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Independent insurance agents are finding new ways to grow their businesses, particularly by exploring the commercial insurance market. With a strong demand for commercial property and casualty insurance, agents are looking for opportunities to diversify their portfolios and increase revenue. A recent report from McKinsey highlights that premiums in the global commercial insurance sector have … Read more

Landlord insurance is becoming more expensive, and it’s a trend that many property owners are feeling. Over the past few years, costs have surged, mainly due to increased claims from natural disasters. While the property insurance market is starting to stabilize, liability insurance is now the next big hurdle, especially for multi-family properties. These types … Read more

CRC Group has recently made a significant shift in its identity, moving from being a bank division to an independent insurance wholesaler. This change is not just cosmetic; it reflects a deeper understanding of who they are and what they want to achieve. Earlier this year, CRC Group announced a strategic rebrand aimed at unifying … Read more

Business operations are facing significant challenges from four major trends: trade, technology, climate, and workforce dynamics. This insight comes from Aon plc’s recent Client Trends 2025 report, which highlights how these trends are increasingly connected and influencing the risks businesses encounter. The report, created with input from Aon’s Risk Capital and Human Capital teams, emphasizes … Read more

Prosecutors in Kentucky have announced the indictment of a tobacco warehouse manager for his role in a significant crop insurance fraud scheme. Thomas H. Kirkpatrick, who manages the Farmers Tobacco Warehouse in Danville, is accused of conspiring with several farmers to create false documentation. This paperwork allowed the farmers to misrepresent their crop expenses and … Read more

California Governor Gavin Newsom has taken a bold step by filing a lawsuit against President Donald Trump over his recent tariffs. This legal action aims to challenge Trump’s use of emergency powers to impose tariffs on imports from Mexico, China, and Canada. Newsom argues that these tariffs are harming consumers and businesses in California, which … Read more

1Fort, a new player in the business insurance sector, has successfully raised $7.5 million in a funding round that attracted significant interest. Bonfire Ventures led this oversubscribed round, with other notable participants including Draper Associates, Ramp’s founder Karim Atiyeh, and existing investors like Village Global and Operator Partners. With this latest investment, 1Fort’s total funding … Read more

Arthur J. Gallagher & Co., a prominent player in the insurance industry, is making waves with its rapid growth and strategic acquisitions. As of May 2025, Gallagher has become the world’s third largest insurance brokerage, thanks to its aggressive approach to expanding both nationally and internationally. The company has been reshaping the insurance landscape by … Read more

Diversity in the insurance industry is a pressing issue, as highlighted by recent discussions among leaders in the field. Despite the industry’s focus on risk management and resilience, many boards still lack representation, particularly for women and people of color. Chris Davis reports on the current state of diversity in insurance and the urgent need … Read more

In a recent episode of Insurance Business TV, Danny Kaufman, the president of Burns & Wilcox, discussed the company’s recognition as one of the top five wholesale brokers and managing general agents (MGAs) for the year. This acknowledgment highlights the firm’s significant impact in the insurance industry. Kaufman shared insights into the insurance lines that … Read more