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Root Insurance has expanded its unique car insurance model to Washington, adding to its presence on the West Coast alongside Oregon and California. The company uses a smartphone app to track how people drive and then sets insurance rates based on those habits. When new customers sign up through the app or online, they take … Read more

Venture capital firms are facing a new challenge in the world of directors and officers (D&O) insurance. Once seen as low-risk, these firms now find themselves dealing with more claims and rising legal expenses. This change is linked to the roles venture partners play on portfolio company boards, financial troubles within startups, and the broad … Read more

Per- and polyfluoroalkyl substances, or PFAS, known as "forever chemicals," continue to spark concern in the environmental insurance world. Though insurers are getting more comfortable with the risks, PFAS still creates challenges in coverage and claims. Jared Dubrowsky, executive vice president of environmental at Howden US, explained that while PFAS used to be a little-known … Read more

Online life insurance company Ethos began trading publicly on Thursday at its $19 offering price. However, its shares quickly dropped about 15% in early trading. The decline lessened by midafternoon but still left the stock well below its initial price. The company’s roughly $200 million fundraising values Ethos at about $1.2 billion. Still, investors seem … Read more

The Sunnybrook Union, representing teachers and support staff in the Sunnybrook School District in Lansing, Illinois, has agreed to pay $110,000 to settle a race discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). The case involved a black custodian who was denied a promotion to head custodian because of his race. According … Read more

New Jersey has passed a new law to make it easier for people to know about and deal with lead in their drinking water. This law requires landlords to tell tenants if there could be lead in the water and stops landlords from blocking efforts to replace lead pipes. It also lets people who get … Read more

The commercial auto insurance sector in the U.S. is facing another tough year, according to a recent report from AM Best. For the 14th year in a row, commercial auto insurance has recorded an underwriting loss. In 2024 alone, these losses totaled nearly $5 billion, adding to more than $10 billion in losses over the … Read more

Insurance Business is now accepting entries for its fifth annual Fast Brokerages list, spotlighting insurance brokerages across the US that have seen remarkable growth in the past year. The initiative aims to recognize firms that are expanding quickly and making a significant impact in the market. Brokerages interested in participating need to complete an entry … Read more

MSIG USA is changing the way it handles specialty insurance by putting data at the heart of everything it does. This new approach is shaping how the company underwrites policies, runs its operations, and sets technology priorities. According to Prashant Hinge, the company’s chief information and transformation officer, the goal is clear: to become a … Read more

Businesses in Minnesota are feeling the strain as protests against ICE’s immigration enforcement continue to cause disruptions. From supply chain delays to concerns about employee safety and property damage, companies are dealing with familiar challenges. Yet experts say the bigger problem isn’t just the protests themselves, but the deepening political divide shaking the country. Sam … Read more