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Around 2020, ransomware attacks surged, changing the cyber insurance world in big ways. What used to be cheap and optional coverage quickly became a must-have for companies of all sizes. Matthew Danielak, head of broking at Willis Towers Watson’s FINEX Cyber division, explained that before ransomware became widespread, cyber insurance was almost an afterthought. Insurers … Read more

Berkshire Hathaway’s utility company, PacifiCorp, is facing a major challenge that could affect power service for hundreds of thousands of people in Oregon. The company is involved in lawsuits tied to huge wildfires from 2020. These fires caused extensive damage, and now PacifiCorp is under the threat of billions of dollars in claims. In a … Read more

French prosecutors have stepped up their investigation into Royal Philips NV over concerns that some of the company’s breathing devices might have put people’s health at risk. The case has been handed to a magistrate with special powers to take a closer look. The move, made in June but announced recently, focuses on possible fraud … Read more

Last Wednesday, a sudden push to introduce tougher rules on hemp products in Texas set off a flurry of activity among local retailers. Staff at Austin Vape & Smoke, a store in South Austin, quickly rallied to spread the word, urging customers and colleagues to contact their lawmakers and oppose any strict limits or bans … Read more

A Massachusetts court has stepped in with a temporary restraining order in a lawsuit brought by Brown & Brown Inc. The suit accuses Howden US Services LLC of running a nationwide effort to lure Brown & Brown’s employees and clients away. Howden has agreed to the court order as the case moves forward. According to … Read more

Cargo theft has changed a lot in recent years. What used to be simple truck-stop robberies are now part of organized scams that cost freight brokers, shippers, and carriers millions of dollars. Chad Eichelberger, president of Reliance Partners, says the crime is bigger and smarter than ever before. Instead of just stealing goods, criminals are … Read more

Insurance brokers and agencies across the US are facing growing challenges as they try to keep up with rapid expansion and complex commission processes. Many are overwhelmed by outdated tools and spreadsheets, leading to frustrated producers, finance teams drowning in carrier statements, and leadership dealing with piles of unapplied cash at the end of each … Read more

Most insurance companies are expecting to see their revenue go up in the next year, but many are not planning to grow their staff at the same pace. According to a recent study by The Jacobson Group and Aon, 81% of insurers expect revenue growth, yet only 53% say they will increase their workforce in … Read more

Pennsylvania is set to receive a $200 million boost to its general fund following a major legal win led by Attorney General Dave Sunday. This funding comes from the Professional Liability Joint Underwriting Association (JUA), an insurance group originally created to provide coverage to high-risk medical providers who might otherwise struggle to find insurance. The … Read more

Chicago-based agency network Renaissance has launched a new set of artificial intelligence tools designed exclusively for independent insurance agents. The suite aims to make agents’ daily work easier by cutting down on repetitive tasks and helping them find new ways to grow. Independent agents often face tough challenges, and Renaissance sees AI as a natural … Read more