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Residents of Jefferson Parish, Louisiana, may soon see lower flood insurance costs thanks to an improved rating from the National Flood Insurance Program’s Community Rating System (CRS). Starting October 1, the parish’s CRS rating will move up from Class 5 to Class 3, making it the first community in Louisiana to reach this level. The … Read more

Specialist insurer CFC has named Christyn Yoast as its new global head of commercial. She is set to begin in January 2026 and will be based in New York as the company pushes forward with its international growth plans. CFC is in the middle of a big expansion period, opening new offices and launching new … Read more

The aviation insurance market faced a tough year in 2025. Insurers dealt with more claims, tricky risks, and new rules, according to a recent report by Gallagher Specialty. Airlines, especially those in the US or with big US exposure, saw insurers demand higher prices to cover growing losses. This shift came after years of insurers … Read more

Zurich Insurance Group has made a new offer to buy Beazley plc, proposing to pay 1,280 pence in cash for each Beazley share. This offer represents about a 56% premium over Beazley’s closing share price on January 16, 2026. Zurich’s updated bid comes after Beazley’s board rejected an earlier proposal of 1,230 pence per share, … Read more

Allied Stone Inc., a company based in Dallas, Texas, and its President, Jia “Jerry” Lim, have agreed to pay $12.4 million to settle claims that they cheated the U.S. government on import duties. The company and Lim were accused of intentionally avoiding antidumping and countervailing duties on quartz surface products imported from China over more … Read more

U.S. excess and surplus (E&S) insurers continue to see strong growth, with direct written premiums rising for the seventh year in a row. According to Fitch Ratings, these premiums grew by 11% in 2024. While that’s a bit slower than the 15% jump seen in 2023, it’s still notably higher than the 8% growth reported … Read more

California Attorney General Rob Bonta has joined a group of 20 attorneys general in urging a federal appeals court to uphold a ruling that allows an employee to sue Liberty University for sex-based discrimination. The case involves Ellenor Zinski, a transgender woman who says she was fired after Liberty University found out about her gender … Read more

Crypto insurance is still a small market, even though digital assets are growing fast. One big reason is that there isn’t enough solid data on losses, which makes it hard for insurers to set fair prices or offer confident coverage. Alex Krasnow, a blockchain and web3 insurance expert at IMA Financial Group, explained that while … Read more

Ames & Gough, a well-known insurance brokerage and risk management consultancy based in Washington, DC, has announced new leadership changes. Thomas Marchetti is stepping into the role of president, taking over from Matthew Gough, who will now serve as the company’s chief executive officer. Marchetti, who joined Ames & Gough in 2010, brings years of … Read more

Dan Spragg, president of Berkley Select, recently shared insights on how distribution and underwriting in insurance are evolving. Speaking with Insurance Business TV, Spragg highlighted the growing role of artificial intelligence and the expansion of the excess and surplus (E&S) market. He also emphasized the importance of keeping strong connections with retail agents amid these … Read more