Tips & Guide

Alabama Lawmakers Advance Bill Making it Harder to Sue Police for Excess Force

MONTGOMERY, Ala. (AP) — Divisive legislation that would expand legal immunity for police officers who use excessive force or kill…

Boston’s Safety Insurance Show Fourth Quarter Profits

Safety Insurance Group Inc. (SAFT) on Tuesday reported profit of $8.1 million in its fourth quarter. On a per-share basis,…

Markets/Coverages: MGA Pen Expands International Cover for UK Recruitment Agencies

Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support…

British Drugmaker GSK Abandons Diversity Targets Following Trump Pressure

British drugmaker GSK will no longer set diversity targets, it said on Thursday, as it became the latest company to…

UK Sets Out Reforms to Address Failures in Grenfell Tower Fire

The UK set out a raft of reforms designed to improve building safety, as it aims to clamp down on…

US GDP Could Take a Big Hit From Climate Change by 2100, Study Shows

A working paper from the U.S. Congressional Budget Office recently estimated the distribution of changes in gross domestic product in…

ZestyAI: More Than $2 Trillion in US Homes at High Risk of Wildfires

While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the…

BIPA Litigation May Subside but Don’t Sleep on Compliance

Reforms in 2024 to Illinois’ Biometric Information Privacy Act may have slowed the frequency and severity of litigation, but there…

CFPB Drops Lawsuits Against Capital One, Rocket Unit

The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency…

Florida’s Baldwin Group Reports $20M Q4 Loss, Universal Earned $6M Profit

Two major, publicly traded Florida insurance companies reported fourth-quarter earnings, with the Baldwin Insurance Group, Inc. (BWIN) noting a loss…

Selectsys Acquires Expert Insured, with AI for Carriers, MGAs

Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management…

Connecticut Lawmakers Ban Use of Foreign-Made Drones by State, Local Agencies

HARTFORD, Conn. (AP) — Connecticut lawmakers passed emergency legislation this week prohibiting state agencies and municipalities from purchasing or using…

Florida’s Bad-Faith Claims Reform Law Not Retroactive, Appeals Court Says

A Florida appeals court has re-affirmed a major state Supreme Court decision, helping to answer lingering questions about whether the…

Washington Man Pleads Guilty to Insurance Fraud for Carpet-Cleaning Claim

A carpet-cleaning claim and a fake theft of a Hyundai has led to guilty pleas for two people for insurance…

Tesla Sets Sights on Waymo, Uber in California Ridesharing Bid

Tesla Inc. is seeking approval to offer ride-hailing services in California, a key step by Elon Musk’s company to begin…

Newsom Leans on Veteran Republican to Push $40 Billion California Fire Aid

California Gov. Gavin Newsom is enlisting veteran Republican lawmaker Ken Calvert to help push his $40 billion wildfire aid request…

Norfolk Southern Wins Dismissal of Bondholder Lawsuit Over Ohio Train Drailment

A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern NSC.N of causing hundreds of millions of dollars of…

AXA CEO Says Prevention Needed to Keep Home Insurance Affordable

A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed…

Templar Specialty Expanding Executive and Professional Liability Insurance Offerings

Templar Specialty announced that it is now expanding its executive and professional liability insurance offerings to include excess and A-side…

Texas Panhandle Town Grapples with Recovery One Year After Devastating Wildfire

Past the terracotta canyons and sloping hills in the Texas Panhandle is a colorful, small town center. A vibrant mural…

US Soldier Linked to AT&T Hack Accused of Contacting Spy Agency

A 21-year-old US soldier accused of trying to sell AT&T call records of Donald Trump’s family members also attempted to…

Why People Rebuild in Appalachia’s Flood-Ravaged Areas Despite Risks

On Valentine’s Day 2025, heavy rains started to fall in parts of rural Appalachia. Over the course of a few…

Philadelphia Tests Bullet-Resistant Glass to Protect City Bus Drivers

Philadelphia’s public transit system is moving forward with plans to test-run bullet-resistant glass enclosures for drivers on city buses, joining…

Mansion at Risk of Tumbling Into Cape Cod Is Demolished

A luxury home that had been on the verge of tumbling into Cape Cod Bay due to erosion has been…

Woman Pleads Guilty to Federal Charge in Plot to Sell Elvis’ Graceland Home

A Missouri woman pleaded guilty Tuesday to a federal charge accusing her of concocting a brazen plot to defraud Elvis…

Insurtech Root Finishes 2024 With First Yearly Profit

Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter…

People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance

This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows…

Swiss Re Corporate Solutions Unveils New Structure, Promotes McGrath as CUO

Swiss Re’s commercial insurance arm, Swiss Re Corporate Solutions, has unveiled a new organizational structure, aiming to serve corporates and…

AXA CEO Says Prevention Needed to Keep Home Insurance Affordable

A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed…

UK’s Aviva Beats Profit Estimates on Double-Digit Growth in General Insurance Premiums

British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its…

AXA Earnings Beat Estimates as it Avoids Worst of Los Angeles Fire Claims

French insurer AXA reported better-than-expected full-year earnings on Thursday, boosted by increased premiums from individual insurance policies and fewer claims…

Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires

Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million…

Viewpoint: Attracting and Retaining Gen Z to Quell the Insurance Talent Crunch

The last three years have exposed a growing challenge for insurance carriers: attracting, hiring and retaining young talent. Despite the…

AerCap CEO Sees No Quick Return to Russia if Market Reopens on Insurance Concerns

The head of the world’s largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used…

Oklahoma Supreme Court: Insurer Must Provide Direct Renewal Notice to Named Insured

After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to…

Prosecutor Says Golden Toilet Was Stolen From English Palace in ‘Audacious Raid’

It was not your typical smash-and-grab burglary and the booty was precious: a toilet worth more than its weight in…

IU Indianapolis Basketball Team Bus Catches Fire; Players Safe

Members of the IU Indianapolis men’s basketball team are unhurt and back home Monday, a day after their bus caught…

US Will Spend Up to $1 Billion to Combat Bird Flu, USDA Says

The U.S. will invest up to $1 billion to combat the spread of bird flu, as well as increase imports…

Maryland Woman Got $58K from USAA on Fake Water Claim. So She Tried Again.

A Maryland woman pleaded guilty to defrauding USAA Insurance out of more than $58,000 in water damage claims by using…

Statute of Limitation on Officials’ Surety Bonds Action is 3 Years, Georgia Court Says

Surety carriers providing bonds for elected officials in Georgia this week discovered that a statute of limitations on claims litigation…

Thieves Targeting Trains in California And Arizona Make off With $2M Worth of Nikes

Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting…

Woman Injured on Harry Potter Theme Park Ride in California Awarded $7.25M

A federal jury has awarded $7.25 million to a 74-year-old Arizona woman for a spine injury she suffered in a…

People Moves: The Liberty Company Names Martine VP, Producer; LP Names Santoni Director Commercial Lines

Martine Joins The Liberty Company as VP, Producer The Liberty Company named Derrick Martine vice president, producer, employee benefits in…

Marketing an Insurance Agency: Essential Strategies to Get Started

This post is part of a series sponsored by Darkhorse Insurance. Marketing an insurance agency can feel overwhelming, especially if…

Supreme Court Signals Backing for Straight Woman’s Bias Suit

The US Supreme Court signaled it will revive a job-bias lawsuit by a straight woman and make it easier in…

Breaking: Judge Dismisses Charges Against NJ Insurance Exec Norcross

In a prosecution that local news outlets had called “stunning,” a New Jersey judge has made an equally stunning dismissal…

NormanMax Agrees to Purchase Parametric Flood Specialist MGA, FloodFlash

NormanMax Insurance Holdings, the Miami-based provider of parametric re/insurance solutions, has agreed to acquire FloodFlash, the parametric flood managing general…

First Measles Death Reported in West Texas Outbreak

A school-aged child has died in Lubbock from measles, the first death reported in an ongoing outbreak that has infected…

Michigan Man Sentenced in Million-Dollar Unemployment Insurance Fraud Scheme

A man from Detroit, Michigan was sentenced last week for his role in a multi-state, million-dollar unemployment insurance fraud scheme…

Inszone Acquires South Dakota’s Kouri & Associates

Inszone Insurance Services announced the acquisition of Kouri & Associates Inc., a Sioux Falls-based agency with a legacy dating back…

Higginbotham Acquires EZ CERT from Program Insurance Group

Higginbotham announced an association with Program Insurance Group of Georgetown, Texas — also known as the home of EZ CERT,…

Europe’s Warming Ocean Current ‘Unlikely’ to Collapse This Century

A new study disputes a long-held fear that climate change will lead to a quick, total collapse of the Atlantic…

Lemonade CEO Declares ‘Best Quarter Ever,’ Posts Narrowed Q4 Loss of $30M

Insurtech Lemonade reported a fourth quarter 2024 net loss of about $30 million and a loss for the year of…

Fire Danger in LA Is All Around, But Signals to Residents Are Mixed

In the era of cutting-edge computer modeling, satellite data and AI, there has never been more abundant information on the…

Mississippi City Drops Lawsuit Over Editorial That Judge Had Ordered Removed

A Mississippi city dropped its lawsuit Monday against a newspaper that had its editorial criticizing local leaders removed by a…

Title Insurance Could Finally Come to New York Under Governor’s Budget Amendment

New York this year could become the 50th U.S. state to accept title insurance, after Gov. Kathy Hochul quietly submitted…

Warnings, Fines Fail to Stop Insurers and Banks From Overcharging Australian Clients

Last week the Federal Court fined Australia’s biggest superannuation company, AustralianSuper, A$27 million for overcharging customers. The company had breached…

Bank of America Scraps Diversity Goals in Latest Wall Street DEI Retreat

Bank of America Corp. is rolling back workplace representation targets and replacing references to diversity, joining peers in citing legal…

Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires

Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said…

S&P Puts State Farm General on CreditWatch

Potential downgrades of State Farm’s California homeowners insurer came closer to reality yesterday when S&P Global Ratings put the “AA”…

Smartwatches Measuring Mortality Risks Are New Tool for Insurers

Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data…

New York Dads Forgo $1.6 Billion in Paid State Leave, Study Says

New fathers are more likely to be eligible for state paid parental leave programs but less likely to take the…

Claims Service, Tech, Communication Top Independent Agent Concerns

Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according…

Trump’s Threat to EV Trucking Rules Undermines Big-Rig Bets

Two years ago, Rudy Diaz made a gutsy bet. The 45-year-old owner of Hight Logistics, a trucking company that hauls…

Meta Must Face Lawsuit Claiming it Prefers Cheaper Foreign Workers

A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers…

Big Threat? Payroll Companies Taking Insurance Biz Away from Agencies, Agents Warn

Insurance agents in Florida and beyond are finding that some of their toughest competition now seems to be coming from…

California Labor Commissioner Fines Homecare Company $2.3M

The California Labor Commissioner’s Office cited a homecare provider $2.3 million for misclassifying caregivers in a test of a new…

Bill to Study Insurance Rating Factors in Washington Moving Through State Legislature

A bill that would create a study on the impact of insurance rating factors in Washington, including credit history, is…

ECM Theft Is Skyrocketing—Here’s How to Stay Ahead

This post is part of a series sponsored by IAT Insurance Group. Late at night in the Fall of last…

Home of CEO of SAIF in Oregon Shot at, No Injures Reported

Various media outlets have reported shots were fired into the home of the head of Oregon worker’s compensation insurer SAIF…

Apple to Keep DEI Efforts, Though Some Adjustments Possible

Apple Inc. investors rejected an outside shareholder proposal to end the iPhone maker’s diversity, equity and inclusion efforts, though Chief…

Greenpeace Pushes Back Against Lawsuit Threatening Free Speech Rights in North Dakota Trial

A Texas pipeline company’s lawsuit accusing Greenpeace of defamation, disruptions and attacks during protests against the Dakota Access Pipeline goes…

Texan Insurance Introduces Artemis as New Parent Brand

Texan Insurance, a provider of personalized insurance solutions in Texas, announced the launch of Artemis Insurance as its new parent…

Study Finds High Rates of Cancer Near Hazardous San Jacinto River Waste Pits

Texans living in a 250-square-mile area of Harris County that includes a hazardous Superfund site had abnormally high rates of…

AM Best Revises Outlook to Negative for Michigan’s Hastings

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

Scam Calls Hit Record in Thailand Before Cyber Fraud Crackdown

Thailand saw the number of scam calls and text messages more than double to a record 168 million in 2024…

People Moves: Allianz Commercial Appoints Contreras Portfolio Solutions Leader; Risk Strategies Names Simon Managing Director, Private Equity

Allianz Commercial Appoints Contreras North American Portfolio Solutions Leader Allianz Commercial, headquartered in New York City, appointed Jenna Contreras to…

People Moves: Robertson Ryan Names Long CFO

Jami Long joined Robertson Ryan Insurance, headquartered in Milwaukee, Wisconsin, as chief financial officer (CFO). As CFO, Long will oversee…

Avalanches in West Claim More Lives, Including Weekend Death in Colorado

One person was killed in an avalanche in central Colorado on Saturday, marking just the latest fatality stemming from avalanches…

FDA, CDC Investigating Multi-State Listeria Outbreak

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention said on Monday the agencies were…

NYDFS Fines Three Dozen Auto Insurers $20M for Slow Reporting on Policies

Multi-year market conduct investigations by the New York State Department of Financial Services have resulted in $20 million in fines…

Explosion at Beachside Hawaii Resort Injured 7 People, Scattered Debris

A suspected gas explosion in the grill area of a Hawaii beachside resort has injured seven people, including three in…

People Moves: Markel Taps Johnson From Travelers as Senior U/W, Transport and Logistics; Specialty MGA UK Hires 2 Energy Underwriters

This edition of International People Moves details appointments at Markel and Specialty MGA UK. A summary of these new hires…

Google’s AI Previews Erode the Internet, Educational Tech Company Says in Lawsuit

Alphabet’s Google internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial…

DoorDash to Pay $16.8 Million in Back Pay to New York Couriers

DoorDash Inc., the biggest food-delivery firm in the US by market share, agreed to pay New York couriers $16.8 million…

Pennsylvania Shootout Highlights Rising Violence Against US Hospital Workers

A man who took hostages in a Pennsylvania hospital during a shooting that killed a police officer and wounded five…

Business Continuity Plans Lacking Among SMBs: Nationwide Survey

Mid- and small-market businesses (SMBs) face a lot of the same big-picture challenges, but how they prioritize risk, spending, and…

EU Mounts Major Retreat From ESG Agenda Amid Fierce Backlash

The European Union is about to walk back significant chunks of planned ESG regulations, amid a barrage of complaints that…

Canada’s Axis Insurance Acquires Calgary-Based Fuse Insurance

Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercial 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.…