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Tariffs threaten to push insurance costs higher for US households
Matt Brannon, who authored the report, said tariffs affecting imports from countries such as China, Canada, Mexico, Japan, and Vietnam will disrupt the construction supply chain and add to repair costs. He noted a similar outcome during the COVID-19 pandemic, when material shortages and price hikes also contributed to higher insurance rates. Source link
Federal prosecutors to seek death penalty against Mangione
Mangione, who was arrested in Altoona, Pennsylvania, after a nationwide manhunt, reportedly expressed hostility toward the health insurance sector in a “manifesto” found during his arrest. Among the manifesto’s entries, Mangione stated that “the target is insurance” because it “checks every box,” indicating a clear focus on the industry. Source link
Best Wholesale Brokers USA | 5-Star Wholesale Brokers and MGAs
Jump to winners | Jump to methodology Experts in excess and surplus Insurance Business America’s 2025 data reveals that the best wholesale brokers and MGAs are becoming a bigger part of the industry as retail brokers rely on them more. Compared to last year’s survey, there has been a jump from 23.35 percent to 33 percent…
SafeLease sues Storable over software access and wins temporary injunction in Texas Business Court
A new court, a new ruling Undeterred, SafeLease moved the case to the newly formed Texas Business Court, which was established to hear complex commercial cases. There, it found a more sympathetic forum. On January 21, 2025, the court issued a temporary injunction ordering Storable to restore SafeLease’s access – at least for clients active…
New York bill proposes annual flood insurance notices in Lake Ontario communities
Under the proposed legislation, the annual DFS notice may include the department’s disaster hotline, key contact details, and a link to the department’s online disaster and flood resource center. Additionally, it must feature a clear statement highlighting that standard homeowners and renters insurance policies do not typically cover flood-related damages, underscoring the necessity of separate…
Travelers Indemnity defeats age discrimination suit as court dismisses appeal over arbitration
Yvonne Michaud, a veteran employee who had been with Travelers for roughly 45 years, resigned in May 2019 at the age of 69. In 2021, she filed a lawsuit claiming that the company had discriminated against her based on her age. Michaud said she’d been passed over for promotions, denied raises, and not compensated for…