Grace Ocean and Synergy Marine settled wrongful death suits with families of six killed.
Cost savings are broadly falling short of projections, said a survey by Bain & Co.
- AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says
- Shipper Escapes $41.9M Award for Man Paralyzed When Lights Fell From Pallet on Him
- Amazon’s Ring Sued Over Facial Recognition Feature
- AIG’s Turnaround Under Zaffino Sets Stage for New Leadership
- Warmer World Means Bigger Hail and More Damage, Study Finds
- Roof Costs Soar Even as Claims Decline: Verisk
- Shipper Escapes $41.9M Award for Man Paralyzed When Lights Fell From Pallet on Him
- Northeast States Sue Trump Administration Over Offshore Wind Farm Cancellation
- GE Vernova Must Continue Vineyard Wind Work While Payment Issues Play Out
- Rikers Correction Officer Lied to Obtain Workers’ Compensation Benefits
- Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims
- New Hampshire Sends Message to Drivers Using Hand-Held Electronic Devices
- Sentry to Sponsor PGA Tournament at Torrey Pines
- Report Calls for Transparency, Modernization of Washington Fire Scoring Bureau
- California Suing Former 23andMe Firm for 2023 Data Breach
- Southern California Property Fight That Hit Several Banks Spurs $1.34B Award
- Insurance Platform Corgi Valued at $2.6B in Funding Round
- California Overhauls Carbon Market Over Affordability Concerns
- Florida’s Sypher Insurance Exchange Gets COA and a BBB Strength Rating
- Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings
- Social Media Companies to Pay $27M to Settle Kentucky School District’s Lawsuit
- Florida Sues OpenAI, Sam Altman Over Chatbot Safety Concerns
- People Moves at Alfa, Alliant in the Southeast
- Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards
- ANV Acquires Texas’ SCIS
- People Moves: Holmes Murphy Hires Cointment as Sr. Client Executive, Surety
- Dallas Firefighters Were Responding to Gas Leak Before Deadly Apartment Blast
- Corpus Christi Considers Building Desalination Plant
- Corpus Christi Focuses on Delaying Looming Water Crisis
- Tesla Reveals Its Texas Robotaxi Fleet Is Dwarfed by Waymo’s
- People Moves: HUB Appoints Bloemers as National Chief Cross-Sell Officer
- Sentry to Sponsor PGA Tournament at Torrey Pines
- People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors
- Illinois Night Club to Pay $200K in Sex and Race Discrimination Case
- Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
- Pollution and Forever Chemicals Threaten Health of Michigan’s Rivers
National News
- Warmer World Means Bigger Hail and More Damage, Study Finds
- Anthropic Offers Mythos Model Access to 150 Additional Groups
- M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring
- People Moves: AXIS Appoints Su to Lead Alternative Risk, NA; Bloemers Hub’s New Chief Cross-Sell Officer; BHSI Names Wyatt Head of Marine for NA, UK
- Amazon’s Ring Sued Over Facial Recognition Feature
- Judge Blocks Trump Administration From Breaking Up Climate Research Center
East News
- Shipper Escapes $41.9M Award for Man Paralyzed When Lights Fell From Pallet on Him
- Northeast States Sue Trump Administration Over Offshore Wind Farm Cancellation
- GE Vernova Must Continue Vineyard Wind Work While Payment Issues Play Out
- Rikers Correction Officer Lied to Obtain Workers’ Compensation Benefits
- Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims
- New Hampshire Sends Message to Drivers Using Hand-Held Electronic Devices
Midwest News
- People Moves: HUB Appoints Bloemers as National Chief Cross-Sell Officer
- Sentry to Sponsor PGA Tournament at Torrey Pines
- People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors
- Illinois Night Club to Pay $200K in Sex and Race Discrimination Case
- Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
- Pollution and Forever Chemicals Threaten Health of Michigan’s Rivers
Schools claim addiction to social media platforms disrupted learning and forced them to spend on a mental health crisis.
Texas / South Central News
- ANV Acquires Texas’ SCIS
- People Moves: Holmes Murphy Hires Cointment as Sr. Client Executive, Surety
- Dallas Firefighters Were Responding to Gas Leak Before Deadly Apartment Blast
- Corpus Christi Considers Building Desalination Plant
- Corpus Christi Focuses on Delaying Looming Water Crisis
- Tesla Reveals Its Texas Robotaxi Fleet Is Dwarfed by Waymo’s
Southeast News
- Florida’s Sypher Insurance Exchange Gets COA and a BBB Strength Rating
- Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings
- Social Media Companies to Pay $27M to Settle Kentucky School District’s Lawsuit
- Florida Sues OpenAI, Sam Altman Over Chatbot Safety Concerns
- People Moves at Alfa, Alliant in the Southeast
- Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards
The technology may be maturing faster than the operating models around it, said AM Best.
West News
- Sentry to Sponsor PGA Tournament at Torrey Pines
- Report Calls for Transparency, Modernization of Washington Fire Scoring Bureau
- California Suing Former 23andMe Firm for 2023 Data Breach
- Southern California Property Fight That Hit Several Banks Spurs $1.34B Award
- Insurance Platform Corgi Valued at $2.6B in Funding Round
- California Overhauls Carbon Market Over Affordability Concerns
International & Reinsurance News
- Still Too Risky to Move Seafarers From Gulf, UN Agency Boss Says
- Ship Operators Urge Clear Rules to Return Hormuz to Normal
- Viewpoint: How Climate Change Is Creating Uninsurable Areas Across Europe
- Business Moves: WTW Buys Redefind to Boost Access to Crypto and Digital Asset Insurance Offering; ASR Agrees to Strategic Investment From PE Firm Vitruvian Partners
- People Moves: Markel Int’l Promotes McCarthy as MD of Marine, Energy and Construction Division in London; Gallagher Re Names Key Leaders of Programs Solutions Team
- Israel Expands Lebanon Assault With Iran-US Talks in Balance
Insurance Journal Blogs and Columns
- Renewals Don’t Have to Be a Fire Drill
- Cut Manual Work: Insurance Operations Automation with EZLynx
- Securing Favorable Terms on Unbundled Business Auto Coverage
- Cotality’s Focus on Interoperability: Producing End-to-End Trust for Insurance and Restoration
- How AI Is Reshaping the Independent Insurance Agency
- The Hidden Insurance Risks of Ultra-Processed Foods
Sponsored Newswire
More Sponsored NewswiresQuote of Note
"Certainly, claims — with all of their moving parts in all of the lines of business — still present compliance challenges."
More Quotes Kathy Donovan, lead researcher for Wolters Kluwer, on P/C insurers' top market conducts mistakes.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $5.13 | +24.13% |
| Root, Inc. | ROOT | $57.42 | +10.30% |
| Goosehead Insurance, Inc. | GSHD | $36.65 | +6.57% |
| Reliance Global Group, Inc. | EZRA | $4.11 | +4.58% |
| Ryan Specialty Holdings, Inc. | RYAN | $33.11 | +3.96% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Neptune Insurance Holdings Inc. | NP | $26.25 | -6.48% |
| Bowhead Specialty Holdings Inc. | BOW | $25.95 | -2.52% |
| Universal Insurance Holdings, Inc. | UVE | $36.24 | -2.11% |
| HCI Group, Inc. | HCI | $151.19 | -1.87% |
| Enact Holdings, Inc. | ACT | $41.09 | -1.68% |