In announcing the cuts, Acrisure cited technology advancements and AI.
Flood insurance for millions of homeowners is among the services affected by the shutdown.
- Washington Dairy Worker Pleads Guilty in $122K Workers’ Comp Scam
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- High Demand for Gen AI Insurance; Buyers Say They’ll Pay More: Report
- FurtherAI Raises $25M to Alleviate Insurance Industry’s ‘Busywork’ Burden
- Survey Shows Homeowners Warming to DIY Digital Claims, Insurance Processes
- Tokio Marine Weighs More Than $10 Billion of International M&A
- New York City Sues Social Media Firms For Allegedly Addicting Children
- MEMIC Group to Pay $19 Million Dividend to Its Maine Policyholders
- People Moves: Cicchelli Joins World Insurance; James River Adds Arch, Markel Recruits
- Virginia Appeals Court Nixes $2.5 Million Jury Award Against Anesthesiologist
- 3 Democratic Justices Hope to Keep Pennsylvania Supreme Court Seats
- Connecticut Launches Free Online Property Risk Mapping Tool
- People Moves: MJ Companies Hires Eckard as Vice President, Employee Benefits Operations
- Report: California Workers’ Comp Written Premium Levels Returned to Stability
- Washington Dairy Worker Pleads Guilty in $122K Workers’ Comp Scam
- Man Charged With ‘Maliciously’ Starting Massive LA Wildfire
- US Sues Southern California Edison Over 2019 Wildfire
- J&J Must Pay $966M After Jury Finds Company Liable In Talc Cancer Case
- Florida County Hit by 2024 Hurricanes Takes on Beach Restoration Without Fed Help
- Dogs Kill Toddler at Unlicensed Georgia Daycare Center
- Greystar, Other Landlords Agree to $141M Settlement in Rent-Setting Lawsuit
- Kentucky AG Suit Says Roblox Fails to Protect Children on Gaming Platform
- IMA Financial Adds Alabama’s Valent Group to the Team
- Engle Martin Acquires London-Based Integra Technical Services Claims Adjusters
- Texas AG Threatens Action Against Chinese Company for Potential Data Privacy Violations
- Rural Texas Residents Struggle with Noise Pollution from Nearby Crypto Facility
- Exxon Delays Planned Plastic Plant on Texas Coast
- DOL Awards $890K to Texas for Disaster Recovery Jobs After July Storms
- New MGU Hill Country Underwriters Launches for Artisan Contractors in Texas
- Texas Stock Exchange Receives Federal Approval
- Argentina Soccer Match Pulled From Chicago Amid Troop Tension
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- Walmart Sued for Disability Discrimination at Wisconsin Location
- EF5 Tornado That killed 3 in North Dakota was Nation’s First in 12 years
- Nebraska Officials Are Targeting Voter-Approved Medical Marijuana
- People Moves: Holmes Murphy Names Anderson Sioux Falls Employee Benefits Sales Leader
National News
- Survey Shows Homeowners Warming to DIY Digital Claims, Insurance Processes
- High Demand for Gen AI Insurance; Buyers Say They’ll Pay More: Report
- People Moves: Boxx Hires Leads for Distribution, Claims and Tech; XPT Specialty Hires Staver, Luceno to Personal Lines Team
- Microsoft Forecasts Show Data Center Crunch Persisting Into 2026
- APCIA Chair Robusto: Industry Must Fight False Narratives, Improve Public Trust
- Survey: Employer, Employee Views Differ on Workplace Safety
- World Is Far More Ablaze Now With Damaging Fires Than in 1980s: Study
- FurtherAI Raises $25M to Alleviate Insurance Industry’s ‘Busywork’ Burden
- CyberCube Gains a New $180M Investor in Spectrum Equity
East News
- New York City Sues Social Media Firms For Allegedly Addicting Children
- MEMIC Group to Pay $19 Million Dividend to Its Maine Policyholders
- People Moves: Cicchelli Joins World Insurance; James River Adds Arch, Markel Recruits
- Virginia Appeals Court Nixes $2.5 Million Jury Award Against Anesthesiologist
- 3 Democratic Justices Hope to Keep Pennsylvania Supreme Court Seats
- Connecticut Launches Free Online Property Risk Mapping Tool
Midwest News
- Argentina Soccer Match Pulled From Chicago Amid Troop Tension
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- Walmart Sued for Disability Discrimination at Wisconsin Location
- EF5 Tornado That killed 3 in North Dakota was Nation’s First in 12 years
- Nebraska Officials Are Targeting Voter-Approved Medical Marijuana
- People Moves: Holmes Murphy Names Anderson Sioux Falls Employee Benefits Sales Leader
A jury found the company liable to the family of a woman who died from mesothelioma.
Texas / South Central News
- Texas AG Threatens Action Against Chinese Company for Potential Data Privacy Violations
- Rural Texas Residents Struggle with Noise Pollution from Nearby Crypto Facility
- Exxon Delays Planned Plastic Plant on Texas Coast
- DOL Awards $890K to Texas for Disaster Recovery Jobs After July Storms
- New MGU Hill Country Underwriters Launches for Artisan Contractors in Texas
- Texas Stock Exchange Receives Federal Approval
Southeast News
- Florida County Hit by 2024 Hurricanes Takes on Beach Restoration Without Fed Help
- Dogs Kill Toddler at Unlicensed Georgia Daycare Center
- Greystar, Other Landlords Agree to $141M Settlement in Rent-Setting Lawsuit
- Kentucky AG Suit Says Roblox Fails to Protect Children on Gaming Platform
- IMA Financial Adds Alabama’s Valent Group to the Team
- Engle Martin Acquires London-Based Integra Technical Services Claims Adjusters
Geopolitical volatility has surged into a top 10 business risk with cyber risk remaining No. 1.
West News
- People Moves: MJ Companies Hires Eckard as Vice President, Employee Benefits Operations
- Report: California Workers’ Comp Written Premium Levels Returned to Stability
- Washington Dairy Worker Pleads Guilty in $122K Workers’ Comp Scam
- Man Charged With ‘Maliciously’ Starting Massive LA Wildfire
- US Sues Southern California Edison Over 2019 Wildfire
- J&J Must Pay $966M After Jury Finds Company Liable In Talc Cancer Case
International & Reinsurance News
- Explosion at Orange Site in Paris Injures Workers, Affects 80,000 Users
- Tokio Marine Weighs More Than $10 Billion of International M&A
- Bank of England Says Soaring AI Valuations Risk Sharp Market Correction
- French Wine Output to Fall Below 2024 After Fires Ravage Vines
- Drone Attacks Are Now Seen 2,000 Kilometers Inside of Russia
- Fortegra Begins Operating From Box 388 at Lloyd’s of London
- People Moves: Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472; Westfield Specialty Int’l Taps Faraday’s Richardson to Lead Open Market Property
Insurance Journal Blogs and Columns
- A Lost Art: The Submission Letter
- Death and Insurance (Not Taxes), Part 2
- World Acquires Indiana’s ACB
- External Threat: Protecting Your Property when the Fire Starts Outside
- Economic Uncertainty and Annuities Go Hand and Hand
- 1033 Waivers in Insurance – What Are They, and How Do They Work?
Quote of Note
"This is the first firming market I have seen since I joined the insurance industry, so it certainly looks a lot different than it did when I started."
More Quotes Steve Moughamian, Risk Placement Services (RPS), Lexington, Ky.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $82.98 | +1.53% |
| Horace Mann Educators Corporation | HMN | $44.98 | +1.08% |
| Goosehead Insurance, Inc | GSHD | $69.25 | +0.93% |
| Palomar Holdings, Inc. | PLMR | $119.74 | +0.67% |
| Tiptree Inc. | TIPT | $18.47 | +0.65% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Ategrity Specialty Insurance Company Holdings | ASIC | $16.38 | -6.72% |
| Ryan Specialty Holdings, Inc. | RYAN | $55.63 | -4.56% |
| HCI Group, Inc. | HCI | $186.75 | -4.09% |
| Lemonade, Inc. | LMND | $53.47 | -3.66% |
| Slide Insurance Holdings, Inc. | SLDE | $15.76 | -3.61% |