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Manufacturer WNA Receives TDI Lone Star Safety Award

WNA, a part of The Novolex organization, has been honored with the Lone Star Safety Award by the Texas Department of Insurance, Division of Workers’ Compensation. This recognition celebrates the company’s strong commitment to keeping its workplace safe and healthy. Located in Texas, WNA employs 123 people who make plastic stadium cups used all over

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Lemonade Books Reports Q3 Net Loss of $37.5 Million

Insurtech company Lemonade reported a smaller net loss for the third quarter of 2025, with a loss of about $37.5 million compared to $67.7 million in the same period last year. This improvement comes alongside a boost in revenue and gross profit, which rose 42% and 113% respectively compared to Q3 2024. Despite these gains,

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Chubb Group Vice Chair Lupica to Retire at the End of 2025

John Lupica, a longtime leader at Chubb Group, is set to retire at the end of this year. Lupica has served as vice chairman of Chubb Group and executive chair of North America Insurance, playing a key role in overseeing the company’s strategy and governance in the region. Lupica has been with the company for

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Personnel Updates: AXA XL Appoints Lahrmann as Head of International Property; Fidelis Insurance Group Selects IQUW’s Waddell-Dudley as UK Chief Underwriting Officer

AXA XL and Fidelis Insurance Group have announced key leadership changes in their UK operations, strengthening their teams as they face an evolving insurance landscape. Starting November 1, 2025, Sabrina Lahrmann takes over as Head of International Property for AXA XL’s UK and Lloyd’s business. Based in London, Lahrmann brings over 20 years of experience

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The Louisiana Bar Association Chooses ORLSI as Provider for Lawyers Malpractice Insurance

The Louisiana State Bar Association (LSBA) has chosen Old Republic Lawyers Specialty Insurance (ORLSI) to be its official provider for lawyers’ malpractice insurance. This new partnership will bring improved coverage options and several new benefits to LSBA members starting January 2026. Through this collaboration, the LSBA Insurance Program will offer perks such as a claims-free

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NAIC Names Johnston as Interim CEO Following Anderson’s Departure

Gary Anderson has stepped down as the chief executive officer of the National Association of Insurance Commissioners (NAIC), the organization announced late last week. Anderson officially left the role on October 29 to pursue other opportunities. Taking over as interim CEO is Jeff Johnston, the NAIC’s Chief Regulatory Affairs Officer. Johnston has been with the

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Afore Launches Virginia Expansion by Acquiring Norfolk’s Salzberg Agency

Afore Insurance Services, LLC has acquired Salzberg Insurance Agency, a well-established firm based in Norfolk, Virginia. Salzberg has been serving the Hampton Roads business community for 87 years. Although the financial details of the deal were not shared, this move marks a major step for Afore as it expands its presence in the Mid-Atlantic region.

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ReSource Pro Acquires Supportive Insurance Services, Based in Indiana

ReSource Pro, a company that supports operations in the insurance industry, has acquired Supportive Insurance Services (SIS), a firm based in Indiana that specializes in licensing and renewal services. The deal brings together SIS’s expertise in adjuster licensing and compliance with ReSource Pro’s existing services, such as surplus lines tax filings and corporate and franchise

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The Wreck of the Edmund Fitzgerald Continues to Resonate 50 Years On

Fifty years ago, the massive freighter Edmund Fitzgerald sank in Lake Superior during a fierce storm, taking all 29 men on board with it. The ship, nearly 730 feet long and once the largest on the Great Lakes, disappeared on November 10, 1975, after leaving Superior, Wisconsin, the day before, loaded with 26,000 tons of

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Personnel Update: Encova Insurance Appoints Webber and Rao as Vice Presidents

Encova Insurance, based in Columbus, Ohio, has announced two new vice president appointments. Zach Webber will lead as vice president of corporate actuarial, while Boppana Rao takes on the role of vice president for enterprise digitization, AI, and data. Webber brings nearly 20 years of experience working with both commercial and personal insurance lines. He

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Is Traditional Insurance Coming to an End?

Traditional insurance, especially for property, is losing its edge as a reliable and affordable way to manage risk. Experts point out that many homeowners are now skipping insurance altogether because rates have soared to levels that just don’t make sense. In fact, about a quarter of homeowners in some areas are going without coverage, highlighting

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Assisting Customers in Navigating Rising Medical Costs

Insurance companies are changing the way they handle workplace injury claims by using smart technology and expert teams to keep costs down and help workers recover faster. These companies are turning to artificial intelligence to look at billing data as it happens. This allows them to find the cheapest good-quality care options within their networks.

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Insurance Embraces AI as a Key Driver to Enhance Agility

The insurance industry is facing tough challenges right now. Severe natural disasters, rising inflation, and high interest rates have led many companies to pull back coverage or refuse renewals. This leaves both insurance agents and customers in a bind, struggling to find the right policies and support. Amid these difficulties, technology—especially artificial intelligence (AI)—is starting

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Emerging Cargo Theft Methods Fueling Increase in Claims

Cargo theft is on the rise and causing big headaches for truckers and logistics companies across the country. In fact, theft of goods being hauled by trucks jumped 27% in 2024, according to Verisk CargoNet data. Experts warn it’s likely to get even worse next year, with the National Insurance Crime Bureau forecasting another 22%

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Agreement on Nuclear Reactors Sparks Safety Concerns

The Trump administration has unveiled a major nuclear energy deal that could bring $80 billion worth of new Westinghouse reactors to the U.S. This agreement, made with Westinghouse’s owners—Canada-based Cameco and Brookfield Asset Management—includes government support for financing and securing permits needed to build the reactors. In return, the U.S. government stands to gain up

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Review of Rates

Global commercial insurance rates continued to ease in the third quarter of 2025, with an overall drop of about 4%, according to John Doyle, president and CEO of Marsh McLennan. The decline was mainly led by property insurance costs. This marks a continuation of the softening trend seen in the previous quarter, which also recorded

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Aon’s Q3 Organic Growth of 7% Surpasses Expectations

Insurance broker Aon shared strong results for the third quarter of 2025, reporting $4.0 billion in revenue, up 7% from $3.7 billion in the same quarter last year. This steady growth matched last year’s organic revenue gain but exceeded what Wall Street analysts had expected. Aon’s net income for the quarter also saw a significant

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AM Best Maintains Review of NASW Insurance Co. Credit Ratings

AM Best has kept its Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) for NASW Insurance Co. (NASWIC), based in Washington, D.C., but the ratings remain under review with negative implications. This means there’s some uncertainty about the company’s future. NASWIC has a strong balance sheet and solid operating

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Wildfire Prompts Evacuation of Rural Community in Southern Texas

Thick smoke filled the air over Gregory, Texas, on Wednesday evening as a wildfire known as the Mill Fire spread through this small community about 150 miles southeast of San Antonio. Firefighters managed to contain roughly half of the 15-acre blaze, but residents in the northern part of town were told to leave their homes

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PHLY Completes Its Largest-Ever Acquisition, Expanding into the Collector Car Business

Philadelphia Insurance Companies has made its biggest move yet by buying the Collector Vehicle Division from Ignyte Insurance, a company backed by the investment firm Carlyle. The deal is worth $615 million and marks the largest acquisition in Philadelphia Insurance’s 63-year history. This purchase brings several well-known collector vehicle brands under Philadelphia Insurance’s umbrella, including

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Melissa Jamaica Damage Could Cost Insurers Up to $3 Billion

Hurricane Melissa has left a massive trail of destruction in Jamaica, with damage costs expected to reach billions. The powerful Category 5 storm hit near New Hope on Tuesday, bringing winds of 185 miles per hour—the strongest hurricane Jamaica has ever seen. The storm caused severe damage, especially in Montego Bay and much of the

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