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AIG Elects Juan Perez to its Board of Directors

American International Group, Inc. — AIG — today announced that Juan Perez, Executive Vice President and Chief Information Officer (CIO) of Salesforce, has been elected to its Board of Directors as an independent Director, effective immediately.

NSM’s Commercial Division Embraces a Bold New Chapter

NSM Insurance Group, a global specialty insurance provider, announced today it has signed a definitive agreement to sell its U.S. commercial insurance division to New Mountain Capital, a leading growth-oriented investment firm with over $55 billion in assets under management.

California Insurance Wholesalers Association (CIWA) Launches Internship Program to Foster Next Generation of Insurance Professionals

The California Insurance Wholesalers Association (CIWA) announces the launch of its inaugural Internship Program, designed to provide college students with hands-on experience in the excess and surplus lines insurance industry.

The Cost of Flood Recovery: Why Many Homeowners Are Left Without Insurance

Washed out Low Water Bridge in Fries, VA from Hurricane Helene

When Hurricane Helene brought severe flooding to western North Carolina, many homeowners faced devastating losses—only 3 percent had flood insurance.

California’s Wildfire Crisis: $30 Billion in Real Estate Losses and a Long Road to Recovery

The sun nearing the horizon over Long Beach, California lining up with one of the main streets in the city illuminating the pavement shot from about 1000 feet overhead.

The devastating Palisades and Eaton fires have inflicted an estimated $30 billion in real estate losses, displacing nearly 13,000 households and severely impacting local communities.

One in Three U.S. Drivers Are Either Uninsured or Underinsured, Exposing Themselves and Other Drivers to Significant Financial Risk, New IRC Study Shows

driving on highway road, closeup hands of car driver on steering wheel, road trip at sunset

One in three U.S. drivers (33.4%) were either uninsured or underinsured in 2023, a 10-percentage point increase in the combined rate since 2017, according to a new report, Uninsured and Underinsured Motorists: 2017–2023, produced by the Insurance Research Council (IRC), affiliated with The Institutes.

California’s FAIR Plan Faces $1 Billion Shortfall Following LA Wildfires

Wildfire Fire Burns East Of Los Angeles covering the area in smoke

California’s FAIR Plan, the state’s insurer of last resort for homeowners unable to obtain private insurance, requires an additional $1 billion to cover claims from the recent Los Angeles wildfires.

California Court Rules Wildfire Debris Does Not Constitute “Physical Damage” in Homeowners Insurance Case

Close-up portrait of the rubble remains of a kitchen devasted by a fire

A recent California appeals court decision has reaffirmed that wildfire debris does not automatically constitute “direct physical loss or damage” under homeowners insurance policies.

Avoiding IRS Audits: Common Red Flags and Best Practices

Tax Breaks for the Wealthy

While audits remain relatively rare, the IRS employs sophisticated software to flag inconsistencies, and certain red flags can increase the likelihood of scrutiny. Understanding these triggers can help taxpayers file more accurately and avoid unnecessary audits.

FCC 1:1 Consent Order Vacated: Key Developments and Industry Implications

Washington, D.C., USA - February, 29, 2020: Entrance to Federal Communications Commission in Washington, D.C., USA. FCC is an independent agency of the USA government that regulates communications.

On January 24, 2025, significant developments impacted the lead-generation industry regarding compliance with the Telephone Consumer Protection Act (TCPA).