Meta and Google hit by major new court case, while carriers have already secured court protection

A Los Angeles jury recently delivered a major ruling against Meta and Google’s YouTube, finding both companies negligent for the mental health harm caused to a young user. The case, brought by a 20-year-old woman known only as K.G.M., focused on Instagram and YouTube’s design features—like algorithm suggestions, endless scrolling, and autoplay—which the jury said … Read more

Top Agency to Work For – West Region: Kulchin Ross

A small Southern California insurance firm is proving that being kind and caring can lead to big success. Kulchin Ross Insurance Services LLC has built a reputation not just for serving its customers, but for focusing on its people. The company recently earned the Gold Award for Best Agency to Work For in the West … Read more

Business Developments: MNK International Acquires Turkish Brokerage; Specialist Risk Group Purchases Healthcare Consultancy Focused on UK Professional Sports

MNK International, a Lloyd’s broker based in London, has taken a big step by acquiring a new brokerage firm in Turkey. Although the purchase price was not disclosed, this move signals MNK’s intention to expand its reach in the Turkish insurance market. The new branch, MNK International Türkiye, will be based in Istanbul and focus … Read more

Professional lines demand comprehensive advisory expertise due to rapidly changing markets.

Professional liability insurance is shifting as the commercial insurance market faces new challenges with pricing, risks, and regulations. Mitchell Brown, a leader in commercial insurance and risk management at Rate Insurance, says brokers and clients need to rethink their approach. Instead of just focusing on securing policies, they should offer real advice and build better … Read more

Crawford names W. Bruce Swain as CEO.

Crawford & Company has made W. Bruce Swain Jr. its permanent president and CEO, ending his interim role that started at the beginning of this year. The Atlanta-based claims management company’s board of directors approved the appointment immediately. Swain has been part of Crawford for over 30 years, including 19 years as its chief financial … Read more

Can AI calm the turbulence in aviation insurance?

The private aviation insurance market is shifting again, moving back toward softer conditions after years of tough pricing and tight underwriting. This change is mainly due to more insurance companies entering the market, which has increased competition and pushed premiums down. However, challenges remain as the cost of claims keeps rising. Jason Riley, managing partner … Read more

GEICO Files Lawsuits Against Medical Companies in Florida and New York Alleging No-Fault Auto Fraud

GEICO has taken legal action against several medical companies in Florida and New York, accusing them of running expensive fraud schemes involving no-fault auto insurance claims. The insurance company filed lawsuits earlier this month targeting firms it says submitted false claims for medical treatments and equipment that weren’t really needed. In Tampa federal court, GEICO … Read more

Bishop Street Underwriters Unveils MGA Incubator Initiative

Bishop Street Underwriters has launched a new program called Bishop Street Program Managers (BSPM), designed to help specialty managing general agents (MGAs) get started quickly. Backed by a strong platform with $600 million in gross written premium, BSPM offers all the tools and support needed to launch an MGA in as little as 90 days. … Read more

Starr finalizes IQUW acquisition, broadening specialty and reinsurance presence

Starr has finalized its purchase of IQUW Group, creating a bigger specialty reinsurance and insurance business with operations in London, Bermuda, and the UK motor market. This merger expands Starr’s reach and builds on its position at Lloyd’s of London, where the newly combined entity becomes the ninth-largest managing agent. The deal brings together both … Read more