Cyber Insurers Curb Appetite as Losses Mount
Insurers are changing their limits, coverage and pricing the face of hefty payouts
Rise in Demand Could Break Premium Records
Swiss Re expects premiums to grow by 3.4% in 2021, 3.3% in 2022 and 3.1% in 2023.
- How Personal Lines Insurance Sector Will Fare in 2022
- Insurers Taking Note of Big Verdicts, But Trial Lawyers Say Don’t Count on Changes
- Walmart Said She Shoplifted; Jury Awards Her $2.1 Million
- Construction Industry Faces ‘New Age’ Risks Along with Strong Growth Outlook
- Gallagher Completes $3.25B Purchase of Willis’ Treaty Reinsurance Brokerage Business
- Louisiana Insurers Face $100 Million Assessment Fee after Ida-Related Insolvencies
- New York Man Indicted for Workers’ Comp Insurance Fraud Scheme
- Ten Maine Communities Working Together to Prevent Flooding
- World Insurance Associates Acquires New Jersey’s Coe-Brooke Insurance Agency
- Virginia School District Suit Settled Over Treatment of Students with Disabilities
- New York Seeks Monitor to Oversee Amazon Worker Safety
- Risk Strategies Acquires New Jersey’s KRA Insurance Agency
- California Autonomous Delivery Service Rolling out from Nuro, 7-Eleven
- $3.5M Police Wrongful-Death Suit Settled in Washington
- People Moves: PCF in Utah Adds O’Hara, Banyai and Marino
- Ryan Specialty Acquires Crouse and Associates in California
- The Liberty Company Insurance Brokers Acquires D.E.P. in California
- New Mexico Sees Lower Costs Worker’s Comp Insurance
- 14 Insurers Pressing Lawsuit vs. Park Service After Gatlinburg Wildfires
- Florida Appeals Court Rejects Insurer’s Attempt to ‘Retry the Claim’
- Walmart Said She Shoplifted; Jury Awards Her $2.1 Million
- Insurers Taking Note of Big Verdicts, But Trial Lawyers Say Don’t Count on Changes
- Brightway, Guard Expand in Southeast States
- Tennessee Approves 5.6% Cut in Workers’ Comp Loss Costs; COVID Impact Uncertain
- Louisiana Insurers Face $100 Million Assessment Fee after Ida-Related Insolvencies
- Hub Acquires Texas’ Catto & Catto
- Texas Barge Company to Pay More Than $15 Million Over Oil Spill
- DOJ, Texas Church Shooting Victims At Odds Over How Much Air Force Owes
- Marsh McLennan Acquires Texas-Based Insource
- Louisiana Department of Insurance to Hold Second Ida Relief Resource Center
- Wife of Injured Kansas Officer Settles with Auto Dealership
- Michigan Abandons Oil Pipeline Suit, Refocuses on Separate Case
- Nebraska Jury Awards $26 Million in Malpractice Lawsuit
- Families of Two Illinois College Students Killed at Astroworld Concert File Lawsuits
- Nebraska Garage Fire Destroys More than $1 Million in Vintage Cars, Motorcycles
- People Moves: Lockton Names Roberts COO of Midwest Operations; Alliant Hires Healey
National News
- How Personal Lines Insurance Sector Will Fare in 2022
- Construction Industry Faces ‘New Age’ Risks Along with Strong Growth Outlook
- Fed’s Powell Prepares for Possible Pivot With Inflation Risks Rising
- Climate Report: ‘Lo- to No- Snow’ Will Worsen Water Shortages in U.S. West
- Update on Court Challenges to Biden Covid Vaccine Rules
- Four Employees Sue Claiming Bristol Myers Refused Vaccine Religious Exemptions
- Joyn Insurance Goes Live With E&S Offerings in 28 States
East News
- New York Man Indicted for Workers’ Comp Insurance Fraud Scheme
- Ten Maine Communities Working Together to Prevent Flooding
- World Insurance Associates Acquires New Jersey’s Coe-Brooke Insurance Agency
- Virginia School District Suit Settled Over Treatment of Students with Disabilities
- New York Seeks Monitor to Oversee Amazon Worker Safety
- Risk Strategies Acquires New Jersey’s KRA Insurance Agency
Midwest News
- Wife of Injured Kansas Officer Settles with Auto Dealership
- Michigan Abandons Oil Pipeline Suit, Refocuses on Separate Case
- Nebraska Jury Awards $26 Million in Malpractice Lawsuit
- Families of Two Illinois College Students Killed at Astroworld Concert File Lawsuits
- Nebraska Garage Fire Destroys More than $1 Million in Vintage Cars, Motorcycles
- People Moves: Lockton Names Roberts COO of Midwest Operations; Alliant Hires Healey
Commercial Auto Improved Results in 2020
AM Best reports the combined ratio for 2020 improved to 101.8 from 109.3 in 2019.
Texas / South Central News
- Louisiana Insurers Face $100 Million Assessment Fee after Ida-Related Insolvencies
- Hub Acquires Texas’ Catto & Catto
- Texas Barge Company to Pay More Than $15 Million Over Oil Spill
- DOJ, Texas Church Shooting Victims At Odds Over How Much Air Force Owes
- Marsh McLennan Acquires Texas-Based Insource
- Louisiana Department of Insurance to Hold Second Ida Relief Resource Center
Southeast News
- 14 Insurers Pressing Lawsuit vs. Park Service After Gatlinburg Wildfires
- Florida Appeals Court Rejects Insurer’s Attempt to ‘Retry the Claim’
- Walmart Said She Shoplifted; Jury Awards Her $2.1 Million
- Insurers Taking Note of Big Verdicts, But Trial Lawyers Say Don’t Count on Changes
- Brightway, Guard Expand in Southeast States
- Tennessee Approves 5.6% Cut in Workers’ Comp Loss Costs; COVID Impact Uncertain
Where Prices Will and Won’t Moderate
Willis Towers Watson says some rate decreases could begin in 2022’s second quarter.
West News
- California Autonomous Delivery Service Rolling out from Nuro, 7-Eleven
- $3.5M Police Wrongful-Death Suit Settled in Washington
- People Moves: PCF in Utah Adds O’Hara, Banyai and Marino
- Ryan Specialty Acquires Crouse and Associates in California
- The Liberty Company Insurance Brokers Acquires D.E.P. in California
- New Mexico Sees Lower Costs Worker’s Comp Insurance
International & Reinsurance News
- European Insurers Wary of Rising Threat of Sanctions Against Nord Stream 2 Pipeline
- Chubb and Chile Insurtech Betterfly Form Partnership for LatAm Offering
- Howden Acquires UK Specialist Broker Ross Insurance Group
- Arthur J. Gallagher & Co. Buys Australia’s Sound Insurance Services
- Convex Europe Receives UK Regulatory Approval
- Willis Towers Watson Launches Industry Risk Forum for Ports and Terminals
- People Moves: Hartford’s Pasterfield Named CEO of MS Amlin Business Services; Former Morrison Chair Higginson to Lead Ardonagh Retail Unit in UK
Insurance Journal Blogs and Columns
- Unusual Weather We’re Having, Ain’t It?
- Five ways to help small businesses get ahead of holiday risks
- How to Get Your First Bond, Part 1
- CARES ACT Accommodations: A Success Story for Insurance Risk Scores
- Protecting your marine clients with the right carrier partnerships
- Insurance leaders agree on challenges facing the industry
Sponsored Newswire
More Sponsored NewswiresQuote of Note
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| United Fire Group, Inc. | UFCS | $21.82 | +4.30% |
| United Insurance Holdings Corp. | UIHC | $4.24 | +2.66% |
| The Hanover Insurance Group, Inc. | THG | $124.16 | +1.98% |
| Unico American Corporation | UNAM | $3.14 | +1.75% |
| Heritage Insurance Holdings, Inc. | HRTG | $6.74 | +1.20% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $3.60 | -9.55% |
| Trupanion, Inc. | TRUP | $112.14 | -9.07% |
| Lemonade, Inc. | LMND | $45.05 | -8.90% |
| Hippo Holdings Inc. | HIPO | $3.48 | -4.92% |
| Trean Insurance Group, Inc. | TIG | $8.11 | -3.57% |
