business

Farmers Insurance is set to make history with a bold move: over the next year, the company plans to welcome nearly 1,700 new agency owners—marking one of the biggest single-year growth surges in Farmers’ history.

Just one year after being acquired by its CEO’s newly formed holding company, Universal North America is already making bold moves. The firm has expanded its footprint with new offices in Florida—and unveiled a new name to mark the next chapter of its growth.

State Farm posted a remarkable comeback in 2025, delivering a $1.5 billion underwriting gain across its property and casualty operations.

This week, a federal judge handed Marsh a decisive courtroom victory, granting its request to bar a group of former employees now at Howden US from using confidential company information, recruiting additional Marsh staff, or pursuing its current and prospective clients.

A wholly owned subsidiary of Sompo International Holdings Ltd. has completed its $3.5 billion acquisition of Aspen Insurance Holdings Ltd., officially taking the insurer private in a blockbuster deal that reshapes the global insurance landscape — and signals even bigger moves ahead.

Ongoing violence by criminal groups in Mexico — which disrupted travel and targeted businesses in Puerto Vallarta over the weekend — could pose serious challenges for a country where tourism accounts for roughly 10% of the economy, according to a new commentary from AM Best.

Alliant Insurance Services has become the latest broker to take legal action against upstart rival Howden US, accusing the newcomer of deploying a brazen 'smash-and-grab' playbook to lure entire teams away from competing firms—an aggressive tactic that’s now igniting a high-stakes courtroom showdown.

American International Group’s announcement last week that it was cutting ties with its incoming president, John Neal, left the insurance world stunned — and sparked a wave of questions about how a seasoned executive could lose a $17 million job before even stepping into the role.

American International Group is making a bold move — the insurance giant has struck a definitive deal to acquire the renewal rights to Everest Group’s $2 billion retail commercial business.

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