Article

Insurance professionals gathered at RISKWORLD 2025 to discuss the pressing concerns their clients will face in the near future. This event, highlighted by Insurance Business TV, brought together experts from various sectors to share insights on the biggest worries for clients in the insurance industry. During the event, attendees explored a range of topics, including … Read more

Corporate risk management is changing as businesses adapt to a world filled with uncertainty. Over the past five years, companies have faced various global challenges that have forced them to rethink their approach to risk and resilience. This shift is highlighted in a recent report by Gallagher, which surveyed 1,200 executives worldwide. The report shows … Read more

Encova Insurance has announced the appointment of Ramu Lingala as its new executive vice president and chief information officer. Lingala takes over from Tony Laska, who plans to retire at the end of 2025. Laska will remain with the company in an advisory role until then. Lingala joined Encova in February and brings with him … Read more

A tragic explosion in Lexington, Missouri, has left one person dead and two others injured. The blast occurred on April 9 when a subcontractor accidentally drilled into an unmarked underground gas line while installing fiber optic cable. This incident completely destroyed one home and caused damage to two others in the small town, which has … Read more

A proposed Colorado bill aimed at adding a 1% fee to homeowners insurance policies has been rejected by a state committee. This decision came during a recent meeting of the Senate Finance Committee, which voted 6-2 against House Bill 1302. The bill, backed by Governor Jared Polis and several Democratic leaders, was designed to help … Read more

Hub International Limited, a major player in the insurance brokerage and financial services industry, has made a strategic move by acquiring the assets of Wycoff Insurance Agency. This local insurance provider is based in Mount Vernon, Washington, and has been serving its community for years. The details of the deal, including the financial terms, have … Read more

Monarch E&S Insurance Services has made a significant move by acquiring Market Finders, a managing general agent and wholesale broker based in Albuquerque, New Mexico. This acquisition, announced on June 6, 2025, is part of Monarch’s strategy to collaborate with established regional MGAs and enhance its presence in the Southwest. Market Finders, founded in 1971, … Read more

Ryan Specialty, a global player in specialty insurance, has announced its plan to acquire J.M. Wilson Corporation, an insurance firm based in Michigan. This deal was confirmed in a definitive agreement and is set to close in the third quarter of 2025. Once the acquisition is finalized, J.M. Wilson will become part of RT Binding … Read more

Rivian Automotive Inc. is making a significant investment in Illinois with plans to spend $120 million on a new supplier park. This project is a boost for Governor JB Pritzker, especially after Rivian announced a $1.5 billion plan to expand its manufacturing plant in the state. The new supplier park, which will cover 1.2 million … Read more

Louisiana’s Insurance Commissioner, Tim Temple, recently announced an important new requirement for property and casualty insurance companies in the state. Starting May 1, 2025, insurers will need to clearly disclose all available discounts that could help reduce premiums for both current and potential policyholders. This change comes after Louisiana lawmakers passed a bill aimed at … Read more