Patricia Wells

Homeowners across Oklahoma are saving big on their insurance premiums this year thanks to efforts by the Oklahoma Insurance Department’s Fire Protection Classification Division. In 2024 alone, these efforts have helped residents save around $22 million on their insurance costs. The savings come from improvements in fire protection ratings across the state. These ratings, which … Read more

Southern California Edison (SCE) announced it will provide millions of dollars in compensation to families who lost loved ones in the Eaton Fire, which swept through greater Los Angeles in January 2025. The blaze burned 14,000 acres, destroyed thousands of homes and businesses, and claimed the lives of 19 people. The utility company, owned by … Read more

California Insurance Commissioner Ricardo Lara has introduced a new regulation aimed at tackling rising insurance costs and protecting the state’s insurance market from future risks. The proposed Long-Term Solvency Regulation would give the California Department of Insurance more tools to oversee how companies manage future threats, including climate change and technological challenges. The regulation asks … Read more

Investors in Jamaica’s catastrophe bond are now facing a full payout after Hurricane Melissa struck the island as a devastating Category 5 storm. The $150 million bond is expected to be triggered completely, providing crucial funds to help Jamaica recover from the severe damage caused by Melissa. Florian Steiger, CEO of Swiss investment firm Icosa … Read more

Insurance agencies looking to grow their business have a new approach to connect with potential customers before any quote is requested. A recent sponsored series by EZLynx highlights how creating useful content on agency websites and sharing it through social media can build trust and keep prospects engaged during their research phase. Most people don’t … Read more

The National Highway Traffic Safety Administration (NHTSA) is widening its investigation into a possible engine failure problem affecting about 286,000 General Motors vehicles in the United States. This move comes after numerous complaints continued even though GM had already issued a recall. The problem involves engine bearing failures in GM’s L87 6.2-liter engine. This engine … Read more

A tragic incident took place last Wednesday night at Meadowridge Academy, a residential therapeutic school in Swansea, Massachusetts, when a staff member died after being kicked in the chest by a 14-year-old student. The staff member, Amy Morrell, 53, from Riverside, Rhode Island, was attempting to restrain the student who was trying to leave a … Read more

The UK’s largest banks are preparing for another round of clashes with regulators over compensation for customers who were mis sold car loans. This comes even after the banks recently set aside an extra £1.5 billion to cover the costs of the ongoing scandal. Barclays revealed on Wednesday that it has increased its provision for … Read more

Dallas Specialty Insurance Company, a new player in the specialty lines insurance market, has received strong ratings from AM Best, a leading insurance rating agency. The company, based in Dallas, Texas, was given a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), with a stable outlook. Launched in … Read more

Electric vehicle maker Rivian has agreed to pay $250 million to settle a class-action lawsuit from 2022. The lawsuit accused Rivian of misleading shareholders by hiding the fact that it initially underpriced its vehicles around the time it went public in 2021. Investors said the company’s later price hikes caught customers and the market off … Read more