Willis names global claims lead

Willis, part of the WTW group, has named Louie Clarke as its new global head of claims strategy and execution within the Risk & Broking division. The announcement came on Monday, signaling a key leadership change at the company. Clarke, who will be based in London, will lead the development and rollout of claims services … Read more

Klimt’s ‘Portrait of Elisabeth Lederer’ poised to challenge art market’s tolerance for risk

Next week, Sotheby’s will auction Gustav Klimt’s stunning Portrait of Elisabeth Lederer, a six-foot painting rich in both beauty and history. The piece, expected to sell for over $150 million, ranks among the most expensive artworks ever sold. But beyond the auction excitement, the question arises: how do you insure a painting with such a … Read more

Liberty Mutual Faces Class Action Lawsuit Over Robocall Consent Practices

One of the country’s biggest auto insurers is under fire for allegedly making robocalls without getting the proper consent from consumers. Yevonne Powers filed a class-action lawsuit against Liberty Mutual Insurance on November 5, 2025, in a Massachusetts federal court. She claims the company repeatedly called her cell phone with prerecorded messages, despite her number … Read more

SNAP benefits crisis intensifies growing challenges for nonprofits

The Trump administration is continuing its fight to withhold full food stamp benefits from states during the ongoing government shutdown. This comes after a lower court order last week demanded the use of $4 billion from another fund to pay for Supplemental Nutrition Assistance Program (SNAP) benefits in full, CNN reports. With nearly 42 million … Read more

Changes in the insurance industry

Fela Abioye, managing director at The Hartford, recently shared his thoughts on some of the big changes happening in the insurance world. Speaking on Insurance Business TV, he talked about the challenge of bringing in young talent and why it’s important to attract fresh, exciting people to the industry. He also highlighted the role of … Read more

Allstate accuses Texas clinics of a $5.2 million auto insurance fraud scheme.

Allstate has filed a lawsuit accusing a group of Texas medical clinics and providers of inflating injury claims related to car accidents. The insurer claims these clinics charged for unnecessary treatments and used questionable billing tactics from mid-2019 through 2023. The lawsuit targets Foundation Physicians Group, Prime Imaging Partners, Complete Pain Solutions, Memorial MRI & … Read more

Funding for Cyber MGAs declines amid industry consolidation wave

Funding for cyber insurance in the managing general agent (MGA) sector softened significantly in 2025, with fewer deals and smaller investment rounds, according to new data from the QualRisk Cyber Insurance Center (QCC). Publicly disclosed funding dropped to $49 million last year, down from $87 million in 2024. The latest QCC report highlights a trend … Read more

Brighthouse Financial consents to $4.1 billion acquisition by Aquarian Capital.

Aquarian Capital is set to acquire Brighthouse Financial in a deal valued at about $4.1 billion. The agreement, announced on November 7, 2025, involves Aquarian purchasing Brighthouse shares for $70 each in an all-cash offer. The deal is expected to wrap up sometime in 2026. However, it still needs approval from Brighthouse’s common stockholders and … Read more