LA Wildfire Insurance-Loss Estimates Approach $40 Billion
The insured cost of wildfires ravaging swaths of Los Angeles keeps rising.
Texas Lawsuit Alleges Allstate Illegally Collects Driver Data
Texas said the insurer collects data through embedded software in mobile apps.
- EU Is Set to Shrink ESG Reporting Rules Amid French Demands
- Sky Betting Illegally Collected Gambler’s Data, Court Rules
- Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America
- Storm Éowyn Set to Bring ‘Weather Bomb’ to UK and Ireland
- J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case
- Purdue Pharma, Sacklers Reach $7.4B National Opioid Settlement
- J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case
- OSHA Cites Contractor in Death of Worker Who Fell From Boston Theater Scaffold
- People Moves: MEMIC Promotes Holbrook; XS Brokers Hires Dawson
- Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim
- Crown Stolen from Virgin Mary Statue at Philadelphia Church
- Roller Derby League Loses Bid to Temporarily Block Ban on Trans Athletes
- People Moves: CIWA Names New Executive Board and Incoming Members
- Moody’s Expects LA Wildfires to Increase Property Insurance Costs Across State
- KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B
- Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors
- New Wildfires Erupt in California, Forcing Thousands to Evacuate
- Ash Left Behind by LA Wildfires Might Be Toxic, Experts Warn
- Fire Chief Fatally Shot While Helping Couple Whose Car Hit a Deer in Alabama
- Florida, Louisiana Sugarcane Could be Hurt by Winter Storm but Citrus Was Spared
- Does Florida’s 15-Year Roof Age Rule Discourage More Wind-Resistant Products?
- Worst Snowstorm in 130 Years Plunges US South Into Frigid Chaos
- Highstreet Expands Again With Acquisition of Winder Insurance in Georgia
- Growing Concerns About Wildfires in Carolina Thanks to Kindling Left by Helene
- Florida, Louisiana Sugarcane Could be Hurt by Winter Storm but Citrus Was Spared
- Worst Snowstorm in 130 Years Plunges US South Into Frigid Chaos
- Oklahoma Commissioner Unveils OKReady Grant Program Launch Details
- Rare Snow Imperils Texas Gas Exports, Shuts Louisiana Roads
- Texas Regulators Overhaul Oilfield Waste Rule
- Extreme Cold and Record Snowfall to Test Texas Power Grid
- People Moves: Ansay Announces New Leadership Team; Ryan Specialty Adds Budd to Specialty Underwriting Segment
- Ohio Pastor Found Guilty for Violating City Fire Code by Sheltering Homeless
- Descartes Launches Parametric Tornado Coverage for Solar Farms
- Highstreet Acquires Missouri’s Siebert Agency
- South Dakota Bill to Protect Farms From Spying Could Limit Access to Data
- Tropolis Acquires 4 Agencies in Midwest
National News
- Purdue Pharma, Sacklers Reach $7.4B National Opioid Settlement
- US Health Agencies Cancel External Meetings, Travel After Trump Admin Directives
- MLB Orders Employees to Return to Office Five Days a Week
- Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America
- OPTIS: 2024 Insurance Agency M&A Down 10%, Highlighted by 3 Large Deals
- Insurtechs’ Approach to Wildfire Insurance: Part III – Faura
- Cargo Theft Surges to Record Levels in 2024
- People Moves: Zurich NA Appoints Bessette Chief Data Officer; O’Neill Named Head of NFP’s Financial Institutions Group
- KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B
East News
- J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case
- OSHA Cites Contractor in Death of Worker Who Fell From Boston Theater Scaffold
- People Moves: MEMIC Promotes Holbrook; XS Brokers Hires Dawson
- Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim
- Crown Stolen from Virgin Mary Statue at Philadelphia Church
- Roller Derby League Loses Bid to Temporarily Block Ban on Trans Athletes
Midwest News
- People Moves: Ansay Announces New Leadership Team; Ryan Specialty Adds Budd to Specialty Underwriting Segment
- Ohio Pastor Found Guilty for Violating City Fire Code by Sheltering Homeless
- Descartes Launches Parametric Tornado Coverage for Solar Farms
- Highstreet Acquires Missouri’s Siebert Agency
- South Dakota Bill to Protect Farms From Spying Could Limit Access to Data
- Tropolis Acquires 4 Agencies in Midwest
FIO Releases ‘Flawed’ Homeowners Insurance Report
The report has the “most comprehensive data on homeowners insurance in history,” FIO said.
Texas / South Central News
- Florida, Louisiana Sugarcane Could be Hurt by Winter Storm but Citrus Was Spared
- Worst Snowstorm in 130 Years Plunges US South Into Frigid Chaos
- Oklahoma Commissioner Unveils OKReady Grant Program Launch Details
- Rare Snow Imperils Texas Gas Exports, Shuts Louisiana Roads
- Texas Regulators Overhaul Oilfield Waste Rule
- Extreme Cold and Record Snowfall to Test Texas Power Grid
Southeast News
- Fire Chief Fatally Shot While Helping Couple Whose Car Hit a Deer in Alabama
- Florida, Louisiana Sugarcane Could be Hurt by Winter Storm but Citrus Was Spared
- Does Florida’s 15-Year Roof Age Rule Discourage More Wind-Resistant Products?
- Worst Snowstorm in 130 Years Plunges US South Into Frigid Chaos
- Highstreet Expands Again With Acquisition of Winder Insurance in Georgia
- Growing Concerns About Wildfires in Carolina Thanks to Kindling Left by Helene
LA Wildfire Re/Insurance Losses to Be Significant, Manageable
S&P said losses to rated global reinsurers will have no great impact on earnings.
West News
- People Moves: CIWA Names New Executive Board and Incoming Members
- Moody’s Expects LA Wildfires to Increase Property Insurance Costs Across State
- KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B
- Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors
- New Wildfires Erupt in California, Forcing Thousands to Evacuate
- Ash Left Behind by LA Wildfires Might Be Toxic, Experts Warn
International & Reinsurance News
- ‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
- Storm Éowyn Leaves Thousands Without Power, Grounds Flights
- Banks Have Unfair Edge Over Insurers in M&A Race: NN CEO Says
- India Widens Approvals for Russian Insurers After Oil Sanctions
- Sky Betting Illegally Collected Gambler’s Data, Court Rules
- Dutch Willing to Help Insurers Invest in Defense, Minister Says
- Storm Éowyn Set to Bring ‘Weather Bomb’ to UK and Ireland
- Everest Group Names Williamson as Permanent Chief Executive Officer
Insurance Journal Blogs and Columns
- The Difference Between Direct Carrier Appointments and Producer Sub-Codes
- Insurance 101: Do Your Clients Know the Difference Between Homeowners Insurance and Flood Insurance this Hurricane Season?
- 15 Tips on Naming an Insurance Agency
- Regulatory Roundup: Operation Bear Claw, Rampant Deer, and Key Holiday Coverage
- New Law in New Hampshire Creates Private Right of Action For Victims of Deepfakes
- Boosting Insurance Sales Motivation: Tips to Stay Inspired as an Insurance Agent
Quote of Note
If your insurance company is going to increase your premium, you have a right to know why. … This is pretty basic information you should expect from your insurance company, but we hear from hundreds of consumers every year who cannot get a clear, understandable answer on why they're being charged more.
More QuotesMike Kreidler, Washington Insurance Commissioner
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Mercury General Corporation | MCY | $50.09 | +5.03% |
| Root, Inc. | ROOT | $85.09 | +4.82% |
| Lemonade, Inc. | LMND | $33.10 | +4.48% |
| Trupanion, Inc. | TRUP | $48.29 | +3.80% |
| Heritage Insurance Holdings, Inc. | HRTG | $11.28 | +2.55% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| RLI Corp. | RLI | $71.75 | -8.10% |
| Palomar Holdings, Inc. | PLMR | $102.71 | -4.76% |
| Skyward Specialty Insurance Group, Inc. | SKWD | $42.10 | -3.95% |
| W. R. Berkley Corporation | WRB | $56.93 | -3.59% |
| HCI Group, Inc. | HCI | $122.05 | -2.80% |
