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Farmers Insurance has filed a lawsuit accusing a former Oklahoma agent of orchestrating a scheme to steer its policyholders to rival insurers—allegedly funneling business to an agency where his wife is employed.
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A new report from S&P Global Market Intelligence reveals striking contrasts in the insurance industry’s 2025 performance.
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Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association over a hurricane damage claim—three years after the association submitted loss estimates that insurers blasted as wildly inflated, even calling them 'outrageous.'
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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.
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Zurich Insurance Group AG is closing in on a deal to acquire UK specialty insurer Beazley Plc, a blockbuster move that could reshape the specialty insurance market. According to people familiar with the matter, the company is also preparing to raise billions of dollars in equity to help finance the acquisition.
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State Farm posted a remarkable comeback in 2025, delivering a $1.5 billion underwriting gain across its property and casualty operations.
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John Neal won’t even get to start at AIG—his tenure ended before it ever began.
Farmers Insurance has filed a lawsuit accusing a former Oklahoma agent of orchestrating a scheme to steer its policyholders to rival insurers—allegedly funneling business to an agency where his wife is employed.
