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Steadfast Group Acquires Majority Stake in Novum Underwriting Partners

Steadfast Group has announced the acquisition of a majority stake in Novum Underwriting Partners, a U.S.-based specialty underwriting agency and wholesale brokerage.

OIR Issues $2 Million in Penalties Following Hurricane Claims Examinations

Palm trees in the wind

The Florida Office of Insurance Regulation has fined eight insurers a total of $2,075,000 for improper claims-handling practices after Hurricanes Ian and Idalia, underscoring its commitment to insurer accountability and consumer protection during hurricane season.

Best’s Market Segment Report: Reinsurance Market for U.S. Mortgage Credit Risk Matures

3d render Miniature house Real Estate Trading and Percentage Signs, Mortgage Low and High Interest Concept Buying and Selling, Buying and Selling Mortgage Interest Concept, Depth of Field

“Reinsurance Market for US Mortgage Credit Risk Matures,” highlights the continued role of reinsurance in private mortgage insurance and the expanding use of unaffiliated reinsurers.

Study Finds Younger Adults More Willing to Commit Insurance Fraud

3D illustration of private investigator files with the words investigation and fraud

A new study from the University of Georgia (UGA) has found that younger adults are significantly more willing to commit insurance fraud compared to older generations.

Ryan Specialty Underwriting Managers Appoints Alan Ferguson CEO of US Assure

Ryan Specialty Underwriting Managers, the underwriting management division of Ryan Specialty, is pleased to announce the appointment of Alan Ferguson as Chief Executive Officer of US Assure, effective September 1, 2025.

WMO Reports Possible Return of La Niña Starting in September

Planet earth split in two showing two extreme outcomes of climate change management.

The World Meteorological Organization (WMO) announced that a return of La Niña could begin influencing global weather patterns as early as September.

Bundling Insurance: What JD Power’s Experts Are Seeing Right Now

3d illustration of house with car over meadow background

In a recent JD Power Insurance Intelligence podcast, hosted by Michael Vermillion, three JD Power leaders unpack what “bundling” really means today.

When the Unthinkable Happens: Supporting Schools and Faith Communities After Tragedy

Telephoto image of Church interior.

During a tragedy insurance agents can approach schools and churches with compassion and preparedness, offering protection, recovery resources, and sensitive guidance.

Sompo to Acquire Aspen in $3.5 Billion Cash Deal

Sompo Holdings has announced a definitive agreement to acquire Aspen Insurance Holdings Limited in a cash transaction valued at approximately $3.5 billion.

Flood Sensors Aim to Get Help to Chicago Neighborhoods Faster

Chicago, Illinois, USA - June 29, 2010: John Hancock building viewed through a public pavilion in the shape of a honeycomb, at the newly opened urban wetlands area at Lincoln Park Zoo.

Dozens of new flood sensors are being installed across Chicago in an effort to improve response times and reduce damage from heavy rain and sewer backups.