FEMA to Borrow $2 Billion to Pay Flood Claims After Hurricanes Helene and Milton March 10, 2025 By Chad Hemenway The Federal Emergency Management Agency said in February that it needs to borrow $2 billion from the U.S. Treasury to...
Small, Medium-Sized Firms Lacking in ‘Continuity’ Planning: Survey March 10, 2025 Mid- and small-market businesses (SMBs) face a lot of the same big-picture challenges, but how they prioritize risk, spending, and...
Court Rules Against Michigan Gardener Whose Organic Lawn Was Destroyed March 10, 2025 A Michigan court struck down a large chunk of an $88,550 verdict for a Detroit-area organic gardener whose beloved clover...
Washington Bill Would Provide Restitution for Policyholders Harmed by Insurers March 10, 2025 A bill to allow the Washington’s insurance commissioner to order restitution for policyholders harmed by insurance companies moved out of...
Ex-Ohio Police Officer Sentenced for Starting Arson Fires March 10, 2025 A former Ohio fire department administrator and police officer was sentenced in federal court here to 18 months in prison...
AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires March 10, 2025 AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the...
Why Soft Skills Matter February 24, 2025 By Andrea Wells This issue reveals data and compensation insights gathered from Insurance Journal’s annual Agency Salary Survey. For the third year in...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 24, 2025 By L.S. Howard Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024—marking the...
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024 February 24, 2025 The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6%...
Chubb Posts Record P/C Underwriting Income for Q4 and 2024 February 24, 2025 By Chad Hemenway Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth-quarter net...