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Two people lost their lives in Plainfield, New Jersey, after their vehicle was caught and swept away by floodwaters during a severe storm that hit the Northeast U.S. overnight. Officials said emergency responders arrived quickly, but unfortunately, both passengers were pronounced dead at the scene. This tragedy comes just days after two others died in … Read more

Paper contractors often think they’re safe from the usual risks on construction sites because they don’t handle tools or do the physical work. But even when all the tasks are subcontracted, these contractors can still face serious liability if things go wrong. Tanner Webb, a construction underwriter with Central Insurance, has seen five common insurance … Read more

The U.S. federal government shut down at 12:01 a.m. on October 1, 2025, after Congress failed to agree on spending priorities. This shutdown has already caused serious headaches for the insurance industry, especially with the National Flood Insurance Program (NFIP), which is now unable to issue or renew policies. Millions of property owners are left … Read more

Shares of Neptune Insurance jumped 12.5% on their first day of trading on the New York Stock Exchange, boosting the flood insurer’s market value to nearly $3.11 billion. The St. Petersburg, Florida-based company opened trading at $22.50 per share, above its initial offering price of $20. Neptune and some existing shareholders sold 18.4 million shares … Read more

California’s insurance commissioner, Ricardo Lara, is facing growing questions after reports revealed that taxpayers have been footing the bill for dozens of expensive international trips he took in recent years. The state’s ethics watchdog, the Fair Political Practices Commission (FPPC), has launched a review into the matter following concerns over the costs and lack of … Read more

Missouri Governor Mike Kehoe has signed a bill repealing a law that guaranteed paid sick leave and automatic minimum wage increases for workers. The repeal, coming eight months after voters approved the measure, will take effect on August 28. The paid sick leave law had allowed employees to earn one hour of paid sick time … Read more

Between April and June, more than 7.3 million vehicles were recalled in the U.S., marking the highest number in over a year and more than double the recalls seen in the previous quarter. This surge, revealed in BizzyCar’s Q2 2025 Recall Report, shows a growing concern for vehicle safety as many families gear up for … Read more

BMS and Willis have both announced new leadership appointments that will shape their operations in Canada and London. Cory Wilson has been named director of BMS’s Canadian Retail division. Wilson starts his new role immediately and will work under Dan Reid, the managing director of BMS Canada. He brings five years of experience from Halpenny, … Read more

The commercial auto insurance market is facing tough times in 2024, with most major carriers struggling to make a profit. Data from AMS shows that 14 out of the top 20 insurers reported combined ratios over 100%, meaning they are paying out more in claims and expenses than they earn in premiums. This difficult environment … Read more

The US property and casualty insurance market has seen a steady rise in premium income over the past decade, yet profitability remains a challenge. From 2014 to 2024, insurers earned over $776 billion in direct premiums, up more than 40 percent since 2014. Despite this growth, profit margins have tightened, highlighting a disconnect between premium … Read more