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A group of bunker residents and lessees has filed a class-action lawsuit against Vivos xPoint Investment Group, the California-based owner of a former military munitions site near Edgemont, South Dakota. The lawsuit claims that the leases offered to those renting underground concrete bunkers—often called “igloos”—are illegal and unenforceable, and it could lead to the company … Read more

Starr, a worldwide investment and insurance company, has agreed to buy IQUW Group, a specialty insurance and reinsurance firm that uses data and analytics alongside underwriting skills. The deal, which is still pending regulatory approval, is expected to close in the first half of 2026. Though financial details were not shared, this acquisition will help … Read more

Thomas Evans, Jr. of Biglow & Company, Inc. in Fox Lake, Illinois, has been named the new president of Big I Illinois. The announcement came during the organization’s annual convention held earlier this month in Peoria. Evans will lead the group for the next year, taking on the role of representing Illinois insurance agents at … Read more

Homeowners across Oklahoma are saving big on their insurance premiums this year thanks to efforts by the Oklahoma Insurance Department’s Fire Protection Classification Division. In 2024 alone, these efforts have helped residents save around $22 million on their insurance costs. The savings come from improvements in fire protection ratings across the state. These ratings, which … Read more

Southern California Edison (SCE) announced it will provide millions of dollars in compensation to families who lost loved ones in the Eaton Fire, which swept through greater Los Angeles in January 2025. The blaze burned 14,000 acres, destroyed thousands of homes and businesses, and claimed the lives of 19 people. The utility company, owned by … Read more

California Insurance Commissioner Ricardo Lara has introduced a new regulation aimed at tackling rising insurance costs and protecting the state’s insurance market from future risks. The proposed Long-Term Solvency Regulation would give the California Department of Insurance more tools to oversee how companies manage future threats, including climate change and technological challenges. The regulation asks … Read more

Investors in Jamaica’s catastrophe bond are now facing a full payout after Hurricane Melissa struck the island as a devastating Category 5 storm. The $150 million bond is expected to be triggered completely, providing crucial funds to help Jamaica recover from the severe damage caused by Melissa. Florian Steiger, CEO of Swiss investment firm Icosa … Read more

Insurance agencies looking to grow their business have a new approach to connect with potential customers before any quote is requested. A recent sponsored series by EZLynx highlights how creating useful content on agency websites and sharing it through social media can build trust and keep prospects engaged during their research phase. Most people don’t … Read more

Cyber insurance is no longer just a concern for businesses. As digital risks grow, they are affecting individuals and families too. Mila Araujo, AVP at DigitalShield and leader of the personal cyber insurance practice at NFP, shared insights on how this type of coverage is slowly becoming a regular part of personal insurance. Araujo points … Read more

Data center developers are under pressure to build more capacity as global investment in digital infrastructure is set to exceed $1 trillion this decade, with hyperscale spending alone expected to top $260 billion in 2025. But as these projects get bigger and involve more advanced technology, traditional insurance policies are struggling to keep up. This … Read more