Insurers unite in support of weather research bill despite significant NOAA budget cuts

The insurance industry is backing a new bipartisan bill aimed at boosting federal weather research and improving forecasting tools. The move comes at a time when deep budget cuts have hit the National Oceanic and Atmospheric Administration (NOAA), raising concerns among insurers who rely heavily on accurate weather data. On March 4, the Senate Committee … Read more

Ten Major Challenges Facing Specialty Broking – and How InsuranceFest 2026 Plans to Address Them

Last year, a unique festival for insurance professionals drew more than 700 specialists to the Santa Monica Pier, blending a lively festival atmosphere with serious industry discussions. This summer, InsuranceFest 2026 is back, bigger and more focused on the pressing challenges brokers face today. Set for July 16, the event promises to bring together over … Read more

US Investigates Driver Assistance Software in 2.9 Million Tesla Vehicles for Traffic Violations

The U.S. National Highway Traffic Safety Administration (NHTSA) has launched a new investigation into nearly 2.9 million Tesla vehicles that use the company’s Full Self-Driving (FSD) system. This comes after reports of multiple safety issues, including cars running red lights and driving the wrong way during lane changes. So far, there have been over 50 … Read more

Bold Penguin Acquires SquareRisk to Enhance Access to Specialty and E&S Insurance

Insurtech company Bold Penguin has acquired SquareRisk, a digital marketplace that uses artificial intelligence to connect wholesale insurance buyers and sellers. This move gives Bold Penguin users access to a wider range of commercial insurance options, including specialty and excess and surplus (E&S) markets. Bold Penguin, which is a subsidiary of American Family Insurance and … Read more

Leave your mark among this year’s Top Retail Brokers.

Insurance Business is kicking off submissions for its 12th annual Top Retail Brokers list, an annual recognition that shines a light on retail brokers who really made an impact. This list highlights those who have delivered strong results and made a difference in the insurance market. Being named one of the Top Retail Brokers is … Read more

Kyle Busch’s insurance dispute concludes quietly as scrutiny of IUL intensifies

Two-time NASCAR champion Kyle Busch and his wife, Samantha, have settled a lawsuit against Pacific Life Insurance Company concerning an $8.5 million life insurance dispute. The settlement was filed on February 26, bringing an end to claims that they were misled into buying life insurance policies that were promoted as retirement planning tools. The couple … Read more