INSURANCE NEWS
US Shuts Down Iran’s Maritime Trade Despite Optimism for More Talks
The United States said on Wednesday its military had completely halted trade going in and out of Iran by sea, while President Donald Trump said talks with Tehran on ending the war could resume this week, sending oil prices down …
Dutch Insurer Aegon Strikes $2.7B Deal to Sell UK Insurance Business to Standard Life
Aegon has agreed to sell its UK insurance business to Standard Life for a total value of 2 billion pounds ($2.7 billion), the Dutch insurer said on Wednesday. The payment would consist of a cash amount of 750 million pounds …
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025
Insurance claims volumes in the United States declined across most lines in 2025 due at least in part to less severe weather, but risks remain elevated as insurers navigate complex and concentrated claims, according to an annual report from Verisk. …
CRC Group Adds Murphy as Casualty Broker; Peachtree Group Names Morey VP
CRC Group, a wholesale specialty insurance distributor, has added a broker to its specialty team, based in Charlotte, North Carolina. Will Murphy has experience in commercial insurance advisory and casualty brokerage, with a focus on business development and client engagement, …
With Florida Businesses Facing Higher Costs, is Premium Financing an Answer?
Florida’s population is growing rapidly, with over 23 million residents currently, and a projected growth of approximately 1.24% annually. Florida’s attractive business climate and tax policies, in contrast to states like New York and California, keep its competitive draw for …
Bodies of 2 Workers Found Days After Collapse at Hospital Parking Garage
The bodies of two workers trapped when a stairwell roof collapsed at a parking garage under construction in Philadelphia have been found, authorities announced Monday morning. The section of roof at the Children’s Hospital of Philadelphia’s garage fell Wednesday, triggering …
Personnel Staffing to Pay $155K in Sex Discrimination Charge
Alabama-nbased Personnel Staffing Inc., a staffing service for more than 15 southeastern states U.S., will pay $155,000 to a class of female employees, as the result of an investigation by the Equal Employment Opportunity Commission (EEOC). The EEOC said its …
Fire Departments Halt Service Due to Lapse in Workers’ Compensation
Last week, two volunteer fire departments in Vandergrift Borough, Pennsylvania suspended their services because their workers’ compensation insurance policies lapsed. State law requires fire departments to have the coverage. Because of the lapse in insurance, the firefighters could not respond …
Tesla’s Gigafactory Water Use Surges in Austin as New Chip Plant Looms
Tesla’s Giga Texas increased its annual treated water use by more than 200 million gallons in just two years, raising concerns about whether Austin can fulfill its long-term water conservation plans as Elon Musk advances plans for a new semiconductor …
Farmers Face Local Opposition to Host Solar
Through the window of his combine, Wayne Greier watches his teenage son Blake drive a tractor across an empty field, towing a plow into position for another uncertain season of spring planting. Greier would be worrying less if the solar …
Trucordia Acquires Louisiana’s JJL&W Insurance Consulting
Trucordia announced its acquisition of the assets of JJL&W Insurance Consulting, an employee benefits brokerage based in Baton Rouge, Louisiana. JJL&W was founded in 2020 by partners Jeff Joffrion, Troy Jones, Mitch Lansing, and Jeff Wampold, The JJL&W team focuses …
Missouri Waste Management Company to Settle Sex Discrimination Lawsuit
A Missouri waste management company has settled a federal lawsuit charging it rejected female applicants based on sex, the EEOC announced. Allied Services, LLC, doing business as Allied Waste Services of the Ozarks / Republic Services of the Ozarks will …