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Pennsylvania’s Supreme Court has ruled that surety companies are not subject to the state’s insurance bad faith law, but they must participate in arbitration when disputes arise. The decision came on February 18, ending a legal battle that started more than 15 years ago over a construction project at Penn State University. Back in 2008, … Read more

A rare Pokémon trading card recently made headlines after selling for a staggering $16.5 million, setting a new world record for the most expensive trading card ever auctioned. The card, a Pikachu Illustrator graded PSA 10, was sold by influencer and WWE star Logan Paul through the auction house Goldin. The buyer, venture capitalist AJ … Read more

Residents of Jefferson Parish, Louisiana, are set to see lower flood insurance premiums starting October 1. The parish has improved its rating in the National Flood Insurance Program’s Community Rating System (CRS), moving from Class 5 to Class 3. This upgrade means bigger discounts for those living in flood-prone areas. The CRS is a program … Read more

The U.S. Environmental Protection Agency (EPA) has reached a settlement with Orlando Askins and his companies, Askins Development Group LLC and Shaw Holding Group LLC, over violations of federal lead paint rules. Since 2015, these companies have been renovating several homes in urban St. Louis without following safety regulations meant to protect people from harmful … Read more

For over 14 years, the commercial auto insurance sector in the U.S. has faced consistent losses, and 2024 was no different. According to a recent report from insurance rating agency AM Best, the industry saw nearly $4.9 billion in underwriting losses this year, marking the 14th straight year of financial setbacks. The losses in 2023 … Read more

Inflation is driving up the cost to rebuild, repair, or replace business property, but many small business owners haven’t updated their insurance coverage to keep pace. This gap can leave them underinsured and vulnerable if damage occurs. Prices for key construction materials like steel and aluminum have jumped by more than 13% and 22% over … Read more

The U.S. Supreme Court has struck down the emergency tariffs put in place by the Trump administration, a decision that is set to ripple through the insurance industry and beyond. The court ruled 6-3 that the administration overstepped its powers under the International Emergency Economic Powers Act (IEEPA), striking a significant blow to a key … Read more

On Friday, the U.S. Supreme Court struck down President Donald Trump’s broad “Liberation Day” tariffs, a move that sent transportation and logistics stocks higher. The Court ruled 6–3 that Trump had overstepped his power by using emergency legislation to impose wide-ranging tariffs on imports. This decision removes the 10% tariff on many goods as well … Read more

President Donald Trump said on Friday that he is considering a limited military strike on Iran. This announcement has left markets and insurers uneasy as the United States builds up its largest military presence in the Middle East in more than 20 years. At a White House breakfast with U.S. governors, Trump acknowledged he was … Read more

Two Delta Air Lines regional jets bumped into each other while taxiing on the tarmac at New York’s LaGuardia Airport Wednesday night. The slow-speed collision caused minor injuries to one flight attendant and sparked an investigation by federal authorities. Both jets were CRJ-900 models operated by Endeavor Air, a regional carrier for Delta. Flight 5047, … Read more