Article

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

Texas Attorney General Ken Paxton has launched an investigation into TP-Link Systems Inc., a company that makes networking devices, over concerns that it might be helping the Chinese government access users’ data. Paxton’s office will look into whether TP-Link has been honest with consumers about its connection to China, if its products have security weaknesses … Read more

Ford is recalling more than 4.3 million pickup trucks and SUVs in the U.S. due to a software glitch that may cause trailer brakes and exterior lights to stop working while towing. This issue poses safety risks for drivers and raises concerns for insurance companies and fleet operators. The recall affects a range of models, … Read more

A surge of Japanese investment in the United States is set to impact not just infrastructure and manufacturing but also the insurance market that supports these sectors. Kenyu Okuda, president and CEO of Tokio Marine America, shared insights on how this influx could bring new risks for insurers and boost premium growth. In July 2025, … Read more

State Farm is giving back to its auto insurance customers in a big way this summer. The company announced a $5 billion dividend that will be paid out to qualifying policyholders, making it the largest payout in its history. This one-time payment will cover more than 49 million vehicles insured by the company, with an … Read more

Exxon Mobil has decided to delay its plan to build a huge new plastics plant in Calhoun County, Texas. The $10 billion project on the Gulf Coast was supposed to start construction next year, but the company says current market conditions have led them to slow things down for now. The plant was designed to … Read more

Walmart is facing a lawsuit for mistreating two employees with intellectual disabilities at its Mount Pleasant, Wisconsin store. The U.S. Equal Employment Opportunity Commission (EEOC) filed the case, accusing Walmart of refusing to provide a job coach and allowing supervisors to create a hostile work environment. The problem took place in late 2021, when the … Read more