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State Farm to Increase Claims Workforce by 3,000
Sep 25 2026 // State Farm said it plans to increase the size of its claims workforce throughout 2027 by about 10%, or about 3,000 employees. In a Sept. 25 announcement, the mutual insurer said it is investing in training, developing, and...
NY, Polymarket Sue Each Other Over Whether Prediction Markets Are Illegal Gambling
Sep 24 2026 // New York’s attorney general and Polymarket sued each other on Thursday, escalating a nationwide debate over who should regulate prediction markets and whether they violate state laws against illegal gambling. The...
AM Best Revises Outlook to Positive for Iowa’s FMH
Sep 24 2026 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Farmers Mutual Hail Insurance...
Hellman & Friedman Explores Sale of Applied Systems at Up to $10B, Sources Say
Sep 24 2026 // Private equity firm Hellman & Friedman is exploring a sale of insurance software provider Applied Systems that could value the company at up to $10 billion, according to people familiar with the matter. The private...
Independent Agencies Total About 37,000 in 2026, a Decrease From 2024
Sep 24 2026 // The number of independent insurance agencies fell slightly from 39,000 in 2024 to 37,000 in 2026. Good news is that most independent agencies reported profitability across both personal and commercial lines, with...
Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking
Sep 23 2026 // Florida’s insurance commissioner announced his office has approved four rate decreases on homeowner policies, averaging 7% and affecting 62,000 policies at renewal. And more rate cuts are on the way—further...
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