Tips & Guide

Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial…

People Moves: Arbella Insurance Group Appoints Brady as Next CEO as Donohue Retires

Arbella Insurance Group, headquartered in Quincy, Massachusetts, named Executive Vice President and Head of Claim Paul Brady as CEO, effective…

Judge Allows Lobster Fishermen to Sue Environmental Group for Defamation

A group of lobster fishermen can sue one of the world’s largest seafood watchdog groups for defamation, a federal court…

Hub Acquires Wine Industry Specialist MIV in California

Hub International has acquired the assets of Malloy Imrie & Vasconi Insurance Services LLC in California’s Napa Valley. Partners Timothy…

Justice Department Launches Hostile Workplace Probe into University of California

The Justice Department opened an investigation into the University of California to determine if the UC system has allowed an…

What is Insurtech and How is it Transforming the Insurance Industry?

This post is part of a series sponsored by Darkhorse Insurance. This remarkable transformation is challenging the status quo and…

Florida Tort Reform: Happy Second Birthday

March 24 will mark two years since Republican Florida Governor Ron DeSantis signed tort reform measures into law. HB 837…

Los Angeles County Sues Utility Edison Over Deadly Wildfire

Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most…

Weathering the Storm: Key Insights from the 2025 CoreLogic® Severe Convective Storm Risk Report

This post is part of a series sponsored by CoreLogic. As property insurance costs continue to rise, homeowners and insurers…

Aon’s NFP Acquires Lyons Insurance in Delaware

Property/casualty middle-market insurance broker NFP, an Aon company, recently announced its acquisition of Lyons Insurance Agency, Inc., a multiline insurance…

AM Best Revises Outlook to Stable for Ohio’s Westfield

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed…

APCIA: Tariffs to Hurt Families and Business Owners, Affect Affordability

The president and CEO of the American Property Casualty Insurance Association issued a statement calling the tariffs on Mexico, Canada,…

Supreme Court Hears Texas Nuclear Waste Storage Dispute

The U.S. Supreme Court was hearing arguments on Wednesday on whether the Nuclear Regulatory Commission has the authority to license…

Markets/Coverages: Ryan Launches Specialty National Programs Group

Global specialty insurance firm Ryan Specialty is launching a new practice group focusing on specialty, class specific package business on…

Trump’s Return Prompts Companies to Stifle Climate Talk With ‘Greenhushing’

As the chief executive officer of Caelux, Scott Graybeal runs a technology startup in Baldwin Park, California, that makes high-efficiency…

Florida E&S Market Leveling Off After Years of Growth, FSLSO Data Show

The steady growth in excess and surplus lines’ business in Florida appears to be leveling off, another sign that the…

Kroger Chairman and CEO Resigns Following Investigation Into Personal Conduct

Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest…

Rain in Carolinas May Dampen Wildfires But Threat of Tornadoes, More Fires Looms

The Carolinas saw some much-needed rainfall Wednesday morning, helping to quell wildfires that had burned more than 2,600 acres –…

Floods in Indonesia’s Capital Displace Thousands, Shut Factories

Torrential rain triggered heavy flooding in Indonesia’s capital Jakarta and nearby cities, affecting more than 60,000 people and shutting down…

Marsh Acquires Milan-Based Brokerage Fontana Rava-Toscano & Partners

Marsh, the insurance brokerage business of Marsh McLennan, announced that it has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based…

Frito-Lay Employee’s Injury in Hoops Tourney Ruled Out of Bounds for Workers Comp

A forklift driver for Frito-Lay who injured his achilles tendon playing in a company basketball game is not covered by…

Australia’s Insured Losses From Cyclone Alfred Could Top A$2Billion: S&P

Australia’s largest property and casualty (P/C) insurers should be well placed to manage claims stemming from tropical cyclone Alfred, which…

AM Best Downgrades Vermont Mutual to ‘A’ Rating; Cites Improvements in 2024 Results

AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings…

Progressive’s Margins Leave Room for Tariff Impacts: CEO

With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room…

CFPB Drops Suit Against US Banks Over Alleged Fraud on Zelle

The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly…

Texas Reports 13 New Measles Cases as CDC Arrives in State

Texas reported 13 new cases of measles Tuesday even as the US Centers for Disease Control and Prevention is sending…

Scientists Predict Major Quake in Chile’s Mineral-Rich North

Fifteen years ago on February 27, a devastating 8.8 magnitude quake struck southern Chile off the coast of Concepcion, shaking…

Cyclone Forces Australian Evacuations as Brisbane Braces for Hit

Millions of Australians are bracing for a direct hit from a tropical cyclone heading toward the nation’s third-biggest city, with…

Artmeis Announces Partnership With Louisiana’s Ozark

Artemis Insurance, a full-service insurance agency and the new parent brand of Texan Insurance, announced its partnership with Louisiana-based Ozark…

Kin Launches Home Insurance Product in California

Kin, a direct-to-consumer, digital home insurance provider, has expanded into California with a homeowners insurance product. The policies in California…

California Highway Patrol Blames Drug Use, Speeding for Cybertruck Crash That Killed 3

Drug use and excessive speed were to blame for last year’s fiery crash of a Tesla Cybertruck that killed three…

Your Underwriter Says You Need a CPA-Prepared Statement. What Now? Part III

This post is part of a series sponsored by Old Republic Surety. Construction accounting is complex. Getting guidance on the…

Pathway to a Surety Career

This post is part of a series sponsored by IAT Insurance Group. Are you looking for a dynamic and rewarding…

King Risk Partners Acquires Rhode Island’s Insurance Center

Fast-growing insurance broker King Risk Partners has acquired The Insurance Center, an independent insurance agency in Warwick, Rhode Island. Terms…

Arthur J. Gallagher to Acquire Woodruff Sawyer in California for $1.2B

Arthur J. Gallagher & Co. has signed a definitive agreement to acquire San Francisco, California-based Woodruff Sawyer for $1.2 billion.…

Liberty Mutual to Sunset Safeco Brand in 2026

Safeco Insurance will stop being a brand name in 2026, and Liberty Mutual Insurance will sell all of its personal…

Ohio to Cut Private Employer Workers Comp Rates by 6%

The Ohio Bureau of Workers’ Compensation board of directors announced a 6% rate cut for private employees effective July 1,…

Iowa Sues Bitcoin Depot and CoinFlip Over Millions Lost to Crypto Scams

Iowa Attorney General Brenna Bird last week announced lawsuits against Bitcoin Depot and CoinFlip, Iowa’s two largest cryptocurrency ATM operators,…

Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo

Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., Ltd. (MSI), a member of…

People Moves: Wilson Named Deputy Chair of Argenta Syndicate Mgmt as Whiter Steps Down; Specialty MGA UK Hires Hussain as Head of Political, Credit Risk

This edition of International People Moves details appointments at Argenta Syndicate Management and Specialty MGA UK. A summary of these…

Texas Beekeepers Facing Soaring Bee Losses, Threatening Agriculture Industry

Since starting their beekeeping business southwest of San Antonio in late 2019, the Wheeler family has aimed to produce about…

Hazardous Cargo Secured From Ship Grounded on Canada’s East Coast

The hazardous cargo and fuel on a ship that ran aground in Canada last month has been contained, according to…

Firings at NOAA Risk Lives and Economy, Former Agency Heads Warn

The federal weather and oceans agency touches people’s daily lives in unnoticed ways, so massive firings there will likely cause…

Airlines Want Less Helicopter Traffic Near Washington Airport

A group representing U.S. airlines plans to urge federal aviation officials to permanently reduce helicopter traffic around Reagan National Airport…

UK’s Specialist Risk Group Acquires Specialist Schemes Broker, Brentacre Insurance

Specialist Risk Group (SRG), the London-based insurance intermediary, announce the acquisition of Brentacre Insurance, a specialist broker with deep expertise…

Brookfield to Enter UK Pension Insurance Mkt as Companies Offload Pension Liabilities

Brookfield Wealth Solutions is entering the UK pension insurance market, it said on Monday, as the Canadian financial giant looks…

Trump Commerce Secretary Plans to Strip Government Spending From GDP Data

U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP)…

At Supreme Court, Gun Companies Aim to Avoid Blame for Arming Mexico’s Drug Cartels

The U.S. Supreme Court was set on Tuesday to hear a bid by two American gun companies to throw out…

Australia Braces for Rare Cyclone to Hit Busy East Coast

A large swathe of Australia’s east coast is preparing for strong winds and life-threatening flooding from a tropical cyclone that’s…

Car Prices Expected to Surge on Trump’s New Tariffs

Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers…

Arthur J. Gallagher & Co. Acquires New Zealand-Based RMA General Ltd.

Arthur J. Gallagher & Co. announced the acquisition of New Zealand-based RMA General Ltd. (RMA) and its associated insurance broking…

Gender Pay Gap Endures in Australia’s Financial and Insurance Sectors

Pay for women and men at firms in Australia’s financial and insurance services sector remains among the most unequal, according…

Crews Battle Wildfires Across Parts of North and South Carolina

South Carolina’s governor declared a state of emergency this week as dozens of wildfires burned across parts of North and…

Italian Businessman Caltagirone Raises Stake in Generali to 8%, MF Daily Says

Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday,…

Texas Lawsuit Alleges GEICO Raises Premiums Despite Accident Forgiveness Promise

A class action lawsuit filed in Texas alleges GEICO doesn’t abide by its Accident Forgiveness program when a driver with…

Kraken Is Latest Crypto Firm to Say SEC Agrees to Drop Lawsuit

Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange,…

Verisk Webinar Highlights Emerging Psychoactive Substance Risks

As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and…

New England Waters Warming More Slowly But Temps Remain High

SCARBOROUGH, Maine (AP) — The waters off New England had another warm year but didn’t heat up as fast as…

After Breakup With Spring Breakers, Miami Beach Says No to Getting Back Together

MIAMI BEACH, Fla. (AP) — Miami Beach broke up with spring break last year and city leaders still aren’t interested…

With Unrevealed Previous Injury, Later Claim Cannot be Denied, Georgia Court Says

Defending workers’ compensation claims from employees who have not disclosed previous injuries may have just become a little more complicated…

Florida Seeks Personal Prescription Data From Drug Middlemen

Florida insurance regulators have asked companies to hand over extensive amounts of data on people’s pharmacy claims, including personal information…

No Time Limit on Adding Dependent to Open Workers Comp Claim: NH High Court

Adding a dependent to an open workers’ compensation death benefits claim does not constitute a separate claim, the New Hampshire…

Fertilizer Manufacturer Fined $400K for Washington Worker Death from Toxic Gas

A fertilizer manufacturer has been fined $394,200 for the death of a worker killed by toxic gasses at a work…

4 Killed in Arizona Highway Crash of Multiple Tractor-Trailers

Authorities in Arizona are investigating a crash that killed four people and left two in critical condition after several tractor-trailers…

Delaware Program Cuts Crop Insurance Premiums for Farmers Up to 30%

Delaware has begun a program that promises to reduce premiums for 2025 crop insurance plans for producers who had an…

Path to Profitability: Market Risks Facing Agencies and Carriers for Medicare Open Enrollment 2025

This post is part of a series sponsored by AgentSync. At first glance, having the most profitable Medicare season comes…

Missouri Man Admits to Stealing Railroad Equipment on 33 Occasions

A Missouri man on Friday admitted stealing railroad equipment on 33 occasions in Missouri and Illinois, costing railroads more than…

Drake Settles With Texas-Based iHeartMedia Over ‘Not Like Us’

Drake has reached a settlement with Texas-based iHeartMedia in his ongoing legal dispute over Kendrick Lamar’s diss track “Not Like…

Arthur J. Gallagher & Co. Acquires Minnesota’s Dyste Williams

Arthur J. Gallagher & Co. has announced the acquisition of Dyste Williams, a Minneapolis-based retail insurance agency. The acquired company…

AM Best Concerned D&O Prices ‘Fell Too Far, Too Quickly’

Insurance industry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect…

Critical Fire Conditions to Grip Texas’ Oil-Rich Permian Basin

Critical to extreme fire conditions are expected to affect more than 2.7 million people across the Southwest, lower Great Plains…

People Moves: Novatae Risk Group Names Greggains President

Novatae Risk Group, headquartered in Dallas, named Nick Greggains as president. Greggains is a member of the executive leadership team…

Chubb to Buy Liberty Mutual Thailand, Vietnam Insurance Assets

Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.’s businesses in Thailand and Vietnam in a deal that would help…

Mountain West Conference Seeks Mediation Over $55M in Dispute in Poaching Suit

The Mountain West Conference said it is seeking mediation in the lawsuit the Pac-12 filed against it in an attempt…

Georgia Lawmakers Must Now Fix Differences on Bill to Boost Hurricane Helene Relief

ATLANTA (AP) — Georgia’s state Senate wants to boost spending on Hurricane Helene relief even more, including creating a grant…

Maryland’s Largest Workers Comp Insurer Files for 8% Rate Cut

Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April…

State Farm 2024 Underwriting Losses Shrink on Auto Results

After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss…

Consumer Trust Issues Hinder Industry Efforts to Close Protection Gap: Survey

Most insurance executives surveyed last year believe they have “an ethical obligation” to close the protection gap—and also believe that…

Price Forbes Re Taps Aon’s Power for Alternative Risk and Capital Solutions; AXA XL Promotes Kilshaw as Head of Broker Mgmt., Alternative Distribution, UK & Lloyd’s

This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new…

UK Terrorism Reinsurer Pool Re Completes Expanded Retrocession Placement of £2.75B

Pool Re, Britain’s government-backed terrorism reinsurer, has completed placement of a new retrocession programme with more than 60 international reinsurers.…

Japan Battles Worst Wildfire in 40 Years Amid Record Dry Season

Japan is battling its worst wildfire in four decades, forcing thousands of people to flee amid some of the driest…

South Korea’s New Lithium Battery Rules on Planes Highlight Growing Risk for Aviation

South Korea tightened rules on carrying lithium batteries on planes from Saturday, highlighting a growing risk to flights worldwide from…

Optio Group Acquires Norwegian-Based Marine Hull Specialist MGA, S Insurance

Optio Group, the London-based independent specialty MGA, announced it has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an…

SEC’s ‘Demolition’ of Crypto Enforcement Met With Cheers as Well as Jeers

The US Securities and Exchange Commission has kicked off the new year with a makeover, wiping clean its slate of…

CFPB Data Imperiled by Cybersecurity Contract Cancellation, Ex-Official Says

The cancellation of nearly three-dozen cybersecurity contracts at the US Consumer Financial Protection Bureau endangers the security of sensitive data…

Tennessee Gynecologist Charged With Unnecessary Medical Procedures

MEMPHIS, Tenn. (AP) — A Tennessee gynecologist was arrested Friday and accused of performing unnecessary procedures on patients with re-used…

Computer Simulations Suggest Atlantic Current Shutdown Less Likely This Century

The nightmare scenario of Atlantic Ocean currents collapsing, with weather running amok and putting Europe in a deep freeze, looks…

Florida Bills Would Set up Limited Trust Fund for Home Hardening Grants

Florida’s chief financial officer, now a candidate for Congress, is backing a bill that would set up a trust fund…

Seattle Tunnel Subcontractor to Pay $370K to Underpaid Workers

A Seattle tunnel subcontractor will pay more than $370,000 in back wages after underpaying workers on the project. The Washington…

FedEx Cargo Plane Makes Emergency Landing After Bird Strike and Engine Fire

A FedEx cargo plane made an emergency landing at a busy New Jersey airport on Saturday after a bird strike…

J&J Spars With Foes of $9 Billion Talc Cancer Plan as Trial Ends

Johnson & Johnson told a judge its $9 billion proposal to settle baby powder cancer claims in bankruptcy court is…

Lawsuit Alleges GM Illegally Sold Arkansans’ Driving Data to Insurance Companies

Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans…

Trial Begins in Texas Pipeline Company’s Lawsuit Over Dakota Access Pipeline Protests

An attorney for a Texas pipeline company said Wednesday at trial that he will prove various Greenpeace entities coordinated delays…

Texas Lawmakers Introduce Legislation to Address Wildfire Risks and Ignition Sources

A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed…

Resilience: Third-Party Risk Involved in 31% of Cyber Claims

More merger-and-acquisition activity and technology consolidation have given cyber hackers plenty of entry points to exploit, making third-party cyber risk…

People Moves: Faynberg to Head Chubb’s Healthy Paws; D’Onofrio Promoted to Global CUO of Ryan Specialty Underwriting Managers

Westchester, Chubb’s excess and surplus lines company, said Alex Faynberg was appointed to executive vice president and head of pet…

Edison Says Wildfire Fund May Shield Balance Sheet From LA Fire Claims

California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is…

Energy Transer Fuel Leak in Pennsylvania Lasted 16 Months, PHMSA Says

A pipeline operated by Energy Transfer LP leaked jet fuel for at least 16 months, contaminating residential water wells in…

John Morgan Wants New Political Party, May Run for Governor of Florida

The man who has been as much of a litigation nemesis to Florida property and casualty insurers as anyone is…

Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming

Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season – despite concerns about adverse…