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Hormuz blockade offers hard lessons for trade-reliant China

May 12, 2026

The ongoing conflict in the Middle East shows how easily a regional economy dependent on seaborne shipping can be taken hostage— a lesson with worldwide applications but particularly sobering for China, the world’ s biggest exporter. The war between the U.S. and Iran underscores the massive economic risks for trade-dependent China of undertaking an invasion…

How to insure an engagement ring

May 11, 2026

If your ring is worth over $1,000, it is a good idea to get it insured sooner rather than later. What Is Engagement Ring Insurance? Why Do You Need Engagement Ring Insurance?

POSTAL SERVICE MAILING AND SHIPPING AWARDS PRESENTED AT NPF

May 11, 2026

The following information was released by the U.S. Postal Service:. PHOENIX Today USPS presented its 2026 Partnership for Excellence Awards to several recipients on the final day of the National Postal Forum, the mailing and shipping industry's largest annual conference. Selected by the Postmaster General and the USPS executive leadership team, the winners…

AM Best Comments on Credit Ratings of Ohio Bar Liability Insurance Company Following Merger Announcement With ALPS Property & Casualty Insurance Company

May 11, 2026

AM Best has commented that the Credit Ratings of Ohio Bar Liability Insurance Company remain unchanged following the announcement that The Ohio State Bar Association and ALPS Property& Casualty Insurance Company have entered into a definitive agreement under which ALPS will acquire OBLIC, a leading provider of professional liability insurance for…

Best’s Special Report: US Property/Casualty and Health Insurers Exceed Cost of Capital; Life Insurers Narrowly Miss

May 11, 2026

Last year started with an early challenge for P/C insurers as the California wildfires caused extensive damage in January. The median return on capital employed for P/C insurers continued its upward three-year trend, reaching a new high of 12.41% in 2025.. “Significant rate increases, especially in the homeowners and personal auto lines, have boosted the…

California GOP’s insurance pick brings Jan. 6 baggage to race shaped by crisis

May 11, 2026

With California "s home insurance market in turmoil, Republicans may have reason to believe they can compete in the race for state insurance commissioner, a position long held by Democrats. The candidate, Stacy Korsgaden, an insurance agent from San Luis Obispo County, confirmed her attendance but said she neither participated in nor condoned the violence that…

Illinois lawmakers face budget deadline, Bears stadium fight and insurance battle with 3 weeks left

May 11, 2026

SPRINGFIELD— With less than three weeks before the Illinois General Assembly "s scheduled adjournment, lawmakers are in a race to finish a multibillion-dollar budget while navigating threats from Washington, a simmering fight over soaring insurance rates, a stadium deal that could decide whether the Bears stay in Illinois and a cascading set of debates over…

Urgent consumer alert: Minnesota families targeted in bail scam

May 10, 2026

A growing and highly deceptive scam is impacting families across Minnesota, with criminals impersonating bail bond agents, law enforcement, and court officials in an effort to steal money from unsuspecting victims. AAA Bail Bonds, alongside industry advocate, licensed bail bond agent, and retired private detective Derek Nelson, is urging the public to be…

U.S. SENATORS TINA SMITH, DAVE MCCORMICK, RUBEN GALLEGO AND THOM TILLIS INTRODUCE BIPARTISAN LEGISLATION TO EXTEND THE TERRORISM RISK INSURANCE PROGRAM FOR SEVEN YEARS

May 10, 2026

The following information was released by the office of Minnesota Sen. Today, U.S. Senators Tina Smith, Dave McCormick, Ruben Gallego, and Thom Tillis introduced the bipartisan Terrorism Risk Insurance Program Reauthorization Act of 2026, whichis essential to economic security bysafeguardingthe availability of terrorism risk coverage.This…

Richmond National Insurance wins second place for midsize company Richmond National Insurance wins second place for midsize company

May 10, 2026

I love my job because… Richmond National Insurance is a specialty property and casualty insurance company that offers insurance to small and mid-size businesses who are unable to secure coverage in the standard insurance market. Jamie Bock, SVP, Chief Human Resources Officer.

Candidates for California insurance commissioner say they can fix the state’s coverage crisis

May 9, 2026

In an opinion column last month, legislators representing communities from San Francisco to San Diego are sending the same message: People are being forced to make impossible choices just to stay in their homes. Given the coverage issues across California, more people might be paying attention to the 2026 race for state insurance commissioner.

Ohio State Bar Association and ALPS Insurance Reach Agreement for Sale of Ohio Bar's Insurance Provider

May 8, 2026

The Ohio State Bar Association and ALPS Insurance today announced that they have entered into a definitive agreement under which ALPS will acquire the Ohio Bar Liability Insurance Company, a leading provider of professional liability insurance for attorneys in Ohio. The transaction reflects a shared commitment to strengthening the long-term delivery…

FOR 7TH STRAIGHT YEAR, MEDICAL LIABILITY INSURANCE PREMIUMS CLIMB

May 8, 2026

The following information was released by the American Medical Association:. Meanwhile, specialists such as ob-gyns are very likely to face a medical liability claim during their career. For a deeper dive on the latest in legislative trends, research and advocacy efforts on medical liability reform, tune into the AMA's May 20 webinar on the subject.Learn more…

Trump task force recommends sweeping changes to FEMA — but not eliminating it

May 8, 2026

WASHINGTON— President Donald Trump's task force to recommend changes to FEMA approved a report Thursday that would not dismantle the disaster response agency— as some in the administration wanted— but would transfer many current federal tasks to the states, privatize flood insurance and release federal money to the states in the form of grants rather than…

Which type(s) of small business insurance does your business need? (Almost) every coverage explained

May 8, 2026

Which type of small business insurance does your business need? Small business insurance needs aren't the same for every owner. While "business insurance" is often talked about as a single thing, it usually includes multiple types of small business insurance policies designed to address different risks.

FLORIDA HOUSING: Regulated out of reach

May 8, 2026

The article’ s subtitle read:“ Orlando and other Florida cities are either losing domestic migrants or gaining them more slowly, threatening the state’ s economic model.”. Inflation in parts of Florida outpaced the national average over the past decade and home-insurance rates soared. “‘The affordability picture has changed in Florida almost more than anywhere…

Trump task force recommends sweeping changes to FEMA — but not eliminating it

May 7, 2026

WASHINGTON— President Donald Trump’ s task force to recommend changes to FEMA approved a report Thursday that would not dismantle the disaster response agency— as some in the administration wanted— but would transfer many current federal tasks to the states, privatize flood insurance and release federal money to the states in the form of grants rather than…

U.S. News & World Report Announces Inaugural Winners of the 2026-2027 Car Insurance Awards

May 7, 2026

WASHINGTON, May 7, 2026/ PRNewswire/— U.S. News& World Report, the global authority in rankings and consumer advice, today recognizes the winners of the 2026-2027 Car Insurance Awards. "Choosing the right auto insurance company is about more than just finding the lowest premium– it's about reliability when it matters most," said Rachael Brennan, U.S. News car…

Neptune Flood Prepared to Help Strengthen National Flood Resilience as FEMA Review Council Urges Growth of the Private Market

May 7, 2026

Neptune Insurance Holdings, Inc., the parent company of Neptune Flood, issued the following statement in response to the FEMA Review Council’ s report to the President regarding the future of the National Flood Insurance Program. Across the United States, over 15 million properties at risk of flooding remain uninsured today. By combining the stability of the…

GEICO Marks Official Opening of New Tampa Campus

May 7, 2026

GEICO today celebrated the official opening of its new Tampa campus with a ribbon-cutting ceremony at Corporate Oaks Business Park. GEICO celebrated the official opening of its new Tampa campus, with plans to add a total of 1,500 new jobs. The insurer now has approximately 4,400 employees in Florida, including locations in Tampa, Lakeland and Jacksonville, as…

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