INSURANCE NEWS
Homeowners Insurance Market Reaches ‘Fragmented Phase,’ Says S&P GMI
New research from S&P Global Market Intelligence looks to suggest that homeowners insurers are reaching rate adequacy, but certain marketplace factors are creating what it called a “fragmented phase.” Nationally, the US effective approved homeowners rate change declined from about …
Atlanta Airport Taps Munis for $1.1 Billion Mega Bond Sale
The world’s busiest airport is coming to market with a more than $1 billion municipal bond sale, boosting issuance in the lagging airport sector. Atlanta’s borrowing will help finance infrastructure improvements at the Hartsfield-Jackson Atlanta International Airport, a cornerstone hub …
WV Fire Commission Has Failed to Make Plan to Address High Fire Death Rate
West Virginia is one of the deadliest states for house fires, killing an average of 32 people per year between 2009 and 2023. An audit of the State Fire Commission in December of 2025 noted that the commission hadn’t compiled …
Amynta Group Buys Virginia-Based Southern States Underwriters MGU
Amynta Group, an insurance services firm and managing general agent based in New York, said it has acquired Southern States Underwriters and SSC Insurance Agency, based in Richmond, Virginia. The underwriter and agency are the insurance operations of Southern States …
People: Rivera Named President of FSLA at Convention
The Florida Surplus Lines Association installed its new officers and directors this week at what the association said was a record-breaking annual convention in St. Petersburg. “Our industry plays a vital role in helping Florida businesses and consumers find coverage …
AI Data Center Boom Is ‘Maxing Out’ P&C Insurers, AIG CEO Says
American International Group Inc. Chief Executive Officer Eric Andersen said that while the artificial intelligence buildout presents a “great opportunity” for the insurance industry, it’s also pushing property and casualty providers to their limits. AI data centers “need everything from …
Texas Trial Lawyers, Once a Democratic Force, Regain Clout in GOP
When Armin Mizani won the GOP primary for a north Texas House district in March, warning bells went off in certain Republican circles. It’s not his political ideology. Mizani is a die-hard conservative who, as mayor of Keller, proudly partnered …
Washington University in St. Louis Sued for Retaliation
Washington University in St. Louis is being sued for allegedly violating federal law by firing an employee in retaliation for her opposition to race discrimination and filing a discrimination charge with the U.S. Equal Employment Opportunity Commission (EEOC). According to …
People Moves: IMA Expands Private Equity and M&A Practice
IMA Financial Group announced the addition of seven new hires to its Private Equity and M&A Practice. The hires represent the latest investment in a practice that has become one of IMA’s fastest-growing specialty practices. Less than five years after …
People Moves: Lockton Names Knop as Yacht Practice Leader
Lockton announced the appointment of Tom Knop as Yacht Practice Leader for Lockton Private Risk Solutions. Knop’s appointment strengthens the firm’s private yacht and recreational marine capabilities and reinforces Lockton’s commitment to providing tailored, expert-driven solutions for high-net-worth individuals and …
Georgia Woman Says She Was Misdiagnosed, Had Hysterectomy Due to Labeling Error
An Atlanta-area woman alleges that she was wrongly diagnosed with cancer and underwent an unneeded hysterectomy because of a labeling error. Cassandra Barksdale and her attorneys filed a lawsuit Tuesday against Kaiser Permanente alleging the mix-up led to the surgery …
Sunstar Acquires Minnesota’s RJR Faribo Insurance Agency
Sunstar Insurance Group announced it has acquired RJR Faribo Insurance Agency, an independent agency serving clients in Minnesota. he collaboration marks Sunstar’s entry into Minnesota and strengthens the firm’s growing Midwest presence. With locations in Eden Prairie and Faribault, RJR …