INSURANCE NEWS
Oklahoma Insurance Department’s Fire Classifications Save Homeowners $22M
The Oklahoma Insurance Department (OID) announce that its Fire Protection Classification Division saved homeowners approximately $22 million in insurance premiums in 2024. Classification ratings are based upon Verisk’s “Fire Suppression Rating Schedule,” general criteria of the National Fire Protection Association, …
People Moves: Evans Jr. Elected President of Big I Illinois
Thomas Evans, Jr. of Biglow & Company, Inc, (Assured Partners) in Fox Lake, Illinois, has been elected and formally installed as the President of Big I Illinois at the organization’s annual convention in Peoria earlier this month. He will serve …
EPIC Acquires Illinois’ Price Insurance
EPIC Insurance Brokers & Consultants announced it is expanding its Chicago and Midwest footprint with the acquisition of Price Insurance, a fourth-generation, family-owned agency based in Lake Forest, Illinois. The addition enhances EPIC’s Private Client practice by bringing Price’s deep …
Texas Sues Tylenol Makers J&J and Kenvue, Alleging They Hid Drug’s Autism Risks
The makers of Tylenol, Johnson & Johnson JNJ.N and Kenvue KVUE.N, were sued on Tuesday by Texas Attorney General Ken Paxton, who accused them of knowingly hiding the drug’s links to autism and attention deficit hyperactivity disorder. Paxton, a Republican, …
Chemical Board Investigators Digging Into Fatal Tennessee Explosives Plant Blast
The U.S. Chemical Safety and Hazard Investigation Board is deploying investigators to Tennessee this week, now that federal ATF teams have completed much of their work at a military explosives plant that blew up Oct. 10 and killed 16 people. …
Federal Judge Decertifies Apple App Store Class Action
A federal judge decertified on Monday a class action by tens of millions of Apple customers who accused the company of monopolizing the market for iPhone apps by banning purchases outside its App Store, leading to higher prices. U.S. District …
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4%
Insurance broker Brown & Brown reported revenues of $1.6 billion during the third quarter – an increase of $420 million or 35.4% from Q3 2024. Commissions and fees rose by 34.2% with organic revenue increasing by 3.5%, a dip from …
The Hartford Q3 Net Income Up 41%
Net income at The Hartford increased 41% to about $1.1 billion in the third quarter 2025. Q2 property/casualty written premiums increased 7% compared to Q3 2024, led by growth of 9% in the business insurance segment. Helped by lower catastrophe …
Security First the Latest in Florida to Announce Home Insurance Rate Cut
Security First Insurance, ranked the 15th largest property insurer in Florida earlier this year, announced it has filed for an 8% average statewide rate decrease for thousands of homeowners policies, making it the latest carrier to follow through on expectations …
J&J Talc Cancer Suits Rise 17% After Failed Settlement Push
Johnson & Johnson has seen a 17% jump in new lawsuits claiming its iconic baby powder causes cancer after the company’s latest attempt to force a global settlement was thrown out of bankruptcy court. J&J is facing approximately 73,570 suits …
Virginia’s Lawsuit Against TikTok Gets Green Light to Proceed in State Court
Virginia’s lawsuit against TikTok and its China-based parent company ByteDance Ltd. will move forward in state court, despite TikTok’s efforts to have it dismissed. Richmond City Circuit Court Judge Richard B. Campbell ruled on October 24 that the case brought …
Transportation Secretary May Pull $160M From California Over Noncitizen Truck Licenses
U.S. Transportation Secretary Sean Duffy warned that he is about make good on a threat to revoke millions in federal funds for California because he says the state is illegally issuing commercial driver’s licenses to noncitizens. In an appearance on …