News
Viewpoint: The Recipe for Building a Successful MGA
The managing general agency model is attracting a number of ambitious underwriters keen to step away from established insurers to build nimble, specialized, and client-focused MGAs. For many, ...
Texas DOI Proposes Ban on Tying Auto and Home Policies
The Texas Department of Insurance (TDI) announced today that it is working to ban tying home and auto policies. The proposed insurance code modification would prohibit agents and insurers from tying ...
Notable Rating Actions This Week: Mercury General, Sentry’s The General
Among the ratings announcements from AM Best this week were those reacting to an uncertain California wildfire loss estimate and a Midwest personal lines acquisition.
Supreme Court to Rule on ‘Reverse’ Bias: Decision Could Prompt More Suits Against Employers
Marlean Ames received numerous promotions and good evaluations over the years working in Ohio's youth corrections system, so when she was denied a promotion and demoted in 2019 with a $40,000 pay cut ...
Wisconsin Beckons: Proposed 10K Tax Break for Wildfire, Helene Relocations
People who lost their homes to Hurricane Helene or California wildfires could get a sizeable tax break to move to Wisconsin. Republican legislators in the Dairy State have proposed a bill that would ...
Trump’s SEC Leader Shifts Power From Investors to Boardrooms
New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail investor-initiated reform efforts on everything ...
EEOC Says It’s Going After ‘Anti-American Bias’ in the Workplace
The U.S. Equal Employment Opportunity Commission said it will enforce antidiscrimination laws against employers that "illegally prefer non-American workers. In a Feb. 19 announcement EEOC's Andrea ...
Farmers Estimates $600M in Losses from LA Wildfires
Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.9 billion for ...
Auto and Property Insurance Shopping Saw 20% Spikes in Q4 2024, Report Shows
Auto and property insurance shopping experienced 20 percent year-over-year increases in the fourth quarter of 2024, a new report shows.