insurance industry

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.

Catastrophes, resilience, automation, digital transformation, personalized claims experiences, evolving talent strategies, and operational flexibility—these are just some of the powerful forces already shaping this still-young year. Together, they’re redefining how the claims industry works and setting the stage for changes that demand attention.

A new report from S&P Global Market Intelligence reveals striking contrasts in the insurance industry’s 2025 performance.

The share of insurers planning to keep their workforce unchanged over the next 12 months has climbed to a 15-year high, signaling a clear shift toward stability in the industry. At the same time, only 7% of companies say they expect to cut jobs in 2026—suggesting that large-scale layoffs remain unlikely for now.

Two years ago, Rainier Miguel Salas and two licensed Florida insurance agents were charged in a scheme to sell insurance agent licenses—allegedly operating through an illegal 'licensing school' in Miami that helped unqualified applicants bypass the system and obtain credentials they never earned.

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.

Root Inc. reported fourth-quarter 2025 net income of $5.3 million, down from $22.1 million in the same period a year earlier. But the bigger picture tells a far more compelling story. The company closed out 2025 with a record-breaking $40.3 million in net income — a 30% surge from $30.9 million in full-year 2024.

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.

Twenty professional models who accused three Massachusetts strip clubs of using their images in ads without permission—or a single dime in compensation—have hit a major setback.