Hub International Limited has announced a $1.6 billion minority equity investment, bringing its enterprise valuation to $29 billion. This marks the highest valuation to date for a private insurance brokerage.
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Trump Signs Executive Order Targeting Lower Prescription Drug Prices
On May 12, U.S. President Donald Trump signed an executive order that aims to reduce the cost of prescription drugs in the United States by aligning prices with those paid in other developed countries.
Nevada Legislature Halts Bill to Increase Minimum Trucking Insurance Requirement
A bill in the Nevada Legislature that sought to double the minimum liability insurance requirement for certain in-state commercial trucking operations has been withdrawn from consideration.
Self-Defense Insurance Gains Traction Amid Rise in Gun Ownership
A growing segment of the insurance market is emerging in response to increased gun ownership and expanded self-defense laws across the United States: self-defense insurance.
NOAA Retires Billion-Dollar Disaster Database: What It Means for Insurers
The National Oceanic and Atmospheric Administration (NOAA) has announced it will no longer update its Billion-Dollar Weather and Climate Disasters database, a move that comes amid broader federal budget cuts to climate initiatives.
Global Banking Standards Shift Toward Climate Risk Awareness
Global banking regulators are stepping up efforts to deepen their understanding of climate-related financial risks, with renewed attention to the implications of extreme weather events on financial stability.
Lone Star Summit 2025 Gathers Texas Agencies and Industry Leaders
More than 400 independent agents, industry leaders, carrier and vendor partners gathered last week at Legacy West in Plano for the second annual Lone Star Summit.
New-Home Prices Drop in One-Third of U.S. Cities — But Affordability Gains May Be Short-Lived
Newly built home prices dropped in nearly one-third of the nation’s top 100 metro areas, according to Realtor.com®’s New Construction Quarterly Report.
14th Annual IICF Midwest Gala Raises $770,000 for Local Nonprofit Partners
The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, raised $770,000 at its fourteenth annual IICF Midwest Gala in Chicago.
Phishing Threats and Class Action Lawsuits: The Cyber Risks Facing Small Businesses
Today’s phishing scams are not only disrupting operations — they’re also triggering class action lawsuits against smaller companies.