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Many small and mid-sized businesses look for ways to cut costs during tough times or when trying to grow in an unpredictable market. But when it comes to insurance, slashing budgets too much or in the wrong areas can leave a company vulnerable. Fortunately, there are smart strategies that reduce insurance costs without sacrificing important … Read more

Progressive Corp. saw its net income more than double in the second quarter compared to the same time last year, reaching around $3.2 billion. The insurer, based in Mayfield Village, Ohio, also reported a 40% rise in net income for June alone, totaling $1.1 billion. For the first half of the year, net income climbed … Read more

A dispute worth millions has broken out between hotel owners and a group of major insurers over denied business interruption claims following water damage at a Delaware hotel. The hotel owners, including Amalgamated Hospitality Management II and NR Hospitality, LLC, filed a lawsuit on September 30, 2025, accusing several insurers of failing to pay out … Read more

Liberty Mutual is facing a class action lawsuit in a Wisconsin federal court over claims that the insurance company made illegal robocalls to promote its products. The complaint, filed on September 30, 2025, accuses Liberty Mutual of violating the Telephone Consumer Protection Act (TCPA) by sending prerecorded marketing calls without getting proper written consent from … Read more

For a long time, business auto insurance was just a part of bigger commercial insurance packages, bundled with things like general liability and workers’ compensation. But now, the way insurers handle business auto coverage is changing, and it’s causing a stir in the industry. The shift comes as insurers face rising loss ratios, especially from … Read more

State Farm is set to raise home insurance rates in Illinois by an average of 27% starting this summer. The increase will begin on July 15 for new customers and August 15 for policy renewals. In addition to the higher premiums, homeowners will be required to carry a minimum 1% wind and hail deductible, which … Read more

Insurance broker Aon has announced several leadership changes within its reinsurance division, naming Alfonso Valera as CEO of International for Reinsurance and Steve Hofmann as CEO of Americas for Reinsurance. Valera will oversee the UK, Europe, Middle East, Africa (EMEA), and Asia-Pacific (APAC) regions, while Hofmann will be responsible for North and Latin America. Alongside … Read more

Society Insurance, based in Fond du Lac, Wisconsin, has welcomed Chris Felton as its newest board member. Felton comes from Burlington, Wisconsin, where he serves as the president and CEO of Corporate Central Credit Union. In his role there, he oversees the company’s strategy, innovation, and daily operations. The addition of Felton brings fresh leadership … Read more

Japan’s biggest beer company, Asahi Group Holdings, is facing a major disruption after a cyberattack shut down much of its logistics network. This has stopped deliveries of its popular Asahi Super Dry beer for nearly a week, leaving stores and bars across Japan without their usual stock. The attack hit the company’s order-processing systems, call … Read more

The federal government shutdown has now stretched into its second week, with no end in sight. After another failed Senate vote on Friday, lawmakers remain deadlocked, unable to secure the 60 votes needed to pass a temporary funding bill. Both Democratic and Republican plans have faltered, leaving many government services partially closed through the weekend. … Read more