Sophia Langley

Arthur J. Gallagher & Co. has expanded its reach in the Midwest with the acquisition of Strategic Services Group, Inc., an employee benefits consulting firm based in Rochester Hills, Michigan. The financial details of the deal were not made public. Strategic Services Group serves clients throughout Michigan and the wider Midwest region. Key leaders of … Read more

Several big names in the U.S. insurance world have announced new leadership roles recently, signaling fresh directions and growth plans. At Howden, Joe Clark has stepped in as president of its Private Risk Solutions division, while Dale Krupowicz takes on the role of head of operations. Both bring a wealth of experience to the table. … Read more

California is moving closer to finalizing new rules aimed at helping homeowners protect their properties from wildfires and potentially lower their insurance costs. Insurance Commissioner Ricardo Lara is urging the Board of Forestry and Fire Protection to speed up the completion of the so-called "Zone Zero" regulations. These rules focus on creating a noncombustible buffer … Read more

A Florida staffing company is taking Chubb and its related companies to federal court, accusing the insurer of making unfair financial demands and mishandling claims after a decade of working together. Full Steam Staffing, which operates mainly in California, filed a lawsuit on October 14 in the U.S. District Court for the Central District of … Read more

A recent analysis has revealed surprising shifts in the U.S. property insurance market, highlighting rapid profit growth in smaller, specialized insurance sectors. From 2022 to 2024, some lesser-known lines of business have surged far beyond the more traditional, high-volume areas. Massachusetts saw the biggest jump, with private flood insurance profits skyrocketing by 1,221%, climbing from … Read more

Employment practices liability insurance (EPLI) is seeing a shift in how brokers recommend coverage for businesses as risks around employment evolve. More agents are moving away from bundled EPLI policies and turning toward standalone, or monoline, options that offer clearer limits and better protections. Allison Arnold, a professional lines broker at JenCap, explains that when … Read more

Nevada is changing how it sets its workers’ compensation payroll cap, moving away from a fixed $36,000 limit to a new system based on an annual state calculation. This shift, set to take effect in 2026, links the cap to the average wage used for workers’ compensation claims. Currently hovering around $93,000, this figure is … Read more

The US renewable energy sector is entering a new phase after rapid growth in recent years, marked by more uncertainty and challenges. The International Energy Agency has trimmed its forecast for US renewable energy growth by nearly half compared to 2024 levels. This shift is driven by timing issues with policies and limits in the … Read more

Artificial intelligence is set to play a major role in shaping the insurance industry’s future. But many in the sector remain uncertain about how insurance will handle and price the risks that come with AI. Andrea Ward, senior vice president of casualty at CRC Insurance Services, says the industry is underestimating the potential risks AI … Read more

Eric Paglieri, head of environmental for North America at AXIS, recently shared his insights on how the environmental risk landscape is changing and the challenges the market is currently facing. Speaking on IBTV’s environmental insurance special, Paglieri highlighted shifting risks, new regulations, and strategies to improve outcomes in this evolving area. He discussed how environmental … Read more