News
Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction
Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn't mean they aren't keeping their options open due to the rising cost of premiums. According ...
Temporary Fix Keeps National Flood Insurance Operating, But Only Until Nov. 17
Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after Congress approved a last-minute deal to temporarily fund the ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
$223.8M Verdict Against J&J in Talc Cancer Case Tossed
A New Jersey appeals court on Tuesday threw out a $223.8 million verdict against Johnson & Johnson in a trial over four plaintiffs' claims that they developed cancer from being exposed to the ...
U.S. Cities Vulnerable to Low Water Pressure Amid Wildfire Dangers
Hours before devastating fires scorched the historic town of Lahaina on Maui, Kyle Ellison labored to save his rental house in Kula, a rural mountain town 24 miles away, from a different blaze. As ...
Don’t Expect the Same Raise You Got Last Year: Surveys
Companies are trimming their budgets for merit raises next year, a sign of belt-tightening that could surprise some employees who had enjoyed two straight years of increases. U.S. employers surveyed ...
MGA Skyrisks Officially Launches With Investment, Capacity From Convex Group
Skyrisks Ltd., the London-based MGA and specialist in the advanced air mobility (AAM) sector, has officially launched with capacity and a cornerstone investment from Convex Group, the specialty ...
Progressive Nonrenews 100,000 Homeowner and Dwelling Fire Policies in Florida
Almost two years after Progressive Insurance announced it would stop renewing some homeowners policies in Florida, Flo and crew have dropped another 100,000 homeowner and landlord policies in the ...
Consumer Product Injuries Continue to Rise After Low in 2020
Following the record low number of consumer product-related injuries reported in 2020 (an 18 percent decrease), injuries increased 6.8 percent in 2021 and 7.8 percent in 2022, according to the ...