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1 day ago | 
insurancebusinessmag.com | Gia Snape
Insurance News By May 15, 2025 Share The insurance industry is intensifying its campaign against outsized jury awards or “nuclear verdicts” – verdicts over $10 million. At least one expert has noted meaningful progress in several battleground states. In April, Georgia Gov. Brian Kemp signed two Senate Bills geared toward improving the litigation environment in the state.
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1 day ago | 
insurancebusinessmag.com | Gia Snape
Professional Risks By May 15, 2025 Share Businesses across North America face a volatile mix of economic pressure, litigation exposure, and client uncertainty. Tariffs have re-emerged as a powerful disruptor, particularly for clients with global supply chains and reliance on international manufacturing. For insurance brokers, the challenge is to keep pace with evolving risks while identifying ways to support clients through disruptions.
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2 days ago | 
insurancebusinessmag.com | Gia Snape
Catastrophe & Flood By May 14, 2025 Share The Trump administration’s move to end the National Oceanic and Atmospheric Administration’s (NOAA) widely used weather and climate disasters database has created a significant data vacuum in the insurance and risk management sectors. NOAA’s disaster database has long been a critical resource for insurers, brokers, and risk modellers.
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3 days ago | 
insurancebusinessmag.com | Gia Snape
Mergers & Acquisitions By May 13, 2025 Share It’s not news to brokers that companies’ risk insurance needs change after a merger or an acquisition. But with dealmaking surging again in 2025, a few might be caught off guard by a striking trend. Roughly a third (31%) of companies change their insurance brokers or carriers after a deal closes, according to a new M&A survey by Travelers.
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3 days ago | 
insurancebusinessmag.com | Gia Snape
Insurance News By May 13, 2025 Share Amid an insurance landscape where large firms often swallow up smaller players, independent brokerages must carve out a different path. Whether doubling down on local relationships or niche specialties, these firms face pressures to scale and grow in the present insurance distribution environment. Hugh Watt (pictured), newly appointed chief operating officer at Acera Insurance, is clear-eyed about this test for independents.
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4 days ago | 
insurancebusinessmag.com | Gia Snape
Insurance News By May 12, 2025 Share The role of the insurance agent has been undergoing a quiet revolution. While artificial intelligence (AI) and other technologies have made aspects of the profession more streamlined and efficient, they’ve also forced agents to rethink their entire value proposition. There’s pressure from both sides – carriers and clients – for agents to adapt to cutting-edge technologies.
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1 week ago | 
insurancebusinessmag.com | Gia Snape
Cannabis By May 09, 2025 Share Over a decade after Washington state and Colorado became the first in the US to legalize recreational adult-use marijuana, the cannabis industry has evolved from a fringe market into a billion-dollar sector. A growing array of psychoactive products, touching everything from pharmaceuticals to wellness and consumer goods, are now legally sold across mainstream retail channels.
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1 week ago | 
insurancebusinessmag.com | Gia Snape
Wholesale By May 06, 2025 Share CRC Group’s journey from bank division to independent insurance wholesaler wasn’t just about a new look or logo. The transformation was about finding the identity they had all along and finally giving themselves the room to live it. The strategic rebrand, announced earlier this year, is an effort to unify its brand and establish a new division structure. The new CRC Group operates under two divisions: specialty + benefits and underwriting.
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1 week ago | 
insurancebusinessmag.com | Gia Snape
Claims By May 06, 2025 Share The recent wave of US tariffs has rippled across the insurance industry, sparking fears of rising costs, prolonged claims, and operational disruptions. Industry leaders are warning that the growing volatility in global trade policy is creating a storm of uncertainty that could reshape how insurance companies serve clients.
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2 weeks ago | 
insurancebusinessmag.com | Gia Snape
Insurance News By May 02, 2025 Share Global mergers and acquisitions (M&A) activity is heating up again in 2025, with dealmakers moving quickly to capitalize on stabilizing interest rates, pent-up capital, and new sectoral opportunities. However, geopolitical risks, including trade policy uncertainty in the US, ongoing war in Ukraine, and right-wing electoral surges in countries like Germany and France, are posing significant hurdles for investors.
