Viewpoint: Insurance Broker Valuations – The Elephant in the Room
While insurance broker valuations remained resilient in 2025, essentially staying near all‑time highs, the elephant in the room—Brown & Brown (NYSE: BRO)—has received little attention. From a valuation perspective, what happened with Brown & Brown? After the brokerage’s value surged …
POSTED MARCH 26, 2026 5:26 AM |
P/C Underwriting Income Up $40B in 2025, Says Verisk and APCIA
Verisk and the American Property Casualty Insurance Association released preliminary 2025 underwriting results for the property/casualty industry, with a $40 billion increase over the prior year. For private U.S. P/C insurers, the underwriting gain for 2025 was $63 million compared …
POSTED MARCH 26, 2026 5:16 AM |
High Levels of Cancer-Causing Benzene in European Cooking Gas, Study Finds
Domestic gas supply in several European cities contains high levels of benzene, an odorless substance that can cause cancer, according to research released on Wednesday. Gas samples taken in UK homes contained 37 times more benzene than North American gas, …
POSTED MARCH 26, 2026 5:15 AM |
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees
Just over three years ago, Florida lawmakers effectively ended one-way attorney fees, disincentivizing much of the costly property insurance claims litigation that had plagued the industry. Last week, a Florida appeals court issued what it called a “sea change” and …
POSTED MARCH 26, 2026 5:01 AM |
EXPLAINER-Can US Government Be Held Liable for LaGuardia Airport Collision?
Investigators are probing the potential causes of Sunday’s collision between an Air Canada Express plane and a fire truck at LaGuardia Airport in New York. The two pilots were killed. Air Canada said 39 of the 76 passengers and crew …
POSTED MARCH 26, 2026 5:00 AM |
Pinnacol Assurance in Colorado Paying $15M Dividend for Colorado Members
Colorado workers’ compensation provider Pinnacol Assurance announced it will distribute a $15 million general dividend to its members in 2026. Pinnacol members can expect to receive dividend checks starting March 25. More than 46,000 members in the state will receive …
POSTED MARCH 26, 2026 5:00 AM |
People Moves: ALKEME Names Stradling CFO; Machut and Quintero Join Alliant
ALKEME Insurance Appoints Stradling as Chief Financial Officer ALKEME Insurance named Ryan Stradling chief financial officer. Stradling has experience scaling organizations through execution, strategy and data-driven decision-making. Stradling has experience across the insurance, healthcare, and SaaS industries, where he has …
POSTED MARCH 26, 2026 5:00 AM |
Harvard Faces Pressure From Two New Trump Administration Probes
The Trump administration said Monday it has initiated two new investigations into Harvard University over alleged antisemitism on campus and racially discriminatory admissions practices. The inquiries, launched by the Department of Education’s civil rights division, are the latest effort from …
POSTED MARCH 26, 2026 5:00 AM |
Meta, Google Lose Case Over Social Media Harm to Kids
A Los Angeles jury on Wednesday found Meta and Alphabet’s Google negligent for designing social media platforms that are harmful to young people, in a $6 million verdict that will serve as a bellwether for numerous similar cases. The jury …
POSTED MARCH 26, 2026 4:26 AM |
Chaucer, Ceto Launch Lloyd’s Marine MGA, Underwriting With Real-Time Vessel Data
Chaucer Group, the London-based specialty re/insurance group, and Ceto AI, the maritime technology specialist, announced the launch of a new marine managing general agent (MGA), operating as a Lloyd’s coverholder. Under the arrangement, Ceto is authorized to bind marine hull …
POSTED MARCH 25, 2026 4:19 PM |
Florida OIR Grants Permit to Startup Sypher Insurance and Takeouts for Others
Sypher Insurance Exchange, the startup property insurer that the Florida Association of Insurance Agents invested in two years ago, has won a permit to operate from the Florida Office of Insurance Regulation. The Tampa-based reciprocal now has until mid-May to …
POSTED MARCH 25, 2026 3:39 PM |
Markets/Coverages: Brit Launches Cargo Consortium With up to $80M of Capacity
Brit Group Holdings Ltd., the London-based specialty re/insurer, announced the launch of “BRIDGE,” a new cargo consortium. The consortium, which will be one of the largest consortiums in the cargo market, is now writing business and offers cargo line capacity …
POSTED MARCH 25, 2026 3:05 PM |
US Supreme Court Backs Cox in Fight Over Pirated Music
The U.S. Supreme Court ruled on Wednesday Cox Communications cannot be held liable for piracy by its internet service subscribers of songs owned by Sony Music, Warner Music Group, Universal Music Group and other labels, ending their billion-dollar-plus music copyright …
POSTED MARCH 25, 2026 2:48 PM |
Ohio AG Sues Contractors for Allegedly Defrauding Consumers
In lawsuits filed recently in three counties, Ohio Attorney General Dave Yost accuses three home-improvement contractors and a builder of outdoor structures of defrauding consumers of $564,000 combined. “Homeowners trust contractors or businesses with their hard-earned money,” Attorney General Dave …
POSTED MARCH 25, 2026 2:40 PM |
Jury Finds New Orleans Attorneys Guilty in Staged Auto Accident Scheme
Two New Orleans personal injury attorneys were found guilty last week of running a scheme to defraud insurance companies by staging fraudulent accidents. The U.S. Attorney’s Office and the Criminal Division of the U.S. Department of Justice announced that Vanessa …
POSTED MARCH 25, 2026 2:30 PM |
Chevron Warns California Risks Fuel Crisis Unless Iran War Eases
Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war and that the company may quit refining oil in the state unless officials roll back taxes and regulations. California, the most populous US …
POSTED MARCH 25, 2026 2:20 PM |
Elon Musk Company Selects Proposed Mile-Long Dallas Tunnel
Elon Musk’s tunneling company will begin assessing its ability to construct a mile-long underground tunnel in South Dallas after a proposed project in the area was one of three winners of a company contest on Tuesday. The Boring Company has …
POSTED MARCH 25, 2026 2:19 PM |
Wisconsin Grocery Chain Sued for Pregnancy Discrimination
Roundy’s Supermarkets, Inc., a grocery chain operating Pick ‘n Save and Metro Market stores, violated federal law when it fired an employee, who was also a nursing mother, for requesting an accommodation at her workstation to maintain her breast milk …
POSTED MARCH 25, 2026 2:14 PM |
AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms
AccuWeather’s first prediction for the 2026 Atlantic hurricane season calls for slightly below average activity. AccuWeather’s experts forecast 11-16 named storms, four to seven hurricanes, and two to four major hurricanes of Category 3 strength or greater for the hurricane …
POSTED MARCH 25, 2026 1:32 PM |
Crawford Claims Management Firm Names Swain CEO
Bruce Swain has been named Crawford & Company’s president and CEO. The company’s board of directors appointed Swain to the top post after serving a stint as interim president and CEO since Jan. 1. Atlanta-based Crawford this year launched a …
POSTED MARCH 25, 2026 12:58 PM |
Convex’s Chairman Catlin Steps Down, Succeeded by Onex CEO Le Blanc
Convex Group Ltd., the international specialty insurer and reinsurer, announced that Stephen Catlin, the company’s co-founder has decided to step down as chairman of the board. He will remain a director and has been elevated to the honorary title of …
POSTED MARCH 25, 2026 12:34 PM |
Baltimore Sues Elon Musk’s xAI Over Grok Sexual ‘Deepfakes’
The city of Baltimore sued Elon Musk’s xAI on Tuesday, claiming its Grok chatbot illegally generates nonconsensual sexually explicit images, including of children. Baltimore, with a population of about 568,000, is the largest city to sue xAI over “deepfakes” attributed …
POSTED MARCH 25, 2026 12:09 PM |
Iran Demands Crew, Cargo Details to Send Ships Through Hormuz
Vessels seeking to transit the Strait of Hormuz under Iranian protection are being asked to provide lists of crew and cargo, along with voyage details and bills of lading, in order to secure a green light from the Islamic Revolutionary …
POSTED MARCH 25, 2026 11:50 AM |
Iran Charges Some Ships Hormuz Transit Fees for Safe Passage
Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz, another sign of Tehran’s control over the world’s most important maritime energy channel. Payments of as much as $2 million per voyage are being …
POSTED MARCH 25, 2026 9:30 AM |
Iran Reviewing US Proposal Despite Negative Initial Response, Senior Iran Official Says
Iran is still reviewing a U.S. proposal to end the war in the Gulf, despite an initial response that was negative, a senior Iranian official told Reuters on Wednesday, indicating that Tehran had so far stopped short of rejecting it …
POSTED MARCH 25, 2026 9:11 AM |