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Travelers has taken State National Insurance Company to federal court over a construction injury claim linked to a Bronx housing project. The lawsuit, filed on February 24, 2026, in the US District Court for the Southern District of New York, centers on a dispute about insurance coverage and contractual obligations during a construction job. The … Read more

State Farm has taken legal action against a New York medical practice, accusing it of running a large-scale fraud scheme across more than 90 clinics. The insurance company filed the lawsuit on February 25, 2026, in the US District Court for the Eastern District of New York. The defendants include Atlantic Medical & Diagnostic, P.C. … Read more

Three insurance-related companies have shared their financial results for the final quarter and the full year of 2025, all showing growth in revenue across their businesses. The Baldwin Group, which distributes insurance independently, reported revenue of $347.3 million in the last three months of 2025, marking a 5% rise compared to the same time the … Read more

Higginbotham has added a new member to its team by acquiring Stephens Insurance Services, a benefits-focused company based in Lubbock, Texas. This move aims to combine strong local connections with more resources to improve service across West Texas and eastern New Mexico. Stephens Insurance Services is known for its work in three main areas: group … Read more

Trust in insurance salespeople is at a low point, with only 12 percent of Americans saying they believe these professionals are honest and ethical, according to a recent Gallup poll. By comparison, nurses topped the list with a 78 percent trust rating, while car salespeople are almost as mistrusted as insurance agents, scoring just 8 … Read more

Special Contingency Risks (SCR), a business under WTW, has introduced a new insurance add-on aimed at supporting people who have been taken hostage. This new option, called Enhanced Victim Support (EVS), is part of a special partnership with Hostage International, a charity that helps former hostages and their families. The EVS extension offers extra help … Read more

Bishop Street Underwriters has secured a major $125 million investment from White Mountains Insurance Group, giving a big boost to one of the fastest-growing managing general agency (MGA) platforms in the U.S. This capital injection comes just two years after Bishop Street was founded by Chad Levine, former chief strategy officer at Aon Affinity, and … Read more

US annuity sales hit a new high in 2025, reaching $461.3 billion—a 6% increase from the previous year. This marks the fourth year in a row of record-breaking sales, driven largely by retiring baby boomers and worries about outliving their savings. According to LIMRA, a group that tracks insurance industry data, fourth-quarter annuity sales jumped … Read more

State Farm has announced a landmark payout for its auto insurance customers after posting strong financial results for 2025. The company reported a net income of $12.9 billion and approved a $5 billion cash-back dividend, the biggest in its 103-year history. This dividend covers more than 49 million insured vehicles and averages about $100 per … Read more

John Cicchelli has been named the new head of the employee benefits practice at World Insurance Associates LLC. He will be based at the company’s headquarters in Iselin, New Jersey. Cicchelli will lead efforts to grow the business, focusing on expanding markets and developing new products across North America. Cicchelli brings three decades of experience … Read more