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Homeowners in Los Angeles are taking legal action against three major insurance companies after suffering losses in the recent wildfires. They claim that the insurers did not provide enough money to cover the costs of rebuilding their homes. The lawsuits were filed this week in Los Angeles County Superior Court against USAA and two AAA-affiliated … Read more

Texas lawmakers have made significant changes to the state’s drug policy, particularly focusing on banning tetrahydrocannabinol (THC) products. This year, Senate Bill 3 emerged as a key piece of legislation, prohibiting the possession of consumable hemp products containing synthetic cannabinoids like delta-8. Lt. Gov. Dan Patrick championed this bill, citing concerns about the impact of … Read more

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

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

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

One person has tragically lost their life due to severe weather that swept across parts of the central United States. The storms brought heavy rain to Dallas, a tornado in the Kansas City area, and flash flooding in Kansas, prompting multiple rescue efforts. On Wednesday, a man in Dallas died after his car became trapped … Read more

BlackRock Inc., the world’s largest asset manager, has been taken off Texas’ blacklist of companies that boycott fossil fuels. This decision ends a three-year conflict over the firm’s environmental policies. As a result, Texas pension funds and state investment accounts, which manage over $300 billion, can now invest in BlackRock shares and funds, as well … Read more

Hub International Ltd. has announced the acquisition of Wycoff Insurance Agency Inc., located in Mount Vernon, Washington. This move allows Wycoff Insurance to become part of Hub International, a major player in the insurance and financial services sector. Chris Eisses, the president of Wycoff Insurance, along with Donnie Keltz, who holds the roles of vice … Read more

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, 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