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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

RT Specialty, a well-known distributor of specialty insurance products, has just opened a new office in Detroit. This move comes as the company continues to expand its presence in the Midwest. Leading the new Detroit office is David Derigiotis, who has been appointed as the Executive Vice President and office president. Derigiotis brings a wealth … Read more

Monarch E&S Insurance Services has announced its acquisition of Market Finders Inc., a managing general agent and wholesale broker based in Albuquerque, New Mexico. This deal, which took place recently, marks a significant move for Monarch E&S, a division of Specialty Program Group LLC. Market Finders Inc. has been in business since 1971 and has … Read more

Insurity, a company that offers cloud-based software for the insurance industry, has announced a significant achievement. The Builders Group (TBG), a self-insured workers’ compensation fund in Minnesota, has successfully launched Insurity’s Workers’ Comp Suite. This new system is designed to enhance TBG’s operations in managing workers’ compensation. The implementation of this software marks a major … Read more

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

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

Travelers Property Casualty Company is asking a federal judge to rule that it is not responsible for covering a significant $26 million dispute involving a failed energy system in Canada. The case was filed on July 23, 2025, in the U.S. District Court for the Western District of Washington. The lawsuit targets Wellons Group, Inc., … Read more

In 2024, legal service providers in the United States spent over $2.5 billion on nearly 27 million advertisements, according to research from the American Tort Reform Association (ATRA). This marks a significant increase in advertising across television, radio, and outdoor platforms since 2017. The Insurance Information Institute (Triple-I) recently highlighted this trend in an issues … Read more

Finys, a software provider for the insurance industry based in Troy, Michigan, has made two significant appointments to strengthen its leadership team. Tim Norman has been named chief growth officer, while Rishi Khetrapal will take on the role of director of finance. Tim Norman brings over 20 years of experience in insurance technology to his … Read more

A tragic accident at a metal-treating plant in Chattanooga, Tennessee, has raised serious concerns about workplace safety. The explosion, which occurred in 2024, claimed the life of one worker and left three others injured. The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a report detailing the incident and highlighting significant safety failures at … Read more