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This year, fewer tankers have joined what’s known as the “shadow fleet” compared to previous years, as Western countries ramp up sanctions against Russia’s oil exports. The harshest restrictions yet have made it harder to find tankers willing to carry Russian oil, according to sources in the shipping industry. The European Union and Britain recently … Read more

World Insurance Associates LLC has expanded its reach by acquiring Abacus Insurance and Financial Services, a Texas-based company known for its focus on commercial insurance. The deal, which was finalized on April 1, 2025, brings Abacus’ expertise and client base under World Insurance’s umbrella. The financial terms of the acquisition were not made public. Abacus … Read more

A wide group of consumer and industry organizations is backing new insurance reforms proposed by Commissioner Ricardo Lara to fix delays and rising costs in California’s insurance market. The coalition stressed the need for urgent change, citing growing problems that affect homeowners, small businesses, farmers, builders, and more. In a letter to Commissioner Lara, the … Read more

The cyber insurance market is still trying to find the right balance between affordable prices and staying financially stable, according to Megan North, executive vice president at Amwins Insurance Brokerage. Despite efforts, the industry hasn’t yet figured out how to offer competitive rates while maintaining long-term sustainability. North explained that cyber insurance is a tricky … Read more

State Farm is cutting personal auto insurance rates again in Georgia, this time by 3%, marking another step in lowering costs for drivers. This latest approval from Georgia’s Office of the Commissioner of Insurance and Safety Fire adds to previous cuts, bringing the total average rate drop for State Farm customers in the state to … Read more

Each year, construction companies face a growing challenge: equipment theft. Shockingly, only about 21% of stolen construction gear is ever recovered. While small tools and generators often disappear first, losing something big like an excavator or skid steer can shake a project—and the company’s finances—hard. Jim Johnson, a loss control specialist at Central Insurance, says … Read more

Cyber insurance is growing fast as insurers face big risks and changing threats. A recent report from Risk Placement Services (RPS) shows that new players like insurtech companies and managing general agents (MGAs) are adding more capacity to the market. At the same time, some established insurers are easing their rules to keep their customers. … Read more

The recent US government shutdown has caused major disruptions in the airline industry, raising worries about a rise in workers’ compensation claims among aviation employees. The shutdown, which began on October 1 and lasted until November 13, led to significant staffing shortages, especially among air traffic controllers. The Federal Aviation Administration (FAA) warned that air … Read more

Last week, AC/DC’s concert at Melbourne’s iconic MCG made a big impact—not just with their music but in a surprising way. The band’s intense performance, led by frontman Brian Johnson, 78, and guitarist Angus Young, 70, was so powerful it set off earthquake sensors nearby. This shows just how huge and energetic modern stadium tours … Read more

The construction industry has long been seen as a male-dominated field, but a new program is working to change that. The Women in Construction (WIC) initiative is supporting gender equality and leadership growth while building a genuine community for women in the sector. This effort started small but has grown into a strong platform that … Read more