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Online life insurance company Ethos began trading publicly on Thursday at its $19 offering price. However, its shares quickly dropped about 15% in early trading. The decline lessened by midafternoon but still left the stock well below its initial price. The company’s roughly $200 million fundraising values Ethos at about $1.2 billion. Still, investors seem … Read more

The Sunnybrook Union, representing teachers and support staff in the Sunnybrook School District in Lansing, Illinois, has agreed to pay $110,000 to settle a race discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). The case involved a black custodian who was denied a promotion to head custodian because of his race. According … Read more

New Jersey has passed a new law to make it easier for people to know about and deal with lead in their drinking water. This law requires landlords to tell tenants if there could be lead in the water and stops landlords from blocking efforts to replace lead pipes. It also lets people who get … Read more

The commercial auto insurance sector in the U.S. is facing another tough year, according to a recent report from AM Best. For the 14th year in a row, commercial auto insurance has recorded an underwriting loss. In 2024 alone, these losses totaled nearly $5 billion, adding to more than $10 billion in losses over the … Read more

Insurance Business is now accepting entries for its fifth annual Fast Brokerages list, spotlighting insurance brokerages across the US that have seen remarkable growth in the past year. The initiative aims to recognize firms that are expanding quickly and making a significant impact in the market. Brokerages interested in participating need to complete an entry … Read more

MSIG USA is changing the way it handles specialty insurance by putting data at the heart of everything it does. This new approach is shaping how the company underwrites policies, runs its operations, and sets technology priorities. According to Prashant Hinge, the company’s chief information and transformation officer, the goal is clear: to become a … Read more

Businesses in Minnesota are feeling the strain as protests against ICE’s immigration enforcement continue to cause disruptions. From supply chain delays to concerns about employee safety and property damage, companies are dealing with familiar challenges. Yet experts say the bigger problem isn’t just the protests themselves, but the deepening political divide shaking the country. Sam … Read more

The California Labor Commissioner’s Office has hit several developers and construction project operators in Los Angeles with citations totaling over $2.3 million. These fines came after an investigation uncovered serious wage theft and labor law violations affecting 124 construction workers. The workers were often denied overtime pay, even though they regularly worked more than eight … Read more

This month marks two years since the leader of the Independent Insurance Agents & Brokers of America, known as the Big “I,” took charge as president and CEO. Over this time, independent insurance agents have faced one of the toughest markets seen in years. They have dealt with rising premiums, scarce coverage options, major natural … Read more

The U.S. government has decided to stop defending a rule created under President Joe Biden that banned certain non-compete agreements for workers. These agreements often prevent employees from joining a competitor or starting a similar business after leaving their jobs. The Justice Department recently asked federal appeals courts in New Orleans and Atlanta to drop … Read more