Article

Federal meteorologists have issued a warning about a potentially busy Atlantic hurricane season in 2025. They expect a higher chance of frequent and intense storms this year. The National Oceanic and Atmospheric Administration (NOAA) announced that there is a 60% likelihood that storm activity will exceed the usual seasonal average. They predict between 13 and … Read more

The Hartford reported a significant drop in net income for the first quarter of 2025, falling 16% to $630 million. This decline was largely attributed to heavy losses from the California wildfires that occurred earlier this year. In terms of property and casualty insurance, the company faced catastrophe losses totaling $467 million before taxes. Out … Read more

The Ardonagh Group, based in London, has announced its acquisition of SRB Assekuranz Broker AG, a Zurich-based insurance broker. This move, which strengthens Ardonagh’s position in the insurance market, was made public recently, although the financial details of the deal were not disclosed. SRB, founded in 1980, specializes in serving corporate clients, especially in the … Read more

The world’s first exchange-traded fund (ETF) focused on catastrophe bonds is struggling to attract the expected initial investments. Launched just before the Trump administration’s tariff war, the Brookmont Catastrophic Bond ETF (Ticker: ILS US) has faced challenges in securing seed capital, according to Ethan Powell, the chief investment officer of Brookmont Capital Management in Texas. … Read more

As parents of new drivers, many are feeling a mix of emotions. There’s pride and excitement, but also a lot of worry. Questions about safety loom large. Will their teen drive carefully? What if they get distracted? And how much will this impact insurance costs? These concerns are understandable, especially since the first year of … Read more

Insurers often view affordable housing as a risky investment, even when properties meet safety codes and are well-kept. This misjudgment leads to higher insurance costs, which can threaten the financial stability of affordable housing projects. Nathan Kerr, a broker with 25 years at Scott Insurance, is working hard to change this perception. As insurance premiums … Read more

CFC has introduced an important update to its Cyber Proactive Response (CPR) coverage, now offering insurance policies specifically designed for the digital health, fintech, and technology sectors. This change, which took effect recently, replaces older cyber policy terms with new CPR wording aimed at addressing the unique challenges these industries face. Tim Boyce, the deputy … Read more

Concerns about tariffs are growing, and they are affecting more than just the prices of goods. Businesses are feeling the pressure on their supply chains, and this is impacting how they manage their workforce. As tariffs rise, companies face higher costs, which can lead to changes in labor practices and increased risks for workers. For … Read more

The company behind the railcar involved in the East Palestine train derailment will not be responsible for contributing to the $600 million settlement that Norfolk Southern reached with residents affected by the incident. An Ohio jury ruled that GATX, the railcar’s owner, is not liable for the damages, despite the fact that a bearing failure … Read more

A federal judge has ruled that North Dakota is entitled to nearly $28 million to cover costs incurred during the protests against the Dakota Access oil pipeline in 2016 and 2017. This decision is a significant victory for the state, which has been seeking reimbursement from the federal government since it filed a lawsuit in … Read more