The head of FEMA said states will bear half the costs for responding to natural disasters.
Testimony came from homeowners, adjusters and two of the largest U.S. insurers.
- State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing
- Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss
- Brett Favre’s Defamation Suit Against State Auditor Can Move Forward, Court Says
- 2024 P/C Insurance Combined Ratio Best in More Than a Decade
- In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware
- FEMA Chief Says Agency Will Raise State Burden for Disasters to 50%
- Boy Swept Away as Virginia and Maryland Hit With Heavy Rains and Flooding
- Army Working to Fix Military and Traffic Controllers Communications at DC Airport
- Ex-FDNY Chief Gets 3 Years for Taking Bribes to Fast-Track Safety Inspections
- Pilot’s Lack of Oxygen Cited as Likely Factor in 2023 Private Jet Crash in Virginia
- Davis & Towle Acquires New Hampshire’s Tobey & Merrill Insurance
- In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware
- Edison Plans $6.2 Billion Fire-Prevention Plan After LA Blazes
- Asbestos Clinic in Montana Forced to Close to Pay for BNSF Jury Award
- California DoorDash Driver Pleads Guilty to Stealing $2.5M in Deliveries Scam
- People Moves: Delos Insurance Solutions Names Coffman CRO; Venbrook Promotes Lang
- TIMBY Specialty Launches Warehouse Legal Liability Coverage
- LA County Wildfire Alert Mistakenly Sent to Millions Due to Tech Glitch
- Alabama Lawmakers Approve Additional Legal Protections for Police Officers
- Florida High Court Lets Stand Ruling on Damage Estimates in Supplemental Claims
- DeSantis Signs Law Making Florida 2nd State to Ban Fluoride From Water Systems
- Judge Orders Restoration of Health Program for West Virginia Coal Miners
- Slide Secures $250M Cat Bond as Hurricane Season Looms
- People Moves: CRC Names New Underwriting Leaders and Senior VP
- Louisiana Plant at Center of Environmental Justice Fight Halts Operations
- Texas Sweetens Pitch to CEOs, Boards With New State Protections
- Widow of Arkansas Airport Director Killed in Raid Sues ATF Over Husband’s Death
- People Moves: CRC Names New Underwriting Leaders and Senior VP
- Sweltering Heat Wave Hits US From Dakotas to Texas
- Tesla’s Robotaxi Launch in Texas Faces Scrutiny Over Potential Accident Risks
- Severe Storm Batters St. Louis, Leaving At Least 4 Dead
- Severe Storms Sweep Through Midwest, Leaving Thousands Without Power
- Morton Salt Settles Ohio Discrimination Case With $75,000 Payment
- Sweltering Heat Wave Hits US From Dakotas to Texas
- Coterie Relocating Headquarters to Appleton, Wisconsin
- People Moves: Advocus Names Moore SVP of Illinois Operations
National News
- EPA to Rollback Limits on ‘Forever Chemicals’ in Drinking Water
- Coinbase Hackers Had Access to Customer Data Since January
- Sedgwick Experts Outline Key Workers’ Comp Claims Trends
- Christian Dior Couture Client Data Breached in Cyberattack
- FEMA Chief Says Agency Will Raise State Burden for Disasters to 50%
- People Moves: Zurich NA Promotes Fox to Lead National Accounts, Caminiti CUO
East News
- Boy Swept Away as Virginia and Maryland Hit With Heavy Rains and Flooding
- Army Working to Fix Military and Traffic Controllers Communications at DC Airport
- Ex-FDNY Chief Gets 3 Years for Taking Bribes to Fast-Track Safety Inspections
- Pilot’s Lack of Oxygen Cited as Likely Factor in 2023 Private Jet Crash in Virginia
- Davis & Towle Acquires New Hampshire’s Tobey & Merrill Insurance
- In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware
Midwest News
- Severe Storm Batters St. Louis, Leaving At Least 4 Dead
- Severe Storms Sweep Through Midwest, Leaving Thousands Without Power
- Morton Salt Settles Ohio Discrimination Case With $75,000 Payment
- Sweltering Heat Wave Hits US From Dakotas to Texas
- Coterie Relocating Headquarters to Appleton, Wisconsin
- People Moves: Advocus Names Moore SVP of Illinois Operations
Marsh is asking a judge to stop its rival from stealing air and space insurance clients.
Texas / South Central News
- Louisiana Plant at Center of Environmental Justice Fight Halts Operations
- Texas Sweetens Pitch to CEOs, Boards With New State Protections
- Widow of Arkansas Airport Director Killed in Raid Sues ATF Over Husband’s Death
- People Moves: CRC Names New Underwriting Leaders and Senior VP
- Sweltering Heat Wave Hits US From Dakotas to Texas
- Tesla’s Robotaxi Launch in Texas Faces Scrutiny Over Potential Accident Risks
Southeast News
- Alabama Lawmakers Approve Additional Legal Protections for Police Officers
- Florida High Court Lets Stand Ruling on Damage Estimates in Supplemental Claims
- DeSantis Signs Law Making Florida 2nd State to Ban Fluoride From Water Systems
- Judge Orders Restoration of Health Program for West Virginia Coal Miners
- Slide Secures $250M Cat Bond as Hurricane Season Looms
- People Moves: CRC Names New Underwriting Leaders and Senior VP
Lloyd's CUO said the oversight of delegated underwriting authorities is to make sure they do not drag down the market.
West News
- Edison Plans $6.2 Billion Fire-Prevention Plan After LA Blazes
- Asbestos Clinic in Montana Forced to Close to Pay for BNSF Jury Award
- California DoorDash Driver Pleads Guilty to Stealing $2.5M in Deliveries Scam
- People Moves: Delos Insurance Solutions Names Coffman CRO; Venbrook Promotes Lang
- TIMBY Specialty Launches Warehouse Legal Liability Coverage
- LA County Wildfire Alert Mistakenly Sent to Millions Due to Tech Glitch
International & Reinsurance News
- Lloyd’s Has ‘Laser Focus’ on Oversight of Coverholders to Proactively Avoid Market Risk
- Estonia Says Russia Sent Jet After Attempt to Stop Sanction-Breaking Ship
- Rogue Communication Devices Found in Chinese Solar Power Inverters
- Swiss Re Profits Up Despite Losses from California Wildfires
- Cyberattack-Hit M&S Says Food Availability Improving Every Day
- Christian Dior Couture Client Data Breached in Cyberattack
Insurance Journal Blogs and Columns
- Conflagration’s role in the wildfire equation
- Tired of Waiting on Tickets? There’s a Better Way.
- Is Your Distribution Network Built to Scale?
- Insurance + APIs: How Superior Data Is Key to Distribution Channel Management
- Generative and Agentic AI in Insurance: Breaking Down the Risks and Opportunities
- Smarter Client Communication Starts Here: Transform Your Agency with EZLynx Email Content Assist
Sponsored Newswire
More Sponsored NewswiresQuote of Note
"We may intervene and take further actions where firms do not appear to be meeting our expectations and treating their customers fairly."
More Quotes Financial Conduct Authority (FCA), which has taken eight insurers to court over business interruption policy wordings.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Skyward Specialty Insurance Group, Inc. | SKWD | $61.03 | +2.14% |
| NI Holdings, Inc. | NODK | $12.92 | +0.94% |
| HCI Group, Inc. | HCI | $162.75 | +0.48% |
| Goosehead Insurance, Inc | GSHD | $106.05 | +0.43% |
| Global Indemnity Group, LLC | GBLI | $30.00 | +0.39% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Heritage Insurance Holdings, Inc. | HRTG | $23.56 | -9.28% |
| Root, Inc. | ROOT | $141.20 | -6.02% |
| Lemonade, Inc. | LMND | $31.45 | -3.53% |
| Assurant, Inc. | AIZ | $196.29 | -3.04% |
| Employers Holdings, Inc. | EIG | $48.07 | -2.89% |