People Moves: Iink Appoints Fleszar as CEO

iink Appoints Scott Fleszar as New CEO: A Shift Towards Innovation in Insurance Technology In a significant move for the insurance technology sector, iink has announced the appointment of Scott Fleszar as its new Chief Executive Officer. This leadership transition marks a pivotal moment for the company, which specializes in streamlining the property damage insurance … Read more

California Insurance Commissioner Denies State Farm’s Proposal for 22% Rate Increase

California Insurance Commissioner Denies State Farm’s Rate Increase Request Amid Wildfire Crisis California’s insurance landscape has recently seen a significant development as Insurance Commissioner Ricardo Lara has denied a 22% emergency rate increase request from State Farm General. This decision was made in light of the financial strain that the company is experiencing, partly due … Read more

Report Reveals Insurers Have Disbursed Almost $7 Billion for LA Wildfires

Insurance Payouts Surge Amid Los Angeles Wildfires: A Comprehensive Overview The recent wildfires in the Los Angeles area have resulted in staggering financial repercussions, with insurance companies disbursing over $6.9 billion to date. This alarming figure reflects the devastation caused by the two major wildfires that swept through the region last month, leading to the … Read more

Pets Best Pet Insurance Review 2025: Is It the Best Choice for Your Furry Friend?

Owning a pet is a joyful experience—until the unexpected vet bills hit. That’s where pet insurance comes in, offering financial peace of mind when your four-legged friend needs medical attention. Among the many options, Pets Best Pet Insurance stands out as a contender, boasting some of the most competitive rates in the industry and a … Read more

Your Underwriter Requires a CPA-Prepared Statement: What Should You Do Next? Part I

Navigating the Surety Bond Process: The Importance of CPA-Prepared Financial Statements for Contractors In the competitive landscape of commercial contracting, securing a surety bond can be a pivotal moment for any business. However, many contractors find themselves under immense pressure when their surety requires a financial statement prepared by a certified public accountant (CPA). This … Read more

Former AIG Chief Duperreault Raises $700M for Mereo Reinsurance Startup

Mereo Advisors Secures $700 Million for New Reinsurance Operations Mereo Advisors, a prominent Bermuda-based firm led by former AIG CEO Brian Duperreault, has successfully raised over $700 million to launch its new reinsurance operations. This substantial funding marks a significant entry into the reinsurance market, which is currently experiencing heightened demand due to various economic … Read more

It is "virtually certain" that the world has already surpassed the 1.5°C warming limit.

The Urgent Reality of Global Warming: Are We Too Late to Limit Temperature Rise? Recent studies published in Nature Climate Change have raised alarming concerns about the future of our planet, suggesting that we may have already missed the opportunity to limit global warming to the critical threshold of 1.5 degrees Celsius. This revelation underscores … Read more

Bill Seeks to Lower Insurance Costs for New York City Taxi Drivers. But Will It Succeed?

New York City Council Proposes Major Changes to PIP Insurance for For-Hire Drivers The New York City Council is currently deliberating a significant proposal that could reshape the insurance landscape for for-hire drivers in the city. The transportation committee recently heard testimony regarding a bill aimed at reducing the Personal Injury Protection (PIP) insurance coverage … Read more

Russian Emergency Services Mobilize to Avert Pacific Oil Spill

Emergency Response Efforts Underway for Grounded Chinese Bulk Carrier in Nevelsk An emergency response team in Nevelsk, a Pacific port in Russia, is mobilizing to address a significant environmental concern following the grounding of the Chinese bulk carrier An Yang 2. This vessel ran aground on January 8, 2023, while attempting to lift its anchor … Read more