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 »
As roads become more dangerous, 70% of company drivers say they worry about being killed or hurt in a collision or held liable for the damages. While 89% of company drivers rate their driving as good or excellent, less than …
New Survey Shows Company Drivers Overwhelmed and Worried Read More »
The high cost of living remains a main concern in America’s largest exacerbated by the January wildfires is one of the biggest worries bothering residents of Los Angeles County. A survey focused on the county, the nation’s largest with 9.7 …
Poll: High Cost of Living Fears Were Made Worse by LA Wildfires Read More »
Gov. Gavin Newsom signed new legislation on Monday that will provide more than $170 million in state funding to help prevent wildfires while signing an order aimed at speeding up the work by easing environmental permitting. The funding — which …
California Sets Aside $170M to Thin Vegetation, Forests to Help Prevent Wildfires Read More »
A former Friendswood, Texas insurance agent turned himself into authorities over charges that he fraudulently brokered insurance policies, the Friendswood Police Department announced. Edgar Peralta of Edgar Peralta with Peralta Insurance Brokerage LLC, is charged with theft, a state jail …
Former Texas Insurance Broker Charged in Alleged Scam Read More »
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 »
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 »
