Insurance Journal
The average cost of workers’ compensation insurance in Washington will go up about 3.8% in 2025, the Washington State Department of Labor & Industries announced. Employers and workers together will pay on average roughly $1 per week more fo...
Posted: Dec 02, 2024
New Jersey is using a mix of buyouts and barriers to tackle flooding in two vulnerable locations. Officials this week announced funding to buy and demolish homes in flood-prone sections of Cranford, a Union County community about 20 miles (32 …
Posted: Dec 02, 2024
It’s often easy to put a finger on exactly why someone likes their job, and if there’s more than one thing to like, that says something good about the workplace. But what does it say if there are almost too …
Posted: Dec 02, 2024
G&G Independent Insurance has cracked the code. For the fifth straight year, G&G has been named a finalist in Insurance Journal’s Best Agencies to Work For competition. Five straight years of praise coming from inside the Fayetteville,...
Posted: Dec 02, 2024
This post is part of a series sponsored by Selectsys. Introducing Selectsys Max In the fast-paced world of insurance, MGAs and wholesalers need a management solution that is secure, highly customizable, and designed to accelerate every aspect of the...
Posted: Dec 02, 2024
By Karen Matthews A New York City man has been charged with staging a car accident for insurance fraud purposes in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities announced. Prosecutors &...
Posted: Dec 01, 2024
The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack that has disrupted online shopping, product deliveries and pharmacy services at some locations. Ahold Delhaize USA confirmed the...
Posted: Dec 01, 2024
A Missouri farmer who appears in a reality TV show about his family’s farming operation pleaded guilty this week to a multi-million dollar fraud scheme involving federal crop insurance benefits. Steve A. McBee, 52, waived his right to a grand &...
Posted: Dec 01, 2024
By Steve Karnowski Smithfield Foods, one of the nation’s largest meat processors, has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota, officials announced. An investigation by the Minnesota Depa...
Posted: Dec 01, 2024
For a long time, the hard market has made it difficult for agents to offer their clients the coverage they want at affordable prices — assuming coverage was available at all. Now, there are signs that this is changing. With …
Posted: Dec 01, 2024
If the pace of product recalls continues in the fourth quarter, the number will reach a six-year high by the end of the year, a new report from Sedgwick shows. Year-to-date there have been 2,454 product recalls across five key …
Posted: Dec 01, 2024
Everyone is familiar with the significant price increases of many products and services in recent years. We call that “inflation” and it is essentially the reduction in value of a product or service based on the product or service remaini...
Posted: Dec 01, 2024
By L.S. Howard Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due to floods, according to Swiss Re Institute. As climate change intensifies extreme weather events and rap...
Posted: Dec 01, 2024
By Allen Laman What emerging risks could electric vehicles present as they become more widespread? Experts at Verisk recently explored the current EV landscape and hypothesized what insurance concerns the vehicles could prompt in the future. During a...
Posted: Dec 01, 2024
Agency owners must observe and learn about significant new trends in the insurance industry. The following are three critical industry trends insurance agencies should track for 2025. Look for Part Two in January’s column. 2025 M&A Activity...
Posted: Dec 01, 2024
It’s no surprise to independent agencies that talent, quality talent, is hard to find. Employers of every size and industry — across nearly every state — say they are facing unprecedented challenges trying to find enough workers to...
Posted: Dec 01, 2024
The Texas Windstorm Insurance Association Board of Directors met in November to review information related to the agency’s 2025 budget. The meeting presented new information on TWIA losses from 2024 storms as projected policy growth in the comi...
Posted: Dec 01, 2024
Four Los Angeles area residents were arrested after a California Department of Insurance investigation reportedly found the suspects allegedly committed insurance fraud by claiming a bear had caused damage to their vehicles. It turns out it was a per...
Posted: Dec 01, 2024
Investing in Employees Is a Priority at Deland, Gibson As Deland, Gibson Insurance Associates Inc. (DG) approaches its 125-year anniversary, the Massachusetts-based independent agency is expanding its footprint and revenue. DG is also continuing its...
Posted: Dec 01, 2024
This post is part of a series sponsored by Darkhorse Insurance. Having to start an agency is an exciting and rewarding venture, but it’s crucial to plan for the financial commitments involved. From initial setup costs to ongoing expenses, under...
Posted: Nov 28, 2024
A worker activist has sued the Department of Labor (DOL) to force the release of records surrounding the deaths of three workers at New Jersey Amazon workplaces in 2022. The lawsuit says DOL’s Occupational Safety and Health Administration (OSHA...
Posted: Nov 27, 2024
Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research published by Howden, the London-based insurance intermediary group. Half of those businesses (52%), or 1.3 mil...
Posted: Nov 27, 2024
NEW ORLEANS (AP) — Louisiana Gov. Jeff Landry raised serious objections Thursday to a $3 billion project long hailed as key to restoring the state’s eroding coastline, decrying the growing cost and predicting dire harm to a coastal culture depe...
Posted: Nov 27, 2024
A Wisconsin man has been charged with defrauding the Federal Crop Insurance Program, the U.S. Attorney’s Office for the Western District of Wisconsin announced. Lance G. Meier, 52, Ogema, is charged with defrauding the federal crop insurance pr...
Posted: Nov 27, 2024
BRIGHTON Mich. (AP) — A tank containing byproducts from oil drilling operations exploded and caught fire Tuesday near the General Motors Proving Ground in southeastern Michigan, damaging two nearby homes but causing no injuries, a fire chief said. Fi...
Posted: Nov 27, 2024