Insurance Journal

The first three months of 2025 were the slowest quarter for insurance agency mergers and acquisitions since the second quarter 2020, according to investment banking and financial consulting firm OPTIS Partners. The total number of insurance agency mergers and acquisitions …... Read more

Money laundering and cyber risks remained high in Switzerland, the head of the country’s financial market regulator said on Monday, while there was an increasing risk of individuals and trying to get around financial sanctions on Russia. Money-laundering risks were …... Read more

Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place properties before turning to surplus lines insurance if the governor signs House Bill 1549 into law. But a separate bill …... Read more

Oregon saw a drop in worker deaths last years, according to newly released data from the state’s Department of Consumer and Business Services. But despite the overall decline, the numbers show that certain industries—particularly logging and construction—continue to carry some …... Read more

A former Massachusetts state police sergeant was found guilty Friday of taking part in a scheme to take bribes, including a new snowblower and a driveway, in exchange for giving passing scores on commercial driving tests. Gary Cederquist, 59, of …... Read more

Global insurance broker Hub International Limited reported it has acquired the assets of Allegiant Global Partners, Inc. (AGP) of Boston. AGP is a health, welfare and risk consulting firm serving global employers. AGP serves the needs of international nongovernmental organizations …... Read more

TeleMessage, the message-archiving app that former National Security Adviser Michael Waltz appeared to be using in a photograph of him communicating with other Trump administration officials, is investigating whether hackers exploited its technology. A spokesperson for TeleMessage confirmed the inquiry …... Read more

Members of a high school lacrosse program in upstate New York are accused of staging an armed abduction of younger players in a stunt that “went way beyond hazing,” prosecutors said this week. All 11 people believed to be involved …... Read more

Spain’s high-voltage electricity grid suffered more power generation disruptions than previously known ahead of the country’s largest ever blackout, the government said. “There is new information: there was a third loss of power generation” that occurred 19 seconds before the …... Read more

Nearly four months after wildfires reduced thousands of Los Angeles-area homes to rubble and ash, some residents are starting to rebuild. In the Pacific Palisades neighborhood, construction workers recently began placing wooden beams to frame a house on a lot …... Read more

Kansas Insurance Commissioner Vicki Schmidt released data last month on the amount paid by insurance companies for Kansas storm damage claims in 2024. In 2024, reported storm claims totaled 56,778 and the amount paid out on those claims by insurance …... Read more

TWFG, Inc., a high-growth insurance distribution company, announced the acquisition of two agencies, one in Texas and one in North Carolina, and the hiring of Denise Davis as Vice President of Retail Operations. Denise Davis Insurance, located in Tomball, Texas, …... Read more

Aon Names DiLorenzo as Head of US Casualty for Reinsurance Solutions Insurance broker Aon plc named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions, effective immediately. In his new role DiLorenzo will be responsible for leading casualty broking …... Read more

Allstate Corp. CEO Tom Wilson said he does not expect auto insurers to get more aggressive on pricing as the industry’s increases seem to have leveled off. For the most part, Wilson explained to analysts during a call to discuss …... Read more

Years had passed since Hurricane Harvey’s howling winds and heavy rains tore apart Dan Lee’s century-old roof in West Columbia, south of Houston. Then came the knock on his door. It was Mosaic in Action, a nonprofit that has helped …... Read more