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.
Author: Maria Valdez Haubrich
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.
AIG Appoints Ray Hall as Head of Western World
American International Group, Inc. has announced that Ray Hall has been appointed Head of Western World, effective immediately. In his new role, Hall will report directly to Lou Levinson, President and Chief Executive Officer of Lexington Insurance, an AIG company.
Middle Class Mortgage Insurance Premium Act Aims to Lower Costs for Homebuyers
In a rare show of bipartisan unity, lawmakers in the House of Representatives have introduced legislation aimed at easing the financial burden of mortgage insurance premiums for middle-class families.
Consumer Group Challenges Insurance Surcharge for California Wildfires
As Californians continue to recover from the devastation of the 2025 Los Angeles wildfires, a new legal battle is brewing — this time over who should foot the bill for the $1 billion in insurance claims.
Tariffs and Market Volatility: Potential Impacts on Insurance Sector
KBRA releases research examining the impact of the ongoing tariff disputes and related trade tensions, with a focus on emerging credit challenges for the sector.
USG Announces Hire of Autumn Ledbetter in Montgomery, AL
USG Insurance Services, Inc., a prominent national wholesaler, and MGA is pleased to announce the addition of Autumn Ledbetter to their esteemed Brokerage Division.
2024 Tornado Activity Nearly Breaks U.S. Records: A Historic Year in Review
The year 2024 will be remembered as one of the most tornado-active years in U.S. history. With 1,796 confirmed tornadoes across the country, this year ranks as the second-highest for tornado activity since official records began in 1950. Only 2004 saw more, with 1,817 tornadoes.
IICF Western Division Celebrates 60 Nonprofit Grants, Topping $620,000, at Annual Horizon Award Gala
The Insurance Industry Charitable Foundation (IICF) celebrated $622,000 in IICF Community Grants awarded across the region to 67 nonprofit partners at its 10th annual IICF Western Division Horizon Award Gala in Los Angeles last week.