Plaintiffs said the Texas Windstorm Insurance Assoc. fraudulently reduced claim estimates.
Allstate’s Large Language Intelligent Ecosystem is the next step of its strategy.
- A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods
- Progressive Boosts Exposure With Football Field Logos at 13 Universities
- China Sentences Evergrande’s Founder Hui to Life for ‘Heinous’ Crime
- North Carolina Banned Litigation Funding but Other States Not Following Suit
- CIAB Survey: Overall Soft Market Conditions Continue in Q2
- Zuckerberg Did Not Make Child Safety a Priority at Meta, Former Engineer Testifies
- OpenAI Warns of Confusion as Massachusetts Readies Crackdown
- Police Officer Sentenced for Role With Other Officers in Insurance Fraud Scheme
- People Moves: MEMIC Group Adds 2 to Loss Control Team
- General Contractor Found Not Liable for Subcontractor Employee’s Injury
- Pennsylvania Imposes New Rules to Set Up AI Data Centers in State
- Maine Governor Names Darby as Acting Insurance Chief as Schott Departs
- California Adopts Weaker Home Protection Rules as Wildfires Grow
- Report Shows Growing Silicosis Epidemic Among Quartz Countertop Workers
- Fire-Zone Insurance Broker RockRose Risk Raises $12.5 Million
- A $100 Million Mall Reopening Is a Sign of LA’s Uneven Fire Recovery
- Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins
- Lala Leaves One Dead in Hawaii With Heavy Rain, Wind to Come
- Automakers Paying $11.5M to Settle Mexican Engineers’ Claims of Job Deception
- North Carolina Banned Litigation Funding but Other States Not Following Suit
- One Insurance Agent Wins, Two Others Miss Out in Florida House Races
- People Moves: King Risk Names M&A VP; Tower MSA Hires Chief Legal Officer
- State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review
- People Moves: Lindberg Whistleblower Obusek to Retire After 30 Years With NCDOI
- Texas Homeowners, Industry Collide Over Transmission Lines
- Louisiana Councilwoman Honored for Fortified Roof Gap Funding Program
- Texas to Audit Data Center Projects
- People Moves: TSLA Selects Sandhu as New Executive Director
- People Moves: Alliant Promotes Newman to Managing Director, Energy Operations
- Lightning Sparks Fire at Massive US Fuel Depot on Key Pipeline System
- People Moves: Jewelers Mutual CEO Murphy to Retire at End of 2026; Alexander Named Successor
- Wisconsin Car Dealership Sued for Retaliation
- Burst of New Solar Power Makes Midwest Grid the Biggest in US
- Amazon to Expand Drone Deliveries to Suburban Chicago, Atlanta
- Indiana Attorney General Warns Residents of Scammers Following Storms
- Death Toll From Indiana Floods Up to 7 as Recovery Gets Underway
National News
- CIAB Survey: Overall Soft Market Conditions Continue in Q2
- Zuckerberg Did Not Make Child Safety a Priority at Meta, Former Engineer Testifies
- A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods
- SEC Sues Former Executives of Collapsed Auto Lender Tricolor
- Markets/Coverages: Lockton Launches US Aviation Practice
- Progressive Boosts Exposure With Football Field Logos at 13 Universities
- People Moves: Rhyner to Lead AXIS’ N.A. Financial Lines, Programs
East News
- OpenAI Warns of Confusion as Massachusetts Readies Crackdown
- Police Officer Sentenced for Role With Other Officers in Insurance Fraud Scheme
- People Moves: MEMIC Group Adds 2 to Loss Control Team
- General Contractor Found Not Liable for Subcontractor Employee’s Injury
- Pennsylvania Imposes New Rules to Set Up AI Data Centers in State
- Maine Governor Names Darby as Acting Insurance Chief as Schott Departs
Midwest News
- People Moves: Jewelers Mutual CEO Murphy to Retire at End of 2026; Alexander Named Successor
- Wisconsin Car Dealership Sued for Retaliation
- Burst of New Solar Power Makes Midwest Grid the Biggest in US
- Amazon to Expand Drone Deliveries to Suburban Chicago, Atlanta
- Indiana Attorney General Warns Residents of Scammers Following Storms
- Death Toll From Indiana Floods Up to 7 as Recovery Gets Underway
Munich Re has reclaimed its position from Swiss Re as the largest global reinsurer, said AM Best.
Texas / South Central News
- Texas Homeowners, Industry Collide Over Transmission Lines
- Louisiana Councilwoman Honored for Fortified Roof Gap Funding Program
- Texas to Audit Data Center Projects
- People Moves: TSLA Selects Sandhu as New Executive Director
- People Moves: Alliant Promotes Newman to Managing Director, Energy Operations
- Lightning Sparks Fire at Massive US Fuel Depot on Key Pipeline System
Southeast News
- Automakers Paying $11.5M to Settle Mexican Engineers’ Claims of Job Deception
- North Carolina Banned Litigation Funding but Other States Not Following Suit
- One Insurance Agent Wins, Two Others Miss Out in Florida House Races
- People Moves: King Risk Names M&A VP; Tower MSA Hires Chief Legal Officer
- State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review
- People Moves: Lindberg Whistleblower Obusek to Retire After 30 Years With NCDOI
Swiss Re Institute said there are "severe" consequences to Europe's repeated heat waves.
West News
- California Adopts Weaker Home Protection Rules as Wildfires Grow
- Report Shows Growing Silicosis Epidemic Among Quartz Countertop Workers
- Fire-Zone Insurance Broker RockRose Risk Raises $12.5 Million
- A $100 Million Mall Reopening Is a Sign of LA’s Uneven Fire Recovery
- Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins
- Lala Leaves One Dead in Hawaii With Heavy Rain, Wind to Come
International & Reinsurance News
- Romania Destroys Marine Drone Near Neptun Deep Gas Project: Minister
- Climate Change to Cost London Up to £36 Billion a Year by 2050s
- China Sentences Evergrande’s Founder Hui to Life for ‘Heinous’ Crime
- Legacy Consolidator Marco Capital to Buy Insurance Services Firm Pro Global
- Death of Irish Teens in Crash Prompts Social Media Warning
- Latin American P/C Insurers Enter Softer Market but Earnings Stay Resilient
Insurance Journal Blogs and Columns
- The retention engine hiding in the field
- The Modern Insurance Agency Management System: Essential Features for Growth
- Stay in Your Lane – Part 2
- AI vs. Automation: The Shift That’s Changing Agency Workflows
- How Small Agencies Can Win in Commercial Lines Quoting
- Inside the Risk & Insurance Education Alliance’s Workforce Strategy: What We Learned About Leading a Remote Team
Quote of Note
"The widening global protection gap is a huge opportunity for insurers to fulfill their mandate as risk absorbers and improve societal resilience. In times of crisis, households need risk protection. Insurance is a key tool to help households reduce their financial vulnerability in disruptive environments."
More Quotes Jerome Jean Haegeli, group chief economist, Swiss Re
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $6.81 | +9.23% |
| Root, Inc. | ROOT | $56.46 | +7.97% |
| Global Indemnity Group, LLC | GBLI | $27.18 | +7.26% |
| Goosehead Insurance, Inc. | GSHD | $68.39 | +5.57% |
| The Progressive Corporation | PGR | $217.27 | +4.84% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Skyward Specialty Insurance Group, Inc. | SKWD | $56.40 | -3.49% |
| Horace Mann Educators Corporation | HMN | $50.39 | -2.36% |
| Palomar Holdings, Inc. | PLMR | $126.88 | -2.17% |
| Mercury General Corporation | MCY | $104.31 | -1.89% |
| Cincinnati Financial Corporation | CINF | $168.49 | -1.67% |