US Commercial Rates Up 3% on Hikes in Casualty
Marsh’s Global Insurance Market Index said composite casualty rates increased 10%.
The Data Behind Rising HO Premiums By Peril and State
U.S. home insurers have seen an upward trend in all-peril loss costs the last 7 years.
- Allstate Turns in Net Income of $1.2B After Q3 Hurricanes
- Lemonade Remains in the Red With $68M Loss in Q3
- Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’
- ‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time
- Ship Owner in Baltimore Bridge Collapse Blames Maryland, Others in Liability Case
- Trick or Treat? Lawsuit Alleges Some Hershey Candy Wrappers Contain PFAS
- Court Upholds Firing of Philadelphia Cops Over Offensive Facebook Posts
- Delaware Voters to Elect Insurance Commissioner
- Jaywalking Is Now Legal in New York City. It’s Still Risky.
- Penn Nursing Awarded $3.2 Million Grant to Improve Firearm Storage
- Ship Owner in Baltimore Bridge Collapse Blames Maryland, Others in Liability Case
- Federal Court Upholds New York’s Ban on Guns in Sensitive Places
- Trick or Treat? Lawsuit Alleges Some Hershey Candy Wrappers Contain PFAS
- New York Reduces Workers’ Compensation Assessment Rate for 2025
- Judge Affirms $16.7K in OSHA Penalties Against New York Roofing Contractor
- Los Angeles County Sues PepsiCo and Coca-Cola Over Plastic Pollution
- Washington Farm Labor Contractor Facing $140K in Fines for Withholding Info From Workers
- Delos in California Secures Another $9M Funding
- InterWest Acquires McDermott-Costa Insurance Brokers in California
- California Plans to Rev up Sales of Electric Motorcycles
- NTSB Preliminary Report Details Fiery but Safe Emergency Landing of Plane in Las Vegas
- Insurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court Finds
- ICEYE Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit
- TPG’s Exactech Goes Bankrupt After Lawsuits Over Recalled Implant Devices
- Fla. DFS Offers to Check Contracts With Roofers, Adjusters; Tenn. Eyes Claims Denials
- Helene-Caused IV Fluid Shortage to Affect Surgeries for Weeks
- Former North Carolina Volunteer Fire Chief Charged with Embezzling $155,300
- Landmark Admin Reports Data Breach, Exposing 800,000 Users’ Information
- Texas Pharmacy Owner Sentenced in $41M Health Insurance Fraud
- Louisiana DuPont Plant Fined $480K for Releasing Cancer-Causing Chemical
- Louisiana Fortify Homes Program Waitlist Participants Upgraded to Active Status
- House Explosion Near Dallas Kills 2
- State Farm Settles Immigration Discrimination Case with Justice Department
- Missouri Jury Asked to Award More Than $6B in Preterm Formula Case
- Former Principal of Missouri Boarding School Charged with Sex Crimes Involving Student
- Missouri Farm Cooperative Fined $241K for Lacking Proper Equipment
- Farm Bill Becomes Lightning Rod in Wisconsin Senate Race
- AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual
- Michigan Culver’s Restaurants Sued for Discriminating Against Transgender Employee
National News
- Abbott, Reckitt Score First Victory in Baby Formula Trial
- Companies Are Dropping the D or E From DEI to Avoid Criticism
- Purdue Pharma Nears New Bankruptcy Deal With Sacklers, Mediator Says
- People Moves: Marsh Promotes Lang, Aronson, Rouse in Placement Strategy; Chubb Expands Merna’s Role to Include Multinational Clients
- Allstate Turns in Net Income of $1.2B After Q3 Hurricanes
- OPTIS: Insurance Agency M&A Down 10% This Year
- ‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time
- Companies Boost Social and Climate Reporting Amid ESG Backlash
- Lemonade Remains in the Red With $68M Loss in Q3
- Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic
East News
- Court Upholds Firing of Philadelphia Cops Over Offensive Facebook Posts
- Delaware Voters to Elect Insurance Commissioner
- Jaywalking Is Now Legal in New York City. It’s Still Risky.
- Penn Nursing Awarded $3.2 Million Grant to Improve Firearm Storage
- Ship Owner in Baltimore Bridge Collapse Blames Maryland, Others in Liability Case
- Federal Court Upholds New York’s Ban on Guns in Sensitive Places
- Trick or Treat? Lawsuit Alleges Some Hershey Candy Wrappers Contain PFAS
- New York Reduces Workers’ Compensation Assessment Rate for 2025
- Judge Affirms $16.7K in OSHA Penalties Against New York Roofing Contractor
Midwest News
- Missouri Jury Asked to Award More Than $6B in Preterm Formula Case
- Former Principal of Missouri Boarding School Charged with Sex Crimes Involving Student
- Missouri Farm Cooperative Fined $241K for Lacking Proper Equipment
- Farm Bill Becomes Lightning Rod in Wisconsin Senate Race
- AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual
- Michigan Culver’s Restaurants Sued for Discriminating Against Transgender Employee
La. Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs
Louisiana Senator Bill Cassidy released a report critical of NFIP's Risk Rating 2.0.
Texas / South Central News
- Landmark Admin Reports Data Breach, Exposing 800,000 Users’ Information
- Texas Pharmacy Owner Sentenced in $41M Health Insurance Fraud
- Louisiana DuPont Plant Fined $480K for Releasing Cancer-Causing Chemical
- Louisiana Fortify Homes Program Waitlist Participants Upgraded to Active Status
- House Explosion Near Dallas Kills 2
- State Farm Settles Immigration Discrimination Case with Justice Department
Southeast News
- Insurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court Finds
- ICEYE Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit
- TPG’s Exactech Goes Bankrupt After Lawsuits Over Recalled Implant Devices
- Fla. DFS Offers to Check Contracts With Roofers, Adjusters; Tenn. Eyes Claims Denials
- Helene-Caused IV Fluid Shortage to Affect Surgeries for Weeks
- Former North Carolina Volunteer Fire Chief Charged with Embezzling $155,300
S&P Reveals Top 50 Largest P/C Insurers
State Farm continued to rank No. 1 with nearly $87.6 billion in direct premiums earned.
West News
- Los Angeles County Sues PepsiCo and Coca-Cola Over Plastic Pollution
- Washington Farm Labor Contractor Facing $140K in Fines for Withholding Info From Workers
- Delos in California Secures Another $9M Funding
- InterWest Acquires McDermott-Costa Insurance Brokers in California
- California Plans to Rev up Sales of Electric Motorcycles
- NTSB Preliminary Report Details Fiery but Safe Emergency Landing of Plane in Las Vegas
International & Reinsurance News
- Deadly Spain Floods Show Difficulty of Adapting to Intense Rains
- Typhoon Kong-Rey Hits Taiwan as Shanghai Braces for Downpour
- Spain Declares Three Days of Mourning as Storms Kill More Than 90
- Online Insurer Waterdrop Mulls Secondary Listing in Hong Kong
- Clear Group Acquires UK Broker A-One Insurance Group
- Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic
- People Moves: Rivera Appointed CEO of Marsh McLennan LATAM/Caribbean, Brockman Named Chair; HDI Global Taps AGCS’s Strasser as Board Member for Specialty Lines
Insurance Journal Blogs and Columns
- 6 Essential Skills of an Insurance Agent You Need to Master
- Transforming Cyber and Tech E&O Insurance with Underwriter Link
- Revolutionizing Catastrophe Modeling with CoreLogic’s Navigate™: A Cloud-Based Approach
- Optimizing Policy Renewal and Retention with Selectsys BPO Services: Strategies for Insurance Success
- Insurance Cluster vs. Aggregator: Finding the Right Model for Your Agency
- Top 5 Challenges Faced by MGAs in Managing Multi-Carrier Processes and How to Overcome Them
Quote of Note
"The legal battle over who will ultimately share in paying for losses associated with the pandemic is far from over."
More QuotesA.M. Best in Commercial Lines Outlook 2021
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $68.39 | +68.91% |
| Lemonade, Inc. | LMND | $23.77 | +26.77% |
| Hippo Holdings Inc. | HIPO | $22.17 | +18.24% |
| Tiptree Inc. | TIPT | $20.41 | +3.50% |
| Kingstone Companies, Inc. | KINS | $10.62 | +2.81% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Mercury General Corporation | MCY | $67.63 | -5.89% |
| Ryan Specialty Holdings, Inc. | RYAN | $65.87 | -4.48% |
| Heritage Insurance Holdings, Inc. | HRTG | $10.35 | -3.72% |
| Palomar Holdings, Inc. | PLMR | $89.77 | -3.39% |
| Kingsway Financial Services Inc. | KFS | $8.95 | -2.51% |
