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The Texas House recently approved a bill aimed at addressing the high home prices in the state’s largest cities by allowing smaller homes to be built on smaller lots. This move is part of a broader effort by state lawmakers to tackle the housing crisis affecting many Texans. The bill, known as Senate Bill 15, … Read more

ZestyAI has received approval from the Michigan Department of Insurance and Financial Services for its new severe convective storm suite. This comes at a crucial time as Michigan faces increasing weather-related insurance claims. Since 2019, the state has seen over $5 billion in insured storm damage, primarily from hail and straight-line winds. Just last summer, … Read more

The hobby industry is booming, with wholesale distributors at the heart of it. This sector is expected to generate around $45 billion in revenue, making it crucial for businesses to protect their valuable inventory. However, with great opportunity comes significant risk. Distributors face unique challenges depending on what products they handle, from delicate antiques to … Read more

Construction risk management is undergoing significant changes as traditional methods struggle to keep up with modern demands. Rachel Dobbs, a client executive at Hylant, noted that construction projects are becoming more intricate, involving a larger number of stakeholders and higher stakes. This shift is leading to new ways of handling risk, with joint ventures and … Read more

A recent report from Insurance Business sheds light on the financial health of the top U.S. insurance companies. The 2024 IB+ Annual Financial Insights, released on July 17, 2025, analyzes the performance of 86 public insurance providers from 2021 to 2024. This report highlights key differences between the leading firms and their lower-ranked counterparts, especially … Read more

Cyber attacks are no longer just a concern for big companies. In today’s digital world, every business, regardless of size, is at risk. This shift has become clear over the last decade, as smaller organizations find themselves increasingly vulnerable to the fallout from cyber incidents, especially those involving their suppliers. Serene Davis, QBE’s global head … Read more

AM Best has changed the outlook for the Oklahoma Farm Bureau Group from stable to negative. This decision affects the Long-Term Issuer Credit Rating (ICR) for the group, which includes Oklahoma Farm Bureau Mutual Insurance Company and its subsidiary, AgSecurity Insurance Company. Both companies are based in Oklahoma City, Oklahoma. While their Financial Strength Rating … Read more

Victoria’s Secret has temporarily shut down its U.S. website and some in-store services due to an unspecified security incident. This decision was made as a precautionary measure to protect customer information. On Thursday, visitors to the website were greeted with a message explaining the situation. The company stated that it is working hard to restore … Read more

John Hughes, a seasoned underwriter at Central Insurance, emphasizes that successful underwriting is less about crunching numbers and more about building relationships. With over ten years in the insurance industry, Hughes believes that connecting with clients and understanding their needs is vital. Hughes began his career in underwriting with a regional company focused on construction. … Read more

NI Holdings, Inc., based in Fargo, North Dakota, has announced several important changes in its leadership team. These promotions and a new hire reflect the company’s commitment to strengthening its operations in the property and casualty insurance sector. Kevin Elfstrand has been promoted to senior vice president and chief accounting officer. With over 20 years … Read more