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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.

    10 Must-Ask Questions Before You Choose an Agency Management System

    This post is part of a series sponsored by EZLynx. Management systems can make or break a new agency. In…

    Andrade Leaves Everest Group to Become USAA President and CEO

    Juan C. Andrade is USAA’s new president and chief executive officer, said the insurance provider to millions of active military,…

    Rising US Auto Insurance Rates Are Disproportionately Hurting Classic Car Owners:

    The Meteoric Rise in U.S. Auto Insurance Rates is Being Subsidized by Collector Car Owners According to Classic & Collector…

    Bowie Promoted to CEO of MGU Private Client Select Insurance

    Managing general underwriter Private Client Select Insurance Services, majority owned by Stone Point Capital and American International Group (AIG), said…

    California Wildfires Will Likely Lead to Large Economic and Insured Losses

    Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders…

    Clearcover Expands Non-Standard Auto Coverage to Texas

    Digital car insurer Clearcover announced the launch of Clearcover General Agency to serve the non-standard auto insurance market in Texas.…

    Berkshire Shareholder Seeks Committee to Oversee AI at Buffett’s Company

    A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens…

    Tibet Earthquake Kills at Least 126 People, Leaves Many Trapped

    A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses,…

    People Moves: The Piexus Group Names Fawcett as President

    The Plexus Groupe, a national commercial insurance brokerage and consulting firm, announced the appointment of Gerald Fawcett as President. Fawcett…

    DOJ: Oklahoma City Police Discriminate Against People With Behavioral Disabilities

    Oklahoma City and its police department have discriminated against people with behavioral health disabilities, the U.S. Department of Justice said…

    Low-Income Tenants Sue Omaha Housing Authority Over Bed Bug Infestations

    A class-action lawsuit filed Monday alleges the Omaha Housing Authority ignored and failed to eliminate bed bug infestations at high-rise…

    Winter Storm Heading for Texas Grounds Flights and Menaces Grid

    Flight cancellations are already piling up as a winter storm bears down on Texas and the US South, bringing snow…

    Symbol Will Indicate When Connected Devices Are Cyber Secure

    Consumers may soon be able to buy electronic products with a label indicating they are “cyber secure,” according to US…

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

    Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400…

    Injured While ‘Simply Walking’ Not Covered by Workers’ Compensation

    Not all accidents are compensable merely because they happen at work, the Virginia Workers’ Compensation Commission (WCC) reminded in denying…

    ALKEME Conjures Another Acquisition with Georgia’s Professional Benefits Consultants

    California-headquartered ALKEME, ranked as one of largest U.S. insurance brokerages, has continued its growth spurt with the recent acquisition of…

    Alabama Now Requiring Quarterly Reports From Surplus Lines Brokers

    Starting this spring, surplus lines brokers in Alabama must file quarterly reports showing all surplus lines transactions, the state Department…

    Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chairman of Climate Solutions

    Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions,…

    Thousands Flee From Uncontrolled Wildfires Burning Near Los Angeles

    Millions of people in California face at least two more days of dry, hot winds that have fanned fires across…

    Deep Vector Closes $1.5M Round Co-Led by Aperture and InsurTech NY

    Deep Vector, an artificial intelligence (AI) platform for analyzing underwriting documents, closed its seed round of $1.5 million, co-led by…

    Lawsuit Alleges Fox Sports Ex-Host Harassed Hairstylist, Offered $1.5M for Sex

    A woman who worked as a hairstylist for Fox Sports alleges in a lawsuit that former host Skip Bayless made…

    Virginia’s Andrew Agency Acquires Richmond Insurance Agency

    The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. Founded in 1963, GLM Insurance is a third-generation…

    South Korea Reviews Airport Runway Walls After Fatal Jeju Crash

    South Korea plans to review the concrete walls positioned just beyond the end of some airport runways after an aircraft…

    Israel Cyber Firms Raise $4 Billion in 2024 on Surge of Cloud, AI Security Needs

    Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect…

    Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says

    Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea…

    Artificial Intelligence Energy Demand Is Driving Climate Tech Investing

    Energy startups have overtaken the makers of electric cars and batteries as the top global climate tech investment for the…

    US Insurance Deals Outlook: More, More, More

    In mid-December, PwC tallied a surge in M&A deals in the U.S. insurance industry in the second half of 2024,…

    JetBlue Stowaway Deaths Probed After Florida Flight From New York

    Local law enforcement officials in Fort Lauderdale are investigating the deaths of two individuals found in the landing gear compartment…

    Mercury to Return to Paradise California as Rebuilding Efforts Gain Momentum

    Mercury Insurance announced this week that the company will begin writing new homeowners insurance policies in the town of Paradise,…

    People Moves: Baum to Succeed Swedlow as President of CWCI

    The board of directors of the California Workers’ Compensation Institute named the institute’s chief operating officer, Gideon L. Baum, as…

    MLB Players Affiliate Withdraws Image Lawsuit Against Pirates’ Parent Company

    An affiliate of the Major League Baseball Players Association withdrew its lawsuit against the parent company of the Pittsburgh Pirates…

    Agency Network Renaissance Acquires Consolidated Insurance Agents in Buffalo

    Independent insurance agency network Renaissance reports it has has acquired the agency network business of Consolidated Insurance Agents Inc. (CIA),…

    How Will Your Insurance Organization Handle These 2025 Predictions?

    This post is part of a series sponsored by AgentSync. Another year has come and gone. How’d your organization fare…

    Exxon Sues California AG, Environmental Groups Over ‘Smear’

    Exxon Mobil Corp. filed a lawsuit alleging that California Attorney General Rob Bonta and several environmental groups made defamatory comments…

    Winter Storm Brings Heaviest Snowfall in a Decade to Central U.S.

    A blast of snow, ice, wind and plunging temperatures stirred up dangerous travel conditions in parts of the central U.S…

    Texas Snow Threatens to Unleash Blackouts and Travel Chaos

    A winter storm is poised to pummel Texas and the US South later this week, putting the region at risk…

    Musk’s Massive Tesla Lithium Plant Hunts for Water in Drought-Hit Texas

    Twenty miles outside Corpus Christi, Texas — an area so dry the local water company distributes shower timers at high…

    AM Best Removes Negative Implications on Oklahoma’s Sutton National

    AM Best has removed under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the…

    After Nautilus Insurance Wins Civil Suit vs. Murdaugh, Trial Starts for His Conspirator

    Just days after convicted murderer Alex Murdaugh was ordered to pay almost $15 million to Nautilus Insurance Co., his friend…

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

    Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted…

    Earthquakes and Blowouts Undermine Case for Carbon Storage in Texas

    Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields, putting the state at the…

    People Moves: World Insurance Associates Names Miller EVP, National Accounts

    World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Adam Miller as its executive vice president, national accounts. Miller,…

    Business Moves: Aon, Guy Carpenter, WTW Each Complete Previously Announced M&As

    Insurance brokers Aon plc, Guy Carpenter and WTW announced they each have completed previously announced mergers and acquisitions. Aon’s acquisition…

    Core Specialty to Purchase London Aviation Underwriters

    Core Specialty Insurance Holdings Inc. and its subsidiaries have agreed to purchase London Aviation Underwriters Inc. (LAU), in a stock…

    1 Killed in Large Avalanche in Western Wyoming

    An avalanche killed one skier and injured another after the group they were in triggered the large snowslide while ascending…

    Viewpoint: Innovation Enhances Brokers’ Growth and Profits

    Boosting growth and profitability is a goal for all U.S. insurance agents and brokers, but until recently that has been…

    Ryan Specialty to Acquire Nashville-Based Velocity Risk Underwriters MGU

    Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk…

    Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing

    Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to…

    Asian American Venture Capitalist Accuses PayPal of Racial Bias in Minority Program

    PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting…

    NHTSA Probing About 2.6M Tesla Vehicles Over ‘Actually Smart Summon’ Feature

    The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened a probe into about 2.6 million Tesla…

    Old Republic Starts New Company for Cyber, Tech E&O

    Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products.…

    China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet

    China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western…

    MarketScout: 2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8%

    According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the…

    The Institutes, Kevelighan Fire Back at Retaliation Claims by Former Triple-I Employee

    The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from…

    Arthur J. Gallagher & Co. Acquires Canadian Broker Encore Group

    Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance brokerage, announced the acquisition of Waterloo, Ontario-based Encore Insurance Services…

    New NC Governor Issues Orders to Speed Housing Work After Helene

    ASHEVILLE, N.C. (AP) — New North Carolina Gov. Josh Stein took several actions on Thursday to help the short- and…

    US Chamber, Oil Firms Sue Vermont for Making Companies Pay for Climate Damage

    The U.S. Chamber of Commerce and a top oil and gas industry trade group are suing Vermont over its new…

    New York Employers Must Offer Paid Medical Leave During Pregnancy

    Pregnant New Yorkers will be entitled to at least 20 hours of paid leave to attend prenatal medical appointments under…

    Ghosts of Grenfell Disaster: No Penalties for UK Firms That Used Flammable Cladding

    When the deadly Grenfell Tower blaze in 2017 led to revelations that high-rise public housing buildings across Britain were wrapped…

    The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

    Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of…

    Strate Insurance in Tennessee Merges with Main Street Insurance Group

    Strate Insurance Group, a personal lines agency with offices in five Tennessee cities, is merging with Main Street Insurance Group,…

    State High Court Nixes Policy Cancellation Over ‘Ambiguous’ Communications

    An insurer failed to properly cancel a workers’ compensation policy because its multiple notices and other conduct were not “definite,…

    Campbell Named Acting Director of Missouri Department of Commerce and Insurance

    Governor Mike Parson announced that Mick Campbell will take over as the Acting Director of the Department of Commerce and…

    Sanford Health to Pay $220K in Back Wages and Damages

    The Minnesota Department of Labor and Industry (DLI) announced it has entered into a consent order with medical clinic Sanford…

    Europe Braces for Snow and Ice With UK Facing Amber Warnings

    Northern Europe is facing freezing temperatures and snow, boosting heating demand and putting more pressure on the region’s depleting gas…

    New Orleans Barriers to Prevent Vehicle Attacks Were in the Process of Being Replaced

    NEW ORLEANS (AP) — Seven years ago, New Orleans officials began installing adjustable barriers at intersections in the famed French…

    Bureau of Labor Releases Final 2023 Workplace Injury, Fatality Stats

    Last year, there were 5,283 fatal work injuries recorded in the United States, a 3.7% decrease from 5,486 in 2022,…

    SageSure Closes Acquisition of GeoVera Advantage Insurance Services in California

    SageSure closed the acquisition of GeoVera Advantage Insurance Services LLC in Fairfield, California. The entity will now function as a…

    Dartmouth Athletes End Unionization Bid Citing Labor Panel Shift to Republicans

    The Dartmouth men’s basketball team on Tuesday dropped its attempt to unionize, abruptly ending a push to become the first…

    Employer Owes Pay for Actual Time Changing, Showering— Not Its ‘Reasonable’ Estimate

    A Pennsylvania battery firm has been found responsible for paying $22.25 million in backpay to workers to cover the actual…

    Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California

    Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under…

    Top Climate Group for Banks, Insurers, and Asset Managers Is Making Changes

    The world’s biggest climate coalition for financial firms is making adjustments after several high-profile banks, insurers and asset managers opted…

    Marsh McLennan Agency Acquires New York’s Acumen Solutions

    Marsh McLennan Agency (MMA) announced the acquisition of Acumen Solutions Group LLC, a Melville, New York-based insurance agency. Founded in…

    Peed Named RIMS President for 2025

    The Risk & Insurance Management Society today announced that effective Jan. 1 Kristen Peed will serve as president for 2025…

    Wildfire Smoke Health Risks Can Linger in Homes That Escape Burning − as Colorado Survivors Discovered

    (THE CONVERSATION) On Dec. 30, 2021, a wind-driven wildfire raced through two communities just outside Boulder, Colorado. In the span…

    Morgan Stanley to Leave Sector Climate Coalition

    Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S.…

    Alliant Moves into Alabama with Osborne as SVP

    Alliant Insurance Services has named Johnny Osborne senior vice president for its Americas division. Based in Huntsville, Alabama, Osborne will…

    Brown & Brown’s Nexus Agrees to Acquire Reinsurance MGA Arma in Dubai

    Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd.,…

    Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers

    Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents…

    California State Fund Declaring 15% Dividend for 2024 Policy Year

    State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies…

    After Steward Collapse, Massachusetts Aims to Prevent Future Health Care Failures

    The Massachusetts Legislature approved a bill Monday aimed at closing loopholes in the state’s health care market regulatory process exposed…

    The Captive Agent’s Guide to Independent Insurance Success

    This post is part of a series sponsored by Darkhorse Insurance. Ever felt like a bird with clipped wings, singing…

    He Saved the Chocolates But Lost His Workers’ Compensation Insurance

    An employee who was injured when rescuing chocolate candies from the heat in his employer-owned delivery truck is not due…

    Arkansas Hospital to Pay $14K in Back Wages

    An investigation by the U.S. Department of Labor’s Wage and Hour Division found Methodist Family Health in Little Rock, Ark.…

    Storm System Spawned 45 Reports of Tornadoes Across South

    Officials assessed the damage on Sunday after a strong storm system moved across the southern U.S. over the weekend, spawning…

    Fund Opposing DEI-Hiring Goals Targets Nike, Kraft and Autodesk

    A new investment fund that plans to oppose corporate DEI hiring goals is taking aim at Nike Inc., Kraft Heinz…

    UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct Line Deal

    British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7…

    Man Charged With Arson, Insurance Fraud Related to Fire at His Home

    A Vermont man has been charged with first degree arson and insurance fraud for allegedly setting fire to his own…

    Two Florida Tourist Sites Halt Drone Shows After Boy Was Hit at Orlando Event

    ORLANDO, Fla. (AP) — A theme park resort and a huge hotel in central Florida either have stopped using drones…

    Helene’s Flooding: The Human Toll on One Family in Tennessee

    ERWIN, Tenn. (AP) — Jerry and Sibrina Barrett never spent a day apart over 35 years. They worked long hours,…

    Florida Condo Owners Face Deadline and Higher Costs with New Regulations

    MIAMI (AP) — Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence…

    OSHA Cites Contractor It Says Ignored Warnings Before Fatal Trench Collapse

    A federal workplace safety investigation has found a Glenburn, Maine general contractor ignored an onsite expert’s repeated warnings and the…

    Arthur J. Gallagher & Co. Acquires BMR Insurance in California

    Arthur J. Gallagher & Co. acquired Tustin, California-based Murray Gardner Insurance Agency Inc., dba BMR Insurance. Gary Arch and his…

    California Commissioner Issues Regulation to Allow Reinsurance in Ratemaking

    California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help…

    Some Property Catastrophe Rates Fall 5%-15% as Reinsurers’ Appetite Grows: Report

    Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of…

    Tornadoes in Texas and Mississippi Kill 2 and Injure 6

    HOUSTON (AP) — A strong storm system threatened to whip up tornadoes in parts of the U.S. Southeast on Sunday,…

    Top Midwest Region Insurance Journal Stories of 2024

    This year’s top Insurance Journal Midwest headlines feature a range of misconduct, from fraud and embezzlement to high-profile lawsuits. Top…

    Top South Central Region Insurance Journal Stories of 2024

    Readers of Insurance Journal were drawn to South Central headlines detailing the complexities facing the insurance industry, from legal and…

    One Dead, Two Hurt After Tyson Foods Plant Fire in Georgia

    ATLANTA (AP) — A woman died and two other people were hospitalized with injuries after a fire at a Tyson…

    ‘Baby Driver’ Actor Hudson Meek Remembered After Fall from Car in Alabama

    VESTAVIA HILLS, Ala. (AP) — Teenage actor Hudson Meek has died after he fell out of a moving vehicle in…

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