Lithium-ion batteries create challenges for marine brokers.

More than 300 years after the first Lloyd’s insurance contract for a ship was arranged in a London coffee shop, the marine insurance world faces a new and serious challenge. Lithium-ion batteries, now common in electric vehicles (EVs), are creating a big fire risk on ships. These batteries, which pack a lot of power, are … Read more

The impact of inflated workers’ compensation claims on business profitability

Exaggerated workers’ compensation claims continue to cause trouble for businesses across the U.S., leading to higher costs and disruptions. Mike Lopez, a managing partner at Liberty Company Insurance Brokers and expert in workers’ compensation, has witnessed firsthand how these claims can hurt companies. Lopez explains that some employees may overstate their injuries to get more … Read more

Florida advances proposal to require mediation before property insurance lawsuits

Florida is on the verge of requiring mediation in all disputed property insurance claims before any lawsuits can be filed. This change comes after the state Senate approved Senate Bill 108, which aims to settle disputes without immediate court involvement. Sponsored by Senator Polsky, the bill targets property insurance claims under personal lines and commercial … Read more

GEICO alleges that Florida clinics coordinated an extensive PIP fraud scheme.

A major legal battle is unfolding in Florida, where GEICO and its affiliates have accused a group of medical providers of running a large scheme to submit fraudulent insurance claims. The dispute centers on personal injury protection (PIP) coverage, with GEICO alleging that these clinics and individuals filed thousands of false claims to collect millions … Read more

Linking the independent agency channel for a more streamlined future

At Applied Net 2025, Kathy Hrach, senior vice president of product management at Ivans, shared how her company is helping insurance agencies and carriers work better together. Ivans has been key in connecting property and casualty (P&C) carriers with independent agencies across the US, making it easier to share information and improve service. Hrach explained … Read more

Why a Growth Mindset Is Essential for Leading Insurance into the AI Era

The insurance industry is going through big changes thanks to artificial intelligence (AI), and experts say this shift offers real chances for growth, especially for women in leadership roles. Chris Reese, vice president of product for professional liability and cyber at Zurich North America, sees this time as more opportunity than threat. Reese highlights that … Read more

Johnson and Johnson Homeowners Insurance Rating: A Broker’s Guide for US Clients

Johnson & Johnson Insurance, a managing general agency (MGA) operating across the 48 contiguous United States, has earned recognition in the insurance industry despite the lack of traditional financial strength ratings from major agencies. Unlike direct insurance carriers, Johnson & Johnson Insurance does not hold ratings from well-known agencies such as A.M. Best, Fitch, Moody’s, … Read more

Insurers Prepare for Major Impact as First Brands Bankruptcy Unravels Receivables Network

Trade-credit insurers are preparing for a challenging period as the fallout from the bankruptcy of First Brands Group becomes clearer. The U.S. auto-parts supplier, known for its reliance on invoice financing, has left insurers facing a tangled web of claims connected to its off-balance-sheet financing structure. First Brands’ business involved selling customer invoices for cash … Read more

Nineteen people reported missing following explosion at Tennessee munitions plant.

A powerful explosion tore through a munitions plant in central Tennessee early Friday, leaving 19 employees missing and the facility completely destroyed. The blast happened at Accurate Energetic Systems, a company that makes explosives for the military, aerospace, and demolition industries. It sent shockwaves across the area, shaking homes up to 12 miles away. The … Read more

From the racetrack to risk management

Jennifer Nuest has found a unique way to blend her love for motorsports with her career in transportation risk management. On a recent episode of IB Talk, she opened up about how her background in racing shapes the way she approaches managing risks in the transportation industry. Nuest’s passion for vehicles started on the racetrack, … Read more