Author: completebodyneeds

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of RAM Mutual Insurance Company (RAM) based in Esko, Minnesota. The Credit Ratings (ratings) reflect RAM’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management (ERM). The outlook revisions to positive from stable reflect improved underwriting and overall operating results in each of the past two years and through the first half of 2026. The improvement…

Neil Kessler, CEO of Specialty at CRC, sees the AI wave in all aspects of the wholesale specialty business. “A lot has changed because of AI,” he said. “When we think about AI, we think about it helping in two ways. We’re trying to basically make the process faster and to make our people all smarter.” Kessler said AI is helping with new business submission ingestion, automated account clearance, and now quote ingestion. “So, now you can start to think about, ‘How do we use this information to make our people smarter?’” He sees a key difference from other technology…

A U.S. Department of Labor Occupational Safety and Health Administration whistleblower investigation has concluded that Union Pacific Railroad Co. violated the Federal Railroad Safety Act by removing from service and later terminating a North Little Rock, Arkansas yardman who notified management of nearby lightning and federal safety standards. OSHA determined that the employee voiced concerns about nearby lightning, cited OSHA and NOAA lightening safety guidelines, initiated a safety stand-down, and refused to work until the storm passed. Within minutes of the stand-down, Union Pacific removed the employee from service and was later charged with insubordination. Union Pacific terminated his employment…

FBI and US Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas coast this summer, according to US officials familiar with the matter, an extraordinary breach that highlights the growing physical risks from cyberattacks. The cyberattack resulted in outsiders gaining temporary access to the digital system on the ship, said the people, who asked not to be identified because they weren’t authorized to discuss the matter. Officials are still examining how the breach occurred and who was responsible. It wasn’t immediately clear how long the hackers had…

The number of independent insurance agencies fell slightly from 2024 (39,000) to 2026 (37,000). The good news is that most independent agencies report profitability across both personal and commercial lines, with significantly fewer agencies reporting revenue decreases compared to 2024, down from 12% to 8%. That’s according to the Big I’s 2026 Agency Universe Study on behalf of Future One, a collaboration of the Big “I” and 16 independent agency companies. The primary focus of the Agency Universe Study is to provide information on the size and characteristics of the independent agency system. Key Highlights On average, agencies report 9.9…

Texas Mutual Insurance Company recently promoted John Grube to vice president of regional operations for Texas Mutual’s Austin region, effective May 2026. In this new role, Grube will direct and coordinate all regional office operations, including underwriting, claims, safety services, premium audit and business development. John Grube Grube first joined Texas Mutual in 2013 and has built an impressive career across the organization over the past decade. Throughout his tenure, he has held a variety of roles, including underwriter, territory manager and underwriting supervisor, giving him a well-rounded understanding of the business from multiple perspectives. Most recently, he served as…

Marsh has completed its previously announced agreement to acquire Accel Holdings, a diversified independent insurance and advisory firm headquartered in Waverly, Iowa. Accel will operate within Marsh Agency. Terms of the acquisition were not disclosed. With the acquisition now closed, Marsh Agency’s Upper Midwest team has strengthened its presence in Iowa and gained retirement and wealth capabilities, as well as extensive agribusiness knowledge, which will enhance Marsh Agency’s current offerings. All Accel Group colleagues have joined Marsh Agency and will continue to operate from their current locations. The Accel Group was founded in 1936 and further established its legacy through…

Crossborder Trucking Program Market Details: RIMAQ Insurance Services program is designed to provide insurance coverage for trucking and transportation companies domiciled in Texas, Arizona and California involved in cross-border operations between the U.S. and Mexico. Coverages available include auto liability, …

The life sciences industry has become increasingly interconnected. Pharmaceutical manufacturers, medical device companies, dietary supplement brands, contract manufacturers, and distributors often operate within complex networks designed to accelerate innovation and improve efficiency. While this ecosystem has enabled organizations to bring products to market faster than ever before, it has also created a new reality: When something goes wrong, scrutiny is rarely confined to a single party. Evolving Model Traditionally, many life sciences companies maintained greater control over product development, manufacturing, and distribution. But today, organizations routinely rely on third-party partners to perform critical functions throughout a product’s lifecycle. For example,…

Mutual of Enumclaw launched a new brand designed to strengthen the company’s market position and support long-term growth. The company said the new brand builds on Mutual of Enumclaw’s 128-year history while more defining it as a strong, modern regional insurer with Northwest expertise. The new brand began appearing through Mutual of Enumclaw’s digital channels, agent and member materials, workplaces, communications and community presence. Mutual of Enumclaw is a Washington-based regional insurer specializing in personal, business, and farm and ranch coverage across the Pacific Northwest. Was this article valuable? Yes No Here are more articles you may enjoy. The most…