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US annuity sales hit a new high in 2025, reaching $461.3 billion—a 6% increase from the previous year. This marks the fourth year in a row of record-breaking sales, driven largely by retiring baby boomers and worries about outliving their savings. According to LIMRA, a group that tracks insurance industry data, fourth-quarter annuity sales jumped … Read more

State Farm has announced a landmark payout for its auto insurance customers after posting strong financial results for 2025. The company reported a net income of $12.9 billion and approved a $5 billion cash-back dividend, the biggest in its 103-year history. This dividend covers more than 49 million insured vehicles and averages about $100 per … Read more

John Cicchelli has been named the new head of the employee benefits practice at World Insurance Associates LLC. He will be based at the company’s headquarters in Iselin, New Jersey. Cicchelli will lead efforts to grow the business, focusing on expanding markets and developing new products across North America. Cicchelli brings three decades of experience … Read more

Danny Lakey and his wife used to spend quiet evenings on their front porch in rural Hood County, Texas, watching the sun set over nearby grazing cows. That peaceful life was what they hoped for when they bought their log home in 2021. Now, their rocking chairs sit mostly empty. Since 2023, a large cryptocurrency … Read more

A friendly soccer match between Argentina and Puerto Rico has been moved from Chicago to Florida. The game, which was set to take place on October 13 at Chicago’s Soldier Field, will now be held at Chase Stadium in Fort Lauderdale. This smaller venue is home to Inter Miami CF, the club where Argentine star … Read more

The real estate insurance market is showing signs of easing, offering a rare chance for buyers to score better deals. Brokers say the property and hospitality insurance sectors are becoming more competitive, leading to softer prices, though liability insurance remains a tough area. Lockton’s update from February 2026 highlights increasing competition among insurers, especially in … Read more

Hagerty Inc. shared its financial results for 2025, revealing a year of strong growth and record achievements. The specialty vehicle insurer saw its total revenue rise 17% to $1.46 billion, while net income nearly doubled, jumping 91% to $149 million. This growth was fueled by a surge in new members and expanding business lines. The … Read more

Most independent insurance agencies are gearing up to use more artificial intelligence (AI) in the coming year, signaling a shift in how these businesses operate. According to the recent "2026 Big ‘I’ Agents Council for Technology Tech Trends Report," about two-thirds of independent agents plan to boost their AI use, with 38% very likely and … Read more

The U.S. Department of Labor is providing nearly $900,000 to Texas to help people affected by the recent severe storms. This funding will support jobs and training programs for residents struggling to recover from widespread damage and flooding. The heavy rains started on July 2, 2025, and didn’t let up until July 18. One of … Read more

The MEMIC Group, a workers’ compensation insurance provider, is set to distribute a $19 million dividend to over 17,000 policyholders in Maine next month. This payout is based on how well the company performed financially, the claims filed, and the efforts made by insured businesses to create safer workplaces during 2022. This dividend equals about … Read more