The recent outage at Amazon Web Services again raised questions about systemic loss.
The renewal rights of Everest’s retail commercial business total about $2 billion.
- Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
- Catastrophe Bond Investors Told to Brace for Jamaica Payout
- Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s
- Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach
- Japanese Companies Brace for More Attacks as Cybercrimes Climb
- Jamaica Catastrophe Bondholders Now Face Full-Trigger Event
- Trial Starts in $40M Lawsuit by Teacher Shot by 6-Year-Old Student
- Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach
- Massachusetts Survey Identifies Safety Issues for Assisted Living Residences
- Court Dismisses Securities Fraud Charges Against Fashion Designer Cole’s Brother
- Aviva Ventures Backs Indico Data’s Insurance Operations AI
- Virginia’s Lawsuit Against TikTok Gets Green Light to Proceed in State Court
- People Moves: Aspire Promotes Alam to Chief Financial Officer
- ‘Catastrophic’ Hack Underscores Public Defender Security Gaps
- SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims
- Uber Taking on Waymo in San Francisco With Lucid, Nuro Robotaxis
- Arthur J. Gallagher & Co. Acquires Safe T Professionals in Arizona
- Wyoming to Be Hub for US Rare Earth, Critical Mineral Stockpile
- Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls
- Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
- Florida Jury Awards $20 Million in J&J Talcum Powder Mesothelioma Lawsuit
- Rebuilding Begins After Drenching Rains Flood Parts of Central, South Florida
- US Appeals Court Revives $2.5 Billion Opioid Lawsuit in West Virginia
- Administration Backs Off Bid for Atlantic Oil Drilling, But Gulf Still on Table
- EverPeak Launches Workers’ Comp in Arkansas
- Fermi Orders Four Big Nuclear Reactors in Texas
- Lawsuit Leads to Surrender of Texas Physician’s License over Gender-Affirming Care
- Oklahoma Insurance Department’s Fire Classifications Save Homeowners $22M
- Texas Sues Tylenol Makers J&J and Kenvue, Alleging They Hid Drug’s Autism Risks
- AM Best Assigns Credit Rating to Texas’ Dallas Specialty
- South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices
- People Moves: Alliant Names Lapinski to Employee Benefits Group
- EPIC Acquires Illinois’ Price Insurance
- People Moves: Evans Jr. Elected President of Big I Illinois
- AM Best Revises Outlooks to Stable for Members of Illinois’ Pekin Insurance Group
- Intruders Release Mink From Iowa Farm in What Trade Group Calls ‘Terrorist Act’
National News
- ‘Catastrophic’ Hack Underscores Public Defender Security Gaps
- Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24
- US Appeals Court Revives $2.5 Billion Opioid Lawsuit in West Virginia
- Verisk Misses Quarterly Revenue Estimates, Trims 2025 Revenue Forecast
- Mondelez Defeats Greenwashing Lawsuit Over ‘Climate Neutral’ Clif Bar Claim
- People Moves: Tassone Jr. Promoted to AM Specialty CEO; Canopius Names Leftwich US Head of Strategy; FM Hires Erbig as CFO
East News
- Trial Starts in $40M Lawsuit by Teacher Shot by 6-Year-Old Student
- Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach
- Massachusetts Survey Identifies Safety Issues for Assisted Living Residences
- Court Dismisses Securities Fraud Charges Against Fashion Designer Cole’s Brother
- Aviva Ventures Backs Indico Data’s Insurance Operations AI
- Virginia’s Lawsuit Against TikTok Gets Green Light to Proceed in State Court
Midwest News
- South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices
- People Moves: Alliant Names Lapinski to Employee Benefits Group
- EPIC Acquires Illinois’ Price Insurance
- People Moves: Evans Jr. Elected President of Big I Illinois
- AM Best Revises Outlooks to Stable for Members of Illinois’ Pekin Insurance Group
- Intruders Release Mink From Iowa Farm in What Trade Group Calls ‘Terrorist Act’
Robbers on Oct 20 broke into the Louvre and stole objects worth about 88 million euros ($102 million).
Texas / South Central News
- EverPeak Launches Workers’ Comp in Arkansas
- Fermi Orders Four Big Nuclear Reactors in Texas
- Lawsuit Leads to Surrender of Texas Physician’s License over Gender-Affirming Care
- Oklahoma Insurance Department’s Fire Classifications Save Homeowners $22M
- Texas Sues Tylenol Makers J&J and Kenvue, Alleging They Hid Drug’s Autism Risks
- AM Best Assigns Credit Rating to Texas’ Dallas Specialty
Southeast News
- Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls
- Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
- Florida Jury Awards $20 Million in J&J Talcum Powder Mesothelioma Lawsuit
- Rebuilding Begins After Drenching Rains Flood Parts of Central, South Florida
- US Appeals Court Revives $2.5 Billion Opioid Lawsuit in West Virginia
- Administration Backs Off Bid for Atlantic Oil Drilling, But Gulf Still on Table
The rise of catastrophe bonds may now be eroding the market share of reinsurers.
West News
- People Moves: Aspire Promotes Alam to Chief Financial Officer
- ‘Catastrophic’ Hack Underscores Public Defender Security Gaps
- SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims
- Uber Taking on Waymo in San Francisco With Lucid, Nuro Robotaxis
- Arthur J. Gallagher & Co. Acquires Safe T Professionals in Arizona
- Wyoming to Be Hub for US Rare Earth, Critical Mineral Stockpile
International & Reinsurance News
- Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
- Hurricane Melissa Makes Cuba Landfall After Lashing Jamaica
- Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s
- UN Sees World’s Emissions Falling 10% by 2035, Far Short of 60% Goal
- Generali, Natixis Owner Likely to Drop Asset Management Deal, Sources Say
- Vietnam Logs Five Feet of Rain in One Day, Nearing World Record
Insurance Journal Blogs and Columns
- How to Use Content Marketing to Grow Your Insurance Agency
- Applied Acquires Cytora: Supercharging the Digital Roundtrip of Insurance with AI
- Why Ethics CE Matters: Strengthening Professional Standards in Insurance
- A Lost Art: The Submission Letter
- Death and Insurance (Not Taxes), Part 2
- World Acquires Indiana’s ACB
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 |
|---|---|---|---|
| Goosehead Insurance, Inc | GSHD | $73.99 | +1.36% |
| Slide Insurance Holdings, Inc. | SLDE | $15.54 | +0.97% |
| Neptune Insurance Holdings Inc. | NP | $25.69 | +0.75% |
| ProAssurance Corporation | PRA | $24.09 | -0.04% |
| Kingsway Financial Services Inc. | KFS | $14.65 | -0.34% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Brown & Brown, Inc. | BRO | $82.38 | -6.13% |
| Arthur J. Gallagher & Co. | AJG | $267.50 | -4.12% |
| Bowhead Specialty Holdings Inc. | BOW | $24.01 | -3.96% |
| Root, Inc. | ROOT | $78.19 | -3.74% |
| Cincinnati Financial Corporation | CINF | $151.75 | -3.74% |