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Natural disasters caused over $53 billion in insured losses worldwide in the first quarter of 2025, with California’s wildfires accounting for a staggering $38 billion of that total. This figure represents 71% of global insured losses, according to a report by Aon. The losses during this period were significantly higher than the average for the … Read more

The Trump administration’s recent decision to shut down the National Oceanic and Atmospheric Administration’s (NOAA) disaster database is raising alarms among insurers and climate experts. This database, which has been crucial for tracking severe weather events and their financial impacts, will no longer be available, leaving many in the insurance industry worried about how they … Read more

In a significant shift within the insurance landscape, a recent survey from Travelers reveals that nearly one-third of companies change their insurance brokers or carriers following mergers and acquisitions. This trend comes at a time when deal-making is booming again in 2025, as businesses reassess their insurance needs in light of new operations and risks. … Read more

A fan of quarterback Shedeur Sanders has filed a lawsuit against the NFL for $100 million. This comes after Sanders, who played at the University of Colorado, unexpectedly slid to the fifth round during the 2025 NFL Draft. The fan claims that the circumstances surrounding his draft position caused emotional distress and financial loss. Sanders … Read more

More than half of small business leaders are optimistic about the role of artificial intelligence (AI) in improving worker safety in the next five years, according to a recent report from Pie Insurance. The survey, which included over a thousand small business decision-makers, revealed that 64% believe AI will be crucial for workplace safety soon. … Read more

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has taken a significant step regarding workers’ compensation insurance rates. On Wednesday, the governing committee approved a plan to submit a new filing for pure premium rates. This filing is set for September 1, 2025, and it proposes rates that are, on average, 11.2% higher than … Read more

Arthur J. Gallagher & Co. is making headlines with its impressive growth in the insurance industry. A new report reveals how the company has risen to become the third-largest insurance brokerage in the world. This detailed analysis sheds light on Gallagher’s journey from a lesser-known player to a dominant force in the market. The report, … Read more

The program insurance market is experiencing rapid growth, but signs suggest it may be entering a more uncertain phase. Rates are beginning to decline, while the pressure from litigation is increasing, making risks harder to predict. Despite ongoing investment and innovation, there is a growing concern about the sustainability of this expansion. At the 2025 … Read more

The insurance industry is seeing a significant change as agents adapt to new technologies. This shift is driven by the increasing use of artificial intelligence and digital tools, which are making many processes more efficient. However, these advancements are also prompting agents to rethink their roles and how they provide value to clients. Jack Ramsey, … Read more

U.S. and Canadian auto sales are expected to take a significant hit this year, with a forecasted decline of 1.8 million vehicles. This grim outlook comes from an automotive advisory firm based in the Detroit area, which warns that if the global trade war worsens, sales could remain stagnant for the next decade. According to … Read more