Insurance Journal

Agency Networks Planning for New Growth in Changing Market

By Andrea Wells Organic growth is a key barometer of an organization’s success in any industry. And it’s critical when it comes to an independent agency’s profitability in a changing market cycle like today. While no one is predicti...

Posted: Sep 21, 2025

Death and Insurance (Not Taxes): Part Two

The homeowners policy and personal auto policy each address death and insurance protection in different ways. In part one of this two-part series, we reviewed how the homeowners policy responds. In this article, we will address the personal auto poli...

Posted: Sep 21, 2025

Two Years of IA Transformation: Viewpoint

This month marks two years since I officially took the helm at the Independent Insurance Agents & Brokers of America (the Big “I”) as president and CEO. This period since 2023 has been among the most transformative in recent memory &#...

Posted: Sep 21, 2025

DOJ Drops Defense of Ban on Employee ‘Non-compete’ Agreements

By Daniel Wiessner President Donald Trump’s administration has abandoned the U.S. government’s legal defense of a rule adopted under former President Joe Biden that had banned agreements commonly signed by workers not to join rivals of th...

Posted: Sep 21, 2025

Keeping Small Business Insurance Customers

Are property/casualty insurers facing a potential retention problem with small business customers? According to the J.D. Power 2025 U.S. Small Commercial Insurance Study, just 55% of customers say they “definitely will” renew with their c...

Posted: Sep 21, 2025

California Labor Commissioner Cites L.A. Restaurant $680K

The California Labor Commissioner’s Office cited J BBQ, a Koreatown restaurant, more than $680,000 for wage theft violations. A total of 48 workers were impacted by the violations, which included unpaid wages, denied breaks, and inaccurate wage...

Posted: Sep 21, 2025

California’s Insurance Commissioner Is Seeking Changes to The Intervenor Process

California Insurance Commissioner Ricardo Lara on Friday announced he wants to make certain reforms to the state’s insurance law, Proposition 103, including changing the controversial intervenor process. Prop. 103, passed by voters in 1988, is...

Posted: Sep 19, 2025

People Moves: IMA Financial Group Names Leadership Appointments in Houston Office

IMA Financial Group, a North American insurance brokerage firm specializing in risk management, wholesale brokerage, and wealth management, has announced two key leadership appointments in its Houston office to support the company’s commitment...

Posted: Sep 19, 2025

Grange Policy Not Ambiguous in Death of Family Killed in 2019 Kentucky Crash

A trial court said the insurance policy was ambiguous, allowing a commercial umbrella policy to supplement coverage in the deaths of five people killed by a drunken driver in 2019. But the Kentucky Supreme Court this week found that the …

Posted: Sep 19, 2025

Texas Insurance Agent Pleaded Guilty After Stealing Premiums

A Texas Department of Insurance (TDI) investigation led to prison time for a former insurance agent who overcharged almost $300,000 in insurance premiums. Carlyle Poindexter pleaded guilty to conspiracy to commit wire fraud in August and was sentence...

Posted: Sep 19, 2025

NHTSA Delays New Car Rating Updates for One Year at Industry Request

he National Highway Traffic Safety Administration said Friday that it will delay implementation of updates to the U.S. government’s New Car Assessment Program finalized in December after a request by automakers. The agency last year said it was...

Posted: Sep 19, 2025

The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services

Workers’ compensation specialist The MEMIC Group, led by parent company Maine Employers’ Mutual Insurance Company, has entered into an agreement to acquire The Dakota Group, including Risk Administration Services, Inc. and its four affili...

Posted: Sep 19, 2025

WalkerHughes Insurance Adds Indiana’s Brady Benefits to Midwest Platform

WalkerHughes Insurance announce the addition of Brady Benefits, a Fort Wayne-based Employee Benefits brokerage, to its growing Midwest platform. Brady Benefits, led by respected industry veteran Matt Brady, specializes in group health and ancillary b...

Posted: Sep 19, 2025

SEC Chair Says Markets Can Decide ‘Cadence’ of Company Reports

Investors and banks are likely to help set any new timeline for public company reporting as regulators press ahead on President Donald Trump’s bid to end quarterly reports, U.S. Securities and Exchange Commission Chairman Paul Atkins told CNBC...

Posted: Sep 19, 2025

12th Home in 5 Years Collapses into Surf on North Carolina Outer Banks

A beachfront stilt home along the Outer Banks in North Carolina has collapsed into the surf, bringing the total number of houses claimed by the Atlantic Ocean to 12 in the past five years. The two-story, wood-shingled home in Buxton, …

Posted: Sep 19, 2025

Morgan & Morgan Wants Court to Allow Early Mickey Mouse in Auto Injury Ads

Is Steamboat Willie “For the people?” That’s a question that one of the largest personal injury law firms in the United States is asking a federal court in central Florida to decide. The law firm Morgan & Morgan, known for &#823...

Posted: Sep 19, 2025

Businesses Underinvesting in Climate Adaptation Despite Intensifying Hazards: Marsh

Most businesses are failing to invest in needed climate adaptation as other business priorities and resources take precedence over climate initiatives, according to a survey published by Marsh, the insurance broker and business of Marsh McLennan. Whi...

Posted: Sep 19, 2025

Forecasters Give Tropical Storm in Atlantic a Name, Say it Should Strengthen Soon

Tropical Storm Gabrielle formed Wednesday in the Atlantic Ocean but was far from land, forecasters said. The center of Gabrielle re-formed from its morning position and was located about 990 miles (1,600 kilometers) east of the Northern Leeward Islan...

Posted: Sep 19, 2025

People Moves: HDI Global USA Appoints Griffin to Lead Casualty Business

HDI Global Insurance Company (HGIC), the U.S. carrier of international Corporate & Specialty insurer HDI Global (HDI), headquartered in Chicago, Illinois, appointed Bruce Griffin as head of casualty. Griffin is based out of HGIC’s Chicago h...

Posted: Sep 19, 2025

Southern California Edison, Others Settle to Recover $2B Tied to Wildfires

Southern California Edison has reached a settlement agreement with several intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events. Out of the $2 billion, about $1.6 &#...

Posted: Sep 19, 2025

EU Proposes Full Ban on Russian LNG From 2027, a Year Early

The European Union proposed a complete ban on imports of Russian liquefied natural gas from Jan. 1, 2027, as part of its latest measures to curb President Vladimir Putin’s ability to wage Moscow’s war against Ukraine. The EU also proposed...

Posted: Sep 19, 2025

[Video] Commercial Auto Insurers Wait on Impact of Litigation Reforms

Many commercial auto insurers are in a holding pattern, waiting to see how some states’ litigation reforms are enacted and enforced. However, there seems to be some positive signs for buyers. Insurance Journal’s Andrea Wells spoke to Jenn...

Posted: Sep 19, 2025

Lyft Pays New Jersey $19.4 Million Over Misclassifying 100,000 Drivers

Transportation company Lyft has paid the state of New Jersey $19.4 million to settle a case involving misclassification of more than 100,000 drivers as independent contractors. According to the New Jersey Department of Labor and Workforce Development...

Posted: Sep 19, 2025

British Motorists to Get £200 Million Compensation From Insurers

British insurance companies are paying £200 million ($270 million) to compensate motorists whose claims were underpaid, the Financial Conduct Authority said on Friday. Insurers including Direct Line Insurance Group Plc and Admiral Group Plc are getti...

Posted: Sep 19, 2025

Hong Kong Braces for Twin Storms as Forecasters Predict Super Typhoon

Hong Kong is facing a period of heavy rain and strong winds as two storms brew in warm tropical waters, with one system forecast to intensify into a super typhoon next week. A tropical depression is currently spinning in the …

Posted: Sep 19, 2025