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Arbella Mutual Insurance Co. is staying true to its independent agent model, even as it faces challenges like changing laws and climate issues. Paul Brady, the new CEO, emphasized this commitment during his recent announcement. He plans to invest in technology and data science to help the company grow in New England. Brady, who has … Read more

Georgia’s Insurance and Safety Fire Commissioner, John King, recently informed state lawmakers about his office’s authority to review agreements between insurers, their affiliates, and holding companies. This announcement came in response to a request from State Senator Nabilah Islam Parkes, who was seeking clarity on the relationships between insurers and their affiliates, including managing general … Read more

The natural disaster protection gap is widening rapidly, now reaching $180 billion, according to a recent report from Zurich’s chief strategy officer, Paolo Mantero. This alarming increase of 65% over the past five years is largely attributed to the impacts of climate change. Mantero shared these insights during a keynote address at the Insurtech Insights … Read more

Wall Street brokers are now selling claims from insurers related to the deadly wildfires in Los Angeles. These claims may lead to payouts from the utilities that are being held responsible for the destruction. Investors are purchasing what are called subrogation claims, which give them the right to seek compensation from utility companies if they … Read more

Tesla is recalling nearly all Cybertrucks in the U.S. due to a potential safety issue. The company announced this recall on Thursday, affecting over 46,000 vehicles made between November 2023 and February 27, 2024. This marks the eighth recall for the Cybertruck since January of this year. The recall is necessary because an exterior stainless-steel … Read more

The U.S. Chemical Safety and Hazard Investigation Board (CSB) is looking into a tragic incident that took place at the PEMEX Deer Park Refinery in Texas on October 10, 2024. During the event, two contract workers lost their lives due to a release of hydrogen sulfide gas, a highly toxic substance. On that day, maintenance … Read more

Greenpeace has been ordered to pay over $660 million to Energy Transfer Partners LP after a jury found the environmental group liable for defamation and conspiracy related to protests against the Dakota Access pipeline. This ruling came from a North Dakota court, where the jury decided that Greenpeace’s actions during the protests nearly a decade … Read more

Munich Re has announced its acquisition of Next Insurance, a digital insurance company that will join its primary insurance business, Ergo. The deal values Next Insurance at $2.6 billion. Notably, Ergo already held nearly 30% of Next Insurance’s shares, and Munich Re was an early investor in the company. The acquisition is set to close … Read more

A new bill in Florida could change how attorney fees are handled in insurance lawsuits. House Bill 1551, currently under review by the state legislature, aims to award legal fees to the winning party in these cases. This proposal is raising eyebrows among industry groups, who worry it may lead to higher litigation costs. Under … Read more

Emmy-winning journalist Molly Grantham is taking a bold step beyond her successful career in broadcast journalism. After over 18 years at WBTV in Charlotte, North Carolina, where she earned two Emmy Awards and numerous accolades, Grantham decided to leave her stable job in early 2024 to pursue new opportunities. Grantham is now a keynote speaker, … Read more