Author: completebodyneeds

Professional liability insurance for real estate professionals–commonly referred to as errors and omissions (E&O) coverage–is often treated as a routine placement. Yet, for brokers advising clients involved in real estate, this line of business presents both persistent risk and a meaningful opportunity to add value. Real estate E&O is shaped by a unique mix of legal exposure, transaction complexity, and long-tail claims, making informed advisory and carrier selection critical. Understanding how this coverage works, where it frequently breaks down, and why specialization matters allows brokers to better protect clients and strengthen long-term relationships. An Evolving Risk Landscape Professional liability risk…

National ANV Group Holdings Ltd., Open Lending Corporation ANV Group Holdings Ltd. entered a definitive merger agreement with Open Lending Corporation. Open Lending partners with financial institutions across the U.S. to help expand access to automotive financing. Global insurance intermediary ANV operates a growing portfolio of specialty insurance businesses across a diverse range of risk and insurance products. The acquisition adds a specialty underwriting business that fits well within ANV’s existing business segments and is consistent with its strategic M&A approach. Upon the completion of the transaction, Open Lending will become a privately held company, and its common stock will…

The hard insurance market of the past few years has challenged everyone. Clients faced rising premiums, limited options, and complex renewal conversations, while agents had to invest significant time and energy into addressing their frustrations. However, the market is now shifting.Carriers are loosening underwriting standards, reducing rates, and chasing organic growth, leaving clients with more options and less pressure. While it is a welcome change, agents must resist the temptation to treat a softening market as a reason to relax. Clients are now more engaged and informed shoppers. This means agents must focus on retention by deepening relationships and moving…

A local council in New Jersey charged with monitoring unfunded mandates from the state exceeded its authority when it negated a motorist surcharge for driving while intoxicated (DWI) that was intended to cover the cost of new police equipment. The New Jersey Supreme Court ruled last week that the Council on Local Mandates acted within its constitutional authority when it determined that a statute mandating that mobile video monitoring systems (MVMS) be installed on certain police vehicles was an unfunded mandate. However, the council went too far when it then invalidated a related $25 increase in the state’s $100 DWI…

Trucordia Names Roberts as EVP, Health Benefits & Financial Services Steve Roberts Trucordia named Steve Roberts executive vice president, health benefits and fnancial services. Roberts has more than three decades of experience leading growth, modernization and transformation across major healthcare and benefits organizations. His background spans senior leadership roles at Carelon, Aetna, Henry Schein, Datavant, GE Healthcare, and Veradigm, where he led strategic initiatives. Trucordia is headquartered in Lindon, Utah. Arrowhead Programs Appoints Kaufman as SVP and Chief Actuary Arrowhead Programs promoted Mark Kaufman to senior vice president and chief actuary. In this expanded role, Kaufman will oversee the actuarial,…

New York City officials identified dozens of buildings with Legionnaires’ bacteria in Manhattan’s Upper East Side, closing in on the source of an outbreak that has infected at least 46 people and hospitalized 22. The New York City Health Department tested the cooling towers of 183 buildings in neighborhoods encompassed by three zip codes — 10028, 10128 and 10075 — that are among the city’s wealthiest and most densely populated. Of the 31 with signs of bacterial contamination, 19 already have been cleaned, officials said on a call with reporters Friday. The remainder are set to be cleaned by Saturday.…

California Insurance Commissioner Ricardo Lara approved workers’ compensation advisory pure premium rates that average 10.4% than last year. The Workers’ Compensation Insurance Rating Bureau of California submitted a pure premium rate filing in May to the commissioner proposing September 1, 2026 advisory pure premium rates that average 10.4% higher than the average of the approved September 1, 2025. Related: WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium The commissioner issued a decision on July 10, approving advisory pure premium rates for new and renewal policies effective on or after September 1, 2026. The approved advisory pure premium…

A California driver was sentenced for filing a fraudulent insurance claim after dashcam footage showed him involved in a road rage incident that caused the accident. Kenneth Pham Tran, 54, of San Jose, was sentenced after dashcam footage showed him initiating a road rage incident, which resulted in him being rear-ended by a semi-truck. Tran attempted to profit from the accident that he caused by filing an insurance claim to collect an undeserved payout, according to the California Department of Insurance. An investigation into the incident was launched after a referral from San Jose CHP, which first investigated the collision…

A few years before the more-recent spate of Florida insurance carrier insolvencies, a workers’ compensation insurer known as Guarantee Insurance Co. was declared insolvent in 2017—a rarity in the usually profitable workers’ comp line of business. Regulators blamed owner Steve Mariano for diverting more than $15 million and using the funds for “no discernible business purpose,” something Mariano has disputed. News reports and lawsuits at the time raised questions about the entrepreneur’s purchase of a multi-million-dollar mansion, a condominium and a yacht in south Florida. A few months later, the Fort Lauderdale insurance technology and back-office and underwriting services firm,…

Britain has designated cloud service providers Microsoft, Google, Amazon and Oracle as critical third-party suppliers to its financial sector, bringing them under direct regulatory oversight. The move is aimed at strengthening the resilience of financial firms by reducing the risk of widespread disruption from cyber attacks or technology outages. “As banks, insurers and financial market infrastructures become increasingly reliant on cloud services, disruption at a major supplier could affect multiple firms at the same time, potentially impacting services customers depend on,” the government said in a statement on Friday. The government designated Microsoft Ireland Operations Ltd, Google Cloud EMEA Ltd.,…