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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.

    Talanx Sells Ecuadorian Subsidiary to Grupo Financiero Atlántida

    The Retail International division of the Talanx Group is selling its Ecuadorian entity HDI Seguros S.A. to Grupo Financiero Atlántida,…

    Robert C. Johnson III Elected to Board of Directors for Johnson & Johnson

    CHARLESTON, SC., February 24, 2025 – We are pleased to announce that Robert (Rob) C. Johnson III, Executive Vice President…

    FTC Chair Pledges to Keep Aggressive Merger Enforcement

    President Donald Trump’s Federal Trade Commission will “vigorously” sue to block illegal mergers, the agency’s new chairman said Monday, highlighting…

    US SEC Plans to Cut Regional Directors as Agency Preps for DOGE Scrutiny: Sources

    The U.S. Securities and Exchange Commission plans to remove the top leaders at regional offices across the country as part…

    Polished Gem GEICO Fuels Berkshire Hathaway Operating Gains

    The work that GEICO’s chief executive has done to “repolish” Berkshire Hathaway’s “long-held gem” got a special shout-out in Warren…

    Pennsylvania’s NSM to Sell Commercial Insurance Division to Investment Firm

    New Mountain Capital, an investment firm, has agreed to buy the commercial insurance division of Pennsylvania-based NSM Insurance Group. The…

    South Carolina Republicans Launch TV Ads to Salvage Tort Reform Bill

    Georgia lawmakers aren’t the only ones contemplating a major tort-reform bill during the legislative session this year. Next door, South…

    Florida Contractor in Fatal Fall Incident Sentenced for Workers’ Comp Fraud

    A Florida framing contractor has been sentenced to 48 months in prison and millions of dollars in fines and restitution…

    How Trump’s Mass Layoffs Raise Wildfire Risk in The West, According to Fired Workers

    The termination letters that ended the careers of thousands of U.S. Forest Service employees mean fewer people and less resources…

    Insurance 101: The Insurance Distribution Channel Overview

    This post is part of a series sponsored by AgentSync. Article Key Points: Insurance distribution involves various entities like agents,…

    California Insurance: Intervening, Interfering

    In insurance circles Florida and California have the dubious distinction of being perennial problem children for home and auto insurance.…

    Damage to Baltic Sea Telecoms Cable May Have Occurred in January, Operator Says

    Finland’s telecoms operator said on Monday that the damage reported last week to its C-Lion1 telecoms cable in the Baltic…

    All About Personal Property Insurance for Homeowners and Renters

    Personal property insurance is a crucial component of both homeowners and renters insurance policies. It provides coverage for your belongings…

    Loss of Use Coverage Explained

    Home insurance is essential for protecting one of your most valuable assets – your home. You may already know that…

    Mortgage Insurance vs. Homeowners Insurance

    It’s easy to get lost in all the words wrapped up with new home ownership: amortization, closing costs, collateral, contingency,…

    How to Hurricane-Proof Your House

    We love living in South Carolina. With our proximity to the mountains, abundant and lush greenery, and, of course, that…

    What is Private Mortgage Insurance?

    If you are considering buying a home and are having to be strategic with your budget, chances are you’ve heard…

    Information Needed for a Home Insurance Quote

    When it comes to safeguarding your most significant asset – your home – having adequate home insurance coverage is crucial.…

    Does Auto Insurance Cover Bicycle Accidents?

    If you’re hitting the open road on your bicycle, you’ve probably gone to great lengths to increase your safety. But…

    Can I Buy Title Insurance After Closing?

    Being handed the keys to a new home is a giant moment in any person’s life. But once the papers…

    How to Complete a Flood Risk Assessment

    How to Complete a Flood Risk Assessment The purpose of a flood risk assessment (FRA) is to evaluate the likelihood…

    Home Maintenance and Insurance for Homeowners: Are They Connected?

    Does homeowners insurance cover preventative maintenance? Not typically – homeowners insurance covers repairs that are necessary due to sudden and…

    What consumers need to know about unauthorized Marketplace plan changes

    In this article HealthCare.gov policyholders at risk Scammers circumvent consumers protections The damage to affected Marketplace buyers Factors that led…

    Domestic partner health insurance: a coverage option for unmarried couples

    In this article What is a domestic partnership? Which states recognize domestic partnerships? Are domestic partner health benefits the same…

    DACA news: 100,000 Dreamers become eligible for Marketplace health insurance

    UPDATE, Dec. 28, 2024: The stay has been vacated. As a result, DACA recipients in Alabama, Arkansas, Florida, Idaho, Indiana,…

    Georgia switches to state-run health insurance Marketplace for 2025 coverage

    In this article How do Georgia residents currently enroll in Marketplace coverage? Can residents use Georgia Access to enroll in…

    Finalized federal rule reduces total duration of short-term health plans to 4 months

    A finalized federal rule announced by the Departments of Treasury, Health and Human Services, and Labor in March 2024, has…

    ACA open enrollment: what’s new for 2025

    In this article DACA recipients will be eligible to use the Marketplace Georgia switches to state-run Marketplace platform State-funded health…

    How sunsetting ARP’s subsidy enhancements would affect ACA subsidy amounts

    In this article What’s next for Marketplace health insurance subsidies after 2025? How have ARP’s subsidy enhancements affected eligibility for…

    Four reasons to not wait until January to enroll in an ACA health plan

    Reasons to enroll in an ACA health plan by December 15? Delaying your enrollment might mean no coverage in January…

    Can a new President make health policy changes on ‘Day One?’

    In this article How can a President start making changes on ‘Day One?’ How quickly can a President make policy…

    HMO vs PPO vs POS vs EPO: What’s the difference?

    Key takeaways What is managed care? And why do health plans have managed care designations? Four types of managed care…

    How Can You Get Your Car Towed for Free?

    So you need to tow your car but don’t want to pay a fortune. What can you do? Fortunately, there…

    Do Insurance Companies Go After Uninsured Drivers?

    If you are involved in an accident with an uninsured driver, your insurance company could go after the uninsured driver.…

    How to Cancel a Gap Insurance Policy and Get a Refund

    You may have gap insurance on your new vehicle. If you have gap insurance, then you may be able to…

    How Changing Your Address Affects Auto Insurance

    If you move to a new address, your car insurance could change significantly. A new ZIP code could raise or…

    Can I Raise My Deductible to Save on Car Insurance?

    Some insurance experts recommend raising your deductible to save on car insurance. But can raising your deductible really lower premiums?…

    Who Do I Call If I Lock My Keys In My Car?

    Everyone makes mistakes. If you lock your keys in your car, you have multiple ways to solve the problem. You…

    What Is the Average Settlement Amount for a Rear-End Collision?

    If you have been involved in a rear-end collision, then you may be entitled to compensation. The average rear-end collision…

    Can I Sue My Insurance Company?

    You may or may not be able to sue your insurance company. After an accident, for example, you may only…

    What Are the Best Collector Car Insurance Companies?

    Collector cars have different insurance needs than ordinary vehicles. Maybe you only drive your collector car during the summer. Maybe…

    How Donald Trump’s Victory Will Impact Auto Insurance Rates

    Donald Trump’s 2024 presidential victory has raised questions across industries about what his return to office might mean. With a…

    Texas Man Sentenced to 13 Years in Prison for Multi-Million Dollar Insurance Fraud

    A Texas man was sentenced last week to more than 13 years in prison for constructing a $5 million insurance…

    People Moves: Incline P&C Group Adds Wafer as Independent Director

    Incline P&C Group, a leading insurance program market services firm, has elected Thomas Wafer to the Board of Directors of…

    Court Reduces Verdict for Michigan Gardener Whose Organic Lawn Was Destroyed

    A Michigan court struck down a large chunk of an $88,550 verdict for a Detroit-area organic gardener whose beloved clover…

    Engineering Company to Pay $53M to Settle Flint, Michigan Water Lawsuits

    An engineering company said Friday it has agreed to pay $53 million to settle all remaining lawsuits that alleged some…

    Google to Be Hit With EU Charges of Breaching Big Tech Rules, Sources Say

    Alphabet unit Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech…

    Europe Braces for Freeze of US Foreign Corruption Practices Act

    In recent years, Glencore Plc, Airbus SE and Credit Suisse have collectively paid more than $5.5 billion in fines for…

    NHTSA Laid Off 4% of Staff, Spokesperson Says

    The National Highway Traffic Safety Administration laid off 4% of its staff as part of a government-wide trimming of probationary…

    California Governor Asks Congress for $40B for LA Wildfire Relief

    California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area…

    Insurance Fraud – Brazen and Big

    Anyone who believes insurance is a dull industry is unfamiliar with recent fraud schemes so macabre they could be turned…

    SEC Closes Investigation Into Robinhood’s Crypto Arm Without Action

    Robinhood said on Monday the U.S. Securities and Exchange Commission had closed its probe into the firm’s crypto trading arm…

    Mangione Draws Crowd at First Court Hearing Since Arraignment

    NEW YORK (AP) — The defendant wore a bulletproof vest and shackles. A woman in the crowd wore a “Free…

    Maryland Report Says Many Workers Misclassified, Costing $59M in Comp Premiums

    Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than…

    Florida AG Sues Target, Claiming DEI Initiatives Misled Investors

    TALLAHASSEE, Fla. (AP) — Florida’s new attorney general filed a federal court lawsuit against Target on Thursday, claiming the discount…

    Georgia Tort Bill Advances After Kemp Makes Concession on Medical Costs

    ATLANTA (AP) — Georgia senators voted 33-21 on Friday to support Gov. Brian Kemp’s top-priority legislation to limit lawsuits, but…

    Snowy Roads Lead to Hundreds of Crashes in Virginia, North Carolina

    NORFOLK, Va. (AP) — Roads in Virginia and North Carolina remained treacherous Thursday as unusually heavy snow led to hundreds…

    EU Plans to Walk Back Key Planks of Toughest ESG Legislation

    The European Commission is proposing a significant watering down of what was arguably its most consequential piece of ESG regulation.…

    COVID-Like Bat Virus Discovered by Researchers in Chinese Lab

    Researchers at the Wuhan Institute of Virology in China said they discovered a new coronavirus in bats that enters cells…

    Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen

    Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth…

    EEOC Seeks to Drop Transgender Discrimination Cases

    Signaling a major shift in civil rights enforcement, the federal agency that enforces workplace anti-discrimination laws has moved to dismiss…

    Berkshire Hathaway Removes Diversity and Inclusion From Annual Report

    Warren Buffett’s Berkshire Hathaway on Saturday joined a growing list of American companies to publicly change their approach to discussing…

    Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials

    As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new…

    How Better Water Systems Can Help a City Survive The Next Firestorm

    Santa Rosa. Paradise. Boulder County. Lahaina. Los Angeles. All are places that have shown that American cities and their water…

    Washington Bill Would Provide Restitution for Policyholders Harmed by Insurers

    A bill to allow the Washington’s insurance commissioner to order restitution for policyholders harmed by insurance companies moved out of…

    Why Soft Skills Matter

    This issue reveals data and compensation insights gathered from Insurance Journal’s annual Agency Salary Survey. For the third year in…

    Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh

    Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024—marking the…

    Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024

    The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6%…

    Farmers Turn to Airbnb, Corn Mazes to Outlast Agricultural Downturn

    By Heather Schlitz A dead-end dirt road cutting through rural Wisconsin leads to a pasture dotted with shaggy-coated Highland cattle,…

    Declarations

    Los Angeles County Fires “We’re seeing total losses. We’re going out there and there’s really nothing to see. We’re maybe…

    Developing Leaders in Insurance Agencies

    Understanding the strengths and weaknesses of your team is crucial–especially for insurance agency owners. Recognizing personal limitations allows leaders to…

    Insider Secrets: Creating High-Converting Sales Funnels for Insurance

    Having a well-defined sales funnel is crucial for effectively attracting and converting potential clients. For insurance professionals, understanding and implementing…

    Travelers Posts 28% Increase in Q4 Net Income

    By Chad Hemenway The Travelers Cos. said fourth-quarter 2024 and full-year net income increased 28% and 67%, respectively, on strong…

    Salaries, Total Income Jump Again in 2024 But Satisfaction Continues to Decline

    By Andrea Wells Insurance agency owners, producers, and support staff on average made more money in 2024, but for two…

    Reflections and Observations: 5 Takeaways from 2024 to Build a Better 2025 and Beyond

    Last year seems like ancient history. Most people seem to have adjusted to the daily whirlwind of information, activity, and…

    My New Markets

    Restaurants Market Detail: Pacific Excess Insurance Marketing is a wholesaler/general agent with a specialty in restaurants and access to many…

    Building and Retaining Talent: Salaries, Benefits, Culture Matter but That’s Not Always Enough

    By Andrea Wells Independent agency owners, producers, and support staff continue to report higher pay, according to Insurance Journal’s national…

    Reviewing Historic Predictions

    Back around 2013 (the copy I have is not dated, so I might be off a year), McKinsey & Company…

    Buffett’s Berkshire Posts Record Profit on Insurance, Investments

    Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third…

    LA Mayor Removes Fire Chief in Fallout From Palisades Blaze

    Los Angeles Mayor Karen Bass removed Fire Chief Kristin Crowley, citing failures in the department’s response to the devastating Palisades…

    SEC to Drop Lawsuit Against Coinbase, Firm Says

    Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious…

    Ohio Ex-Police Officer Sentenced for Starting 26 Arson Fires in Wayne National Forest

    A former Ohio fire department administrator and police officer was sentenced in federal court here to 18 months in prison…

    People Moves: People Moves: Brown & Riding appoints Conyers, Jr. Energy Practice Leader

    Brown & Riding, headquartered in Dallas, appointed Robert Conyers, Jr., as energy practice leader. Conyers joined Brown & Riding in…

    People Moves: Alliant Hires Leadley, Pelletiere and Rhatigano as Commercial Surety VPs

    Alliant Insurance Services, headquartered in Irvine, California, hired Jeff Leadley, Glenn Pelletiere and Tom Rhatigan as senior vice presidents in…

    Hawaii’s Kilauea Again Spewing Lava in Its 10th Episode

    Kilauea volcano began shooting lava into the air once again on the Big Island of Hawaii. Kilauea, one of the…

    OID Announces Zip Codes for Strengthen Oklahoma Homes Grant Pilot Program

    The Oklahoma Department of Insurance shared eight zip codes for the initial pilot launch of OKReady, the Strengthen Oklahoma Homes…

    North Dakota Insurance Department Recovers Over $2M in 2024

    The North Dakota Insurance Department recovered over $2 million for policyholders across the state in 2024, helping over 1,500 customers,…

    Texas Bill Would Allow Vacant Offices to be Converted Into Dwellings

    As Texas’ major urban areas grapple with a glut of vacant offices, state lawmakers may make it easier to transform…

    AM Best: US P/C Industry Improves Despite 2024 Underwriting Loss

    The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in…

    Birkenstock Sandals Are Pieces of Design and Not Protected by Copyright: German Court

    Birkenstock sandals, which have evolved from a symbol of counterculture to a trendy fashion item, do not qualify as art…

    People Moves: Price Forbes Rebrands Turkey Operations, Making 3 Key Appointments

    Price Forbes, the London-based broker, has announced three key appointments in Turkey and a rebranding of its local business. Gökçen…

    Georgia Commissioner Proposes New Rules on Lithium Batteries, Mobile Homes

    The Georgia Office of insurance commissioner will hold a hearing March 20 on new rules regarding fire safety, including the…

    Tesla Recalls 380,000 Vehicles Over Power Steering Assist Issue

    Tesla said on Friday it was recalling nearly 380,000 vehicles in the United States due to a power steering assist…

    Chilean Men Charged With Burglarizing Homes of Mahomes, Burrow, Other Players

    ST. PETERSBURG, Fla. (AP) — Seven men from Chile have been charged in Florida federal court with orchestrating burglaries at…

    Woman Sues Georgia Fertility Clinic, Saying She Gave Birth to Another Woman’s Baby

    SAVANNAH, Ga. (AP) — Krystena Murray became pregnant after undergoing in vitro fertilization two years ago, and said she was…

    Intel Resolves Antisemitism Lawsuit, Case Is Dismissed

    A Jewish former employee of Intel has resolved his lawsuit accusing the chipmaker of firing him after he complained about…

    People Moves: Chesapeake Employers’ Insurance Names Swartz Chief Growth Officer

    Chesapeake Employers’ Insurance Company, headquartered in Towson, Maryland, named Jodi M. Swartz as the company’s senior vice president and chief…

    Sweden Investigates Possible New Breach of Baltic Sea Cable

    Sweden is investigating a possible breach of an undersea cable off the country’s southwestern coast in the Baltic Sea, the…

    Pro-Russian Hackers Attack Italian Websites After President’s Comments About Ukraine

    A pro-Russian hacker group attacked Italian government websites on Tuesday [Feb. 18] in what it said was a reaction to…

    Climate Goals Still Make Business Sense, Rio Tinto CEO Says

    Rio Tinto Group, the world’s second-largest mining company and a major polluter, came out in support of corporate efforts to…

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