California court to examine the legality of wildfire surcharges imposed by the FAIR Plan.

A legal battle is heating up in California over whether insurance companies can pass on the costs of wildfire-related expenses to homeowners. This case is particularly important as it raises questions about how the state is managing risks in a market that is becoming increasingly unstable. The issue began when the California Department of Insurance … Read more

Premium squeeze puts brokers in the limelight as R&W claims increase.

The representations and warranties (R&W) insurance market is experiencing a shift in 2025, giving brokers more opportunities to secure broader coverage for their clients. This change comes at a time when claim volumes are rising, putting pressure on insurers to balance losses with lower premiums. Emily Maier, a senior vice president at Woodruff Sawyer, explains … Read more

Carriers should collaborate with brokers and risk managers to proactively identify potential risks.

As businesses face more unpredictable risks, insurers are changing how they support their clients. Liberty Mutual Global Risk Solutions (GRS) has taken a significant step by appointing Wes Hyatt as its first global chief client officer. This role aims to better serve multinational companies that require insurance across different countries. Hyatt, who has been with … Read more

UnitedHealth surpasses Q4 profit expectations, but investor concerns grow over increasing medical expenses.

UnitedHealth Group reported strong earnings for the last quarter of 2024, but rising medical costs and unexpected levels of care usage worried investors, leading to a drop in its stock price. This earnings report is significant as it is the first since the tragic death of UnitedHealthcare CEO Brian Thompson, who was shot outside a … Read more

Significant Considerations of SageSure Insurance Ratings for Brokers

SageSure Insurance is making waves in the insurance industry, especially among brokers looking for reliable options for their clients. Founded in 2009, this Jersey City-based company has quickly grown to become one of the largest Managing General Underwriters (MGUs) in the United States, focusing on property insurance in areas prone to natural disasters. What sets … Read more

Labor shortages and increasing healthcare expenses are putting pressure on the workers’ compensation market.

Labor shortages, rising wages, and increased litigation are changing the landscape of the U.S. workers’ compensation market. These factors are putting pressure on insurance companies, altering risk assessments, and leading to new pricing strategies. Becky Pinto, president of Arrowhead’s Workers’ Compensation Division, highlighted the ongoing labor shortages, which she attributes to an aging workforce. This … Read more

"Empower individuals like me": Tangram CEO urges the insurance industry to broaden its perspective.

Rekha Skantharaja became the CEO of Tangram Insurance Services at just 31 years old, stepping into a role that many might not expect from someone without the usual background. She didn’t have a spouse or children, and she came from a mid-sized, male-dominated insurance company to lead a small team in Petaluma, California. Despite these … Read more

Court restricts liability for Boechler PC officer regarding workers’ compensation penalties.

The North Dakota Supreme Court recently made an important ruling regarding personal liability for unpaid workers’ compensation premiums. In a decision issued on July 11, the court clarified the extent to which corporate officers can be held responsible when their companies fail to pay these required premiums. The case, known as State of North Dakota … Read more