US Commercial Rates Up 3% on Hikes in Casualty
Marsh’s Global Insurance Market Index said composite casualty rates increased 10%.
Allstate Says It’s Ready to Grow Homeowners Insurance
Allstate said it sees opportunity using all three distribution channels.
- How Trump’s Second Administration Affects Business: Musk, Tariffs and More
- St. Pete to Spend Millions on Stadium After Reducing Insurance Coverage This Year
- Boeing Dismantles DEI Team as Pressure Builds on New CEO
- NC Insurers Warned About Using Flood Denials in Underwriting
- Florida’s Citizens Suspends Binding on Policies as Another Storm Churns in the Gulf
- AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market
- Navarro Wins Delaware Insurance Commissioner Reelection
- Massachusetts Governor Urges Safety Amid ‘Unprecedented’ Fire Season
- NY Governor: $20 Million Available in Home Resiliency Grants, Loans
- Hilb Group Secures $2 Billion Round of Financing
- DOL Seeks Reinstatement, Back Wages From Pennsylvania Manufacturer
- DOL Recovers $877K in Wages, Benefits For Employees Underpaid By NY Contractors
- Arthur J. Gallagher Acquires Statewide Commercial Insurance Brokers
- Hawaiian Electric Finalizes $2 Billion Maui Fire Settlement
- High Winds in Southern California Drive Two Blazes
- Kuderer Wins Race for Long-Held Washington Insurance Commissioner Post
- Brown Well Ahead of Repke in Race for Montana Commissioner of Insurance
- Hub International Acquires Western Growers Insurance Services in California
- North Carolina Insurance Commissioner Causey Elected to Third Term
- Legal Weed Ballot Measure Falls Short of Supermajority Vote Needed in Florida
- Mississippi Worker Killed When Hot Asphalt Falls from Dump Truck
- Florida’s Citizens Suspends Binding on Policies as Another Storm Churns in the Gulf
- St. Pete to Spend Millions on Stadium After Reducing Insurance Coverage This Year
- In Florida’s Weed Wars, Griffin and DeSantis Clash With Trump and ‘Pot Daddy’
- Texas Medical Supplier to Pay $448K in Back Wages for Racial Hiring Discrimination
- Fairgoers Join Lawsuit Against State Fair of Texas and Dallas Over Firearms Ban
- Severe Storms and Tornadoes Hit Oklahoma, Leaving 11 Hospitalized
- Monarch E&S Acquires Texas’ Professional Insurance Executives
- Texas Agency Seeks $100M to Tackle Well Blowouts
- Texas Jury Orders Bell Helicopter to Pay $16M in Trade-Secrets Case
- Illinois Contractor Cited for Exposing Workers to Fall Hazards
- Automotive Control Company to Pay $80K Over Sex Discrimination
- Arthur J. Gallagher & Co. Acquires Michigan’s Peabody
- Trucker Crashes Into Stopped Traffic in Michigan, Killing 4
- Agency Settles With Chicago Mortgage Firm Over Racial Discrimination Claims
- Fire Closes Ohio River Bridge Near Cincinnati and Damges its Steel Structure
National News
- AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market
- Ivans Index Shows Commercial Lines Renewal Rates Down in October From August
- How Trump’s Second Administration Affects Business: Musk, Tariffs and More
- FBI Warns Against Two Fake Videos as Officials Combat Election Disinformation
- Generali Said to Weigh Deal for Credit Investment Firm MGG
- People Moves: H.W. Kaufman Group Promotes 11 Leaders Across North America
- Markets/Coverages: Novatae Risk Group Launches Misc. Pro Liability Program
- Markets/Coverages: Chaucer Offers Nuclear Power Stations Insurance for Cyberattacks
- Agency E&O Claims Trends to Watch
East News
- Navarro Wins Delaware Insurance Commissioner Reelection
- Massachusetts Governor Urges Safety Amid ‘Unprecedented’ Fire Season
- NY Governor: $20 Million Available in Home Resiliency Grants, Loans
- Hilb Group Secures $2 Billion Round of Financing
- DOL Seeks Reinstatement, Back Wages From Pennsylvania Manufacturer
- DOL Recovers $877K in Wages, Benefits For Employees Underpaid By NY Contractors
Midwest News
- Illinois Contractor Cited for Exposing Workers to Fall Hazards
- Automotive Control Company to Pay $80K Over Sex Discrimination
- Arthur J. Gallagher & Co. Acquires Michigan’s Peabody
- Trucker Crashes Into Stopped Traffic in Michigan, Killing 4
- Agency Settles With Chicago Mortgage Firm Over Racial Discrimination Claims
- Fire Closes Ohio River Bridge Near Cincinnati and Damges its Steel Structure
La. Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs
Louisiana Senator Bill Cassidy released a report critical of NFIP's Risk Rating 2.0.
Texas / South Central News
- Texas Medical Supplier to Pay $448K in Back Wages for Racial Hiring Discrimination
- Fairgoers Join Lawsuit Against State Fair of Texas and Dallas Over Firearms Ban
- Severe Storms and Tornadoes Hit Oklahoma, Leaving 11 Hospitalized
- Monarch E&S Acquires Texas’ Professional Insurance Executives
- Texas Agency Seeks $100M to Tackle Well Blowouts
- Texas Jury Orders Bell Helicopter to Pay $16M in Trade-Secrets Case
Southeast News
- North Carolina Insurance Commissioner Causey Elected to Third Term
- Legal Weed Ballot Measure Falls Short of Supermajority Vote Needed in Florida
- Mississippi Worker Killed When Hot Asphalt Falls from Dump Truck
- Florida’s Citizens Suspends Binding on Policies as Another Storm Churns in the Gulf
- St. Pete to Spend Millions on Stadium After Reducing Insurance Coverage This Year
- In Florida’s Weed Wars, Griffin and DeSantis Clash With Trump and ‘Pot Daddy’
Should Roofers Do More Wind-Mit to Help Florida’s Insured Losses?
Florida doesn't specifically allow roofers to install hurricane straps and clips.
West News
- Arthur J. Gallagher Acquires Statewide Commercial Insurance Brokers
- Hawaiian Electric Finalizes $2 Billion Maui Fire Settlement
- High Winds in Southern California Drive Two Blazes
- Kuderer Wins Race for Long-Held Washington Insurance Commissioner Post
- Brown Well Ahead of Repke in Race for Montana Commissioner of Insurance
- Hub International Acquires Western Growers Insurance Services in California
International & Reinsurance News
- Chinese Group Accused of Hacking Singtel in Telecom Attacks
- Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says
- Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque
- Markets/Coverages: Chaucer Offers Nuclear Power Stations Insurance for Cyberattacks
- Valencia Asks for €31 Billion Rescue Package After Deadly Floods in Spain
- Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct
Insurance Journal Blogs and Columns
- In an Expensive and Difficult Market, States Aim to Make Fire Risk Ratings More Transparent
- Management Liability in the Post-COVID Era – What’s Brewing Podcast (Episode 5)
- 6 Essential Skills of an Insurance Agent You Need to Master
- Transforming Cyber and Tech E&O Insurance with Underwriter Link
- Revolutionizing Catastrophe Modeling with CoreLogic’s Navigate™: A Cloud-Based Approach
- Optimizing Policy Renewal and Retention with Selectsys BPO Services: Strategies for Insurance Success
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Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Heritage Insurance Holdings, Inc. | HRTG | $10.88 | +9.46% |
| American Coastal Insurance Corporation | ACIC | $12.83 | +7.45% |
| Lemonade, Inc. | LMND | $25.05 | +6.28% |
| Horace Mann Educators Corporation | HMN | $39.27 | +5.06% |
| Universal Insurance Holdings, Inc. | UVE | $20.36 | +4.41% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingstone Companies, Inc. | KINS | $10.88 | -1.72% |
| American International Group, Inc. | AIG | $75.39 | -1.23% |
| Kingsway Financial Services Inc. | KFS | $9.35 | -0.53% |
| Root, Inc. | ROOT | $70.98 | +0.03% |
| Global Indemnity Group, LLC | GBLI | $34.00 | +0.06% |
