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A cargo ship that caught fire in the middle of the Pacific Ocean earlier this month has now sunk. The vessel was carrying around 3,000 vehicles, including about 800 electric cars, when flames broke out on board. The fire started on a deck loaded with electric vehicles, and despite efforts to control it, heavy weather … Read more

First Financial is set to acquire Westfield Bancorp in a deal valued at $325 million, marking another step in its growth across the Midwest. The deal, which will combine cash and stock, brings Westfield’s retail banking branches and its insurance and private banking services into First Financial’s expanding network. Ohio Farmers Insurance Company, the parent … Read more

Holmes Murphy, an insurance agency based in Waukee, Iowa, recently welcomed 23 new employees as shareholders. These team members earned their shares after finishing the company’s top leadership program, Holmes Murphy University. Becoming a shareholder gives employees a say in the company’s future, helps the business grow, and strengthens the company culture. The new shareholders … Read more

Pennsylvania continues to stand out as a great place for small businesses, which make up nearly all of the companies in the state. In 2024, the state’s economy showed strong growth with a gross state product reaching $804.4 billion. Business openings and expansions, especially from small local companies, added over 108,000 new jobs in 2025. … Read more

Pop superstar Taylor Swift and Kansas City Chiefs tight end Travis Kelce have announced their engagement, sparking excitement among fans and celebrities alike. Their shared Instagram post has already racked up more than 32 million likes, with many jokingly calling it America’s “royal wedding” of the year. While fans dream up visions of stunning gowns … Read more

Insurance costs for small trucking companies are climbing so fast that many operators with just one to 10 trucks are struggling to stay afloat. Karen Eernisse, a national commercial trucking insurance agent with Western Truck Insurance, says these rising expenses are pushing fleets to the brink financially. Two decades ago, the cost to insure one … Read more

Employment practices liability insurance (EPLI) has shifted from being a niche product for a few high-profile professions to a must-have for businesses of all sizes. Tokio Marine HCC – Cyber and Professional Lines Group (CPLG), based in Houston, Texas, has been at the forefront of this change, especially when it comes to franchise risk management. … Read more

As we reach the midpoint of 2025, the property and casualty insurance industry is facing significant challenges. Economic volatility and changing consumer behaviors are making it harder for insurers to stay competitive. Many consumers are now more careful with their finances, leading to shifts in how they approach insurance purchases. One major concern this year … Read more

Coalition has launched a new tool called the Helios platform, designed to help cedants manage their cyber risk exposures in real time. This platform provides a self-service option for cedants, allowing them to access information that used to be available only in summary documents. Shawn Ram, Coalition’s chief revenue officer, emphasized the importance of real-time … Read more

COVU, Inc., a company based in San Francisco, has announced its acquisition of Ford Insurance Agency, a family-run business with over a century of history located in Eliot, Maine. This acquisition marks a significant step for COVU, which is on a mission to create a national platform that leverages artificial intelligence for customer service and … Read more