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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.

    Viewpoint: Cyber Risk and AI – The Changing Landscape

    Newswise — In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors…

    Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions

    Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O…

    Australia Bans DeepSeek From Government Tech Over Security

    Australia has banned DeepSeek AI services from all government systems and devices, becoming one of the first countries to take…

    UK Commits £2.65 Billion to Tackle Rising Flood Risk

    The UK will spend £2.65 billion ($3.31 billion) on flood defenses to protect homes from the growing risks posed by…

    Allianz, IAG Said to Mull Bids for Top Western Australia Insurer

    Insurance firms Allianz SE and Insurance Australia Group Ltd. are among parties considering bidding for Western Australia’s top insurer, according…

    People Moves: AXA XL Hires Bakker for Environmental Post; Tokio Marine HCC Appoints Gaine Head of N.A. Distribution

    AXA XL Hires Bakker as Head of Environmental Package Solutions, Middle Market, Americas AXA XL in the Americas hired Peter…

    US Congress to Form Cryptocurrency Working Group

    U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers…

    Weinstein Wants Mangrove to Be Big Player in Florida, Focused on Mid-Market

    Stephen Weinstein, a Harvard-trained lawyer, has spent more than two decades with Renaissance Re, as chief legal officer and executive…

    LA Wildfire Losses Seen as High as $164 Billion, UCLA Says

    Economic losses from the fires that tore through Los Angeles County in January range from $95 billion to $164 billion,…

    Jupiter Launches $1M in Added Capacity Above FAIR Plan for California Homeowners

    Jupiter Risk Services has launched its Jupiter Private Client Excess Homeowners Insurance (XS Homeowners), a property insurance product providing up…

    California Food Distributor Settles False Claims Liability for Small Business Contracting Violations

    The GS Foods Group Inc. in Ontario, California, agreed to pay more than $949,000 to settle allegations of False Claims…

    VIDEO: New York Ad Campaign Targets ‘Hidden Tax’ Driving Up Insurance Costs

    A group calling for reforms to lower insurance costs across New York has launched its first ad. The newly-formed Citizens…

    Investigators View ‘Expansive’ Impact of Medical Plane Crash in Philadelphia

    The impact area where a medical transportation plane crashed in Philadelphia was notably “expansive,” U.S. Transportation Secretary Sean Duffy said…

    Delaware Supreme Court May Have Made It Easier for Some Firms to Leave State

    The Delaware Supreme Court on Tuesday issued a decision involving TripAdvisor that could make it easier for some companies to…

    Boston Eyes Requiring Permits, Insurance for Major Food Delivery Apps and Their Drivers

    Boston Mayor Michelle Wu has filed an ordinance with the City Council to require the largest food delivery apps such…

    A Steady Transformation to Drive Profitability: Optimizing Underwriting Insurance Inspection Workflows

    This post is part of a series sponsored by CoreLogic. An insurance organization is composed of so many little pieces…

    ‘It’s Surreal’: Trump’s Freeze on Climate Money Sows Fear and Confusion

    When President Donald Trump’s administration last week shut off the spigot of federal grant money, which a federal judge said…

    Orion180 Launches FLEX Home Insurance in Texas

    Orion180 announced that its FLEX Home Insurance product is now available in Texas. Orion180 said that FLEX is designed to…

    King Risk Partners Acquires Ohio’s Barker, Beck, Collins & Kronauge Agency

    King Risk Partners announced the acquisition of Barker, Beck, Collins & Kronauge Agency (BBC&K), an independent insurance firm in Dayton,…

    Washington Crash Investigators Complete Interviews, Probe Plane Wreckage, Flight Logs

    The National Transportation Safety Board said on Monday it has completed interviews with air traffic controllers in its investigation into…

    Maryland Supreme Court Upholds Child Victims Act

    The Maryland Supreme Court, in a 4-3 ruling, has upheld the Child Victims Act as constitutional. The Child Victims Act…

    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%…

    Texas Regulators Grapple With Plugging Leaky Abandoned Wells

    In arid West Texas, water seeps and bubbles from old wells, sometimes carrying oil, brackish water or other pollutants to…

    Chicago Sued by White Men Barred From Bally’s Casino Investment

    Bally’s Corp. and the City of Chicago were accused of discriminating against White men in a lawsuit by a conservative…

    WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5%

    WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million…

    Ryan Specialty Completes Buy of Velocity Risk Underwriters

    Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by…

    Bessent to Be Acting CFPB Head, Pauses Rules and Litigation

    Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential shift…

    Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds

    Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week,…

    Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake

    Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal…

    China Hits Back With Targeted Tariffs After Trump Imposes New Levies

    China on Tuesday imposed tariffs on some U.S. imports in a swift response to new U.S. duties on Chinese goods,…

    Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

    The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within…

    Securities Class Actions Increase Again in 2024; AI-Related Filings Double

    The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings…

    AI, Cybercrime Perceived as Top Insurance Risks: Kennedys

    Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive…

    People Moves: Aspire Names Adams VP of Product

    Aspire named Isaac Adams vice president of product. Adams most recently served as Aspire’s chief marketing officer. He previously served…

    New Jersey Man Sentenced for Heading Stolen Vehicles Conspiracy

    A New Jersey man has been sentenced to 57 months in prison for his role in a conspiracy to receive,…

    Insurer Seeks to Exit $30 Million Wrongful Death Lawsuit Over Boy’s Fatal Shooting

    An insurance company says it is not obligated to defend or indemnify the owners and managers of a Memphis apartment…

    California Faces Mudslide Threat From Flooding Rains After Wildfires

    Weeks after wildfires that killed at least 29 people and destroyed entire neighborhoods, Southern California is facing another extreme-weather threat:…

    Man Charged With Filing $50K in Fraudulent iPhone Insurance Claims

    A Connecticut man has been arrested and charged with insurance fraud for allegedly running a scam involving filing fraudulent insurance…

    North Carolina Officials Issue Urgent Plea for More Hurricane Recovery Funds

    North Carolina officials charged with leading recovery efforts in western North Carolina after Hurricane Helene — as well as parts…

    Breaking Open the Compliance Black Box: How M3 Insurance Took Back Control of Producer Licensing with AgentSync

    This post is part of a series sponsored by AgentSync. When M3 Insurance began rapidly expanding its distribution channels, its…

    State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires

    State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases,…

    Child Killed in Hyperbaric Chamber Explosion at Michigan Medical Facility

    A pressurized oxygen chamber exploded Friday, killing a 5-year-old patient and injuring his mother at a suburban Detroit medical facility.…

    Texas Stock Exchange Raises $161 Million, Sees 2026 Trading Start

    TXSE Group Inc., parent company of the proposed Texas Stock Exchange, closed its initial fundraising round at $161 million and…

    Louisiana Parish Cleared of Violating Environmental Activist’s Freedom of Speech

    Louisiana parish officials who threatened to arrest and imprison an environmental activist as she attempted to speak during a public…

    Lawsuit Alleges City Failed to Protect Revelers in New Orleans Truck Incident

    A group of victims of the New Orleans New Year’s Day terror attack have filed suit against city officials and…

    Minneapolis Pays $600K Settlement in Excessive Force Lawsuit with Ex-Officer Chauvin

    The city of Minneapolis has agreed to pay $600,000 to settle a lawsuit by a woman who alleged that ex-Officer…

    Gallagher Bassett Buys London-Headquartered W K Webster & Co.

    Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K…

    Miller Agrees to Acquire AHJ Holdings

    Miller, the London-based specialist re/insurance broker, announced it has agreed to acquire AHJ Holdings Ltd., the ultimate parent company of…

    LinkedIn Lawsuit Over Use of Customer Data for AI Models Is Dismissed

    A proposed class action accusing Microsoft’s LinkedIn of violating the privacy of millions of Premium customers by disclosing their private…

    The Hartford Sees Q4 Net Income Rise 11%, Strengthens GL Reserves

    Net income at The Hartford increased 11% to $848 million in the fourth quarter 2024, driven by premium growth in…

    Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

    Brand new Florida home insurer Mangrove Property Insurance Co. has received a Financial Stability Rating (FSR) of “A, Exceptional” from…

    Amid Clean up From LA Wildfires, Some Residents Furious Over Hazardous Waste

    Not far from where Ceci Carroll lives, a rock-mining company has polluted the air with dust across the San Gabriel…

    New York Recovers $11 Million in Stolen Cars and Parts, Lost Titles

    The New York State Department of Motor Vehicles said it helped consumers recover more than $11 million in stolen vehicles,…

    Near-Misses at Washington Airport Worried Pilots Long Before Fatal Crash

    U.S. commercial pilot Rick Redfern was preparing to land at Reagan Washington National Airport about a decade ago when he…

    Australia Urges Residents in Northeast to Evacuate on Flood Risk

    Australian officials urged residents in the northeastern city of Townsville and adjacent areas to evacuate as torrential rains raised the…

    UK Warns DeepSeek Users of Data Risks But Won’t Yet Ban It

    As governments grapple with what to do about DeepSeek, China’s hot new AI model — including outright bans — the…

    Property-Catastrophe Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs

    RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should…

    City of London Hit Harder Than Rest of Economy Since Brexit Vote

    The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the…

    SEC’s Republican-Led Commission Tightens Oversight of Probes, Sources Say

    Lawyers at the U.S. Securities Exchange Commission (SEC) have been told they need to seek permission from the politically appointed…

    North American Companies Brace for Fallout From Tariffs

    For North American companies, the “wait and see” moment on tariffs is over. U.S. President Donald Trump imposed a 25%…

    Trump Fires Biden’s Consumer Protection Watchdog Rohit Chopra

    Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration,…

    Tesla Sees Another Quarterly Decline in California Auto Sales Report

    Tesla sales fell in California in the fourth quarter of 2024, bringing down overall sales of the popular vehicle further…

    Will Georgia Gov. Kemp’s Move to Curb Lawsuits Keep Insurance Rates From Rising?

    Georgia Gov. Brian Kemp on Thursday reiterated his simple pitch for lawsuit limits: They’ll halt rising insurance costs. The reality,…

    Record Levels of Forever Chemicals Found in Wildlife Near New Mexico Base

    Environmental regulators and health officials in New Mexico are warning hunters that harmful chemicals known to cause cancer in people…

    North Carolina Supreme Court Allows 2 Year Window for Child Sex Abuse Suits

    North Carolina’s highest court upheld on Friday a law that gave adult victims of child sexual abuse two additional years…

    Medical Transport Plane Crash in Philadelphia Leaves 7 Dead, 19 Injured

    A Medevac plane that crashed in Northeast Philadelphia killed one person on the ground and left 19 others hospitalized, in…

    Inszone Acquires Texas Classic

    Inszone Insurance Services announced the acquisition of Texas Classic Insurance Agency, Inc. This transaction further strengthens Inszone’s foothold in Texas…

    Willis Takes Donnelly From Marsh to Head North America Risk & Broking

    Willis said it has hired veteran leader Pat Donnelly as head of risk & broking (R&B) in North America. Donnelly…

    Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs

    Norfolk Southern’s solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re…

    Tri-State Region Blood Center Hit With Ransomware Attack

    One of the country’s largest blood donor and research centers has suffered a ransomware attack. The New York Blood Center…

    Texas Dairy, Poultry Producers Grapple With Bird Flu

    Just as quickly as the bird flu is spreading, the virus is changing. Nearly three years ago, a flock of…

    AM Best Revises Outlook to Positive for RLI

    AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior)…

    Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024

    Aon reported net income attributable to shareholders of $716 million during the fourth quarter, a 44% increase from the $498…

    Hawaii Wildfire Victims Spared From Testifying After Deal Over $4B Settlement

    Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial that was scheduled to begin…

    Howden Said in Talks to Buy Insurance Broker Risk Strategies

    Howden, one of the world’s largest closely held insurance brokers, is in talks to acquire Risk Strategies, according to people…

    Corporate ‘Irritation’ Over ESG Fueled by Significant Costs

    As ESG rapidly morphs into one of the least-loved labels in global finance, those monitoring the development say it’s not…

    DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days

    Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by…

    Floods in France Force Evacuations and Cut Power to Homes

    Flooding caused by Storm Herminia forced the evacuation of thousands of people in northwest France, while hundreds of homes remain…

    Australia Braces for Life-Threatening Floods as Six Storms Brew

    Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to…

    Brazil Insurer Porto Seguro Eyes Partners for Health Business, Sources Say

    Brazilian insurance group Porto Seguro is in talks with private equity funds to possibly sell a minority stake in its…

    Europe’s Insurers May Face New Capital Rules for Climate Risk

    Europe’s insurance watchdog has called for a recalibration of capital requirements to reflect rising climate-driven disasters across the continent. The…

    People Moves: Tarby Moves to Permanent Plymouth Rock CEO; Inszone Insurance Creates Three Regional President Roles

    Plymouth Rock Assurance, headquartered in Boston, named Ethan Tarby as president and CEO of Plymouth Rock Assurance Corporation. Tarby served…

    Insurance Group Touts Major Victory Over FCC Rule That Would Have Limited Robocalls

    A federal appeals court and the Federal Communications Commission, in one of its first actions under the new presidential administration,…

    Dubai Developer Plans Luxury Condo Project on Site of 2021 Surfside Collapse

    SURFSIDE, Fla. (AP) — A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site…

    Killed Florida TV Reporter’s Parents Sue His Employer, Charter Communications

    ORLANDO, Fla. (AP) — The parents of a local TV journalist who was fatally shot while reporting on a killing…

    People Moves: Newfront Names Maisonet Chief People Officer; BenefitMall Adds Kealamakia in Mountain West

    Newfront Promotes Maisonet to Chief People Officer Newfront promoted Paige Maisonet to chief people officer. Maisonet oversees talent acquisition, people…

    Pennsylvania Says It Blocked $180 Million in Auto, Home, Other P/C Insurance Hikes

    The Pennsylvania Insurance Department (PID) reported that in 2024 it refused to approve $180.3 million in annual property/casualty (P/C) insurance…

    World Insurance Associates Acquires Stern Insurance Group in Arizona

    World Insurance Associates LLC has acquired the business of Stern Insurance Group in Scottsdale, Arizona. SIG was founded in 1987…

    Diminished Value Not Covered by Standard Auto Policy, Massachusetts High Court Says

    The Massachusetts standard auto policy does not require an insurer to pay inherent diminished value (IDV) to a claimant whose…

    Woman Found Guilty of Arson After Trying to Burn 3 Homes in Hamptons

    A jury found an East Quogue, New York woman guilty of arson for attempting to set three homes on fire…

    Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries

    Ride-sharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it…

    Insurance Payouts at $4 Billion and Counting for LA Wildfires

    Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the…

    FAA Issues Urgent Guidance for General Aviation Pilots During New Orleans Super Bowl

    The Federal Aviation Administration is issuing guidance to general aviation pilots flying near New Orleans from Feb. 6-11, 2025 to…

    Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI

    Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed…

    Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance

    Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater…

    Musk’s DOGE Effort Spurs Copycat Push in Texas With New Bills

    Texas Lieutenant Governor Dan Patrick wants to follow in the footsteps of Elon Musk. The state’s powerful Republican announced on…

    Florida-Based Brown & Brown Reports Stronger Profits for 2024

    DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $210 million, down…

    Marsh McLennan Reports Organic Growth of 7% During Q4 and Full-Year 2024

    Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year…

    OSHA Fines GE Appliance Maker Max Amount in Death of Alabama Worker

    Safety regulators fined a GE appliance manufacturer the maximum amount allowed by law in the 2024 death of an Alabama…

    American Airlines Plane Collision Leaves No Hope for Survivors

    The collision between an American Airlines Group Inc. regional jet and a military helicopter near Ronald Reagan airport in Washington…

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