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A California lawmaker is demanding the resignation of Insurance Commissioner Ricardo Lara after reports surfaced that Lara used taxpayer money for lavish international trips. Assemblyman David Tangipa, a Republican from Fresno, is calling on Lara to step down following an investigation into travel expenses linked to at least a dozen overseas trips. The Fair Political … Read more

The Pennsylvania Insurance Department announced that workers’ compensation insurers in the state will not have to make contributions to the Workers’ Compensation Security Fund during 2026. This decision comes after a review showed the fund’s balance remains healthy, exceeding $500 million as of December 31, 2025. The Security Fund acts as a safety net. It … Read more

Gia Snape recently spoke with Diane Delaney from PRMA about how high net worth families face new challenges when it comes to insurance. With rising risks like climate change, cyber threats, and social inflation, just finding insurance coverage has become a concern in itself. They discussed how protecting assets today means going beyond traditional insurance. … Read more

The U.S. property insurance market has softened over the past year, largely due to a flood of capital and a quieter storm season, not necessarily because risks have improved. Tom Kussurelis, president of Arrowhead Programs, described the current state as a clear soft market where rates are falling fast. He pointed out that some top-tier … Read more

The US Supreme Court has turned away an appeal that sought to hold Meta Platforms Inc.’s Facebook responsible for radicalizing the man who killed nine people at a South Carolina church. The court refused to allow a lawsuit claiming Facebook’s algorithms helped fuel the shooter’s extremist views. The case stems from the tragic 2015 shooting … Read more

SiriusPoint Ltd., a specialty insurer and reinsurer based in Bermuda, is set to sell its 49% stake in Arcadian Risk Capital, a managing general agent, to private equity firm Lee Equity Partners for $139 million. This sale includes a pre-close dividend and marks another step in SiriusPoint’s evolving business strategy. Alongside the sale, SiriusPoint has … Read more

The superintendent of Iowa’s largest school district, Ian Roberts, has come under fire after federal authorities revealed he had a history of criminal charges and was in the U.S. illegally. Roberts was arrested last week by immigration agents, shocking the Des Moines community and leading the school board to sue the consulting firm it hired … Read more

French credit insurer Coface SA reported a net income of €222 million ($262 million) for 2025, marking a 15% drop from the previous year. The company attributed this decline to rising claims and increased competition in the market, which put pressure on earnings. Coface, based in Paris, saw its consolidated turnover rise slightly by 0.1% … Read more

Kyle Sternadori from Navigators, a part of The Hartford, recently shared his thoughts on how to handle both hard and soft insurance markets. In a chat featured on Insurance Business TV, he talked about what companies should keep in mind during tough market times, the gaps in protection that often arise, and regions heavily affected … Read more

The U.S. Supreme Court has ruled that former President Donald Trump went too far when he used emergency powers to impose broad tariffs on imports from countries like Canada, China, and Mexico. The decision, released on Friday, says Trump exceeded his authority by invoking the 1977 International Emergency Economic Powers Act (IEEPA) to enforce these … Read more