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Insurance companies are facing a new challenge with the growing number of small, low-value claims coming in every day. While big events like storms and wildfires get lots of attention, the steady stream of minor claims is creating a lot of extra work behind the scenes. These smaller claims might seem simple on their own, … Read more

In a recent panel discussion focused on cyber insurance, industry experts from BOXX Insurance, USI Insurance Services, and Gallagher came together to talk about some of the biggest cyber events we’ve seen lately, how the insurance market is holding up, the impact of artificial intelligence, and whether the government should step in to manage cyber … Read more

Green Shield Risk Solutions has introduced a new homeowners insurance program called Guardian Elite Home, aimed at residents in wildfire-prone areas of Colorado and California. This offering is designed especially for wealthy homeowners who struggle to find reliable coverage due to the rising risks and costs tied to wildfires. In recent years, many insurers have … Read more

AM Best has upgraded its outlook for several Farm Bureau insurance companies, reflecting improved stability and financial strength. Southern Farm Bureau Casualty Insurance Company, Colorado Farm Bureau Insurance Company, Louisiana Farm Bureau Casualty Insurance Company, and Mississippi Farm Bureau Casualty Insurance Company all saw their outlooks change from negative to stable while maintaining their strong … Read more

Missouri’s mutual insurance companies saw a big improvement in their finances last year. According to the Missouri Department of Commerce and Insurance (DCI), these companies cut their net losses from $17.7 million in 2023 down to just $4.8 million in 2024. In 2024, mutual insurers covered about 205,000 policies, with more than $61 billion in … Read more

Lincoln Financial Group has announced the appointment of Nilanjan Adhya as its new executive vice president and chief AI, data and analytics officer. Adhya will start his role on January 9, 2026, taking on a newly created position designed to strengthen the company’s use of artificial intelligence and data across key areas like distribution, operations, … Read more

Washington Insurance Commissioner Patty Kuderer is gearing up for a busy legislative session in 2026 with a focus on making insurance rules tougher and clearer for consumers. Since taking office last year, she has made consumer protection her top priority, aiming to boost transparency and strengthen the tools available to regulators. One of her key … Read more

The marine hull and machinery insurance market is facing a tough year ahead. Despite intense competition among insurers, rising ship values, aging fleets, and increasing repair costs are creating challenges for underwriters. In 2024, global premiums for marine hull insurance climbed 3.5% to nearly $9.7 billion, while the overall value of the world’s fleet grew … Read more

Small business owners often find themselves stretched thin, balancing many tasks at once, from managing their teams to keeping track of finances. Finding ways to save time and prevent mistakes is crucial. Thomas McMillan, a commercial lines staff underwriter at Central Insurance, recently shared eight software tools that could make daily work easier for small … Read more

A New York appeals court has overturned a $464 million fraud fine against former President Donald Trump and his company, delivering a major win for Trump in his long-running legal battles. The decision came on a Thursday from a five-judge panel in Manhattan. The court agreed that Trump broke the law by inflating the value … Read more