According to Willis, catastrophe-related expenses are expected to continue rising in 2025 without any indication of a slowdown.

Insured losses from natural disasters are on track to exceed $100 billion globally in 2025, according to a new report from Willis. This marks the seventh consecutive year that losses have reached or surpassed this significant figure, highlighting a troubling trend in the frequency and severity of such events. The Willis Natural Catastrophe Review points … Read more

Recruitment raids and legal disputes: Marsh files lawsuit over alleged ‘poaching’ activities.

In a fierce battle for talent in the insurance industry, major global brokers Marsh, Aon, and Howden are embroiled in a series of lawsuits. These cases, stretching from New York to London, involve accusations of "unlawful recruitment raids" aimed at stealing each other’s employees and clients. The latest legal action comes from Marsh USA, which … Read more

How to attain the Certified Insurance Counselor designation

In today’s fast-paced insurance industry, simply having a license is no longer enough for success. Professionals are increasingly seeking additional certifications to stand out and grow their careers. One of the most respected certifications is the Certified Insurance Counselor (CIC) designation, which has been around since 1969. It is offered by the Risk & Insurance … Read more

Bargain coverage is proving to be counterproductive, and mid-sized companies are bearing the consequences.

Middle-market companies are facing significant challenges as they try to cut costs in a tough insurance market. Many are opting for cheaper coverage, which may seem like a good idea at first, but it can leave them vulnerable to major losses. As insurance premiums rise and coverage options shrink, these businesses are realizing that their … Read more

Marsh: Grounded in stability, driven by strategic vision.

Marsh, a leading global insurance broker, has been making waves in the industry with its strategic growth and impressive financial performance. Founded in 1871, Marsh has expanded its reach to over 130 countries, serving various sectors including aviation, healthcare, and manufacturing. In the past year, Marsh generated nearly $12.5 billion in revenue, which accounts for … Read more

What will be the greatest challenge for retail insurance brokers in 2025?

Retail insurance brokers are facing significant challenges as they look ahead to 2025. With rising customer expectations, digital disruption, and increasing pressure on profit margins, the landscape for brokers is rapidly changing. Industry leaders are responding to these shifts in various ways, aiming to adapt and thrive in a competitive market. One of the biggest … Read more

Mountain Life Insurance extends its coverage to Ohio.

Mountain Life Insurance Company is expanding its services into Ohio, making this the company’s 16th state of operation. The announcement was made on July 25, 2025, following the approval of a license by Ohio’s insurance regulators. This new license allows Mountain Life to provide its life insurance and annuity products to residents throughout the Buckeye … Read more

Seventh Circuit overturns Progressive’s class action regarding auto claim payments.

On July 24, 2025, the Seventh Circuit Court made a significant ruling regarding Progressive Insurance’s methods for valuing totaled cars in Indiana. The court reversed a previous class action decision that challenged the company’s approach, which involved adjustments based on projected sales. The case originated with two Indiana policyholders, Heather Schroeder and Misty Tanner. They … Read more