Patricia Wells

A U.S. judge has dismissed California’s legal challenge against President Donald Trump’s tariffs, but the state is allowed to appeal the decision. The ruling, made by U.S. District Judge Jacqueline Corley in San Francisco, stated that California should have brought its case to a specialized trade court in New York, which handles tariff disputes. This … Read more

Mayors from states along the Canadian border are urging an end to the trade war initiated by President Donald Trump. They argue that the ongoing conflict has hurt local businesses and disrupted a successful economic partnership between the U.S. and Canada. During an interview on Friday, Andrew Ginther, the mayor of Columbus, Ohio, and Bryan … Read more

BevCap Management has announced that Dawn Dinardo has joined the company as Senior Vice President of Captive Operations. This move comes as the company, based in McKinney, Texas, continues to expand its focus on alternative risk structures within the insurance industry. Dinardo brings nearly two decades of experience in captive insurance management. She has worked … Read more

Southern Vanguard Insurance Company, based in Austin, Texas, is set to be acquired by Wintaai America Inc., the holding company for Stonetrust Insurance Group. This announcement came on May 27, 2025, and the deal is pending regulatory approval. Wintaai currently owns nearly all of Stonetrust, and once the acquisition is finalized, it will own 100% … Read more

A group of incarcerated individuals in Oklahoma has been making a difference in their community following a devastating tornado. The crew worked tirelessly to clear debris and help a woman and her three children leave their home in Blanco, which had been cut off due to downed trees and damage from the storm. The tornadoes … Read more

Rising concerns about PFAS, often called “forever chemicals,” have led to a flurry of legislative efforts in Texas. These chemicals, linked to serious health issues like cancer and infertility, have prompted lawmakers to propose several bills aimed at studying and regulating their use. However, despite bipartisan support and urgent calls for action from affected farmers, … Read more

Lloyd’s, the top global marketplace for insurance and reinsurance, has announced several key appointments in its executive team. Headquartered in London, Lloyd’s is known for its role in managing global risk. The changes aim to strengthen leadership and improve market performance. Rachel Turk has been appointed as the chief of market performance. She will take … Read more

Homeowners insurance rates have been on the rise, especially in states like Texas. However, a recent report brings some good news for homeowners. For the first time in five years, the U.S. homeowners insurance market has reported a combined ratio of less than 100. This means that the industry is starting to improve financially. In … Read more

Commercial property and casualty insurance premiums have seen a notable shift in the first quarter of 2025, according to a recent survey by The Council of Insurance Agents & Brokers (CIAB). Premiums across all account sizes rose by 4.2%, which is a significant decrease from the 22% increase observed in the previous quarter. This marks … Read more

Insurance companies are facing scrutiny over how they report their financial health, particularly regarding the combined ratio. This metric, which combines loss and expense ratios, has become a focal point of discussion among industry leaders. Many executives, including CFOs, often cite a combined ratio over 100 as a sign of financial trouble. However, this raises … Read more