The history of insurance dates back as far as 2000 BCE, when merchants and traders developed basic risk-sharing agreements to protect against financial losses from unpredictable events. At its most basic, insurance as a concept was merely a financial safety …
When the calendar flipped to 2025, Lacey Garrison Strom was optimistic. As the executive vice president of private client services at California-based Heffernan Insurance Brokers, Garrison Strom secures insurance coverage for affluent clients across the Golden State. Her renewals were …
National Westchester, Chubb’s Excess and Surplus Lines Division, headquartered in Alpharetta, Georgia, named Matt Booker, head of brokerage property and inland marine, as property practice leader. Tom McLaughlin, head of brokerage casualty, has been appointed casualty practice leader. Andrea Larkin, …
The number of U.S. product recalls remained high in 2024 with more than 3,200 events recorded for the second consecutive year, a new report shows. Sedgwick brand protection’s 2025 U.S. State of the Nation Recall Index, which analyzes recall data …
As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers have signaled new scrutiny on insurance carriers’ claims-handling practices. Florida Insurance Commissioner Michael Yaworsky in February posted a memo demanding more data from …
Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme Court decided in a recent case that marks another win for insurers relying on binding arbitration agreements. When Francine Pickett’s …
A Texas crisis communications specialist has sued Blake Lively for defamation after the actor pulled him into her legal fight with co-star and director Justin Baldoni over their film, “It Ends With Us.” Jed Wallace and his company, Street Relations, …
AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of Mercury Casualty Group. Concurrently, AM Best revised …
A bill to allow the Washington’s insurance commissioner to order restitution for policyholders harmed by insurance companies moved out of the state Senate Business, Financial Services, and Trade Committee. Senate Bill 5331 gives the commissioner authority to require insurers to …
Four brush fires that broke out over the weekend on Long Island are being investigated as possible arsons. The brush fires that were driven by 35 mph winds were contained on Sunday by first responders before they could cross the …
