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In the wake of President Donald Trump’s recent tariffs, the insurance industry is feeling the heat. Following the announcement of what has been dubbed “Liberation Day” tariffs, the S&P Insurance Select Industry Index dropped over 12%. This decline hit reinsurance and property and casualty (P&C) sectors particularly hard. As of now, the reinsurance sector has … Read more

Heavy rains along the Texas-Mexico border have caused severe flooding, leading to ongoing rescue efforts and tragic loss of life. On Friday, the downpour that had trapped residents in their homes and stranded drivers began to ease, but the aftermath of the storms was still being felt across the region. Local officials reported that at … Read more

Are you a young insurance agent, 40 years old or younger? If so, there’s an exciting opportunity for you to share your thoughts about the insurance industry. The Young Insurance Agents Opinion Survey is now open for participation, and organizers are eager to hear from you. This is the final call for agents to take … Read more

Norfolk Southern is seeking financial help from two companies to cover part of a $600 million settlement related to a train derailment in East Palestine, Ohio. This incident, which occurred on February 3, 2023, released toxic chemicals into the environment and led to a significant evacuation of the area. The railroad company has filed a … Read more

Most property owners may not think much about reinsurance, but it’s a crucial part of the insurance landscape. This financial safety net helps insurance companies manage risks and absorb big losses from disasters like hurricanes or wildfires. When major events happen, the reinsurance market feels the impact, which can lead to changes in how much … Read more

Homeowners in the United States can expect to pay more for insurance in 2025. A recent report from Insurify highlights that rising costs are driven by extreme weather events and new tariffs affecting the housing market. The report predicts an 8% increase in the average annual cost of home insurance, bringing it to about $3,520 … Read more

Last week, President Trump announced new tariffs that could significantly impact the cost of cars and construction materials in the United States. The tariffs include a hefty 25% duty on all imported cars and car parts, along with increased tariffs on materials like steel, aluminum, and lumber. This move is part of a broader strategy … Read more

South Korean officials have reported progress in battling the country’s largest forest fire on record. As of Friday, rain and improved weather conditions have helped contain the main fires, allowing more helicopters to take to the skies and drop water on the flames. The wildfires, fueled by strong winds and dry conditions, have claimed the … Read more

The Federal Trade Commission (FTC) is raising concerns about the future of personal data held by 23andMe, a company known for its ancestry testing services, which recently filed for bankruptcy. FTC Chairman Andrew Ferguson expressed these worries in a letter to the U.S. trustee overseeing the bankruptcy process, emphasizing that any buyer of 23andMe’s assets … Read more

RYZE Claim Solutions has made a significant move by acquiring Acorn Claims, a company based in Springfield, Missouri. Acorn Claims specializes in handling daily and catastrophe claims across the United States. This acquisition is part of RYZE’s ongoing strategy to grow and improve its claims management services. The deal strengthens RYZE’s position in the claims … Read more