Insurance

World Insurance Adds New Jersey’s Mossbrook & Hicks Insurance Agency

Duffy Acquires Sartori Agency of Massachusetts

New Jersey-based insurance broker World Insurance Associates reports that it acquired the business of Mossbrook & Hicks Insurance Agency of Cape May Court House, New Jersey on August 1, 2025. Terms of the transaction were not disclosed. The personal and commercial lines agency became known as Mossbrook & Hicks in 2007, but its history goes […]

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Britannia and Japan Club join rate hike trend with 5% increase :: Insurance Day

Cargo ships

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Insurance Fraud in UK Topped £1B in 2024, With Motor Scams Causing 53% of Claims

Insurance Fraud in UK Topped £1B in 2024, With Motor Scams Causing 53% of Claims

Insurers in the UK detected £1.16 billion (US$1.5 billion) worth of fraudulent insurance claims in 2024 – a 2% increase from £1.14 billion reported during the previous year, according to the Association British Insurers. Insurers uncovered at least 98,400 fraud-related claims in 2024, a 12% rise from 88,100 in 2023, said the London-based trade association

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Trucordia Expands in New England With Acquisition of Charles River Insurance

Duffy Acquires Sartori Agency of Massachusetts

Utah-based Trucordia announced it has acquired Charles River Insurance, an independent insurance agency based in Framingham, Massachusetts that serves the greater Boston and central Massachusetts regions. Charles River Insurance provides personal, commercial, life and health insurance. It has a second office in Leominster. Tom Vocatura is Charle River’s president and chief executive officer. Tom Groth

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Beazley targets $400m premium with new Bermuda platform :: Insurance Day

Hamilton, Bermuda

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Businessman, Former Federal Insurance Co. Attorney Hit With $50M Florida Verdict

Businessman, Former Federal Insurance Co. Attorney Hit With $50M Florida Verdict

In a lawsuit begun more than a decade ago and which led to counter-suits, appeals to the Florida Supreme Court and attention from national tort-reform groups, a Palm Beach County jury has awarded more than $50 million to the former head of Marvel Entertainment and his wife, who said a neighbor and an attorney for

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Most Consumers Aware and Worried How Litigation Increases Insurance Cost

Most Consumers Aware and Worried How Litigation Increases Insurance Cost

The message appears to be getting through to consumers: Excessive insurance litigation is not good for insurance costs. According to a new survey from the Independent Insurance Agents & Brokers of America (the Big I), 64.3% of those surveyed are worried that lawsuits increase their premiums, and an even larger majority of consumers think the

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