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A new round of tariffs is set to impact the U.S. insurance industry, particularly for homeowners and auto insurance. On March 4, 2025, President Donald Trump announced a 25% tariff on imports from Canada and Mexico. This decision is expected to create significant challenges for insurers, as noted by AM Best, a credit rating agency … Read more

South Carolina business owners are grappling with rising insurance costs, largely due to the state’s personal injury lawsuit laws. Many entrepreneurs, like Josh Painter from Kirby Sanitation, report premium increases of up to 30% each year. This surge in costs is often passed on to customers, creating a ripple effect across various sectors. A significant … Read more

The global insurance protection gap has reached a staggering £1.4 trillion, which is about US$1.8 trillion. This gap reflects the difference between insured and uninsured losses in areas like life, health, natural disasters, and crop insurance. As climate risks increase and economic losses rise, the insurance industry is facing growing pressure to address this issue. … Read more

Last weekend, South Carolina faced a devastating wave of wildfires that swept across the state. The fires ignited after a dry spell left the land parched, creating the perfect conditions for flames to spread rapidly. More than 100 separate fires were reported, a striking number even for the peak of fire season. Doug Wood, a … Read more

A timber company in Washington has been fined over $114,000 for breaking child labor laws. The case centers around a 17-year-old worker who suffered a foot injury while working in a logging operation for MVR Timber Cutting Company. The Washington State Department of Labor and Industries began looking into the situation in May 2024 after … Read more

Alabama has put a temporary hold on new captive insurance companies and risk retention groups. This decision was announced by Insurance Commissioner Mark Fowler on March 3. The Alabama Department of Insurance will not accept new applications or process registrations during this moratorium, which could last six months or more. The department has asked captive … Read more

The Virginia Supreme Court recently made a significant ruling regarding Amazon Flex drivers, classifying them as employees rather than independent contractors. This decision came after Amazon Logistics attempted to change its argument in court after losing earlier decisions on the same matter. The case began when a Flex driver, Donald Diggs, filed for unemployment benefits. … Read more

The National Fire Academy (NFA) has abruptly canceled all classes, effective immediately, due to funding freezes and staffing cuts from the Trump administration. This decision was announced by the Federal Emergency Management Agency (FEMA), which stated that they are currently reviewing agency programs to align with the administration’s priorities. Instructors were instructed to halt all … Read more

Analysts at AM Best have raised concerns about the impact of new U.S. tariffs on imports from Canada and Mexico, as well as increased tariffs on China. They warn that these changes could negatively affect the insurance industry, especially for homeowners and auto insurance. Sridhar Manyem, a senior director at AM Best, explained that the … Read more

EZLynx has introduced an exciting new tool designed to help independent insurance agents work more efficiently. This tool, called EZLynx Virtual Assistance (EVA), aims to streamline everyday tasks and improve customer interactions. With the insurance market changing quickly, agents need to find ways to save time and focus on growing their businesses. EVA comes packed … Read more