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In the world of insurance, there’s a rule that can make it tough for people with certain felony convictions to work in the industry. Known as the 1033 rule, it comes from a federal law that says anyone convicted of a felony involving dishonesty or a breach of trust must get special permission—a “1033 waiver”—to … Read more

Two Democratic senators are raising concerns about how the Trump administration is handling the National Flood Insurance Program (NFIP). Senators Elizabeth Warren from Massachusetts and Andy Kim from New Jersey sent a letter to David Richardson, FEMA’s Acting Administrator, pointing out staff cuts and shifting priorities that they say could put the program at risk. … Read more

A Colorado appeals court has ordered Esurance to pay $35,600 in penalties for failing to provide an auto insurance policy within the state’s required 30-day deadline. The case centers on a policy that, while ultimately not covering the accident, was still considered potentially relevant under Colorado’s insurance disclosure law. The incident began on the morning … Read more

Insurance professionals are facing tougher challenges as legal, social, and economic pressures come together in new ways. Stefanie David, chief claims officer for reinsurance at Munich Reinsurance America, highlighted 2025 as a demanding year for managing risks carefully. One major concern is the misuse of the legal system, which is driving up claims costs. David … Read more

Doug Wordekemper from AXIS recently shared some practical tips on how insurance carriers and brokers can work better together. Speaking on Insurance Business TV, he focused on closing protection gaps and improving the way brokers interact with carriers and underwriters. Wordekemper emphasized that stronger collaboration between carriers and brokers can help bridge coverage gaps that … Read more

Two major figures in the insurance world are making moves this fall, with leadership changes at Covéa Insurance UK and Ryan Re Underwriting Managers. Xavier Laurent has been named the new CEO of Covéa Insurance in the UK, taking over from Georges De Macedo. De Macedo, who’s been leading the company since June 2023, is … Read more

The cannabis industry faces some unique insurance challenges, especially when it comes to theft and fire risks. Beth Ossino, claims manager at Golden Bear Insurance Company, shared some eye-opening stories about big losses suffered by cannabis businesses during the recent Insuring Cannabis Summit. Ossino described incidents where thieves broke into businesses and made off with … Read more

Heavy rain caused severe flooding in parts of Arizona, leading to the deaths of four people and widespread damage. The hardest-hit area was Globe, a small mining town about 88 miles east of Phoenix. In just one day, the town received around 2.5 inches of rain, which quickly turned streets into rivers and forced residents … Read more

Two insurance companies are now at odds after a coverage dispute led one to take the other to court over who should pay legal costs. The Cincinnati Specialty Underwriters Insurance Company filed a lawsuit against Southwest Marine and General Insurance Company on February 4, 2026. Cincinnati claims Southwest wrongly refused to defend a property owner … Read more

Globe Life reported its earnings for the fourth quarter and full year of 2025, showing growth in income and sales despite some challenges. The McKinney, Texas-based insurer posted a net income of $3.29 per diluted share in the last quarter, up from $3.01 per share a year earlier. However, this result fell a bit short … Read more