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A former insurance agent from Georgia has admitted to using more than $200,000 from one client’s policy to pay for other expenses, including premiums for other customers. Jeremy Lasseter, who worked for Alfa Insurance in Warner Robins, pled guilty this week in federal court. He faces up to 30 years in prison, a potential $1 … Read more

Cyber risks are changing quickly, but for many small and mid-sized businesses, cyber insurance isn’t keeping up. Brian Clifford, president of the West Region and executive risk at Highstreet Insurance Partners, shared his thoughts on this challenge in an interview. He said the industry still struggles to bring clear and urgent solutions to these smaller … Read more

Beazley’s Lindsay Shipper recently joined Insurance Business TV to discuss an important issue in the insurance world: protection gaps. She emphasized how insurers and brokers need to team up to close these gaps, especially when it comes to cyber risks and environmental concerns. The conversation also covered how the Excess and Surplus (E&S) market plays … Read more

Bill Ackman is making a big move to reshape Howard Hughes Holdings, the Texas-based real estate firm, by stepping into the insurance world. He has agreed to buy Vantage Risk, a property and casualty insurer based in Bermuda, for $2.1 billion. This deal is part of his plan to build a company similar to Berkshire … Read more

A large fire broke out last Friday at an automotive lubricant plant in Roseland, Louisiana, sparking multiple explosions and sending thick smoke and soot into the surrounding area. The blaze, which spread over 20 acres, led to the evacuation of about 800 residents in this small town located roughly 50 miles northeast of Baton Rouge. … Read more

Guy Carpenter and Aon have both announced significant leadership changes. Jeremy Goodman is joining Guy Carpenter as their new chief client and growth officer, while Aon has promoted Tom Anderson to head of Professional Services at their Global Broking Centre in London. Goodman brings nearly 40 years of experience in the reinsurance industry. He comes … Read more

A telecom frequency outage forced the Federal Aviation Administration (FAA) to stop all arriving flights at Newark Liberty International Airport for over an hour on Thursday. The disruption mainly affected flights landing at Newark, a major hub for United Airlines, while departures continued as usual. Flight tracking site Flightradar24 confirmed that flights headed to Newark … Read more

Construction sites might seem like a noisy, dusty place, but hidden beneath the usual hustle is a risk many contractors often overlook: pollution. From fuel leaks to paint spills, chemical pollutants can sneak into the soil, water, and air very quickly. What looks like a small mistake can lead to big problems and costly cleanups. … Read more

Mark Bennett, chief growth officer at ACORD Solutions Group, says that in the insurance industry, culture is often the biggest barrier to digital change—not technology itself. While old systems and technical debt do create challenges, it’s the resistance inside companies that really slows progress. Many insurers still use systems that are 20 to 30 years … Read more

Bonus payouts in the US are becoming less common and smaller, even though many workers expect them to grow. A recent report from ADP looked at six years of payroll data and found that the median bonus amount dropped to $1,786 in 2024 from $1,857 in 2023. Meanwhile, fewer employees received bonuses last year, with … Read more