Auto Insurance Shopping – and Switching – Increases
Consumers shop for auto insurance more than ever, and are switching carriers.
Reinsurance Renewals Very Challenging: MMC’s Doyle
January renewals saw global property cat rate increases of 25% to 60%.
- Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes
- Pennsylvania Gov. Shapiro Orders Professional Licensing Streamlining
- Update: ION Trading UK Indicates Cyber Attack Could Take 2-3 Days to Resolve
- Freddie Mac Accepts KBRA Ratings, Giving Fla. Agents, Mortgagees More Options
- Gas Stoves Are Back Under Scrutiny With New Limits Proposed
- Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida
- Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach
- Judge Allows New Jersey Town’s Suit to Recover $21M Spent on Beach Restoration
- Ransomware Attack Closes Nantucket Schools
- Judge Stays New Jersey Law Allowing AG Lawsuits Against Gun Industry
- Pennsylvania Gov. Shapiro Orders Professional Licensing Streamlining
- OSHA Cites Connecticut Contractor for Worker’s Death in Trench Collapse
- PG&E to Face Manslaughter Trial Over Deadly California Fire
- Family of Ugandan Awarded $10.5M for Utah Park Death
- Washington Insurance Commissioner Fines Producers, Insurers
- University of California Fires Swim Coach over Misconduct, Harassment Allegations
- California Lawsuit Seeks Damages for Unarmed Mentally Ill Man Shot in Back
- People Moves: LP Adds Richesin in California; Buckner Appoints New Executives
- Kentucky Tornado Relief Payments Come Under Scrutiny
- Mississippi Pet Insurance Bill Fur Real This Time, Senators Say
- North Carolina Rate Bureau Files for 28% Increase in Auto Insurance Rates
- Ethics Panel Recommends Georgia Appeals Court Judge Be Removed From Office
- Freddie Mac Accepts KBRA Ratings, Giving Fla. Agents, Mortgagees More Options
- Wheelchair-Bound Woman Injured While Boarding Flight Has Died a Year Later
- Police Settle La. Suit Over 2020 Beating of Black Man
- Texas Winter Storm Cancels Flights, Keeps Thousands Without Power
- McClenny Moseley Sanctioned by 3rd La. Judge for Duplicate Filings
- PCF Acquires Louisiana’s Oak Point Risk Advisors
- Texas Winter Storm Causes 3rd Day of Dangerous, Icy Conditions
- Texas Winter Storm Brings Slick Roadways, Power Outages
- People Moves: Beavers promoted to VP of Client Solutions at RYZE Claim Solutions; Alera Appoints Midwest Regional Managing Director
- Illinois Supreme Ct.: 5-Year Statute of Limitations Applies to Biometric Privacy Claims
- OSHA Fines Missouri Company After Worker’s Death
- Univ. of Minnesota Football Players’ Discrimination Lawsuit Dismissed
- Kansas High Court Reverses $3.4M Bad Faith Judgment Against Insurer
- Michigan Plastics Manufacturer to Pay $663K Over Forever Chemicals Violations
National News
- Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
- Amazon Fined for Worker Safety Violations in Three States
- FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal
- U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION
- Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close
- People Moves: DUAL Hires Chief Risk Officer, Actuarial Lead; Allianz Nabs Chubb COO to Head N.A. Financial Lines
- Workers Comp Insurtech Pie Transitions to Full-Stack Carrier
East News
- Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach
- Judge Allows New Jersey Town’s Suit to Recover $21M Spent on Beach Restoration
- Ransomware Attack Closes Nantucket Schools
- Judge Stays New Jersey Law Allowing AG Lawsuits Against Gun Industry
- Pennsylvania Gov. Shapiro Orders Professional Licensing Streamlining
- OSHA Cites Connecticut Contractor for Worker’s Death in Trench Collapse
Midwest News
- People Moves: Beavers promoted to VP of Client Solutions at RYZE Claim Solutions; Alera Appoints Midwest Regional Managing Director
- Illinois Supreme Ct.: 5-Year Statute of Limitations Applies to Biometric Privacy Claims
- OSHA Fines Missouri Company After Worker’s Death
- Univ. of Minnesota Football Players’ Discrimination Lawsuit Dismissed
- Kansas High Court Reverses $3.4M Bad Faith Judgment Against Insurer
- Michigan Plastics Manufacturer to Pay $663K Over Forever Chemicals Violations
Castle Key to Drop 33,000 Fla. Condo Policies
The Allstate company sent a letter to agents this month.
Texas / South Central News
- Police Settle La. Suit Over 2020 Beating of Black Man
- Texas Winter Storm Cancels Flights, Keeps Thousands Without Power
- McClenny Moseley Sanctioned by 3rd La. Judge for Duplicate Filings
- PCF Acquires Louisiana’s Oak Point Risk Advisors
- Texas Winter Storm Causes 3rd Day of Dangerous, Icy Conditions
- Texas Winter Storm Brings Slick Roadways, Power Outages
Southeast News
- Kentucky Tornado Relief Payments Come Under Scrutiny
- Mississippi Pet Insurance Bill Fur Real This Time, Senators Say
- North Carolina Rate Bureau Files for 28% Increase in Auto Insurance Rates
- Ethics Panel Recommends Georgia Appeals Court Judge Be Removed From Office
- Freddie Mac Accepts KBRA Ratings, Giving Fla. Agents, Mortgagees More Options
- Wheelchair-Bound Woman Injured While Boarding Flight Has Died a Year Later
A Class-Action Wave Is Coming for ESG Claims
Lawyers are bracing for an increase in ESG-related cases.
West News
- PG&E to Face Manslaughter Trial Over Deadly California Fire
- Family of Ugandan Awarded $10.5M for Utah Park Death
- Washington Insurance Commissioner Fines Producers, Insurers
- University of California Fires Swim Coach over Misconduct, Harassment Allegations
- California Lawsuit Seeks Damages for Unarmed Mentally Ill Man Shot in Back
- People Moves: LP Adds Richesin in California; Buckner Appoints New Executives
International & Reinsurance News
- Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
- Hackers of ION Trading Also Hit UK Postal Service, Canada Hospital, U.S. Local Agencies
- Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report
- Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200
- Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners
- Airbus and Qatar Airways Settle Bitter Dispute Over Grounded A350 Jets
Insurance Journal Blogs and Columns
- Surety Bonds Offer Protections and Economic Benefits to Both Public and Private Sector Construction
- Bridger Insurance Services and AgentSync Pioneer Operational Efficiencies
- Construction Industry Outlook 2023: Pivot to Pursue Growth in the Face of Macroeconomic Headwinds
- The History of Health Insurance: Past, Present, and Future
- How Agentsync Helps Insurance Producers and Adjusters Manage Carrier Requirements for Paper Licensing
- Insurance and the Inflation Reduction Act of 2022
Sponsored Newswire
More Sponsored NewswiresQuote of Note
Ransomware has become a scourge on nearly every facet of our lives, and it's a prime example of the vulnerabilities that are emerging as our digital and our physical infrastructure increasingly converge.
More QuotesJen Easterly, director of the Cybersecurity and Infrastructure Security Agency.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $7.34 | +19.93% |
| Lemonade, Inc. | LMND | $18.83 | +12.75% |
| Hippo Holdings Inc. | HIPO | $19.71 | +11.54% |
| Trupanion, Inc. | TRUP | $67.82 | +10.87% |
| Goosehead Insurance, Inc | GSHD | $44.79 | +9.46% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Markel Corporation | MKL | $1303.64 | -6.96% |
| W. R. Berkley Corporation | WRB | $66.59 | -3.60% |
| American International Group, Inc. | AIG | $59.03 | -3.59% |
| American Financial Group, Inc. | AFG | $134.78 | -2.35% |
| The Progressive Corporation | PGR | $134.97 | -2.18% |
