News
Illinois Could See Highest Catastrophe Claim Volume in a Decade: State Farm
2+ hour, 26+ min ago (260+ words) Severe weather activity is putting Illinois on pace for the highest catastrophe claim volume in a decade, according to an analysis by State Farm. As of June 19, State Farm customers in Illinois have filed nearly 50, 000 severe-weather-related claims for home and…...
Agent-Carrier Relationships Improving, Survey Shows
8+ hour, 48+ min ago (748+ words) Maybe it's the result of a softer market. Or maybe deliberate carrier investments in agency relationships are paying off. First Connect Chief Executive Officer Aviad Pinkovezky tossed out the two possibilities to explain the markedly improved picture of agents' ability…...
Recreational Marijuana Can Be Sold in Virginia Retail Stores Beginning in 2027
23+ hour, 52+ min ago (583+ words) Five years after becoming the first Southern state to legalize possession of marijuana, Virginia has approved a legal way to sell it to recreational users. State budget legislation enacted Monday will allow up to 350 cannabis shops to open across Virginia…...
NY Man Sentenced for Fencing Organized Crime Ring's $4. 4 M Jewelry Theft
23+ hour, 37+ min ago (216+ words) A Brooklyn, New York, man was sentenced last week for fencing stolen jewelry taken from stores and kiosks across the country, according to the United States Attorney's Office for the District of Columbia. On January 27, 2026, he pleaded guilty to conspiracy…...
Montgomery v. Caribe Increases Litigation Activity, Not Shipper Exposure
1+ day, 2+ hour ago (213+ words) A recent Supreme Court decision that is widely viewed as a significant development in transportation litigation is particularly worth examining in the context of negligent hiring claims against freight brokers. The court's decision in Montgomery v. Caribe Transport II, LLC holds…...
The Price of Loyalty: How Higher Premiums Are Reshaping Carrier Retention
2+ day, 4+ hour ago (275+ words) Carrier Management The Price of Loyalty: How Higher Premiums Are Reshaping Carrier Retention The homeowners insurance industry has stuck pretty closely to the status quo when it comes to customer relationships for decades now. That's because many policyholders have remained…...
Second U. S. Safety Agency Investigates Fatal Texas Tesla Crash
1+ day, 23+ hour ago (477+ words) The National Transportation Safety Board said Wednesday it will investigate last week's crash of a Tesla Model 3 that struck a home at high speed in Katy, Texas, fatally injuring a 76-year-old resident. The NTSB has investigated numerous Tesla crashes in…...
U. S. and World Bank Creating Political Risk Insurance for Ukraine Fund
2+ day, 12+ hour ago (344+ words) The U. S. International Development Finance Corporation has agreed with the World Bank's guarantee arm MIGA to create a political risk insurance framework for a U. S. -Ukrainian reconstruction investment fund. The agreement, signed on Thursday on the sidelines of a Ukraine recovery conference…...
More Americans Expected to Travel Over July 4th Holiday
2+ day, 22+ hour ago (402+ words) Nearly 72. 2 million Americans will travel at least 50 miles from home for Independence Day between Saturday, June 27 and Sunday, July 5. This year's domestic travel forecast surpasses last year's record of 71. 8 million travelers but is smaller than recent year-over-year gains, with cruises…...
Older Buildings, Substandard Construction Left Venezuela Vulnerable to Earthquakes
2+ day, 23+ hour ago (607+ words) Older buildings, substandard construction, and geography left many neighborhoods in Venezuela vulnerable to strong earthquakes like the ones that struck the country this week. Microsoft's AI for Good Lab analyzed satellite imagery of Catia La Mar in La Guaira state,…...