Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market?
One theme that has come up repeatedly in conversations with reinsurance brokers recently is that achieving a good renewal outcome is no longer always enough to demonstrate value. That would have sounded like a strange concern a few years ago. …
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base
Insurtech Lemonade reported a second quarter 2026 net loss of about $43 million compared with a loss of about $44 million during the same time in 2025. Lemonade said its topline growth was positive, with 76% increase in year-over-year gross …
Florida’s Universal Basking in the Sunshine of Legislative Changes
Universal Property & Casualty Insurance Co., now Florida’s second-largest property insurer behind only State Farm Florida, continues to rebound from the dark days of Florida’s insurance crisis, with new policies, higher profits and an improved combined ratio. CEO Stephen Donaghy …
Travelers Expands Product Liability Product to California Life Sciences
Travelers is making its product liability insurance product for life sciences companies to California. The company’s Travelers Synergy has now rolled out in all 50 states. Travelers Synergy is designed to protect life sciences companies against product-related claims at any …
Trump Asks Supreme Court to Toss $83 Million Carroll Verdict
President Donald Trump asked the US Supreme Court to consider overturning an $83.3 million jury verdict against him in a defamation suit by the writer E. Jean Carroll, according to a copy of the petition reviewed by Bloomberg News. Trump …
6 in 10 New Jerseyans Want Regulations Around AI and Mental Health: Rutgers
Newswise — Nearly 6 in 10 New Jersey adults support regulating how artificial intelligence (AI) chatbots interact with users seeking mental health advice, according to a study conducted by the Eagleton Center for Public Interest Polling, home of the Rutgers-Eagleton …
Utica National Teams Up With NFL’s Buffalo Bills
Utica National Insurance Group announced a partnership with the National Football League’s Buffalo Bills. Utica will become the “official home, auto, and business insurance partner” of the team. As the football season approaches, Utica National said it will roll out …
Inszone Insurance Acquires Pennsylvania Hospitality Specialist Progress Brokerage
Inszone Insurance Services, a national provider of commercial, personal, and benefits insurance, announced the acquisition of Progress Brokerage Group, LLC, a specialized insurance agency based in Springfield, Pennsylvania. Founded in 2013 by Ed Snow, Progress Brokerage Group has built a …
Verisk Buys McKenzie Intelligence Services, a UK-Based Catastrophe Analysis Firm
Verisk, the data analytics and technology firm, announced it has acquired UK-based McKenzie Intelligence Services (MIS), a geospatial intelligence and event response company that specializes in global real-time catastrophe and conflict event analysis. Financial details of the transaction, which was …
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026
Brown & Brown anticipates that the cost of the Howden-driven talent war for the full-year 2026 could hit $60 million – an increase from the $31 million it estimated last quarter. “Based on currently available information, we anticipate the full-year …
Relation Acquires Wisconsin’s Mid-State Insurance
Relation Insurance Services announced their acquisition of the assets of Mid-State Insurance. The transaction went into effect on March 31, 2026; terms of the transaction were not disclosed. Founded in 1986 as an independent life and health agency in Milwaukee’s …
DoorDash Is Building Its Own Delivery Drones, Gains FAA Nod for Commercial Service
DoorDash Inc. is building its own delivery drones and has gained the necessary approvals to operate them commercially, the latest in its effort to delegate more orders to robots as a way of cutting delivery times. DoorDash, the largest food-delivery …
Ventura County DA Gets $900,000 to Combat Workers’ Comp Fraud
The Ventura County District Attorney’s Office was awarded $898,840 from to investigate prosecute workers’ compensation fraud for the fiscal year. The grant, awarded through the California Department of Insurance, funds the DA’S Workers’ Compensation Fraud Unit. The unit includes prosecutors, …
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 …
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