggling to…

    Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors

    California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles…

    Moody’s Expects L.A. Wildfires to Increase Property Insurance Costs Across State

    Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs…

    Oklahoma Commissioner Unveils OKReady Grant Program Launch Details

    Oklahoma Insurance Commissioner Glen Mulready announced new details regarding the launch of OKReady, the Strengthen Oklahoma Homes (SOH) program, that…

    People Moves: Ansay Announces New Leadership Team; Ryan Specialty Adds Budd to Specialty Underwriting Segment

    Anneren Family Holding Company, established to perpetuate the Ansay family’s legacy, has announced the appointment of Angela Sikowski as President…

    Roller Derby League Loses Bid to Temporarily Block Ban on Trans Athletes

    A New York roller derby league has lost its bid to temporarily block a local ban on transgender female athletes.…

    Ohio Pastor Found Guilty for Violating City Fire Code by Sheltering Homeless

    A judge in northwestern Ohio found a pastor guilty on criminal charges Tuesday for failing to comply with the city…

    Descartes Launches Parametric Tornado Coverage for Solar Farms

    Descartes Underwriting has announced the launch of a parametric insurance product to protect utility-scale solar farms against tornado damage. According…

    People Moves: Zurich NA Appoints Bessette Chief Data Officer; O’Neill Named Head of NFP’s Financial Institutions Group

    Zurich NA Appoints Bessette as Chief Data Officer Zurich North America, headquartered in Schaumburg, Illinois, appointed Kristen Bessette as chief…

    KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B

    Catastrophe modeler KCC said insured loss from privately insured and California FAIR plan policies to residential, commercial and industrial properties,…

    Cargo Theft Surges to Record Levels in 2024

    2024 saw record-breaking cargo theft activity across the United States and Canada, with 3,625 reported incidents representing a 27% increase…

    New Wildfires Erupt in California, Forcing Thousands to Evacuate

    Two new wildfires that erupted in Southern California are spreading quickly over dry hillsides and forcing evacuations, stoking new fears…

    Sky Betting Illegally Collected Gambler’s Data, Court Rules

    A unit of Fanduel-owner Flutter Entertainment Plc illegally collected the data of a gambling-addicted customer to profile him for marketing…

    OPTIS: 2024 Insurance Agency M&A Down 10%, Highlighted by 3 Large Deals

    The total number of insurance agency mergers and acquisitions in 2024 was down 10% compared to 2023, according to investment…

    Highstreet Expands Again With Acquisition of Winder Insurance in Georgia

    Highstreet Insurance Partners has continued its rapid growth with the acquisition of Winder Insurance Center in Winder, Georgia. Helmed by…

    Worst Snowstorm in 130 Years Plunges US South Into Frigid Chaos

    Across the US South, extreme weather usually means boarding up windows against hurricane winds and lining streets with sandbags to…

    Banks Have Unfair Edge Over Insurers in M&A Race: NN CEO Says

    A top European insurance executive slammed a piece of regulation that has emerged as key driver behind a recent slate…

    Everest Group Names Williamson as Permanent Chief Executive Officer

    Everest Group Ltd., the Bermuda-based property/casualty and specialty re/insurer, announced that its Board of Directors has appointed Jim Williamson as…

    Storm Éowyn Set to Bring ‘Weather Bomb’ to UK and Ireland

    Storm Éowyn will bring a “weather bomb” to Ireland and the UK, unleashing destructive winds and heavy rain, the Met…

    People Moves: Scully Appointed President of Automobile Insurers Bureau

    The governing committee of the Automobile Insurers Bureau of Massachusetts (AIB) appointed William H. Scully as president. Scully served as…

    China Guides Mutual Funds, Insurers to Invest More in Stocks

    China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore…

    Dutch Willing to Help Insurers Invest in Defense, Minister Says

    Dutch insurance companies and other financial institutions that want to invest in the defense industry can expect guidance from the…

    India Widens Approvals for Russian Insurers After Oil Sanctions

    India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing,…

    Insurtechs’ Approach to Wildfire Insurance: Part III – Faura

    While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the…

    Does Florida’s 15-year Roof Age Rule Discourage More Wind-Resistant Products?

    After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections…

    People Moves: Washington Insurance Commissioner Kuderer Adds to Executive Staff

    Washington State Insurance Commissioner Patty Kuderer made six additions to her executive team. Kuderer was sworn in as the state’s…

    Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim

    A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses…

    Ash Left Behind by LA Wildfires Might Be Toxic, Experts Warn

    Toni Boucher threw up the first time she saw the charred remains of her home and neighborhood after this month’s…

    Crown Stolen from Virgin Mary Statue at Philadelphia Church

    A man broke into a Philadelphia church and stole a 125-year-old bejeweled crown from atop a marble statue of the…

    The Difference Between Direct Carrier Appointments and Producer Sub-Codes

    This post is part of a series sponsored by Darkhorse Insurance. In the complex world of insurance, as an insurance…

    Microsoft’s LinkedIn Sued for Disclosing Customer Information to Train AI Models

    Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to…

    Flow Specialty Says Its AI Agent Passed RPLU Exams

    Specialty wholesaler Flow Specialty said its artificial intelligence model has passed the Registered Professional Liability Underwriter (RPLU) exams for cyber,…

    South Dakota Bill to Protect Farms From Spying Could Limit Access to Data

    Proposed legislation aimed at protecting South Dakota farmers from potential “agro-terrorism” activities could have a secondary effect of limiting access…

    Highstreet Acquires Missouri’s Siebert Agency

    Highstreet Insurance Partners announced its acquisition of Siebert Agency Ltd, and its sister companies Russ Siebert Insurance and Mary Siebert…

    Texas Regulators Overhaul Oilfield Waste Rule

    Texas regulators have completed the first overhaul of oilfield waste rules in over 40 years. The Railroad Commission of Texas…

    Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B

    New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between…

    Rare Snow Imperils Texas Gas Exports, Shuts Louisiana Roads

    A historic winter storm threatened natural gas shipments from one the biggest US export plants while heavy snow shut schools…

    Travelers Posts 28% Increase in Q4 Net Income

    The Travelers Cos. said fourth quarter 2024 and full year net income increased 28% and 67% on string underlying underwriting…

    Wildfire-Risk Models Are Struggling to Predict LA-Style Fires

    Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors…

    Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says

    The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in…

    People Moves: Lawley Names 4 New Partners; Burns Heads XS Brokers New Cyber Unit

    Lawley, headquartered in Buffalo, New York, appointed four new partners. Michael Jantzi II has worked in the insurance and business…

    Tennessee to See Another Drop in Average Workers’ Comp Costs This Year

    Average workers’ compensation loss costs for the voluntary market in Tennessee will drop by 3.6% starting March 1, marking the…

    People Moves: Arch Promotes Thompson to Offshore Energy Underwriting Manager; WTW Names Mamone as Head of Tech Delivery and Strategy

    This edition of International People Moves details appointments at Arch Insurance International and Willis Towers Watson. A summary of these…

    Italy’s Reale Mutua Eyes €1 Billion Deals in Europe Expansion

    Italian insurer Societa Reale Mutua di Assicurazioni is looking to expand in Europe through acquisitions — and it’s ready to…

    Citigroup Must Face New York Lawsuit Over Handling of Fraud Scams

    A federal judge on Tuesday rejected Citigroup’s bid to dismiss a lawsuit by New York Attorney General Letitia James claiming…

    Trump Puts Federal DEI Staff on Paid Leave as Cuts Take Shape

    Federal employees in diversity, equity and inclusion roles will be placed on paid leave Wednesday as their offices related to…

    AXA XL Supports UK’s First Development-Stage Accelerator for Climate Tech Businesses

    AXA XL is partnering with London GreenCity, the UK’s first accelerator for development-stage climate tech entrepreneurs, to offer expertise in…

    Storm Éowyn Set to Hit UK With Damaging Winds and Heavy Rains

    Winter Storm Éowyn is gathering strength, supercharged by the Arctic blast that moved through the US, and has the potential…

    EU Is Set to Shrink ESG Reporting Rules Amid French Demands

    The European Union is set to scale back its highly contested ESG reporting requirements, as France prepares to unveil a…

    Six Years Post Fatal Disaster, Mines Start Global Waste-Dam Body

    An international institute that seeks to improve the safety of reservoirs that store toxic waste from mining known as tailings…

    South Korea to Change Airport Design After Deadly Jeju Air Crash

    South Korea will extend runway safety areas and redesign infrastructure after the crash of a Jeju Air Co. flight last…

    Houthis Say US and UK Ships Can Safely Take Red Sea Passage

    The Houthis said they will stop attacking US and UK vessels in the Red Sea area in response to the…

    People Moves: Allianz Commercial Names Region Heads of Property, Financial Lines; New Leadership Roles at Resilience

    Allianz Commercial Makes North American Leadership Promotions in Financial Lines and Property Allianz Commercial, headquartered in New York City, made…

    Insurtechs’ Approach to Wildfire Insurance: Part II – Kettle

    While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the…

    Alliant Employees Blocked From Soliciting Former MMA Clients

    A federal judge in Manhattan overseeing an insurance brokerage poaching case has blocked three Alliant Insurance Services employees from soliciting…

    Growing Concerns About Wildfires in Carolina Thanks to Kindling Left by Helene

    As southern California continues to suffer from wildfires, officials in another part of the country fear their area could be…

    New York Proposes Plan to Stabilize Broken Taxi Insurance Market

    New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from…

    Hawaii Fireworks Blast Victim Injuries Comparable to Those Seen on Battlefield, Doctor Says

    Some wounds suffered by six Hawaii residents flown to Arizona for medical treatment after a deadly illegal fireworks explosion on…

    Connecticut Resiliency Plan Includes Flood Insurance, History Notification Mandate

    Connecticut Governor Ned Lamont is proposing legislation aimed at improving the state’s resilience in the face of severe weather events,…

    Washington House Flippers Fined $116K Over Asbestos Removal Rules

    Two Vancouver, Washington, business owners are facing a combined $116,000 in fines for ignoring rules to protect workers, neighbors, and…

    Insurance 101: Do Your Clients Know the Difference Between Homeowners Insurance and Flood Insurance this Hurricane Season?

    This post is part of a series sponsored by AgentSync. The 2024 hurricane season just wrapped, officially ending on Nov.…

    New Orleans Landscaper Ordered to Pay $319K in Back Wages

    TheU.S. Department of Labor has recovered $319,065 in back wages for 49 workers employed by a New Orleans landscaping company…

    Tropolis Acquires 4 Agencies in Midwest

    Tropolis, an insurance brokerage that provides property & casualty (P&C) and employee benefits solutions, announced it has completed the acquisitions…

    LA Braces for Fire Risk From Bone-Dry Winds as Winter Rains Lag

    Dangerous winds and drought will create extreme fire risk across Southern California Tuesday, putting more than 11 million people in…

    Trump Curtails Protections Around Diversity, LGBTQ Rights

    The United States will recognize only two sexes, male and female, that are unchangeable, President Donald Trump ordered on Monday…

    Florida Snowman: As Ice and Snow Come to the State, DeSantis Declares Emergency

    As a rare snowstorm was bearing down on northern Florida, Gov. Ron DeSantis on Monday declared a state of emergency…

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