Tips & Guide

Viewpoint: New Year, Old Challenges for European Insurers

The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation…

Bayer Broadens Effort to Shield Itself From Claims Weedkiller Caused Cancer

A renewed and expanded effort from chemical giant Bayer to shield itself from lawsuits that claim its popular weedkiller Roundup…

Stretch of NC Interstate that Collapsed in Helene to Reopen by March 1

WAYNESVILLE, N.C. (AP) — A section of Interstate 40 in western North Carolina that collapsed during Hurricane Helene’s historic flooding…

Mississippi Senate’s University DEI Ban Goes to Negotiations With House

The Mississippi Senate passed a bill Thursday that would eliminate diversity, equity and inclusion programs from the state’s universities, a…

Trenton Diocese Sues Four Insurers Over Coverage for Child Victim Claims

The Catholic Diocese of Trenton, New Jersey has sued its liability insurers over their alleged “failure and refusal” to agree…

Making the Shift in 2025: How to Become an Independent Insurance Agent

This post is part of a series sponsored by Darkhorse Insurance. The insurance industry is evolving rapidly in 2025, making…

Management Liability Insights for 2025: The changing landscape of employment claims

This post is part of a series sponsored by IAT Insurance Group. The post-pandemic workplace has brought significant changes to…

AI-Driven BPO: The Future of Insurance Operations

This post is part of a series sponsored by Selectsys. The insurance industry is undergoing a profound shift, and AI-assisted…

Measles Outbreak Reported in Small West Texas County

Fifteen measles cases — mostly in school-aged children — have been confirmed in a small county in West Texas with…

People Moves: AIG’s Furth Heads to Hiscox to Head US Claims; Hamlin to Lead TMHCC US Hospital Pro Liability; Amwins Names Healthcare Practice Leader

Hiscox, headquartered in Atlanta, appointed Alexandra Furth as head of claims in the U.S., effective March 10. Furth has over…

NYSE Plans Texas Exchange as Financial Firms Flock to State

The New York Stock Exchange plans to start an equities exchange in Texas, the latest firm seeking a slice of…

Starbucks Sued by Missouri Over DEI, Race and Gender Bias

Starbucks SBUX.O was sued on Tuesday by the U.S. state of Missouri, which accused the coffee chain of using a…

Judge Tosses Opera Singer’s Lawsuit Against the University of Michigan Over Firing

A judge dismissed a lawsuit Monday by an acclaimed opera singer who sued the University of Michigan over his firing…

Deloitte Pays Rhode Island $5 Million to Aid Recovery From Ransomware Attack

The consulting firm Deloitte that built and manages Rhode Island’s popular RIBridges portal has paid the state $5 million to…

Philadelphia Man Pleads Guilty to Stealing Dead Person’s ID, Insurance Fraud

A Philadelphia County man has pleaded guilty to felony charges for stealing a deceased classmate’s identity and fraudulently using it…

Viewpoint: Illegal vs Legal DEI

Navigating DEI Legally: Emphasizing Equity Without Legal Pitfalls The debate over what constitutes “illegal DEI” has intensified following recent US…

Thomson Reuters Wins AI Copyright ‘Fair Use’ Ruling

A federal judge in Delaware on Tuesday said that a former competitor of Thomson Reuters was not permitted by U.S.…

Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster

The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25…

Edison Utility Faces Shareholder Lawsuit Over LA Wildfires

The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires…

EU Weighs Easing Corporate Liability Under Toughest ESG Law

The European Union is reviewing the extent to which companies can be held liable for environmental and human rights breaches…

Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net

Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in…

Cyclone Zelia Strengthens Off Australia’s Major Iron Ore Hub

Tropical Cyclone Zelia has strengthened off Western Australia and is expected to cross the coast on Friday near the nation’s…

Taiwan Environment Minister Eyes Insurance Funds to Help With Green Transition

Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy…

UniCredit Raises Generali Stake as CEO Orcel Seeks Deals Influence

UniCredit SpA has expanded its holding in Italy’s largest insurer, potentially giving Chief Executive Officer Andrea Orcel more influence in…

US SEC Will Not Defend Climate Rule in Court

The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial…

Cash-Flush Florida Seeks to Retire $1.7 Billion of Debt and Prepare for Storms

Municipal bonds sold by the state of Florida are poised to become much scarcer. That’s because Governor Ron DeSantis plans…

Case to Clarify Economic Loss Rule Settles Days Before Fla. Supreme Court Arguments

A potentially landmark ruling from the Florida Supreme Court, which liability insurers had hoped would greatly expand how much they…

North Carolina Insurance Agent Charged With Forgery, ID Theft on Life Insurance Policy

A North Carolina insurance agent is awaiting a court appearance next week after he was charged with fraudulently taking out…

Whitewater Rafting Businesses Face Uncertain Future After Hurricane Helene

ERWIN, Tenn. (AP) — After 24 years of guiding whitewater trips on the Nolichucky River Gorge for other companies, Patrick…

Hawaiian Electric Welcomes Top Court’s Ruling on $4B Wildfire Settlement

Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court’s decision towards finalizing the more than $4 billion settlement…

WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California

Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available…

People Moves: PADIC Elects Basi President; ICW Names Moitoso President; CAC Specialty Appoints Leaders for Private Equity Practice

PADIC Elects Basi President The Pacific Association of Domestic Insurance Companies, headquartered in Auburn, California, elected Anisha Basi, general counsel…

AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes

American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but…

Insurance Commissioner OKs FAIR Plan Request for $1B Assessment for LA Wildfires

California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers…

Alera Group Acquires Kaplansky Insurance Agency in Massachusetts

Needham, Massachusetts-based Kaplansky Insurance Agency has been acquired by the national financial services firm Alera Group. This new partnership brings…

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

This post is part of a series sponsored by Old Republic Surety. Many commercial contractors have experienced the stress caused…

Michigan DIFS Advocates for Careers in the Insurance Industry as Part of Careers Month

The Michigan Department of Insurance and Financial Services (DIFS) is highlighting in-demand jobs available to Michiganders in the insurance field…

Delay in Federal Permits Hinders Texas Oil Companies’ Carbon Capture Projects

Texas oil companies and regulators have waited years for federal permits that would allow those companies to suck carbon dioxide…

People Moves: CoVerica Names Holland as President & CEO, Expands with BenefitHelp Acquisition

CoVerica, headquartered in Dallas, appointed Mark Holland as president and CEO. Holland has over three decades of experience in the…

First MainStreet Adds 4 Partner Agencies

First MainStreet Insurance L.C. has announced addition of four new partner agencies. Borchardt Agency joined the platform on January 1st.…

People Moves: Marsh Names Former AXA XL Exec as UK Chair; Rokstone Taps Howden’s Winsley as Capacity Mgr. and Broker Relationship Dir.

This edition of International People Moves details appointments at the broker Marsh and the managing general agency Rokstone. A summary…

New Dates, Same City: The New Importance of INTRConnect 2025 in March

This post is part of a series sponsored by CoreLogic. The Los Angeles wildfires are now fully contained after weeks…

Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires

Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers…

Pen Underwriting Simplifies Divisional Structure in UK & Ireland, With Breslin at Helm

Pen Underwriting, the London-based managing general agent, announced a simplified divisional structure to bring together core commercial underwriting capabilities and…

Trump’s Cost-Cutters Look to Curb Deloitte, Other FEMA Contracts

Federal cost-cutting initiatives pushed by President Donald Trump have turned their focus to the Federal Emergency Management Agency, where spending…

Insurers Pay Record Claims for Weather-Related Damage in UK: ABI

Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in…

Second Sinkhole Closes Lanes on New Jersey Highway

A section of a major New Jersey highway has been closed due to a sinkhole for the second time in…

Fed’s Powell: Strong Economy Means No Hurry to Cut Rates

The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is…

Israel Financial System Resilient Despite Wars, Central Bank Says

Israel’s financial system shows “high resilience” despite the country’s military conflicts and ongoing geopolitical uncertainty that have persisted for more…

Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It?

The New York City Council’s transportation committee heard testimony Monday on a proposal to lower the Personal Injury Protection (PIP)…

Russia Emergency Services Work to Prevent Pacific Oil Spill

An emergency response team in Russia’s Pacific port of Nevelsk is preparing to pump out fuel from a Chinese bulk…

It’s ‘Virtually Certain’ the World Has Already Breached 1.5C Warming Limit

The world may have already missed its chance to limit global warming to 1.5C, according to two new studies in…

Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup

Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more…

Booz Allen Scraps DEI Programs in Reaction to Trump Orders

Booz Allen Hamilton Holding Corp., a US government defense contractor, is ending its diversity, equity and inclusion programs, citing President…

UBS Whistleblower Verdict Thrown Out Despite Supreme Court Win

A former UBS bond strategist who persuaded the U.S. Supreme Court to make it easier for corporate whistleblowers to win…

Florida CFO Appoints Former Lawmaker, Car Dealer Attorney to Citizens’ Board

Florida’s chief financial officer has named a Pensacola lawyer and businessman to the Citizens Property Insurance Corp. Board of Governors.…

Battery Firm Pulls Plug on $2.6 Billion Plant in Georgia

ATLANTA (AP) — A clean energy company is abandoning a plan to build a giant electric battery factory in Atlanta’s…

Smart Choice Agency Network Reports Record Growth in 2024

Smart Choice, a North Carolina-based firm that works with independent agencies, reported record growth, with more than 1,450 agencies joining…

What’s Tying Up $4B Settlement for Hawaii Wildfire Victims

Hawaii’s Supreme Court heard arguments last week over insurance issues that are tying up a potential $4 billion settlement over…

Cal/OSHA Ends COVID Prevention Non-Emergency Standards

California has ended enforcement of its COVID-19 nonemergency standards. The California Division of Occupational Safety and Health announced the expiration…

Owner and Town in Standoff as Erosion Slowly Takes Luxury House On Cape Cod Bay

The waters of Cape Cod Bay are coming for the big brown house perched on the edge of a sandy…

22 States Sue Over New York Fund to Pay for Climate Change Damage

Twenty-two states sued New York on Thursday, contending that a new law forcing a small group of major energy producers…

How to Renew Your Insurance License with a Criminal Background: Part 5 – South Dakota through Wyoming

This post is part of a series sponsored by AgentSync. Having a criminal charge or conviction in one’s background can…

CFPB Disarray Puts Future Fintech, Bank Oversight Into Question

Less than two months ago, the Consumer Financial Protection Bureau was pumping out lawsuits against some of the world’s biggest…

Police Scramble to Learn Who Stole 100,000 Eggs Worth $40K From Farm Trailer

Police are trying to crack a whodunit over the heist of 100,000 eggs from the back of a trailer in…

Newsom Wants to Speed up Delayed Rule to Make California Homes More Fire Resistant

As Los Angeles reels from deadly January wildfires that destroyed thousands of homes, California Gov. Gavin Newsom signed an order…

Registration for Next Round of LA Fortify Homes Program Grants Opens Feb. 12

The Louisiana Department of Insurance announced that registration for the next round of Louisiana Fortify Homes Program (LFHP) grants will…

Lyft to Launch Mobileye Robotaxis in Dallas as Soon as 2026

Lyft Inc. will launch driverless rides with technology vendor and Intel Corp. spinoff Mobileye Global Inc. in Dallas as soon…

First Chicago Insurance Group’s Credit Ratings Upgraded to Positive Outlook by AM Best

AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed…

Acting CFPB Chief Tells all Staff to Cease ‘Any Work Tasks’

President Donald Trump’s newly installed chief of the U.S. Consumer Financial Protection Bureau told all of the agency’s staff on…

Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports

A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday,…

Farmers Turn to Airbnb, Corn Mazes to Outlast Agricultural Downturn

A dead-end dirt road cutting through rural Wisconsin leads to a pasture dotted with shaggy-coated Highland cattle, fluffy Icelandic sheep…

Q4 2024 Income at CNA Drops on Pension Settlement Loss

CNA Financial Corp. reported fourth quarter 2024 net income of $21 million, down significantly from $367 million for the same…

Hub Acquires Missouri’s Yavitz Insurance

Hub International Limited announced that it has acquired the assets of Yavitz Insurance Group. Terms of the transaction were not…

Bringing Positive Vibes Back to Personal Lines Insurance

Nationwide’s Casey Kempton has a vision to bring positive vibes back to engagements between personal lines insurers and their customers—and…

Update on Reagan Airport Crash: Helicopter Traffic, Night Goggles, Altitude Tracker

The Army was one of 28 government agencies authorized to fly helicopters near Ronald Reagan National Airport before its Black…

Apple Ordered by UK to Build Backdoor to Access User Data

The UK government has ordered Apple Inc. to build a backdoor to give it access to global user data, in…

New York City Live Poultry Markets Ordered Shut Due to Avian Flu

Live poultry markets in New York City raced to sell off all their chickens and other fowl Friday after seven…

Tornadoes Kill 2, Injure 3 in East Tennessee, With Flooding in WV, Kentucky

WARTBURG, Tenn. (AP) — Two tornadoes moved through eastern Tennessee, leaving a mother and daughter dead and injuring three other…

US Companies Say ESG Rules Are a Serious Barrier to EU Trade

US companies are adding their voice to the list of critics targeting ESG regulations in Europe. The American Chamber of…

SEC Starts Shifting Agency’s Focus as Job Cut Threat Spooks Staff

A day after the Trump administration sent a missive to all federal employees inviting them to resign, the U.S. Securities…

Oil Executives Call for Cautious Return to Red Sea Navigation

Oil executives called on Thursday [Feb. 6] for a return to navigation through the Red Sea en route to the…

China Frees Possible $27 Billion From Insurers to Buy Gold

A pilot program in China that allows insurers to buy gold for the first time could free up billions of…

China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers

China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold…

Viewpoint: Early Executive Actions by Trump Portend a Major Contraction at OSHA

President Trump was sworn in for a second term the morning of January 20, and he spent the rest of…

NCDOI Fines UnitedHealthcare $3.4 Million Over Balance Billing of Insureds

UnitedHealthcare of North Carolina has agreed to pay a $3.4 million fine and take action to improve claims handling and…

Florida OIR Approves Smaller Average Rate Increases for Citizens This Year

Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate…

Viewpoint: How Will the California FAIR Plan Fare, and What’s Next for Independent Agents?

If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history,…

People Moves: IMA Names Empey President, Salt Lake City and Utah Market Leader

IMA Financial Group named Kendall Empey president, Salt Lake City and market leader for Utah. Empey oversees employee benefits and…

Passengers Safely Evacuated When Fire Engulfs Train in Philadelphia

Federal officials will investigate a commuter train fire in Philadelphia this week in which more than 300 passengers were safely…

UMass Pays Out $10K After Tiff With Insurer Over Student’s Prize for Half-Court Shot

UMass said it would pay a student the $10,000 prize for a halftime promotion at a women’s basketball game after…

AccuWeather: Elevated Risk of Mudslides at LA Wildfire Burn Scars From Coming Storm

Meteorologists are warning of an elevated risk of dangerous debris flows and destructive mudslides in Southern California next week in…

Crest Acquires Texas’ Horizon Insurance Services

Crest Insurance announced the acquisition Horizon Insurance Services, a full-service insurance agency based in Houston, Texas. The move marks Crest’s…

Hub Acquires Indiana’s Mayfield

Hub International announced that it has acquired the assets of Mayfield Insurance, Inc. (Mayfield Insurance). Terms of the transaction were…

Ackman Backs Doctor as His Fight With UnitedHealth Escalates

Billionaire investor Bill Ackman pledged to cover the legal fees for a Texas doctor in a dispute with UnitedHealth Group…

Third-Party Attack Vectors Responsible for 59% of Insurance Breaches

A new report highlights how cybersecurity gaps threaten critical services and policyholder trust, according to SecurityScorecard. Of the top 150…

Allstate to ‘Lean Into’ Turnaround in Auto Business, and Grow

Allstate’s plan to correct its auto insurance business has “restored profitability back to target levels,” said the insurer’s head of…

Advisory Firm ISS Urges Apple Investors to Vote Against Scrapping Diversity Policies

Influential proxy advisory firm Institutional Shareholder Services recommended on Friday that Apple investors vote against a proposal to consider eliminating…

People Moves: Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics; Arch Insurance UK Division Promotes 4 Senior Leaders

This edition of International People Moves details appointments at Willis and Arch Insurance UK. A summary of these new hires…

Britain’s L&G Sells US Protection Unit to Japanese Insurer for $2.3 Billion

Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion…