Michigan lawmakers have introduced House Bill 5281 to regulate third-party litigation funding, including mandatory disclosures, firm registration and a 36% cap on annual charges, BestWire reported.
Allstate and the Aspen Institute launched the Trust in Practice Awards to strengthen community relationships and address eroding trust in insurers tied to a $1.8 trillion global protection gap, according to the Triple-I Blog.
For a sixth straight year, Insurtech on the Silicon Prairie brought together the insurance industry for a record-breaking conference at the Holland Performing Arts Center in Omaha. The 2025 conference welcomed over 550 attendees representing 43 states and six countries.
North Carolina Insurance Commissioner Mike Causey has joined Gov. Josh Stein in urging Congress to pass bipartisan legislation that would spur proactive solutions for coastal houses in danger of falling into the ocean. The Preventing Environmental Hazards Act of 2025, also known as H.R. 3161, introduced by North Carolina Congressman Greg Murphy, would authorize the National Flood Insurance Program to offer pre-collapse coverage so that homeowners could demolish or relocate condemned structures before they fall into the ocean.
World Insurance Associates LLC acquired the business of Bafumi Insurance Agency of Middletown, Conn., on Aug. 1. Terms of the transaction were not disclosed.
World Insurance Associates LLC acquired the business of Reinig Insurance Solutions of Lakewood, Colo., on July 1. Terms of the transaction were not disclosed.
bolt launched VTRO, a new homeowners insurance offering developed by bolt with policies underwritten by an A.M. Best “A” and Standard & Poor’s “A+” rated carrier. VTRO brings a much-needed option to a market where homeowners have struggled to find protection.
Trucordia acquired Assured Insurance Consultants, an independent insurance business with offices in Johnson City and Dandridge, Tenn. Assured Insurance Consultants is known across Eastern Tennessee — and in two dozen other states — for delivering personalized, concierge service and world-class insurance solutions for individuals, businesses and contractors.
SageSure was approved as an official coverholder and delegated claims administrator by Lloyd’s of London, the world’s leading marketplace for insurance and reinsurance. As a coverholder, SageSure will now underwrite policies issued by Trium Syndicate 1322 at Lloyd’s, rated “A+” by AM Best. Under the binding authority agreement, SageSure will build a portfolio focused on homeowners business in catastrophe-exposed markets.
Trucordia acquired five insurance businesses across the United States. This marks a significant milestone in Trucordia’s strategy to build a values-driven, client-first national network. These new partnerships reinforce the company’s commitment to personalized service, regional knowledge and strategic growth. The newly acquired businesses include:
- Assured Insurance Consultants, Tennessee
- Charles River Insurance, Massachusetts
- Eberle Insurance Agency, Arkansas
- Breezy Seguros, Massachusetts
- Osborn Insurance Agency, New Jersey
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