AM Best said there are “warning signs” for the directors & offers liability market.
Cost savings are broadly falling short of projections, said a survey by Bain & Co.
- MMA Alleges Broker Patriot Poached 11 Surety Team Members
- Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete
- Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says
- D&O Market Expected to Tighten Under Pressure, Says AM Best
- Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer
- USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout
- Workers’ Compensation Costs Running High in Pennsylvania: WCRI
- ANV Group Adds Another Workers’ Compensation Agency to Its Roster
- 8 Charged With Faking Shippers’ IDs to Steal Meats, Cheeses, Copper and Cigarettes
- Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death
- Court Rejects NRA Ex-Leader LaPierre’s Appeal of NY’s $4.3M Judgment
- People Moves: Maine Insurance Superintendent Carey Retires
- PG&E Could Cut Power in 8 California Counties Due to Winds, Fire Danger
- Markets/Coverages: Alliant in California Rolling out Retirement & Wealth Business
- Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car
- California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
- People Moves: Delos Names Schween CTO; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker; Legner Joins Trucordia as Agriculture Platform Senior VP
- Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs
- USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout
- Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer
- People Moves: Florida Lawyers Mutual Names Coady CEO
- Earthquake Off Cuba Felt Across South Florida
- Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
- Hail Fire: NC Couple Charged With Making Duplicate Claims for Same Damage
- Rio Grande Valley Farmers are Bracing for Severe Drought
- Texas Governor Vows Sped Up Construction of Screwworm Fly Breeding Facility
- People Moves: CorVel Names Scott as CEO and President
- Deadly Screwworm Pest Spreads in Texas With Two New Cases
- Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement
- Artist Suing FIFA Over Destruction of Dallas Whale Mural
- NFP Acquires Kansas’ Signature Personal Insurance
- Company Ordered to Pay $500K Fine for Violating Asbestos Regulations in Michigan
- Tyco to Pay $10M Settlement With Wisconsin Over PFAS Contamination
- Illinois Joins Ohio in Ordering Pause on Data Center Tax Credits
- Iowa’s Water Pollution Threatens Recreational Activities and Public Health
- Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case
National News
- MMA Alleges Broker Patriot Poached 11 Surety Team Members
- Survey Highlights Growing Interconnected Risks, Protection Gaps
- Chinese Hackers Pose Biggest Espionage Threat to Tech Firms, CrowdStrike Says
- Supreme Court Bolsters SEC’s Power to Recoup Illegal Gains
- Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says
- Register: Risky Future AI Tools for Retail Agents ‘Demo Day’ on June 10
- Judge Scraps Trump Policy Restricting Wind, Solar Tax Breaks
East News
- Workers’ Compensation Costs Running High in Pennsylvania: WCRI
- ANV Group Adds Another Workers’ Compensation Agency to Its Roster
- 8 Charged With Faking Shippers’ IDs to Steal Meats, Cheeses, Copper and Cigarettes
- Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death
- Court Rejects NRA Ex-Leader LaPierre’s Appeal of NY’s $4.3M Judgment
- People Moves: Maine Insurance Superintendent Carey Retires
Midwest News
- NFP Acquires Kansas’ Signature Personal Insurance
- Company Ordered to Pay $500K Fine for Violating Asbestos Regulations in Michigan
- Tyco to Pay $10M Settlement With Wisconsin Over PFAS Contamination
- Illinois Joins Ohio in Ordering Pause on Data Center Tax Credits
- Iowa’s Water Pollution Threatens Recreational Activities and Public Health
- Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case
Acrisure filed a lawsuit accusing former employees of using intellectual property to peel away clients.
Texas / South Central News
- Rio Grande Valley Farmers are Bracing for Severe Drought
- Texas Governor Vows Sped Up Construction of Screwworm Fly Breeding Facility
- People Moves: CorVel Names Scott as CEO and President
- Deadly Screwworm Pest Spreads in Texas With Two New Cases
- Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement
- Artist Suing FIFA Over Destruction of Dallas Whale Mural
Southeast News
- USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout
- Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer
- People Moves: Florida Lawyers Mutual Names Coady CEO
- Earthquake Off Cuba Felt Across South Florida
- Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
- Hail Fire: NC Couple Charged With Making Duplicate Claims for Same Damage
A survey from the Triple-I and Munich Re US shows overlapping exposures are shaping the risk landscape.
West News
- PG&E Could Cut Power in 8 California Counties Due to Winds, Fire Danger
- Markets/Coverages: Alliant in California Rolling out Retirement & Wealth Business
- Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car
- California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
- People Moves: Delos Names Schween CTO; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker; Legner Joins Trucordia as Agriculture Platform Senior VP
- Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs
International & Reinsurance News
- Banks Face Extra £6B Cost if Motor Finance Compensation Plan Is Thrown Out: UK’s FCA
- India’s Ship Certifier Takes Tougher Stance on Sanctioned Tankers
- Israel Kills Eight in Strike on Lebanon; US Rescues Helicopter Crew From Hormuz
- New UK Referendum Would Flip Brexit Result of a Decade Ago, Poll Finds
- Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says
- Rescue Efforts Underway as Philippine Quake Death Toll Hits 37
- People Moves: Miller Bermuda Taps Stubbings From McGill and Partners as Chair; Tokio Marine Kiln Hires Talbot AIG’s Rennie as Head of Political Violence and Terrorism
Insurance Journal Blogs and Columns
- How employee assistance programs drive better workers’ comp outcomes
- Mind the Gap: D&O Runoff in M&A Transactions
- Renewals Don’t Have to Be a Fire Drill
- Cut Manual Work: Insurance Operations Automation with EZLynx
- Securing Favorable Terms on Unbundled Business Auto Coverage
- Cotality’s Focus on Interoperability: Producing End-to-End Trust for Insurance and Restoration
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Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Reliance Global Group, Inc. | EZRA | $3.69 | +3.80% |
| Lemonade, Inc. | LMND | $52.97 | +2.93% |
| Root, Inc. | ROOT | $54.92 | +2.58% |
| Presurance Holdings, Inc. | PRHI | $5.40 | +1.50% |
| NI Holdings, Inc. | NODK | $15.04 | +1.14% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Goosehead Insurance, Inc. | GSHD | $36.51 | -4.80% |
| The Hartford Insurance Group, Inc. | HIG | $127.59 | -3.44% |
| Neptune Insurance Holdings Inc. | NP | $24.62 | -3.41% |
| Heritage Insurance Holdings, Inc. | HRTG | $21.53 | -2.84% |
| Ryan Specialty Holdings, Inc. | RYAN | $31.65 | -2.79% |