INSURANCE NEWS
After 55 Years in Florida Insurance, Tom Lynch Reflects on Agencies, Changes Needed
Over the last half-century as an insurance agency owner in south Florida, Tom Lynch has seen the ups and downs of the state’s property-casualty insurance market, from the rise of direct-to-consumer policies, to spiking premiums for homeowners and a statewide …
Great American Escapes Coverage for Grocery’s Opioid Litigation Settlement
The Great American Insurance Group is off the hook for a chunk of a grocery chain’s $1.4 billion settlement in opioid litigation, a North Carolina court found in a case that hinged on the wording of the settlement and the …
Ride-Hailing Policies in New Jersey Must Provide PIP Benefits for Injured Pedestrians
Liability insurance policies for transportation network companies (TNC) in New Jersey must include personal injury protection (PIP) benefits for uninsured pedestrians injured by a TNC vehicle, New Jersey appellate court has ruled. Liberty Mutual denied an uninsured pedestrian coverage after …
Kin Expands Launches Condo and Flood Insurance Options in California
Kin launched two new coverages for California homeowners — condo (HO6) insurance and a flood insurance add-on to Kin home insurance policies. The condo policies are designed to account for wildfire mitigation steps a homeowner has already taken — including …
EF3 Tornado Causes Severe Damage in Northeastern Wisconsin
A tornado that caused severe damage in northeastern Wisconsin on July 27 has been preliminarily ruled as an EF3, the National Weather Service said. The tornado stayed on the ground for more than 20 minutes, damaging homes and businesses in …
People Moves: World Insurance Names Milford Chief Broking Officer
Betsey Milord joined World Insurance Associates LLC (World), headquartered in Iselin, New Jersey, as chief broking officer. Milord will lead World’s broking organization. With more than 30 years of industry experience, Milord joins World after a decade at Marsh, where …
Enterprise Risk Associates Acquires Texas’ Hamann Insurance Group
Enterprise Risk Associates announced the acquisition of Hamann Insurance Group of Katy, Texas on June 17, 2026. Terms of the transaction were not disclosed. For more than 45 years, Hamann Insurance Group has been serving both commercial and individual clients …
AM Revises Outlook to Positive for Texas’ Standard Casualty
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Standard Casualty Company, based …
Texas’ KingsCover Rebrands as Dominion First
KingsCover Insurance Services, a specialty agency serving churches and ministries, has rebranded as Dominion First Insurance Services, LLC. The name change does not affect ownership, leadership, staffing, or client policies — the agency continues under the same team that built …
Meta, BlackRock Plan to Invest in $14 Billion Data Center
Meta Platforms Inc. and BlackRock Inc. plan to build a 1-gigawatt data center complex in Texas that will cost about $14 billion to develop, adding to a wave of investment in the computing hubs that power artificial intelligence. The facility …
France and Spain Plan Economic Aid as Major Fires Still Burn
France and Spain are studying ways to pump money into regions hit by massive wildfires over the past week even before the conflagrations are fully contained. Spanish Prime Minister Pedro Sánchez said the country’s cabinet will declare the affected areas …
Chobani Must Face Lawsuit Over Zero-Sugar Yogurt Claim, Appeals Court Rules
A federal appeals court has revived a proposed class-action lawsuit accusing Chobani of deceiving consumers by falsely advertising some of its Greek-style yogurt as sugar free. The 7th U.S. Circuit Court of Appeals in Chicago ruled on July 27 that …