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Cyberattacks are getting worse, and the costs are hitting companies harder than ever, a new report from Aon shows. In 2024, reported cyber incidents jumped by 22% compared to the year before. These incidents ranged from ransomware attacks to business interruptions and legal troubles. In the U.S. alone, there were 1,228 reported cases among Aon’s … Read more

Mental health is gaining much-needed attention in workers’ compensation, with more claims now being prioritized by insurers. About one in five adults in the U.S.—that’s roughly 51.5 million people—live with some form of mental illness. While these claims started mainly for first responders dealing with post-traumatic stress disorder (PTSD), they are now expanding to include … Read more

Manufacturers around the world are feeling the squeeze like never before as supply chains face rising challenges. From tariffs and port backups to worker shortages and supplier bankruptcies, disruptions are hitting every part of production. These problems lead to missed deadlines, higher costs, and frustrated customers. John Carroll, a commercial lines underwriter at Central Insurance, … Read more

Johnson & Johnson Insurance, a managing general agency (MGA) operating across the 48 contiguous United States, has earned recognition in the insurance industry despite the lack of traditional financial strength ratings from major agencies. Unlike direct insurance carriers, Johnson & Johnson Insurance does not hold ratings from well-known agencies such as A.M. Best, Fitch, Moody’s, … Read more

Trade-credit insurers are preparing for a challenging period as the fallout from the bankruptcy of First Brands Group becomes clearer. The U.S. auto-parts supplier, known for its reliance on invoice financing, has left insurers facing a tangled web of claims connected to its off-balance-sheet financing structure. First Brands’ business involved selling customer invoices for cash … Read more

A powerful explosion tore through a munitions plant in central Tennessee early Friday, leaving 19 employees missing and the facility completely destroyed. The blast happened at Accurate Energetic Systems, a company that makes explosives for the military, aerospace, and demolition industries. It sent shockwaves across the area, shaking homes up to 12 miles away. The … Read more

A strong earthquake off the southern coast of Alaska shook communities along a 700-mile stretch on Wednesday, prompting residents to move to higher ground. The quake, measuring magnitude 7.3, struck just south of Sand Point on Popof Island in the Aleutian chain around 12:37 p.m. local time. Fortunately, no major damage was reported, and the … Read more

President Donald Trump is pushing to put a Republican majority on the board that handles private-sector labor disputes and union elections. This board hasn’t been able to make decisions because Trump fired a Democratic member, Gwynne Wilcox, earlier this year—something that has never happened since the board was set up in 1935. On Wednesday, the … Read more

Several new opportunities and updates have emerged in the insurance world this week, highlighting wide-ranging developments from job openings to industry insights and emerging trends. In Colorado, Westminster is seeking a senior insurance agent with at least three years of property and casualty experience. This role offers warm leads and requires working in-office on a … Read more

Jennifer Nuest has found a unique way to blend her love for motorsports with her career in transportation risk management. On a recent episode of IB Talk, she opened up about how her background in racing shapes the way she approaches managing risks in the transportation industry. Nuest’s passion for vehicles started on the racetrack, … Read more