Category: Business Insurance

A great resource for both brokers and business owners who are trying to understand what type of business policy works best for them as well as keeping up with terms and changes within the industry. Being informed on the latest business insurance news can be easy with our online resouce updated daily.

Supreme Court Just Changed the Rules for Cannabis Liability Cases

Tate Ellison
Cannabis Liability Case

Supreme Court Ruling Paves the Way for Truck Driver to Seek Treble Damages in THC-CBD Case A new legal precedent has been set in the intersection of employment law, cannabis regulation, and consumer protection. The U.S. Supreme Court recently ruled 5-4 in favor of truck driver Douglas Horn, allowing him to pursue treble damages under the Racketeer Influenced and Corrupt Organizations (RICO) Act. This decision stems from a contentious case surrounding his dismissal after failing a drug test reportedly caused by unknowingly consuming THC in a CBD product. The ruling…

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Where to Find a List of Publicly Held Insurance Companies

Live Insurance News
Publicly Held Insurance Companies

The U.S. stock market is home to a wide array of insurance companies, ranging from life and health insurers to property and casualty providers. These companies play a vital role in the economy, offering financial protection and risk management services to individuals and businesses alike. Many of these publicly held insurance companies also stand out for their ability to generate consistent cash flow, which allows them to pay dividends to their shareholders. Dividends are periodic payments made to investors, often seen as a sign of financial stability and profitability. For…

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From Trucks to Trains: Why Rail Theft Is the Fastest-Growing Cargo Crime

H. Cutner
Cargo crime

The Escalating Battle Against Cargo Theft in the U.S. Cargo theft is surging across the United States, posing a significant threat to supply chains, logistics companies, insurers, and consumers alike. Driven by organized crime and opportunistic criminals, this issue is causing losses of up to $35 billion annually. With the frequency and sophistication of thefts on the rise, experts project a steep 22% increase in incidents this year, underscoring the urgent need for stakeholders to address the problem collectively. The Rising Threat of Cargo Theft Cargo theft in the U.S.…

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The Ripple Effect of High Tort Costs on Texas Insurance Rates

H. Cutner
High Tort Costs on Texas Insurance Rates

How Texas Stands Out in Tort Lawsuit Costs Texas is no stranger to big numbers—whether you’re talking about its size, economy, or legal landscape. But one area where the Lone Star State makes an unfortunate mark is in tort lawsuit costs. With an average of $4,594 per household in 2022, Texas ranks 10th nationwide for its tort costs, even outpacing many larger states. What makes Texas different, and why does this matter to you as a resident? A Legal System Known for High Stakes One key factor is Texas’s reputation…

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How New York’s Insurance Law Is Setting a Precedent for the Nation

Nordstrom
New York's Insurance Law

New York Introduces Stand-Alone Business Interruption Insurance Law New York has taken a bold step to support businesses in managing unforeseen disruptions with the introduction of a stand-alone business interruption insurance law, effective the later part of 2024. This groundbreaking legislation expands coverage options beyond traditional policies, offering businesses more flexibility and security. What is Stand-Alone Business Interruption Insurance? Stand-alone business interruption insurance is a specialized policy designed to cover financial losses resulting from business closures, even when there is no direct physical damage to the property. Unlike conventional business…

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Inside Nationwide’s $1.25B Deal with Allstate and What It Means for Workplace Healthcare

Angela Linders
Stop-loss segment of Allstate Corporation

Nationwide’s $1.25 Billion Deal to Acquire Allstate’s Stop-Loss Segment Nationwide, a Columbus-based insurance company, has announced its plan to acquire the employer stop-loss segment of Allstate Corporation for a staggering $1.25 billion. The deal is set to finalize in the second half of 2025, marking a significant move for both companies. But what exactly does this mean, and why does it matter? Let’s break it down. What Is Stop-Loss Insurance? First, let’s cover the basics. Stop-loss insurance is a type of coverage designed to protect companies that fund their employees’…

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Umbrella Insurance Policies: A Vital Shield Against Unexpected Liabilities

Live Insurance News
Umbrella Insurance Policies

The world today presents individuals and businesses with increasingly complex risks. From auto accidents to home liabilities and even social situations, the potential for significant financial disruption looms large. That’s where umbrella insurance policies come in, offering vital supplemental coverage for situations that exceed the limits of standard insurance policies. The Rising Cost of Liability and Broadening Risks Over the past decade, demand for umbrella insurance has grown substantially, driven by escalating claims and payouts. According to Safeco Insurance, umbrella claims doubled from 2010 to 2020, with payouts surging by…

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