USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, who began her career …
Insurance Brokers File More Poaching Lawsuits Against Former Leaders and Competitors Read More »
Elon Musk’s age of government efficiency has spread to Florida, with legislation that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, accountants and many more professionals. House Bill 1461, approved …
The workers’ compensation market appears to be doing well again. Ahead of its annual “State of the Line” report to be released in early May, National Council on Compensation Insurance (NCCI) Chief Actuary Donna Glenn told Insurance Journal that while …
What’s Next For Workers’ Comp? Read More »
The Travelers Cos. said first-quarter 2025 fell 65% on an underwriting loss of $305 million. Travelers posted first-quarter net income of about $395 million compared to about $1.1 billion during Q1 2024. The underwriting loss for the first quarter was …
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires Read More »
These days, recruiters are floating a lot of different terms and conditions out there, from insurance agencies paying per resume to no money up front but six-month exclusivity. It can be confusing to know what’s standard and makes the most …
The Most Important Elements in a Recruiting Contract Read More »
Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The ups and downs of insurance cycles complicate …
Steady Growth Amid Market Cycles Is Possible Read More »
Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate. …
Buffett to Step Down Following Six-Decade Run Atop Berkshire Read More »
Hawaii lawmakers this week passed a bill intended to help shore up Hawaiian Electric Co.’s credit rating despite strong opposition from House and Senate committee chairs who helped vet the measure. The bill would impose a new fee on HECO …
Hawaii Lawmakers Pass HECO Bill to Invest in Wildfire Mitigation Read More »
Voters in Alaska, Missouri and Nebraska were asked last year whether they wanted to require employers to provide paid sick leave to their workers. They overwhelmingly said yes. Now some lawmakers in each of those states are trying to roll …
Lawmakers in 3 States Want to Roll Back Paid Sick Leave Benefits Read More »
Texas Mutual Insurance Company announced that its board of directors voted unanimously to approve a $330 million general dividend distribution in 2025. Texas Mutual, the state’s top provider of workers’ compensation insurance will have distributed more than $1 billion in …
Texas Mutual Approves $330M General Dividend Distribution Read More »
