Patricia Wells

AM Best has upgraded its outlook for several Farm Bureau insurance companies, reflecting improved stability and financial strength. Southern Farm Bureau Casualty Insurance Company, Colorado Farm Bureau Insurance Company, Louisiana Farm Bureau Casualty Insurance Company, and Mississippi Farm Bureau Casualty Insurance Company all saw their outlooks change from negative to stable while maintaining their strong … Read more

Missouri’s mutual insurance companies saw a big improvement in their finances last year. According to the Missouri Department of Commerce and Insurance (DCI), these companies cut their net losses from $17.7 million in 2023 down to just $4.8 million in 2024. In 2024, mutual insurers covered about 205,000 policies, with more than $61 billion in … Read more

A New York appeals court has overturned a $464 million fraud fine against former President Donald Trump and his company, delivering a major win for Trump in his long-running legal battles. The decision came on a Thursday from a five-judge panel in Manhattan. The court agreed that Trump broke the law by inflating the value … Read more

Texas officials are cracking down on abortion pill shipments into the state, warning health care providers they could face heavy fines and legal action if they continue. Attorney General Ken Paxton’s office recently sent letters to three providers, including a California doctor and a Delaware clinic, saying they have evidence these groups sent medication that … Read more

Louisiana regulators have given the green light to Entergy Corp. to build three new natural gas power plants. These plants will supply electricity to Meta’s largest data center, a massive project located in rural Louisiana. The data center, called Hyperion, is a huge facility designed to support Meta’s most advanced artificial intelligence work. It covers … Read more

NFP, an Aon company known for its work in property and casualty insurance, wealth management, and retirement planning, has named Tom Ryan as the managing director of Complex Risk for the Central and West regions. Ryan will be based near Chicago and will report to Sean Hickey, senior vice president of Complex Risk at NFP. … Read more

A strong heat wave is hitting parts of the US West, raising the risk of wildfires. In response, California has sent fire crews and equipment to several counties ahead of the expected hot weather. The state is particularly worried because the plants and grasses are extremely dry, making it easier for fires to start and … Read more

Honeycomb Insurance has started offering its services in Minnesota, marking a new step in its expansion. The digital managing general agent (MGA), which focuses on property and casualty insurance for landlords and condo associations, is now writing policies in the state. Right away, Honeycomb is providing up to $25 million in coverage capacity through both … Read more

Kwik Trip, a family-owned chain with more than 800 convenience stores and gas stations across the upper Midwest, has agreed to pay $35,000 to a former employee following a disability discrimination complaint. The company also promised to improve training on equal employment laws, including the Americans with Disabilities Act (ADA). The U.S. Equal Employment Opportunity … Read more

Universal North America Insurance Company (UNAIC), based in Arlington, Texas, is facing continued pressure on its financial ratings. Rating agency AM Best has kept UNAIC’s Financial Strength Rating at B (Fair) and its Long-Term Issuer Credit Rating at “bb” (Fair), while placing them under review with negative implications. This review has been in place since … Read more