KCC Expects Insured Losses of $36B From Hurricane Milton
Unlike Hurricane Helene, Milton’s damage was caused mostly by wind.
Milton to Pressure Florida Reinsurance, Rate Hikes
Analysts said hurricanes Milton and Helene will spur reinsurance price hikes.
- People’s Trust Managed Repair Clause Survives Another Florida Legal Challenge
- Travelers Triples Q3 Net Income, Reverses Underwriting Loss
- Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene
- Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son
- Court Finds Ambiguity But No Bad Faith by Insurer in Bible App Data Claim
- Jury Awards $30 Million to Woman Injured During C-Section
- Court Finds Ambiguity But No Bad Faith by Insurer in Bible App Data Claim
- New York Updates Financial Services Cybersecurity Regulation to Address AI Risks
- Jury Awards $30 Million to Woman Injured During C-Section
- Pennsylvania’s Enders Insurance Joins Unison Risk Advisors
- State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians
- Jury Says J&J Must Pay $15 Million to Man Who Claims Talc Caused His Cancer
- Man Banned From California’s Workers’ Comp System Charged for Billing Nearly $100M
- California City Part of Community-Based Flood Insurance Initiative
- Elevator Door Was ‘Broken’ During Colorado Mine Tour Accident That Killed 1 And Trapped 12
- People Moves: HUB International Names Forchelli EVP for Hub California
- Oregon County Adds Utility to $51B Climate Suit Against Fossil Fuel Companies
- Average Weekly Wage Increase Bumps California Workers’ Comp Benefits for 2025
- People’s Trust Managed Repair Clause Survives Another Florida Legal Challenge
- HCI Group Expects to Pay $600M to $750M in Claims from Recent Hurricanes
- Family of Tenn. Man Who Died in Plastics Plant Flooding Files Wrongful Death Suit
- Florida Man Dies From Smoke After Golf Cart Battery Fire in Milton Flooding
- Far From Milton’s Eye, Tornadoes Wrought Unexpected Damage
- Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son
- People Moves: Tokio Marine HCC Appoints Perez to Launch US Excess Casualty Business
- Oil Field Service Companies Face Lawsuit for Alleged Sexual and Racial Harassment
- Texas Commissioner Rejects TWIA’s Proposed Rate Increase
- Former Texas Police Chief Convicted of Insurance Fraud
- South Texas City in Boil-Water Notice After E. coli Traces Found in Water System
- Company Recalls Nearly 10 Million Pounds of Meat Made at Oklahoma Plant
- Michigan to Pay $13M After Shooter Drill Terrified Psychiatric Hospital for Kids
- Insurtech on the Silicon Prairie to be Held in Omaha
- Fitch Revises Cincinnati Financial’s Outlook to Positive From Stable
- Department of Labor Expands Grain Handling Safety Program in Midwest
- Wisconsin Officials Requiring Burning Permits Amid Dry Conditions
- AM Best Revises Outlook to Positive for Kansas’ Upland Mutual
National News
- Travelers Triples Q3 Net Income, Reverses Underwriting Loss
- Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene
- Supreme Court Allows EPA Power Plant Pollution Curbs for Now
- Marsh McLennan Reports 6% Increase in Q3 Revenue
- FTC Finalizes New Merger-Filing Requirements
- Stellantis Recalls 54,000 Hybrid SUVs Worldwide Over Brake Pedal Defect
East News
- Court Finds Ambiguity But No Bad Faith by Insurer in Bible App Data Claim
- New York Updates Financial Services Cybersecurity Regulation to Address AI Risks
- Jury Awards $30 Million to Woman Injured During C-Section
- Pennsylvania’s Enders Insurance Joins Unison Risk Advisors
- State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians
- Jury Says J&J Must Pay $15 Million to Man Who Claims Talc Caused His Cancer
Midwest News
- Michigan to Pay $13M After Shooter Drill Terrified Psychiatric Hospital for Kids
- Insurtech on the Silicon Prairie to be Held in Omaha
- Fitch Revises Cincinnati Financial’s Outlook to Positive From Stable
- Department of Labor Expands Grain Handling Safety Program in Midwest
- Wisconsin Officials Requiring Burning Permits Amid Dry Conditions
- AM Best Revises Outlook to Positive for Kansas’ Upland Mutual
UK Fears Chinese Hackers Struck Critical Infrastructure
Hackers from China have made widespread efforts to access British critical infrastructure networks.
Texas / South Central News
- People Moves: Tokio Marine HCC Appoints Perez to Launch US Excess Casualty Business
- Oil Field Service Companies Face Lawsuit for Alleged Sexual and Racial Harassment
- Texas Commissioner Rejects TWIA’s Proposed Rate Increase
- Former Texas Police Chief Convicted of Insurance Fraud
- South Texas City in Boil-Water Notice After E. coli Traces Found in Water System
- Company Recalls Nearly 10 Million Pounds of Meat Made at Oklahoma Plant
Southeast News
- People’s Trust Managed Repair Clause Survives Another Florida Legal Challenge
- HCI Group Expects to Pay $600M to $750M in Claims from Recent Hurricanes
- Family of Tenn. Man Who Died in Plastics Plant Flooding Files Wrongful Death Suit
- Florida Man Dies From Smoke After Golf Cart Battery Fire in Milton Flooding
- Far From Milton’s Eye, Tornadoes Wrought Unexpected Damage
- Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son
Modeling Delivers Insights on More Civil Unrest
Insured losses from civil unrest can reach levels equal to some natural catastrophes.
West News
- Man Banned From California’s Workers’ Comp System Charged for Billing Nearly $100M
- California City Part of Community-Based Flood Insurance Initiative
- Elevator Door Was ‘Broken’ During Colorado Mine Tour Accident That Killed 1 And Trapped 12
- People Moves: HUB International Names Forchelli EVP for Hub California
- Oregon County Adds Utility to $51B Climate Suit Against Fossil Fuel Companies
- Average Weekly Wage Increase Bumps California Workers’ Comp Benefits for 2025
International & Reinsurance News
- EU AI Act Checker Reveals Big Tech’s Compliance Pitfalls
- Britain’s Young Drivers Should Face Stricter Rules, Says CEO of AA Breakdown Service
- Multi-Class MGA, Carrow Insurance, Is Launched, With Former AmTrust Exec at Helm
- Climate Change Causes 379% Hike in Insured Damages in Canada Over 10 Years: Report
- Singapore Amends Law to Stop Allianz’s Insurance Deal
- Aon’s NFP Acquires Irish Financial, Benefits and Insurance Advisory Firm
- AXA Rebrands China Reinsurance Unit to ‘AXA International Re’
- People Moves: LM Re Taps Vantage Risk’s Sweeney as Specialty Casualty Underwriting Mgr; Marsh Promotes Thomas-Ferrand to Lead Captive Insurance as Charnley Retires
Insurance Journal Blogs and Columns
- Revolutionizing Submission Automation for MGAs and Wholesalers with AI-Powered Technology: From Email Intake to Quoting in Minutes
- Confessions of Owning a Farmers Insurance Agency
- Overcoming the Challenges of Personal Items Estimation
- Are You Thinking About Appointment Compliance All Wrong?
- Enhancing Workers’ Compensation and GL Underwriting with Underwriter Link
- It’s Pig Iron Under Water!
Sponsored Newswire
- Insurance Professionals Invited to HAI Group’s Award-Winning Virtual Risk Management Conference on Nov. 7
- Risk & Insurance Education Alliance and BrokerTech Ventures Launch New Insurtech Insurance Course
Quote of Note
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Hippo Holdings Inc. | HIPO | $19.43 | +6.35% |
| Trupanion, Inc. | TRUP | $53.50 | +5.13% |
| Goosehead Insurance, Inc | GSHD | $99.40 | +3.57% |
| Safety Insurance Group, Inc. | SAFT | $83.87 | +3.20% |
| United Fire Group, Inc. | UFCS | $20.65 | +3.20% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Erie Indemnity Company | ERIE | $513.32 | -2.35% |
| Heritage Insurance Holdings, Inc. | HRTG | $10.75 | -2.01% |
| Ryan Specialty Holdings, Inc. | RYAN | $70.60 | -0.91% |
| HCI Group, Inc. | HCI | $116.01 | -0.24% |
| Palomar Holdings, Inc. | PLMR | $98.02 | -0.16% |
