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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

Rhode Island is moving forward with a new law that will require all school buses to have video systems. These cameras are meant to catch drivers who illegally pass stopped school buses, helping keep students, bus drivers, and aides safe. Governor Dan McKee signed the legislation into law today during a ceremony at Pleasant View … Read more

Starting soon, insurance companies that offer auto liability coverage in Missouri will need to register with the state’s new uninsured motorist program. This comes as part of the Missouri Insurance Verification System, or MOIVS, which aims to make it easier to check in real time if drivers have the required insurance. The Missouri Department of … Read more

Allianz SE has teamed up with artificial intelligence company Anthropic to bring AI technology into the insurance giant’s daily operations. The deal, announced on January 9, 2026, aims to help Allianz improve its services, speed up processes, and set clear standards for accuracy. The partnership covers three main projects. The first will introduce Anthropic’s Claude … Read more

The Andover Companies have completed a major restructuring, officially changing to a mutual holding company (MHC) setup as of January 1, 2026. This move was approved by the Massachusetts Division of Insurance and supported by policyholders of both Merrimack Mutual Fire Insurance Company and Cambridge Mutual Fire Insurance Company. Under the new structure, Merrimack Mutual … Read more