Patricia Wells

Global commercial insurance rates continued to ease in the third quarter of 2025, with an overall drop of about 4%, according to John Doyle, president and CEO of Marsh McLennan. The decline was mainly led by property insurance costs. This marks a continuation of the softening trend seen in the previous quarter, which also recorded … Read more

Insurance broker Aon shared strong results for the third quarter of 2025, reporting $4.0 billion in revenue, up 7% from $3.7 billion in the same quarter last year. This steady growth matched last year’s organic revenue gain but exceeded what Wall Street analysts had expected. Aon’s net income for the quarter also saw a significant … Read more

AM Best has kept its Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) for NASW Insurance Co. (NASWIC), based in Washington, D.C., but the ratings remain under review with negative implications. This means there’s some uncertainty about the company’s future. NASWIC has a strong balance sheet and solid operating … Read more

Thick smoke filled the air over Gregory, Texas, on Wednesday evening as a wildfire known as the Mill Fire spread through this small community about 150 miles southeast of San Antonio. Firefighters managed to contain roughly half of the 15-acre blaze, but residents in the northern part of town were told to leave their homes … Read more

Sara Hays has been named the new Executive Director of the Texas State Office of Risk Management (SORM). She will officially start her role on November 17, 2025. Hays brings with her a wealth of experience from her years in state government. She has worked as Chief of Staff for two state representatives and served … Read more

A North Dakota judge has cut the damages Greenpeace must pay a pipeline company to $345 million, roughly half of what a jury had originally awarded. The case involves protests against the Dakota Access oil pipeline that took place nearly ten years ago near the Standing Rock Sioux Tribe’s reservation. The lawsuit was brought by … Read more

Detroit has agreed to pay $5.85 million to settle a lawsuit over the death of Janice Bauer, a 67-year-old pedestrian who was hit by a city bus while crossing a downtown crosswalk in June 2023. The case involves the same bus driver, Geraldine Johnson, who had been involved in a previous fatal accident in 2015. … Read more

Philadelphia Insurance Companies has made its biggest move yet by buying the Collector Vehicle Division from Ignyte Insurance, a company backed by the investment firm Carlyle. The deal is worth $615 million and marks the largest acquisition in Philadelphia Insurance’s 63-year history. This purchase brings several well-known collector vehicle brands under Philadelphia Insurance’s umbrella, including … Read more

On October 14, 2025, PGM Solutions expanded its Home Factors platform with new features aimed at helping insurance companies better understand home risks. The update includes details about electrical panel locations, how old roofs are and their expected remaining life, and the types of plumbing materials used in homes. These additions bring the platform closer … Read more

Hurricane Melissa has left a massive trail of destruction in Jamaica, with damage costs expected to reach billions. The powerful Category 5 storm hit near New Hope on Tuesday, bringing winds of 185 miles per hour—the strongest hurricane Jamaica has ever seen. The storm caused severe damage, especially in Montego Bay and much of the … Read more