In the wake of destructive wildfires fueled by dry weather and strong winds across Oklahoma, the National Insurance Crime Bureau (NICB) has issued a warning about potential contractor fraud targeting residents and business owners in the region.
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Marsh McLennan Agency Acquires Arthur Hall Insurance
Marsh McLennan Agency (MMA), a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions, has announced the acquisition of Arthur Hall Insurance.
Universal Insurance Holdings Company Announces Successful Conclusion of Claim Data Review
Universal Insurance Holdings, Inc. has announced the successful conclusion of a state review of its claims data related to Hurricane Irma, which occurred in September 2017.
New Bain Report Highlights Key Insurance Industry Challenges and Strategic Opportunities
A newly released report by Bain & Company, Bridging the Protection Gap: Affordability, Access, and Risk Prevention, outlines the evolving dynamics of the global insurance industry.
Auto Costs Set to Rise as Tariffs Reshape Repair, Insurance, and Dealership Economics
Beginning April 3, new 25% tariffs on auto imports are expected to affect multiple layers of the automotive and insurance industries. While positioned as a move to bolster domestic manufacturing, the tariffs will likely introduce new cost pressures across the vehicle lifecycle.
Health Insurance Ethics Under Scrutiny After CEO Admits Use of Private Investigators
A recent testimony by the former CEO of a Texas-based health insurance provider has sparked widespread concern and prompted a state investigation into the company’s practices.
The Hidden Lawsuit Tax: How Legal System Abuse Is Driving Up Insurance Costs for Everyone
From homeownership to auto insurance, consumers across the U.S. are feeling the sting of rising costs — and not just because of inflation. A growing number of experts point to another, lesser-known culprit: widespread abuse of the legal system.
Strategic Stake: Mitsui Sumitomo Boosts W.R. Berkley With 15% Investment
W.R. Berkley Corporation saw its stock surge to an all-time high following news that Japan’s Mitsui Sumitomo Insurance will acquire a 15% stake in the company. The move signals a significant vote of confidence in the U.S.-based insurer and strengthens ties between the two firms.
California Commissioner Backs Bill to Enhance Homeowners’ Privacy and Insurance Transparency
The Commissioner of California, Ricardo Lara, announced last Friday his support for new legislation designed to safeguard homeowner privacy and improve transparency regarding how insurance companies use aerial imagery.
Louisiana Lease Agreements Raise Liability Questions in Vehicle Accidents
As vehicle leasing continues to grow in popularity across Louisiana, legal questions surrounding accident liability have become increasingly relevant for lessees and lessors alike.