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FIS to acquire Global Payments’ Issuer Solutions for $12 billion

coverager

To fund the acquisition, FIS will sell its remaining 45% stake in Worldpay to Global Payments for $6.6 billion.

Posted: Apr 21, 2025

Niche success: A closer look at top MGA go-to-market models

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Explore the strategies MGAs use to drive optimal market penetration and growth.

Posted: Apr 21, 2025

Ando Insurance renews SSP partnership for Digital Upgrade

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Ando will upgrade to the latest version of SSP’s PURE Insurance System.

Posted: Apr 21, 2025

Manulife appoints new chief actuary

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Fadous will report to incoming President and CEO Phil Witherington and join the insurer’s Executive Leadership Team.

Posted: Apr 21, 2025

Distinguished Programs launches new BOP product for restaurants

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The addition of the BOP further strengthens Distinguished’s comprehensive suite of restaurant-focused insurance products.

Posted: Apr 21, 2025

Jen Kyung to lead Nationwide’s P&C Business Performance Office

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The newly formed P&C Business Performance Office will collaborate with Nationwide’s P&C businesses.

Posted: Apr 21, 2025

AI Regulations Create New Cyber Insurance Challenges

Risk & Insurance

Nearly half of U.S. states are developing AI governance laws, with compliance and risk management implications, according to Gallagher. The post AI...

Posted: Apr 21, 2025

Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust

Insurance Journal

Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an 11% increase over the previous record of 1,292 in 2022, according to new report from cybersecurity firm BeyondTrust. Microsoft Office vulner...

Posted: Apr 21, 2025

Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Insurance Journal

Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover,...

Posted: Apr 21, 2025

2025 RIMS Preview: The Future of Cyber Risk Management

Risk & Insurance

RISKWORLD attendees will learn how cyber risk and data privacy protection laws are evolving alongside these risks. The post 2025 RIMS Previe...

Posted: Apr 21, 2025

Kentucky Auditor Announces Investigation of State’s Medical Cannabis Program

Insurance Journal

FRANKFORT, Ky. (AP) — Kentucky’s auditor said Thursday that her office will investigate the state’s medical cannabis program after receiving complaints about the lottery system used to award highly sought-after licenses to grow, process a...

Posted: Apr 21, 2025

Questions About How a Deputy’s Stepson Became the Accused Gunman at FSU Shooting

Insurance Journal

TALLAHASSEE, Fla. (AP) — Amid the abandoned chemistry notes and other debris left behind after a deadly shooting at Florida State University are lingering questions about how the stepson of a beloved sheriff’s deputy tasked with school safety a...

Posted: Apr 21, 2025

Applied Underwiters Completes Spin-Off of United Risk

Insurance Journal

Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was announced in November 2023, is a global property/casualty underwriting platform comprised of 28 different managing general agent (M...

Posted: Apr 21, 2025

Business Moves: Applied Underwriters Completes Spin-Off of United Risk

Insurance Journal

Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was announced in November 2023, is a global property/casualty underwriting platform comprised of 28 different managing general agent (M...

Posted: Apr 21, 2025

White House Seeks to Bring Financial Regulators Under Its Sway

Insurance Journal

The White House is stepping up its efforts to bring independent agencies — including the Securities and Exchange Commission and the Commodity Futures Trading Commission — under its control, requiring allies of President Donald Trump to approve all ne...

Posted: Apr 21, 2025

Trump Tariff Worries Spur Record Overseas Demand for Japanese Government Bonds

Insurance Journal

The longest-dated Japanese government bonds attracted record foreign demand last month as money shifted out of U.S. debt in search of other safe havens as President Donald Trump’s aggressive tariffs sparked concerns of a U.S. recession. Oversea...

Posted: Apr 21, 2025

India Plans to Ease Nuclear Liability Laws to Attract Foreign Firms, Sources Say

Insurance Journal

India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure. &#...

Posted: Apr 21, 2025

Norfolk Southern and OxyVinyls Reach Agreement on $600M Settlement

Insurance Journal

Norfolk Southern reached an agreement with one of two companies about how much each side will help pay for a $600 million class-action settlement, which the railroad agreed to after the disastrous 2023 Ohio train derailment and toxic chemicals that &...

Posted: Apr 21, 2025

Florida Bill Advances, Would End Board of Engineering, Other Professional Agencies

Insurance Journal

Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, acc...

Posted: Apr 21, 2025

Florida Bill Advances, Would End Board of Engineers, Other Professional Agencies

Insurance Journal

Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, acc...

Posted: Apr 21, 2025

Bayer Lobbies States in Battle to Keep Glyphosate on Market, CEO Says

Insurance Journal

Bayer is lobbying U.S. states to adjust their regulations in the battle to control costly litigation targeting its herbicide glyphosate but is also prepared for a possible exit from the market, the group’s CEO said on Thursday. Facing weak earn...

Posted: Apr 21, 2025

Gov. Hochul’s Proposed Regulatory Changes to Workers’ Comp Treatment

Insurance Journal

In her 2025 State of the State, Gov. Kathy Hochul outlined several proposals aimed at improving access to medical care within the New York State Workers’ Compensation system. These initiatives, detailed in her “Fighting for Your Family&#8...

Posted: Apr 21, 2025

High Cost of Living Fears We’re Made Worse by LA Wildfire in UCLA Survey

Insurance Journal

The high cost of living remains a main concern in America’s largest exacerbated by the January 2025 wildfires is one of the biggest worries bothering residents of Los Angeles County. A survey focused on the county, the nation’s largest wi...

Posted: Apr 21, 2025

Tesla Settles Employee’s California Suit Alleging Pervasive Harassment

Insurance Journal

Tesla settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying “welcome to the plantation” or “welcome to the slave house.”...

Posted: Apr 21, 2025

Navion Acquires P/C Business of Instasure in California

Insurance Journal

Navion insurance Associates Inc. acquired the property/casualty book of business from Instasure in California. Instasure is an insurance agency that specializes in serving the commercial insurance needs of clients. Navion Insurance Associates is base...

Posted: Apr 21, 2025

New York’s Delayed Retail Worker Safety Act Goes into Effect June 2

Insurance Journal

Originally set to go into effect Jan. 31, New York’s new law offers workers more protections against workplace violence and harassment. The Retail Worker Safety Act (S. 8358B/A. 8947C), signed by Gov. Kathy Hochul (D) on Sept. 4, 2024, requires...

Posted: Apr 21, 2025

FDA Suspends Food Safety Quality Checks After Staff Cuts

Insurance Journal

The Food and Drug Administration is suspending a quality control program for its food testing laboratories as a result of staff cuts at the Department of Health and Human Services, according to an internal email seen by Reuters. The proficiency &#823...

Posted: Apr 21, 2025

On-Demand Webinar — Focused Driving Awareness: Reduce Distracted Driving at Your Business

Risk & Insurance

Learn strategies on how businesses can lead the shift to focused driving by eliminating distractions and enhance driver focus. The post

Posted: Apr 20, 2025

Delivery Company Must Repay $2M for Workers’ Comp Scheme

Insurance Journal

A Los Angeles, California, couple was sentenced after an investigation reportedly found they underreported more than $21 million in employee payroll for their delivery companies. John Nemandoust, 70, was sentenced to 60 days in county jail, and Annet...

Posted: Apr 20, 2025

Dueling Regulators: Florida OIR Slams DFS in Effort to Combine Agency Insurance Oversight. DFS Pushe...

Insurance Journal

In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services has dropped the ball on consu...

Posted: Apr 20, 2025

What Young Agents Think Makes a Good Work Environment

Insurance Journal

1. Having a leadership team that believes in you and wants to see you succeed, along with fair compensation. 2. Flexibility, compensation, leadership. 3. Culture. We want a culture of people who want to win but also enjoy having fun …

Posted: Apr 20, 2025

Perpetuation Planning – Part One

Insurance Journal

Perpetuation planning should begin long before owners want to retire. The four major techniques to transfer ownership of a business are: • Internal sale to key employees, includ- ing family members. • Sale of the business to an outside firm. …

Posted: Apr 20, 2025

What Young Agents Like Most

Insurance Journal

1. Being my own boss, working as much as I want. When you are commission based you make your money, so you hustle. I worked 24/7. And loved it. I am career focused. 2. I thoroughly enjoy the relationships that …

Posted: Apr 20, 2025

3 Emerging Risks to Watch: 6G Wireless Technology, Autonomous Trucks, Kratom

Insurance Journal

It seemed not so long ago that many wireless carriers were in a race to 5G, touting the speed of their networks to consumers. Now, the successor to that network is in development and could bring a bounty of potential …

Posted: Apr 20, 2025

Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs Say

Insurance Journal

By L.S. Howard Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with prof...

Posted: Apr 20, 2025

Profile of Young Agents

Insurance Journal

Older Side of Young 62.6% are 31 to 40 years old 37.4% are 30 and under Career Choice 78.5% consider insurance to be a permanent career choice 15.1% are unsure 79.8% would recommend career choice to another young person 9.6% …

Posted: Apr 20, 2025

What Young Agents Think About the P/C Industry

Insurance Journal

Excellent Good Fair Poor Customer service 19.3% 59.6% 19.7% 1.4% Public image 17.8% 29.6% 33.3% 19.3% Treatment of employees 20.6% 50.9% 27.1% 1.4% Professionalism 24.9% 62.4% 10.3% 2.4% Ethics 26.4% 43.4% 25.9% 4.3% Career attractiveness to young pr...

Posted: Apr 20, 2025

Fighting Insurance Fraud: A Long-Term Win for the Industry

Insurance Journal

Fraud has long plagued the insurance industry, particularly in sectors like New York construction and habitational real estate. From staged trips and falls to fraudulent claims orchestrated by networks of bad actors–including lawyers, doctors,...

Posted: Apr 20, 2025

The Good and Bad About Being an Independent Insurance Agent

Insurance Journal

By Andrea Wells What’s so great about being a young independent agent today? Freedom, quality of life, opportunities to grow, challenges and the ability to solve them, the people and relationships built, the compensation, and, of course, the sa...

Posted: Apr 20, 2025

Revisiting California’s Wildfires: A Personal Journey

Insurance Journal

PART TWO OF A TWO-PART SERIES In this second article in a two-part series, Journalist Russ Banham endeavors to better understand the factors behind the devastating fires in Los Angeles County and the roles that public officials, fire suppression pers...

Posted: Apr 20, 2025

Gen AI Is Shaking Up Underwriting, but Can It Replace Human Judgment?

Insurance Journal

By Elizabeth Blosfield Artificial intelligence technology has continued to evolve, and it’s affecting many areas of insurance from claims to underwriting to customer service, according to panelists at the 2025 PLUS D&O Symposium in New York...

Posted: Apr 20, 2025

Young Agent Leaders

Insurance Journal

There’s no better time to excel and grow in the insurance world, some say. The talent gap has opened new doors for accelerated advancement for the driven and focused young professional. This issue of Insurance Journal features exclusive results...

Posted: Apr 20, 2025

What Young Agents Like Least

Insurance Journal

1. Rollercoaster of emotions related to sales. 2. I am always on call, which makes it difficult to fully detach from work. 3. The perception of being an “insurance agent” can be a negative one, even for a great agent. …

Posted: Apr 20, 2025

Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube Report

Insurance Journal

Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both a...

Posted: Apr 20, 2025

Young Agent Opinions on Current Employer

Insurance Journal

Excellent Good Fair Poor Outlook for the future of my agency 34.8% 53.3% 10.9% 1.1% Access to quality markets 38.5% 47.3% 13.2% 1.1% Relationships with carriers 35.9% 51.1% 12.0% 1.1% Agency’s culture 32.6% 51.1% 13.0% 3.3% Use of technology 20...

Posted: Apr 20, 2025

AccuWeather: Severe Storms in Central US Cause $80-$90B in Damages, Economic Loss

Insurance Journal

A multiday severe weather outbreak in the central U.S. caused an estimated $80 billion to $90 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. From April 2 to April 6, a rare weather system …

Posted: Apr 20, 2025

Tariffs Will Lead to 2M Fewer Auto Sales in US This Year, Firm Forecasts

Insurance Journal

By Kalea Hall and Nora Eckert U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts. If the …

Posted: Apr 20, 2025

Insurance Research Council Finds Personal Auto Insurance Affordability Better Than in the 2000s

Insurance Journal

According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure for auto insurance–as a...

Posted: Apr 20, 2025

Soft D&O Market May Come to an End as Risk Complexities Rise

Insurance Journal

By Chad Hemenway Buyers of directors and officers (D&O) liability insurance have benefited from strong capacity and healthy competition among insurers to see consistent rate decreases at renewal over the last several years. Those days may be comi...

Posted: Apr 20, 2025

What Does the Future Hold for Independent Agencies?

Insurance Journal

Wouldn’t it be nice to know what the future holds? The insurance market, the economy, and consumer expectations are all shifting, making it hard to know where to focus. The Council of Insurance Agents & Brokers (CIAB) reports that fourth-qu...

Posted: Apr 20, 2025