A powerful winter storm descending on Texas on Friday will be one of the toughest tests of the state’s electric grid since the system collapsed during a deadly 2021 freeze. Ice is predicted for the Dallas area, the Panhandle is …
Days after announcing a deal to equip 10,000 engineers and data scientists at Travelers with AI assistants, the insurance company’s leader detailed “differentiating domain expertise” around data and technology, which fuel long-term profit growth for the insurer. Travelers Chief Executive …
The Pennsylvania Supreme Court has vacated a lower appeals court ruling that had found ride-hailing firm Uber’s “clickwrap” mandatory arbitration agreement unenforceable because it would deprive a husband and wife of their right to a jury trial for their injury …
Insurance agency mergers & acquisitions were down 12% in 2025, compared with 2024. According to investment banking and financial consulting firm OPTIS Partners, there were 695 insurance agency deals in 2025. There were 787 deals in 2024. Despite an uptick …
A powerful winter storm descending on Texas on Friday will be one of the toughest tests of the state’s electric grid since the system collapsed during a deadly 2021 freeze. Ice is predicted for the Dallas area, the Panhandle is …
Hot on the heels of a significant rate cut in December, Florida’s Security First Insurance has announced another average decrease for one of its homeowners products. The use-and-file decrease will average about 5.2% for the carrier’s Signature+ HO3 policies, a …
German reinsurer Munich Re is planning to reduce jobs through attrition but may turn to voluntary buyouts at its ERGO insurance unit, CEO Christoph Jurecka said. Speaking to journalists on Thursday evening in Munich, Jurecka said that natural fluctuation “may …
Crawford & Company Announces New Operating Divisions, Appoints Hoberman CEO of US Operations Crawford & Company, headquartered in Atlanta, has announced a new global operating structure. Effective Jan. 1, Crawford operates under two divisions – U.S. Operations and International Operations. …
Warner Pacific, a general agency for brokers, based in California, has acquired Brokers Holding Group, a South Carolina general agency specializing in health plans and alternative funding for employer groups. The move expands Warner Pacific’s presence in the Southeast, the …
A bill to provide restitution to policyholders harmed by their insurer or agent passed the Washington Senate on Wednesday on a 29 to 20 vote. The bill, sponsored by Insurance Commissioner Patty Kuderer and sponsored by Senator Adrian Cortes (D–Battle …