State Farm Still Wins: Buffett Talks Auto Insurance
“It doesn’t make any sense at all” that State Farm is #1 but it is.
Homeowners Underinsured Given Current Cost Trends
APCIA finds majority have not addressed rising inflation, increased building costs.
- Florida Insurance Groups Divided on Proposed Special Session Bill
- Florida DFS Posts Autopsy Reports on 18 Insolvent Insurers, 2012-2017
- Florida Appeals Court Slashes $600,000 Attorney Fee on $52,000 Claim
- Republicans Have a New Enemy No. 1: ESG Investing
- Minnesota College Student Awarded $111M in Personal Injury Case
- Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase
- YES and No: New York’s Yankees Network Sues Insurer to Recover COVID Losses
- Forest Fire in Northern New Hampshire Nearly Contained
- Man Who Sued InfoWars’ Jones Among Victims of Massachusetts Fire
- Markets/Coverages: Maryland’s Residual Insurer Ups Limits for Commercial Drivers
- ‘Borat’ Actor Cohen Drops $9M Suit Against Cannabis Company Over Billboard
- Explosion at Maryland Nail Salon Injured 7 Including First Responders
- New Mexico Wildfire Evacuees Worry About Their Future
- California Teacher Suspected of Molesting Kids in Classroom
- New Mexico Court Upholds $165M Damage Awards in FedEx Crash
- Spring Colorado Snowstorm Knocks out Power for 210K
- NTSB Says Cause of Arizona Helicopter Crash Still Uncertain
- Arson Probe After 14 Homes Being Built in Arizona Destroyed
- Florida DFS Posts Autopsy Reports on 18 Insolvent Insurers, 2012-2017
- Grand Jury Indicts Former Georgia Insurance Commissioner Oxendine on Fraud Charges
- Hearing Scheduled on Damages Owed by Mississippi Ex-Cop Who Killed Mother of Four
- Florida Insurance Groups Divided on Proposed Special Session Bill
- Florida Appeals Court Slashes $600,000 Attorney Fee on $52,000 Claim
- Pharmacy Owners Sentenced in ‘Astonishing’ $174M Cream Scheme
- People Moves: Alliant Adds Chenoweth in Texas; Stonetrust Names Contreras, Boman to Underwriting Team
- Texas Division of Workers’ Comp Accepting Public Comment on 3 Forms
- Texas AG Lawsuit Claims Google ‘Private Browsing’ Mode Not Really Private
- Family Dollar Closing Arkansas Distribution Center Following Rodent Lawsuit
- Texas Man Sentenced for Hotel Investment Fraud Scheme
- Texas Division of Workers’ Comp Adopts Income Benefits Form
- People Moves: Holmes Murphy Adds Boberg in Minneapolis; Hershey Promotes Sinutko to VP of Commercial Lines
- Minnesota College Student Awarded $111M in Personal Injury Case
- Rare Northern Michigan Tornado Kills 2, Injures More than 40
- Explosion at Wisconsin Marine Construction Company Injures 6
- Minneapolis to Pay $1.5M to Man Arrested During George Floyd Protest
- St. Louis Assistant Chief to Receive $162,000 in Discrimination Settlement
National News
- D.C. Sues Zuckerberg Over Cambridge Analytica Data Breach
- Do Claims Against Musk Raise a Legal Issue for His Companies and Twitter Deal?
- Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase
- Data Breach-Related Securities Suit Filed Against Cyber Firm Okta
- FDA Says Abbott Baby Formula Plant on Track to Reopen in 1-2 Weeks
- 3M Ordered to Pay $77.5 Million to Veteran in Latest Earplug Trial
- Costlier Errors: Legal Malpractice Claims Severity Keeps Rising
- Global Power Grids Face Biggest Test in Decades With Summer Blackouts Expected
- Workers’ Comp: A Shining Star in the P/C Sky, But the Future Is Less Bright as Workforce Changes
East News
- Loudoun School Sues to Halt Grand Jury Work
- YES and No: New York’s Yankees Network Sues Insurer to Recover COVID Losses
- Forest Fire in Northern New Hampshire Nearly Contained
- Man Who Sued InfoWars’ Jones Among Victims of Massachusetts Fire
- Markets/Coverages: Maryland’s Residual Insurer Ups Limits for Commercial Drivers
- ‘Borat’ Actor Cohen Drops $9M Suit Against Cannabis Company Over Billboard
Midwest News
- People Moves: Holmes Murphy Adds Boberg in Minneapolis; Hershey Promotes Sinutko to VP of Commercial Lines
- Minnesota College Student Awarded $111M in Personal Injury Case
- Rare Northern Michigan Tornado Kills 2, Injures More than 40
- Explosion at Wisconsin Marine Construction Company Injures 6
- Minneapolis to Pay $1.5M to Man Arrested During George Floyd Protest
- St. Louis Assistant Chief to Receive $162,000 in Discrimination Settlement
Financial Firms Face $225B Losses From Water Risks
Flood, drought or pollution are growing issues for businesses.
Texas / South Central News
- People Moves: Alliant Adds Chenoweth in Texas; Stonetrust Names Contreras, Boman to Underwriting Team
- Texas Division of Workers’ Comp Accepting Public Comment on 3 Forms
- Texas AG Lawsuit Claims Google ‘Private Browsing’ Mode Not Really Private
- Family Dollar Closing Arkansas Distribution Center Following Rodent Lawsuit
- Texas Man Sentenced for Hotel Investment Fraud Scheme
- Texas Division of Workers’ Comp Adopts Income Benefits Form
Southeast News
- Florida Senate Committee Passes Insurance Market Rescue Bill 19-2
- Court Blocks Bulk of Florida’s New Social Media Law as Free Speech Violation
- Florida DFS Posts Autopsy Reports on 18 Insolvent Insurers, 2012-2017
- Grand Jury Indicts Former Georgia Insurance Commissioner Oxendine on Fraud Charges
- Hearing Scheduled on Damages Owed by Mississippi Ex-Cop Who Killed Mother of Four
- Florida Insurance Groups Divided on Proposed Special Session Bill
Reinsurer Steers Clear of Florida
Swiss Re leery of Sunshine State’s inadequate prices.
West News
- Nevada Ending Emergency Declarations, Business Restrictions for Pandemic
- Takeaways from Our Conversation on Cannabis Lounges
- New Mexico Wildfire Evacuees Worry About Their Future
- California Teacher Suspected of Molesting Kids in Classroom
- New Mexico Court Upholds $165M Damage Awards in FedEx Crash
- Spring Colorado Snowstorm Knocks out Power for 210K
International & Reinsurance News
- Memo to Brokers: Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator
- Volkswagen Targeted in Court Case That Seeks to Eliminate Polluting Cars by 2030
- Swiss Re and UBS Among Founding Buyers of Credits From Carbon Removal Scheme
- HSBC Banker Suspended After Playing Down Financial Risks of Climate Change
- Insurer Aspen Completes $3.12B Loss Portfolio Transfer With Run-Off Specialist Enstar
- Insurer FWD Wins Approval for Hong Kong IPO
- Global Power Grids Face Biggest Test in Decades With Summer Blackouts Expected
- British Insurance Brokers’ Assn., Allianz Create Digital Guide to Combat Underinsurance
- People Moves: Guy Carpenter Names N. America GC Access Exec Team; Marsh Promotes Perry for Political Risk & Structured Credit; WTW’s Hodgkinson to Join BMS Asia
Insurance Journal Blogs and Columns
- Insurance Agents Should Promote Business Service Bonds
- How States Regulate or Limit MGA Non-Commission Fees: A Sample
- Cross-Selling Opportunities in Commercial Surety
- Florida’s Failing Insurers – Who’s Next?
- It’s Demolition Time: Tear Down Your Information and Workflow Silos
- Obtaining a Carrier Appointment as a New Insurance Agency
Quote of Note
"We believe that COVID has resulted in a flight to quality and we are benefiting from this market dynamic."
More QuotesPeter Zaffino, AIG president and chief operating officer
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Hagerty, Inc. | HGTY | $9.91 | +7.95% |
| Trean Insurance Group, Inc. | TIG | $6.55 | +6.85% |
| NI Holdings, Inc. | NODK | $16.34 | +3.42% |
| HCI Group, Inc. | HCI | $66.64 | +3.14% |
| Tiptree Inc. | TIPT | $10.75 | +2.97% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Trupanion, Inc. | TRUP | $62.76 | -2.70% |
| Kingstone Companies, Inc. | KINS | $4.45 | -1.77% |
| RLI Corp. | RLI | $115.39 | -1.66% |
| Lemonade, Inc. | LMND | $20.73 | -1.61% |
| Universal Insurance Holdings, Inc. | UVE | $12.16 | -1.06% |
