The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty climate goal: nuclear power. Shipping accounts for more planet-warming greenhouse gas emissions than Japan. The sector is responsible for 3% of all emissions globally, …
Nuclear-Powered Cargo Ships Promise Cleaner Transport but Could Be Hard to Insure Read More »
U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two years, a new report shows. LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stable, …
US Homeowners Insurance Rates Rose 40.4% in Six Years, Report Shows Read More »
Three years after it purchased BenefitMall, Alabama-based CRC Group is rebranding its employee benefits division as CRC Benefits, the company announced this week. The change marks a significant step in aligning the division with CRC Group’s broader go-to-market strategy and …
Alabama-based CRC Group Rebrands BenefitMall as CRC Benefits Read More »
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Ratings to “bb-” (Fair) from “bbb” (Good) of Oregon Mutual Insurance Company and Western Protectors Insurance Company, which are domiciled in …
AM Best Downgrades Credit Ratings of Oregon Mutual Group Members Read More »
Erie Insurance said it has “seen no evidence of ransomware and there is no indication of ongoing threat actor activity” in a June 17 update on its 10-day long network outage. That statement would appear to contradict claims in two …
Erie Insurance: ‘No Evidence’ of Ransomware in Network Outage Read More »
California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its newest chair to be Vikita Poindexter, CEO of Poindexter Consulting Group, and vice chair to be Dr. Fabiola Cobarrubias, CEO …
People Moves: California Commissioner Names Insurance Diversity Task Force Leadership Read More »
The U.S. Department of Labor (DOL) has reached an agreement with an Idaho grocery store requiring the employer to pay $250,833 in civil money penalties and $5,078 in back wages and damages—and take steps to ensure future compliance with federal …
Idaho Grocer to Pay $250K for Child Labor and Wage Violations Read More »
The pathway to M&A activity/liquidity in the insurance brokerage industry traditionally has followed a common pattern: small to mid-sized brokers were either traded between financial sponsors or bolted onto a larger strategic partner with minimal friction. While these approaches have …
Viewpoint: Navigating Strategic Capital Options for Insurance Brokerages Read More »
Philadelphia Insurance Companies said it has been able to restore limited network access as it continues to deal with a network outage that has affected operations since June 9. “Employees across the country are beginning to regain access to key …
Philadelphia Insurance Restores Limited Access But Major Outage Continues Read More »
Homeland Security Secretary Kristi Noem directed the Federal Emergency Management Agency to prepare a memo on how to abolish itself and create a re-branded, radically smaller disaster response organization, according to a copy of the document reviewed by Bloomberg News. …
‘Abolishing FEMA’ Memo Outlines Ways for Trump to Scrap Agency Read More »
