Author: completebodyneeds

Declarations

By L.S. Howard Legal reforms, improved building resilience, and disciplined underwriting have combined to restore confidence in the Florida re/insurance market, leading to increased capacity as well as improved terms and pricing during the June reinsurance renewals, according to Guy Carpenter. Since landmark tort reforms were enacted in December 2022, Florida’s property insurance market has strengthened, with domestic underwriters posting a 76.8 combined ratio in 2025, said Guy Carpenter in its report titled “June 2026 Florida Reinsurance Renewals – A Thriving Market Restoring Capital to Healthy Levels.” “Policyholders’ surplus surged by 45%, as carriers continued to rebuild from the eroded…

Property and casualty carriers have made fortunes over the last two years. In fact, they have been profitable for 30 of 31 years. The exception was after the 9/11 attacks, when they threw in all the reserves they should have made in years prior. Specific carriers used that tragedy as camouflage for past reserving sins. Over the last two years combined, profits totaled $317 billion. For context, according to the Congressional Budget Office, the entire U.S. Federal Government saw an increase of $317 billion in fiscal year 2025. This is approximately the ENTIRE economies of Peru, Greece, and Finland. Even…

A new survey from the Insurance Information Institute (Triple-I) and Munich Re US shows overlapping exposures are shaping today’s risk landscape. Triple-I and Munich Re’s RiskScan 2026 examines evolving risk perceptions and interconnected exposures in the United States and United Kingdom insurance markets. More than 1,700 participants were surveyed in the U.S. and U.K. across five key insurance market segments: consumers, small business owners, middle-market decision-makers, property/casualty insurance agents and brokers, and P/C insurance carriers. RiskScan 2026 provides two in-depth reports: RiskScan 2026 (Re)insurance highlights the growing alignment around related risks that are reshaping economies and societies and cites persistent…

Georgia insurance brokers and agents are sounding the alarm–and perhaps checking their own errors and omissions coverage–after a recent state appeals court ruling opened the door for third parties to sue when “adequate” coverage is not secured. “This ruling fails to understand the insurance buying process and is disastrous for agents and the industry,” said Michael Iverson, a commercial agent and former president of the Independent Insurance Agents of Georgia. Iverson was speaking of a May 13 decision from the Court of Appeals of Georgia, which, for the first time, allows insureds to assign claims to people who are not…

By Russ Bynum The artist who painted a giant mural on a building in downtown Dallas of life-sized swimming whales has filed a $25 million lawsuit against soccer’s international governing body and others, saying they illegally painted over his work to promote the city’s World Cup matches. The artist Wyland says he hand-painted the sprawling mural that covered roughly 17,000 square feet (1,580 square meters) across two of the building’s walls. The mural stood for nearly three decades before workers began painting over it last month, causing an uproar among residents who admired the mural’s grand scale and message of…

By Mary Newgard Insurance agency leaders often ask me how their recruiting stacks up against others. It’s a fair question, especially when even small delays can cause an agency to fall behind. When hiring goals are missed and jobs are open for a long time, the gap compounds quickly, and the pressure builds with each passing week, month, and quarter. The longer it takes to identify, engage, and move candidates forward, the harder it becomes to meet your hiring goals. Time is the clearest signal of how well your hiring approach is working. As an insurance recruiter, I measure success…

Colorado Gov. Jared Governor Polis signed a bill into law that proponents say will lower the price of homeowners insurance in Colorado, Polis signed SB26-155, called Increase Access Homeowner’s Insurance Enterprise, designed to make it more affordable for residents to get hail proof roofs, help decrease premiums and increase market competition in high-wildfire areas. The bill is part of Polis’s efforts he says will save Coloradans $800 each year on homeowners insurance. The bill, sponsored by Speaker Julie McCluskie and Representative Kyle Brown, and Senators Kyle Mullica and Janice Marchman, creates an enterprise governed by a seven-member board, including the…

The fire threat across the U.S. West will rise Friday and remain dangerous through Saturday for many areas, including Northern California, as lightning strikes risk igniting dry vegetation. Critical fire weather conditions and dry lightning will prevail across the western U.S., with the “Four Corners” region where Utah, New Mexico, Colorado and Arizona come together under the greatest threat, the Storm Prediction Center said. There are red flag fire warnings across Northern California, Oregon, Idaho, Nevada, Utah and Arizona, according to the National Weather Service. Related: Zurich Files Growth Plan Under California Sustainable Insurance Strategy “Abundant lightning on dry fuels…

Florida Gov. Ron DeSantis has signed a bill that will create a commercial clearinghouse for Citizens Property Insurance policies, a bill that a number of brokers and agents have called “unnecessary” and little more than a sop to one major brokerage. Senate Bill 1028, pushed this spring by state Sen. Joe Gruters, now requires Citizens to establish the clearinghouse, which ostensibly will make it easier to depopulate the commercial side of the state-created insurer of last resort. The bill passed in March and it wasn’t clear if DeSantis would support it. But it took effect upon his signature this week…