Patricia Wells

Target Corp. has begun selling hemp-derived THC drinks in a few of its Minnesota stores. This marks a notable step as THC beverages have mostly been absent from major retail chains until now. The company is offering these drinks in Target’s liquor stores, which are part of the main store but have a separate entrance. … Read more

W.R. Berkley Corp., a commercial insurer based in Greenwich, Connecticut, reported a strong boost in its third-quarter net income for 2025, reaching about $511 million. This marks nearly a 40% increase compared to roughly $365.6 million in the same quarter last year. The company also saw a significant turnaround in its investment results, earning nearly … Read more

Technology is speeding up the way insurance agencies work, and artificial intelligence (AI) is leading the charge. Experts say AI will change the independent agency system faster and more drastically than any previous technology. Ryan Hanley, president of Linqura AI and founder of Finding Peak, believes the future of AI in insurance has no limits. … Read more

Insurance agencies often face common accounting pitfalls that can lead to serious problems if left unchecked. A recent overview highlights five key mistakes that agencies should avoid to keep their finances clear and compliant. One major issue is treating all income as commissions. This can blur the real sources of revenue and make financial analysis … Read more

Renaissance, a Chicago-based agency network, has expanded its footprint by acquiring the agency network business of Insurance Services of the West LLC, known as Insurance Agency Network (IAN), in Washington. IAN is made up of more than 70 members and represents around $400 million in premium. This latest acquisition marks the fifth agency network that … Read more

Police in San Bruno, California, found themselves in a tricky situation when they pulled over a self-driving Waymo taxi for making an illegal U-turn—only to discover there was no one behind the wheel to ticket. The incident happened during a DUI operation earlier this month, according to the San Bruno Police Department. Officers spotted the … Read more

Many insurance agency owners focus mainly on building relationships, making sales, and serving clients, often paying little attention to their accounting. But skipping financial oversight can be costly. It can cause agencies to overpay producers, miss chances to grow, or misunderstand how the business is really doing. Good accounting is more than just following rules—it … Read more

As more companies rush to adopt artificial intelligence, those that focus on responsible AI practices are pulling ahead of the rest. A new survey from EY, conducted in August and September 2025, reveals that businesses committed to responsible AI see better results in innovation, productivity, and even revenue growth. The survey collected responses from 975 … Read more

The head of Britain’s MI5 spy agency has raised concerns about the future risks of AI systems operating without human control. Ken McCallum spoke on Thursday about how artificial intelligence is already being used by security services, terrorists, and government actors, but warned that autonomous AI could one day pose a serious security threat. In … Read more

Resilience, a company that offers cyber risk solutions, has extended its technology errors and omissions (tech E&O) insurance to serve more businesses in the US, UK, and EU. The updated policy now covers clients with revenues over $25 million in the US, £50 million in the UK, and €25 million in the EU. This expansion … Read more