Industry News
Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says
The Howden-driven talent war has cost Brown & Brown $23 million in revenue, according to J. Powell Brown, the broker's president and chief executive officer. "As of today, approximately 275 of ...
We’re No Longer Pressured to Push for Rate ‘Across the Board,’ Berkley Says
W.R Berkley reported a "flattish" top line but nearly 15% growth in underwriting income for fourth-quarter 2025 this week. The chief executive also signaled a change in the level of rate increases ...
Commercial Lines Market Overall Remains Firm, Says Ivans
Premium renewal rates increased year-over-year for all major commercial lines, except workers compensation, according to fourth-quarter 2025 results of the Ivans Index. "The commercial insurance ...
Why Power Outages Do More Economic Damage Than We Think
The day after a major winter storm swept across the US, hundreds of thousands of homes and businesses remained without electricity and the prospect of more outages loomed amid frigid temperatures. ...
Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts
President Donald Trump signed an executive order that allows the federal government to preempt state and local regulations in the recovery efforts of last year's Los Angeles wildfires, blaming the ...
Frozen Pipes Lead to $628M in Losses for State Farm
New analysis highlights just how costly frozen and winter water damage claims can be. From January 2024 through June 2025, State Farm received more than 20,000 claims, totaling over $628 million in ...
California Lawmakers Propose New Regulations as Insurance Battles Linger After Wildfires
Jen Egan is still dealing with the aftermath of the Palisades Fire that damaged the home of her 83-year-old father, Paul, last January. That has meant more than a year of going back and forth with ...
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses
The weekend winter storm that impacted more than 200 million people from more than 24 states is expected to result in total damage and economic losses of between $105 billion and $115 billion, said ...