US Nuclear Verdicts Drive Social Inflation to 7%: Swiss Re
There were 27 court cases each awarding more than $100 million in 2023.
ESG Backlash Erupts in Europe on World’s Strictest Rules
Faced with diverging rules between the US and Europe, some companies weigh options.
- Former UPS Driver Wins $238 Million Verdict in Suit Over Firing
- Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says
- US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
- 23andMe Settles Data Breach Lawsuit for $30 Million
- Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B
- Buffett’s Insurance Leader Ajit Jain Sells Large Part of Berkshire Stake
- Court Upholds Mechanic’s $726M Verdict Against ExxonMobil Over Benzene Exposure
- Pittsburgh Offers $500,000 to Settle Bridge Collapse Lawsuits
- Boar’s Head Closing Virginia Plant Linked to Deadly Listeria Outbreak
- Maryland Supreme Court Hears Child Sex Abuse Lawsuit Arguments
- Justin Timberlake Reaches Plea Deal to Resolve Drunken Driving Case
- Plumbing Supply Firm Loses Appeal Over Sales Reps’ Overtime Pay
- California Commissioner Issuing Moratorium on Cancellations for Wildfire Victims
- Cooler Weather in Southern California Helping Wildfire Battle
- Man Charged With Arson in Colorado Wildfire That Destroyed 29 Homes
- Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses
- EverPeak Insurance Launches in Arizona
- How Big Was the Cat? Investigator Warns About Claims of Clogged Toilets
- Senator, Congresswoman Warn of Property Crisis as Climate Change Grips Florida
- Tropical System Moving in Carolinas Monday With Winds, Rain, Floods
- How Big Was the Cat? Investigator Warns About Claims of Clogged Toilets
- Coastal Cities’ Growing Storm Vulnerability Fed by Climate Change and Growth
- Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance
- Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says
- Hurricane Francine Insured Losses to Be Manageable With New Orleans Miss
- Louisiana Commissioner Warns Against Contractor Fraud Post-Hurricane Francine
- Arkansas County and Health Provider to Settle for $6M Over Detainee’s Death
- Coastal Cities’ Growing Storm Vulnerability Fed by Climate Change and Growth
- Texas is Close to Adopting Revised Oil and Gas Waste Rules
- Francine Estimated to Cause $9B in Damage With $1.5B in Insured Losses
- Man Admits Shootings That Damaged Electrical Substations in the Dakotas
- Minnesota Ammunition Manufacturer to Pay $349K Over Clean Air Act Violations
- Michigan Company Sued for Violating Federal Law on Employee Accommodations
- Michigan State Documents Reveal No New Information on Nassar Abuse Scandal
- Low Mississippi River Water Levels Force Barge Companies to Cut Cargo
- People Moves: JM Wilson Promotes Underwriters
National News
- 23andMe Settles Data Breach Lawsuit for $30 Million
- D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer
- Former UPS Driver Wins $238 Million Verdict in Suit Over Firing
- Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases
- McGowan Owner Jackson Takes Reins as Big ‘I’ Chairman
- Walgreens Paying $106.8 Million to Settle Prescription Billing Fraud Charges
East News
- Court Upholds Mechanic’s $726M Verdict Against ExxonMobil Over Benzene Exposure
- Pittsburgh Offers $500,000 to Settle Bridge Collapse Lawsuits
- Boar’s Head Closing Virginia Plant Linked to Deadly Listeria Outbreak
- Maryland Supreme Court Hears Child Sex Abuse Lawsuit Arguments
- Justin Timberlake Reaches Plea Deal to Resolve Drunken Driving Case
- Plumbing Supply Firm Loses Appeal Over Sales Reps’ Overtime Pay
Midwest News
- Man Admits Shootings That Damaged Electrical Substations in the Dakotas
- Minnesota Ammunition Manufacturer to Pay $349K Over Clean Air Act Violations
- Michigan Company Sued for Violating Federal Law on Employee Accommodations
- Michigan State Documents Reveal No New Information on Nassar Abuse Scandal
- Low Mississippi River Water Levels Force Barge Companies to Cut Cargo
- People Moves: JM Wilson Promotes Underwriters
How Social Media Complicates Defamation Claims
When does a claim for defamation begin to accrue in cases involving content on social media?
Texas / South Central News
- Hurricane Francine Insured Losses to Be Manageable With New Orleans Miss
- Louisiana Commissioner Warns Against Contractor Fraud Post-Hurricane Francine
- Arkansas County and Health Provider to Settle for $6M Over Detainee’s Death
- Coastal Cities’ Growing Storm Vulnerability Fed by Climate Change and Growth
- Texas is Close to Adopting Revised Oil and Gas Waste Rules
- Francine Estimated to Cause $9B in Damage With $1.5B in Insured Losses
Southeast News
- Senator, Congresswoman Warn of Property Crisis as Climate Change Grips Florida
- Tropical System Moving in Carolinas Monday With Winds, Rain, Floods
- How Big Was the Cat? Investigator Warns About Claims of Clogged Toilets
- Coastal Cities’ Growing Storm Vulnerability Fed by Climate Change and Growth
- Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance
- Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says
Climate Losses Batter Insurers While Reinsurers Step Back
Reinsurers have ramped up their prices and are demanding more favorable terms.
West News
- California Commissioner Issuing Moratorium on Cancellations for Wildfire Victims
- Cooler Weather in Southern California Helping Wildfire Battle
- Man Charged With Arson in Colorado Wildfire That Destroyed 29 Homes
- Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses
- EverPeak Insurance Launches in Arizona
- How Big Was the Cat? Investigator Warns About Claims of Clogged Toilets
International & Reinsurance News
- UK to Classify Data Centers as ‘Critical National Infrastructure’
- EU Navy Starts Towing Stricken Red Sea Oil Tanker Hit by Houthis
- Shanghai Slammed by Strongest Typhoon to Hit City Since 1949
- Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases
- Musk Calls Australian Government ‘Fascists’ Over Misinformation Law
- Update: Flood Death Toll Rises in Europe With More Heavy Rain Forecast
- People Moves: Lillelund Named CEO of AGCS; Ardonagh Names Allianz’s Mitchell for Growth in Asia; Carbon Taps Asta’s Gallagher as Head of Syndicate Mgmt.
Insurance Journal Blogs and Columns
- In The Line of Fire: Key Insights from the 2024 CoreLogic® Wildfire Risk Report
- Abbreviation for Million and Thousand: K & MM Meaning
- Revolutionize Your Underwriting Process with Underwriter Link: The Ultimate Tool for MGAs and Wholesalers
- The ABCs of Surety Bonds
- Revolutionizing Insurance Management with Selectsys Max and Selectsys Hub
- The Essential Role of BPO in Streamlining Insurance Operations
Sponsored Newswire
- Westfield Bank expands agency banking team through acquisition of top producers
- Arrowhead announces new carrier partnership for New Jersey homeowners
Quote of Note
We've been wondering when the metaphorical dam's going to break, and the product liabilities are going to come out of the woodwork. I feel like we're starting to see the cracks in the foundation happening now, in respect of the product recalls.
More QuotesInsuring Cannabis panelist Jodi Green, an attorney at Miller Nash LLP.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $40.36 | +8.58% |
| Trupanion, Inc. | TRUP | $47.08 | +5.63% |
| Goosehead Insurance, Inc | GSHD | $89.20 | +4.55% |
| Hippo Holdings Inc. | HIPO | $19.56 | +3.66% |
| HCI Group, Inc. | HCI | $100.29 | +3.10% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Skyward Specialty Insurance Group, Inc. | SKWD | $38.88 | -1.07% |
| Berkshire Hathaway Inc. | BRK.A | $671,749.99 | -0.54% |
| Kingsway Financial Services Inc. | KFS | $7.78 | -0.26% |
| Marsh & McLennan Companies, Inc. | MMC | $229.68 | -0.15% |
| American International Group, Inc. | AIG | $73.11 | -0.10% |
