The journey of one Registered Investment Advisor (RIA) firm towards significant growth began with a pivotal decision to outsource its investment management responsibilities. The firm's founder, burdened by the anxiety of managing investments for over 600 households, sought a solution that
The California Labor Commissioner’s Office (LCO) has recently issued a staggering $1.3 million in fines against 19 car washes in the South Bay area of Los Angeles County and Orange County for numerous labor violations that have affected 960 workers. The investigation into these car washes revealed i
In October and November of 2024, Washington Insurance Commissioner Mike Kreidler imposed fines amounting to $576,500 on various insurance entities, including PacificSource Health Plans, Delta Dental, and Lemonade Insurance Co., for breaching state insurance laws and regulations. This analysis
The insurance industry is witnessing a wave of strategic appointments aimed at bolstering leadership teams and driving growth in specialized sectors. Recent high-profile appointments at Generali Global Corporate & Commercial (GC&C) and the broker Miller highlight this trend. These moves are
The recent lawsuit and settlement involving Texas property management companies—Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC—have brought to light significant issues regarding disability discrimination. The U.S. Equal Employment Op
Aon's Climate Risk Monitor has been significantly enhanced through a collaboration with flood expert, Fathom, aimed at offering clients improved flood risk assessment capabilities. Initially launched in March, the Climate Risk Monitor enables clients to visualize and analyze their exposure to
The newly-announced Elevate Florida program, introduced at the Florida Chamber of Commerce Insurance Summit, is a comprehensive state-federal initiative aimed at mitigating flood risks and reducing insurance costs for homeowners. This program is designed to provide grants and low-interest loans to
Insurance fraud isn’t just a growing issue—it’s an evolving one. In 2024, fraudsters are leveraging advanced technologies like artificial intelligence and exploiting systemic vulnerabilities in the insurance industry, costing companies billions annually. From synthetic identity scams to deepf
The commercial insurance market in the United States has been experiencing a steady increase in rates, a trend that has persisted since the end of the COVID-19 pandemic. According to Willis Towers Watson's (WTW) Commercial Lines Insurance Pricing Survey (CLIPS), the overall average price
The Prudential Regulation Authority (PRA) has proposed new regulations requiring large British life insurers to report their liquidity positions daily during market crises. This move comes in response to the information gaps identified during financial turmoil triggered by the global COVID-19
