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The global market for AI-related insurance premiums is projected to reach approximately US$4.8 billion by 2032, growing at a compound annual growth rate (CAGR) of around 80%. This surge is driven by the increasing integration of AI across industries like healthcare, transportation, and finance, which introduces new risks such as algorithmic errors, autonomous vehicle accidents, … Read more
Chubb Challenges Unlicensed Adjuster’s Role in $1.77 Million Fire Claim Dispute White Plains, NY, August 12, 2025 – Chubb, a leading global insurance provider, is embroiled in a legal battle over a $1.77 million fire claim, challenging the involvement of an unlicensed adjuster in the claims process. The dispute, centered on a 2006 fire at … Read more
ALKEME Insurance, a U.S.-based middle-market insurance brokerage, recently secured significant financial backing through a single-asset continuation vehicle transaction led by GCP Capital Partners and Apollo S3. This deal, announced on June 12, 2025, aims to fuel ALKEME’s growth strategy, which includes organic expansion and acquisitions to strengthen its platform offering property, casualty, employee benefits, and … Read more
Allstate Targets New York Pharmacies in $1.48M No-Fault Fraud Lawsuit August 19, 2025 Allstate Insurance Company has launched a significant legal battle against a network of New York pharmacies and wholesalers, alleging a $1.48 million fraudulent scheme targeting its no-fault auto insurance program. The lawsuit, filed on August 13, 2025, in the U.S. District Court … Read more
Women Leading Change in the Insurance Industry The insurance sector, traditionally male-dominated, is undergoing a transformation driven by female leaders who are championing innovation, diversity, equity, and inclusion (DE&I), sustainability, and customer-centric strategies. Women comprise about 60% of the insurance workforce globally, yet they hold only 22% of C-suite positions and less than 7% of … Read more
Canal Insurance Seeks to Block Liability in Missouri Trucking Injury Lawsuit: What You Need to Know In a significant legal move, Canal Insurance Company has asked a Missouri federal court to rule that it has no obligation to cover a trucking company and a major railway in a workplace injury lawsuit filed in 2025. The … Read more
Most senior residents in North America are not able to afford long-term care due to the high cost. Only a small number of seniors use their insurance to cover the costs of long term care. This is a serious issue; Many senior citizens are unprepared for these costs, putting them and their families at financial … Read more
Building a strong social media presence can be challenging for B2B (business to business) insurance agencies. Many B2B companies struggle to showcase their professionalism, and build an audience through social media marketing. Consider the following tips to help ensure that your agency is maximizing your social media marketing efforts. Build your online persona Your social … Read more
What Does PRF Mean in Insurance? An In-Depth Exploration PRF insurance – The insurance industry is a complex world of policies, premiums, and promises, often wrapped in a web of technical terms and acronyms. One such term that might catch your eye—or leave you puzzled—is PRF, which stands for Premium Reserve Fund. While it may … Read more
Trisura Insurance Pursues JAG Roofing for $174K in Surety Bond Claims in Federal Lawsuit Miami, FL – September 6, 2025 – Trisura Insurance Company, an Oklahoma-based insurer, has filed a federal lawsuit against JAG Roofing Inc. and its owner, Michael Ramjit Jagroo, seeking over $174,000 in losses tied to surety bond claims, with potential exposure … Read more