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Buyers of directors and officers (D&O) liability insurance have enjoyed a favorable market in recent years, with consistent rate decreases thanks to strong competition among insurers. However, this trend may soon change as new challenges arise in the marketplace. Analysts from AM Best have pointed out that past losses and rising expenses are beginning to … Read more

A plumbing contractor has been ordered to pay $1 million in restitution after being found guilty of workers’ compensation fraud. Daniela G. Birdwell, the 41-year-old owner of GPS Plumbing, entered a guilty plea to one count of insurance premium fraud. In addition to the hefty restitution, a judge sentenced her to two years of formal … Read more

Lincoln Financial Group has released its financial results for the first quarter of 2025, showing a mixed performance amid ongoing economic challenges. The company reported an adjusted operating income of $280 million, equivalent to $1.60 per diluted share. However, it also faced a significant net loss of $756 million for common stockholders, translating to $(4.41) … Read more

Oklahoma has taken a significant step in updating its insurance regulations with the passage of House Bill 1498. This new legislation introduces major changes to the state’s insurance code, focusing on data security and the regulation of prepaid funeral benefits. The bill is set to go into effect on November 1, 2025. One of the … Read more

Starwood Capital Group and Unum Group have made significant leadership changes that highlight their commitment to growth and innovation in the insurance sector. On May 9, 2025, Starwood Capital announced the appointment of Rob Allard as the chief investment officer for its new division, Starwood Insurance Strategies. This division aims to explore investment opportunities related … Read more

AM Best has recently changed its outlook for Loudoun Mutual Insurance Co., based in Waterford, Virginia, from stable to negative. This shift comes as a result of the company’s declining performance in underwriting and operations over recent years, which has also led to a drop in its risk-adjusted capitalization. Despite the negative outlook, AM Best … Read more

Federal officials have recently criticized a major coal plant near the Ohio River for improperly managing a massive pile of coal waste. This pile, which is so large it could fill the Dallas Cowboys’ football stadium twice, poses a serious risk to groundwater due to heavy metal pollution. The coal ash, a byproduct of burning … Read more

Retired coal miner Stanley “Goose” Stewart is raising concerns about safety in the mining industry. His worries come as the Department of Government Efficiency, led by Elon Musk and created under President Donald Trump, pushes for cuts that could compromise mine safety. The plan includes shutting down about three dozen offices of the Mine Safety … Read more

Florida has taken a significant step in the insurance landscape by passing new legislation that removes the requirement for agents to demonstrate diligent effort when placing policies in the non-admitted, or surplus lines, market. This change, enacted through House Bill 1549, aims to simplify the process for both agents and consumers seeking insurance coverage. Previously, … Read more

The rising cost of housing in the United States has been widely discussed, but there’s another important issue that isn’t getting as much attention: the increasing expenses related to rebuilding homes after damage. Many homeowners may not realize that the gap between what their insurance covers and the actual costs of reconstruction is widening. Mary … Read more