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New Horizon Insurance Company, a Houston-based insurer, has received a boost from credit rating agency AM Best. The company’s Financial Strength Rating was raised to A- (Excellent) from B++ (Good), while its Long-Term Issuer Credit Rating climbed to “a-” (Excellent) from “bbb+” (Good). The outlook for both ratings remains stable. AM Best cited New Horizon’s … Read more

Verisk, a company known for insurance data analytics and technology, has announced plans to buy AccuLynx, a software platform that helps residential roofing contractors manage their work. The deal is valued at $2.35 billion and is expected to close by the end of the third quarter. AccuLynx offers tools for everything from finding leads and … Read more

Catastrophe losses continue to challenge the property and casualty insurance industry, according to a recent report from Conning. The first half of 2025 saw record-high losses, partly due to the devastating Los Angeles fires in January. Despite this, the industry managed a better combined ratio compared to the same period last year. The report reveals … Read more

A Texas-based insurance company is facing a serious lawsuit from policyholders in Los Angeles, who claim the insurer acted in bad faith during a costly property damage claim. Robert, Kandis, and Samantha Spector have taken USAA Casualty Insurance Company to federal court, accusing it of delaying payments, underpaying, and mishandling their homeowners insurance claim after … Read more

A homeowner in New Mexico has filed a federal lawsuit accusing State Farm of deliberately underpaying insurance claims to boost profits. Koteiba Azzam, who lives in Sunland Park, alleges that after a pipe burst in his home in January 2025, State Farm denied full coverage for the damage, including a needed roof replacement. The suit … Read more

Inflation is causing real headaches for businesses, especially small and medium-sized ones. With the annual inflation rate around 2.7%, costs for materials, labor, and equipment have risen sharply, squeezing profits and making day-to-day operations tougher. This ongoing trend has also made insurance coverage a bigger concern for many companies. Rachel Pinsonneault, a commercial lines underwriter … Read more

The National Association of Mutual Insurance Companies (NAMIC) is backing a bill that aims to limit the power of the Consumer Financial Protection Bureau (CFPB) over the insurance industry. The bill, first introduced over 18 months ago and reintroduced in January 2024, seeks to reinforce state control over insurance regulation. Republican lawmakers Rep. Bryan Steil … Read more

East Jordan Plastics, a company that makes plastic containers for gardening, is facing a lawsuit for allowing sexual harassment to happen at its Michigan plant. The U.S. Equal Employment Opportunity Commission (EEOC) says female workers at the Beaverton facility were harassed by a male co-worker. The harassment included inappropriate touching and sexually explicit remarks. According … Read more

The University of California, Los Angeles (UCLA) has agreed to pay over $6 million to settle complaints from Jewish students and faculty who accused the school of tolerating a “Jew Exclusion Zone” during pro-Palestinian protests last year. The protests emerged amid rising tensions over Israel’s conflict with Hamas in Gaza, sparking a wave of demonstrations … Read more

October is Cyber Security Awareness Month, a timely reminder for businesses and employees to stay vigilant about cyber threats. One of the biggest dangers right now is ransomware, which continues to affect organizations all over the world, no matter their size or industry. Jack Tolliday, a threat intelligence specialist at QBE, points out that cybercriminals … Read more