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Two construction workers in New York City have taken legal action after falling ill with Legionnaires’ disease while working at separate sites near Harlem Hospital. Nunzio Quinto and Duane Headley were hospitalized in July following exposure linked to contaminated cooling towers in a nearby building complex. These towers use water and fans to cool the … Read more

Stonetrust Commercial Insurance Company, a workers’ compensation insurer based in Baton Rouge, has received an upgrade in its financial strength and credit ratings from AM Best. The rating was raised from A– (Excellent) to A (Excellent), signaling growing confidence in the company’s stability and performance. Stonetrust provides workers’ compensation coverage to over 5,000 policyholders across … Read more

Farmers Insurance recently revealed that over one million of its customers may have had their personal information exposed in a data breach linked to a third-party vendor. The company alerted Maine’s Attorney General in a notification detailing the incident, which involves about 1,071,172 policyholders. The issue came to light on May 30, 2025, when the … Read more

Brenda Austenfeld has been honored with a place in the IBA Hall of Fame, recognizing her significant contributions to the insurance industry. In a recent appearance on Insurance Business TV, she shared her insights on leadership, her guiding principles, and the lessons that have shaped her career. Austenfeld talked about what it takes to succeed … Read more

GEICO has taken legal action against what it calls a multimillion-dollar scam involving fake medical equipment claims in New York’s no-fault insurance system. On December 4, the insurer filed a lawsuit in federal court accusing two Brooklyn-based medical equipment suppliers and their owner, Yevgeniya Ivanova, of running a scheme that resulted in over $2.7 million … Read more

On Friday, as cannabis stocks surged on Wall Street, many in the insurance industry began wondering if a long-awaited expansion in cannabis insurance was finally on the horizon. The excitement followed reports that President Donald Trump might soon sign an executive order to change the federal classification of marijuana. This move would reclassify cannabis from … Read more

The global reinsurance market is showing signs of stability and discipline after a major reset at the start of 2023. According to a recent report by AM Best, reinsurers have kept a firm grip on risk by maintaining strict terms, raising attachment points, and increasing rates, especially in property catastrophe insurance. These changes have helped … Read more

On the North Carolina Outer Banks, two homes in the small village of Rodanthe now stand on the edge of the ocean, their fate uncertain. Since 2020, 11 nearby houses have already crumbled into the Atlantic, swallowed by relentless waves and shifting sands. The problem isn’t just the big storms like Hurricane Erin, which recently … Read more

Marsh has made key leadership moves in its aviation and space insurance sectors, with Brian Glod and Tony Ambrose stepping into new global roles starting September 1. Glod will take charge as the global head of aviation and space, while Ambrose becomes the global chairman for the same business. Both will oversee Marsh’s aviation and … Read more

Manufacturing workplaces come with many risks. Heavy machines, chemicals, and long hours make injuries a real concern. Even though OSHA sets safety rules, accidents still happen. Often, these injuries are due to workers getting tired, becoming careless, or safety rules not being enforced properly. Rachel Pinsonneault, a commercial lines underwriter at Central Insurance, points out … Read more