On April 24, 2025, in Los Angeles, the Insurance Industry Charitable Foundation (IICF) brought together an impressive cohort of industry leaders for the 2025 IICF Philanthropic Roundtable — a flagship event celebrating the power of giving back.
Author: Maria Valdez Haubrich
Legal Advertising and Fraud Blamed for Rising Auto Insurance Costs in New Jersey
In a recent opinion piece, vp of the New Jersey Civil Justice Institute, argues that escalating auto insurance premiums in New Jersey are being driven by factors that nearly destabilized the market in the past — namely, insurance fraud and aggressive legal advertising.
Cybercrime Surges in 2024: Ransomware and Cryptocurrency Fraud Drive Record Losses
Cybercrime inflicted unprecedented financial damage in 2024, with the FBI reporting a staggering $16.6 billion in total losses — an alarming 33% increase over the previous year.
Clearspeed Named Winner of The 2025 FinTech Awards for Best FinTech for Corporate Insurance
Clearspeed, the leader in voice-based risk assessment technology, has been named the winner in The 2025 FinTech Awards program for Best FinTech for Corporate Insurance.
California’s Wildfire Insurance Crisis: Why a Public Risk Model Could Be the Game-Changer
California’s escalating wildfire threat — fueled by climate change and human development — is straining the insurance market, but a new public risk model could reshape premium calculations and offer homeowners better protection.
USG Announces Hire of Ken Bates in Anaconda, MT
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Ken Bates to its US Satellite branch.
Consumer Safety Commission to Halt Injury Data Collection Following CDC Staff Cuts
The U.S. Consumer Product Safety Commission (CPSC) will stop collecting a broad range of injury data due to staff reductions at the Centers for Disease Control and Prevention (CDC), according to an agency email and a source familiar with the situation.
U.S. Broker M&A Activity Rises 11.4% in Q1 2025 as Private Capital Maintains Momentum
Broker mergers and acquisitions (M&A) in the United States saw a significant uptick in the first quarter of 2025, with 127 announced transactions through March 31 — an 11.4% increase over the 114 deals recorded during the same period in 2024.
Oregon Supreme Court Affirms Insurers’ Right to Contribution Despite Co-Insurer Settlement
In a unanimous ruling issued April 10, 2025, the Oregon Supreme Court confirmed that Continental Casualty Company can pursue contribution from another insurer, even after that insurer has settled with the insured.
IICF Expands Midwest Presence with New Minnesota Chapter
The Insurance Industry Charitable Foundation (IICF) has announced the launch of its Minnesota Chapter, further strengthening its philanthropic efforts in the Midwest.