SVB Intervention Saved Insurers From D&O Claims
The potential for D&O claims for startups would have been high.
Florida House Committee Approves Bill to End AOBs in Windshield Repair
HB 541 bans assignment-of-benefits agreements for windshield repairs.
- In Filing with Regulators, Florida Citizens Wants Appraisers to be Licensed Adjusters
- AI Leaders Urge Labs to Halt Training Models More Powerful Than ChatGPT-4
- APCIA Says Property Insurance Market ‘Hardest in a Generation’
- Hyundai, Kia Warn 570,000 US Owners to Park Due to Fire Risk
- Insurer RSA Exits UK Personal Lines Motor Market to Focus on Core Businesses
- Unlicensed Roofing Contractor in Florida Charged After Soliciting Homeowners
- Deadly Chocolate Factory Blast a Reminder of Combustion Risks
- Connecticut Gunmaker Faces Another Suit by Relatives of Colorado Shooting Victims
- New Hampshire Court Nixes Medical Monitoring Part of PFOA Class Action
- Wreckage Complicates Job of Investigators of Chocolate Factory Deadly Blast
- Health Officials See No Sign of Contamination in Philadelphia’s Water After Spill
- Internet Library’s Book Service Violated Copyright, Judge Rules
- Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe
- People Moves: California Workers’ Comp Institute Elects 2023 Board
- $1.5M for California Homeowners Overcharged Under Wildfire Risk Score
- Washington Moves to End Child Sex Abuse Lawsuit Time Limits
- People Moves: Alera Group Names Ballantyne Managing Director of West Region
- North Carolina’s First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank
- Toxic Connection Not Proven, Appeals Court Finds in Florida Cancer Suit vs. Raytheon
- Mississippi Insurance Agency, Like Others Hit by Storms, Vows to Rebuild After Tornado
- South Carolina Senate Moves to Ban Foreign Adversaries from Owning Land in State
- Southeast Beware: More Killer Tornadoes on the Way, Study Says
- Federal Appeals Court Says Corps Doesn’t Have to Review ‘Polluting Spillway’
- In Filing with Regulators, Florida Citizens Wants Appraisers to be Licensed Adjusters
- Federal Appeals Court Says Corps Doesn’t Have to Review ‘Polluting Spillway’
- People Moves: NavSav Appoints Uminski to New COO Role; Bolander Joins Lockton as SVP of Regional Operations
- Texas Luxury Auto Dealership Fined $15K for Firing Employee Who Raised COVID Concerns
- People Moves: Watkins Insurance Group Appoints of Two Shareholders
- Death Row Minister Files $10M Defamation Suit Against Oklahoma Corrections Agency
- Arkansas Governor Passes School Bathroom Bill
- At Trial, Minnesota Says Juul Targets Kids
- Minnesota Suit Against Juul Goes to Trial
- Family of Kansas Toddler Killed by Police During Standoff Sues
- Fire Damages Ohio Complex Housing Wright Brothers Plane Factory
- Train Derails in Rural North Dakota, Spills Chemical
- St. Louis Sues Hyundai, Kia Over Car Thefts
National News
- AI Leaders Urge Labs to Halt Training Models More Powerful Than ChatGPT-4
- Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure
- Ex-Tesla Worker Testifies That Race Bias Made Him ‘Feel Less Than a Man’
- APCIA Says Property Insurance Market ‘Hardest in a Generation’
- Taking Care of Business: Opportunities Within Soft Workers’ Comp Market
- North Korean Hackers Posed as NY Times, Voice of America Staff
- NHTSA Opens Investigation Into Tesla Seat Belts Coming Loose
East News
- Deadly Chocolate Factory Blast a Reminder of Combustion Risks
- Connecticut Gunmaker Faces Another Suit by Relatives of Colorado Shooting Victims
- New Hampshire Court Nixes Medical Monitoring Part of PFOA Class Action
- Wreckage Complicates Job of Investigators of Chocolate Factory Deadly Blast
- Health Officials See No Sign of Contamination in Philadelphia’s Water After Spill
- Internet Library’s Book Service Violated Copyright, Judge Rules
Midwest News
- At Trial, Minnesota Says Juul Targets Kids
- Minnesota Suit Against Juul Goes to Trial
- Family of Kansas Toddler Killed by Police During Standoff Sues
- Fire Damages Ohio Complex Housing Wright Brothers Plane Factory
- Train Derails in Rural North Dakota, Spills Chemical
- St. Louis Sues Hyundai, Kia Over Car Thefts
La. Commissioner Donelon Won’t Seek Reelection
Jim Donelon’s 17-year run as insurance commissioner will come to an end.
Texas / South Central News
- Arkansas Sues TikTok, Meta Over Child Safety, Privacy Claims
- Federal Appeals Court Says Corps Doesn’t Have to Review ‘Polluting Spillway’
- People Moves: NavSav Appoints Uminski to New COO Role; Bolander Joins Lockton as SVP of Regional Operations
- Texas Luxury Auto Dealership Fined $15K for Firing Employee Who Raised COVID Concerns
- People Moves: Watkins Insurance Group Appoints of Two Shareholders
- Death Row Minister Files $10M Defamation Suit Against Oklahoma Corrections Agency
Southeast News
- Toxic Connection Not Proven, Appeals Court Finds in Florida Cancer Suit vs. Raytheon
- Mississippi Insurance Agency, Like Others Hit by Storms, Vows to Rebuild After Tornado
- South Carolina Senate Moves to Ban Foreign Adversaries from Owning Land in State
- Southeast Beware: More Killer Tornadoes on the Way, Study Says
- Federal Appeals Court Says Corps Doesn’t Have to Review ‘Polluting Spillway’
- In Filing with Regulators, Florida Citizens Wants Appraisers to be Licensed Adjusters
Commercial Rates Up in Q4 But at Slower Pace: WTW
U.S. commercial insurance prices grew by an average of 4.8% in Q4 2022.
West News
- Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe
- People Moves: California Workers’ Comp Institute Elects 2023 Board
- $1.5M for California Homeowners Overcharged Under Wildfire Risk Score
- Washington Moves to End Child Sex Abuse Lawsuit Time Limits
- People Moves: Alera Group Names Ballantyne Managing Director of West Region
- North Carolina’s First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank
International & Reinsurance News
- Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
- Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses
- BHP Group Seeks to Delay $44B Brazil Dam Court Case in London
- UK’s Poor Climate Planning Risks ‘Cascading Failures’: Report
- Colombia, Peru Eye World Bank Catastrophe Bonds on Renewed Investor Interest
- Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures
- Ermotti to Step Down as Swiss Re Chair to Take UBS Role; Interim Chair Named
Insurance Journal Blogs and Columns
- The Systems Aren’t Connected: A Cautionary Tale for Your Insurance Org
- Women in Insurance
- 5 Reasons Smart Insurers Embrace Modern Infrastructure in Recessive Market Conditions
- What You Need to Know About the Entry-Level Driver Training (ELDT) Program
- Looking for a meaningful and impactful career? Commercial insurance may be the answer.
- Assisting Insurers with Compliance Under California’s New Wildfire Insurance Regulations
Quote of Note
"This has been a tremendous period of time to identify blind spots. Where did you think you were protected versus where you're not? As you took the plan off the shelf, if you will, and you put it into practice, what did work and didn't work about applying that plan?"
More QuotesJim Wetekamp, CEO, Riskonnect
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $4.12 | +12.57% |
| Heritage Insurance Holdings, Inc. | HRTG | $3.13 | +10.99% |
| Hippo Holdings Inc. | HIPO | $15.49 | +9.55% |
| Lemonade, Inc. | LMND | $13.45 | +5.66% |
| American International Group, Inc. | AIG | $51.25 | +4.91% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Erie Indemnity Company | ERIE | $229.67 | -1.40% |
| Kingsway Financial Services Inc. | KFS | $8.93 | -0.89% |
| Donegal Group Inc. | DGIC.A | $14.94 | +0.00 |
| Trean Insurance Group, Inc. | TIG | $6.09 | +0.00 |
| Safety Insurance Group, Inc. | SAFT | $74.06 | +0.00 |
