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The construction industry is facing serious challenges as supply chain issues continue to disrupt project timelines and increase costs. From shortages of electrical panels to delays in getting pickup trucks, these problems are affecting not just construction but also the insurance landscape. Brent Aycock, a managing director at Higginbotham, shared insights on the current state … Read more

The marine insurance industry is experiencing notable changes in pricing and risk management, according to a recent report by Gallagher Specialty. The Q2 2025 Marine Hull & Machinery and War Risks Market Update highlights a shift in the market dynamics that could impact both insurers and clients. Currently, the hull and machinery segment is softening, … Read more

Oracle Corp. recently informed its customers about a security breach where hackers accessed and stole old client login credentials. This incident marks the second cybersecurity issue the company has disclosed in just a month. According to sources familiar with the situation, Oracle staff alerted some clients this week that the attacker managed to obtain usernames, … Read more

Brown & Riding, a Dallas-based insurance firm, has announced the appointment of Robert Conyers Jr. as the leader of its environmental practice. Conyers, who has been with the company since 2017, was promoted to principal in 2023 and will now work alongside Jeff Hubbard to enhance the firm’s environmental services. With more than eight years … Read more

California Governor Gavin Newsom is taking a stand against the potential fallout from President Donald Trump’s proposed tariffs. In a recent post on social media, Newsom expressed his intent to seek exemptions for products made in California from these tariffs and to initiate discussions with global partners about new trade opportunities. He aims to position … Read more

A Texas appellate court has made a significant ruling regarding an insurance dispute involving Exxon Mobil Corporation. The court recently overturned a $25 million judgment that had been awarded to Exxon in its case against Lexington Insurance Company. This decision has important implications for both insurers and corporate policyholders. The case dates back to an … Read more

As tariffs on imports rise in the United States, businesses are feeling the financial pinch. This situation is driving up the demand for trade credit insurance, which helps protect companies against the risk of nonpayment from buyers. The changes in the market are prompting insurers to rethink their strategies as they face new economic pressures. … Read more

Florida’s insurance market is facing serious challenges as new investigations reveal troubling practices among insurers. Many homeowners in the state are now dealing with soaring premiums, and experts believe this is largely due to the lack of proper oversight in the industry. Chip Merlin Jr., a lawyer and insurance advocate, highlighted the "egregious failures of … Read more

Researchers at Colorado State University (CSU) have made an early prediction for the 2025 Atlantic hurricane season, forecasting it to be above average. Their initial report, released on April 3, outlines expectations for 17 named storms, nine hurricanes, and four major hurricanes, which are classified as Category 3 or higher, with winds of at least … Read more

At 2 a.m. on Friday, Rick Saldaña was driving back to Edinburg from Mercedes when disaster struck. The roads were flooded, and the frontage roads leading to the expressway looked like lakes. Many cars were abandoned as drivers found themselves unable to continue. The heavy rain kept pouring down, and winds reached speeds of about … Read more