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The St. Cloud Area Family YMCA has agreed to pay $140,000 to settle a sexual harassment lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). This decision comes after the EEOC found that female employees, including two teenagers, faced harassment from a manager at the YMCA. The manager allegedly made inappropriate sexual advances and … Read more

Wildfires are causing widespread destruction across the western United States, with nearly 30,000 fires reported as of early June 2025. These fires have burned over 1.2 million acres, which is more than double the number from the same time last year. California has been particularly hard hit, with January’s Eaton and Palisades Fires destroying more … Read more

Professional liability insurance is becoming more complicated, with the lines between different types of coverage starting to blur. This shift presents both opportunities and challenges for businesses. Jacqueline A. Waters, a managing director at Aon, highlights that the traditional way of thinking about insurance coverage is outdated. Waters points out that in smaller and mid-sized … Read more

Ransomware attacks are becoming more common and sophisticated, but the response from the insurance industry is changing. As of June 2025, experts are noticing that while the number of cyber incidents is rising, fewer companies are actually paying ransoms. This trend indicates that businesses are improving their cybersecurity practices and resilience. Insurance providers are evolving … Read more

A new report from WTW, a global advisory firm, highlights the importance of leadership and culture in driving innovation within organizations. The analysis shows that as the insurance industry faces new risks and changing client needs, innovation must be a strategic priority, not just a spontaneous effort. The report reveals that many organizations struggle with … Read more

SiriusPoint Ltd., a specialty insurer and reinsurer based in Bermuda, has announced the promotion of Chris Fenn to the position of global head of Marine. This move comes as part of the company’s effort to enhance its global marine operations. Fenn, who previously led the Marine team in London for SiriusPoint International, joined the company … Read more

Texas lawmakers are taking steps to address the rising costs of homeowners’ insurance, even as they recognize that many factors driving these increases are beyond their control. Recent legislative efforts include bills aimed at limiting how much insurance companies can raise rates and improving transparency for homeowners regarding coverage decisions. In Texas, homeowners are facing … Read more

When unexpected events force businesses to close, the financial impact can be significant. Bills continue to pile up, employees expect their paychecks, and customers may seek alternatives. For many businesses, this situation can be devastating. Business Income insurance, also known as business interruption insurance, is designed to help companies maintain financial stability during these tough … Read more

Patriot Growth Insurance Services has teamed up with Ladd Gardner Aviation Insurance, a specialized agency located in Addison, Texas. This partnership, announced recently, is set to enhance the services offered to clients in the aviation sector. Ladd Gardner founded the agency in 2007, bringing with him a passion for aviation and extensive industry experience. Ladd … Read more

As the biotech industry pushes to create groundbreaking therapies, a new financial tool is gaining attention: drug warranties. These warranties aim to help pharmaceutical companies manage the risks associated with high-cost treatments that may not always deliver the expected results. In 2023, global insurance firm Marsh partnered with Octaviant Financial to introduce a specialized drug … Read more