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Encova Insurance, based in Columbus, Ohio, has announced two new vice president appointments. Zach Webber will lead as vice president of corporate actuarial, while Boppana Rao takes on the role of vice president for enterprise digitization, AI, and data. Webber brings nearly 20 years of experience working with both commercial and personal insurance lines. He … Read more

Traditional insurance, especially for property, is losing its edge as a reliable and affordable way to manage risk. Experts point out that many homeowners are now skipping insurance altogether because rates have soared to levels that just don’t make sense. In fact, about a quarter of homeowners in some areas are going without coverage, highlighting … Read more

Insurance companies are changing the way they handle workplace injury claims by using smart technology and expert teams to keep costs down and help workers recover faster. These companies are turning to artificial intelligence to look at billing data as it happens. This allows them to find the cheapest good-quality care options within their networks. … Read more

The insurance industry is facing tough challenges right now. Severe natural disasters, rising inflation, and high interest rates have led many companies to pull back coverage or refuse renewals. This leaves both insurance agents and customers in a bind, struggling to find the right policies and support. Amid these difficulties, technology—especially artificial intelligence (AI)—is starting … Read more

The Trump administration has unveiled a major nuclear energy deal that could bring $80 billion worth of new Westinghouse reactors to the U.S. This agreement, made with Westinghouse’s owners—Canada-based Cameco and Brookfield Asset Management—includes government support for financing and securing permits needed to build the reactors. In return, the U.S. government stands to gain up … Read more

Cargo theft is on the rise and causing big headaches for truckers and logistics companies across the country. In fact, theft of goods being hauled by trucks jumped 27% in 2024, according to Verisk CargoNet data. Experts warn it’s likely to get even worse next year, with the National Insurance Crime Bureau forecasting another 22% … Read more

Global commercial insurance rates continued to ease in the third quarter of 2025, with an overall drop of about 4%, according to John Doyle, president and CEO of Marsh McLennan. The decline was mainly led by property insurance costs. This marks a continuation of the softening trend seen in the previous quarter, which also recorded … Read more

Insurance broker Aon shared strong results for the third quarter of 2025, reporting $4.0 billion in revenue, up 7% from $3.7 billion in the same quarter last year. This steady growth matched last year’s organic revenue gain but exceeded what Wall Street analysts had expected. Aon’s net income for the quarter also saw a significant … Read more

AM Best has kept its Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) for NASW Insurance Co. (NASWIC), based in Washington, D.C., but the ratings remain under review with negative implications. This means there’s some uncertainty about the company’s future. NASWIC has a strong balance sheet and solid operating … Read more

Thick smoke filled the air over Gregory, Texas, on Wednesday evening as a wildfire known as the Mill Fire spread through this small community about 150 miles southeast of San Antonio. Firefighters managed to contain roughly half of the 15-acre blaze, but residents in the northern part of town were told to leave their homes … Read more