INSURANCE NEWS
Minnesota Resolves Suit Against Fleet Farm for Negligent Firearm Sales
Minnesota Attorney General Keith Ellison announced that he has resolved the October 2022 lawsuit he filed on behalf of the State of Minnesota against retail chain Fleet Farm for negligently selling firearms to straw purchasers. The consent judgment with Fleet …
‘Meaningful Decline’ in Industry Q1 Underwriting Profit Expected From Winter Storms
Another tough first quarter is in store for insurers when it comes to catastrophe losses—though not as severe as a year ago from the California wildfires. According to industry rating agency AM Best, insurance losses from the two major winter …
Relation Acquires Illinois’ Thorn Creek
Relation Insurance Services announced their acquisition of the assets of Thorn Creek Insurance Services Inc. The transaction went into effect on January 31, 2026; terms of the transaction were not disclosed. Headquartered in Springfield, Illinois, Thorn Creek entered the property …
Families of Flood Victims Texas Over Camp Mystic Disaster Response
Texas health officials failed to follow state law when they licensed Camp Mystic without making sure it had an evacuation plan, parents of nine children and counselors who died in the July 4 flood allege in a new federal lawsuit. …
Lead Detected in New Orleans Homes Amid Delayed Pipe Replacement
Each morning, Katherine Prevost fills her coffee maker with water from her kitchen faucet and presses the button. Until recently, she didn’t know the water may have contained a potent neurotoxin — lead. She was shocked when a water test …
Insurers See Themselves Shielded From Private Credit Worries
Top executives at some of Europe’s biggest insurance companies acknowledged widespread concern about private credit while seeking to reassure investors about their own investments in the asset class. Markets are worried “that when things don’t go well in the economy, …
EU Seeks G7 Coordination on Maritime Services Ban on Russian Seaborne Oil
The European Union needs to coordinate its plan to impose a full maritime services ban on Russia’s seaborne crude oil exports with other G7 countries before pushing ahead with the measure, the EU’s sanctions envoy said on Thursday. The European …
Root Inc. Reports Record 2025 Net Income as Policies Grow
Root Inc. reported a fourth quarter 2025 net income of $5.3 million compared with net income of $22.1 million for the same period in 2024 but ended the year with record net income of $40.3 million, a 30% jump compared …
King Risk Expands With Acquisition of Lewis Agency in Georgia
King Risk Partners, one of the largest U.S. agencies, with offices across the eastern half of the country, has acquired Georgia-based Lewis Insurance, an independent agency that writes personal and commercial coverage around the Southeast. Lewis, founded more than 30 …
Willis Launches Global Digital Infrastructure Group for Data Center Risks
Willis, a WTW business, said it has started a Global Digital Infrastructure Group to be led by Alastair Swift, head of Willis Global Specialties. The announcement comes on the heels of a newly unveiled data center risk management framework. The …
People Moves: Former USAA CEO Named to Cotality Board; Chubb Names MacLean ESIS Division President; BHSI Promotes in Property
Cotality Appoints Former USAA CEO Peacock to Board Property information and analytics provider Cotality said it appointed former USAA chief executive Wayne Peacock as an independent member of its board, effective Feb. 18. Peacock spent 36 years with USAA, becoming …
Safety Insurance Drove Up Net Income by 40% in 2025
Safety Insurance Group, Inc. reported that net income for the full year 2025 was $99.3 million compared to net income of $70.7 million for the 2024, a 40% increase. Net income for the quarter ended December 31, 2025 was $20.1 …