The story of America’s cost of living is, at its core, a reflection of how society has evolved-economically, culturally, and technologically-over the past century. To truly appreciate the magnitude of this transformation, it’s worth stepping back into the 1920s, an era marked by exuberance and innovation, and comparing it to the realities of 2025. The numbers, when laid side by side, offer a striking narrative not just about prices, but about the changing nature of American life.
As we approach the midpoint of 2025, the financial markets are caught in a complex web of optimism and anxiety. The recent rally in major indices, led by technology giants, offers a glimmer of hope, but it would be shortsighted to ignore the persistent headwinds shaping the economic landscape.
Nuclear and thermonuclear verdicts—jury awards exceeding $10 million and $100 million, respectively—are reshaping the auto insurance landscape, driving unprecedented financial pressures on insurers and policyholders alike. These massive payouts, fueled by shifting jury attitudes and aggressive legal strategies, are forcing insurers to recalibrate risk models, tighten underwriting, and pass costs to consumers through higher premiums. Here’s how these verdicts are impacting the industry and what it means for future rates
A look at the 2025 hurricane forecast as compared to the same predictions for 2024 predictions and the corresponding results.
Admitted and non-admitted insurance carriers serve distinct roles in risk management, each with unique regulatory frameworks, protections, and applications. Understanding these differences is critical for businesses evaluating insurance strategies.
Last week, I had the opportunity to introduce the world of captive insurance to bright young minds at the University of South Carolina's Darla Moore School of Business. Joined by industry experts David Ward, Laura Rodrigo, and Karen Strange, we dove into the realm of captives with two risk management classes and then the Gamma Iota Sigma society.
One of the key advantages of captive insurance is the ability to achieve pricing stability. As a captive matures and accumulates capital and surplus, it becomes better equipped to retain risk and insulate itself from fluctuations in the commercial insurance market.
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