The head of FEMA said states will bear half the costs for responding to natural disasters.
AM Best said the decision to retire a NOAA disaster database could be detrimental.
- Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports
- Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B
- Hack of Contractor Was at Root of Massive Federal Data Breach
- Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
- Former Progressive CEO Renwick, 69, Dies
- Kremlin Vows to Defend Its Ships in the Baltic by All Legal Ways
- Fire Damages Popular ‘Pond-to-Table’ Rhode Island Restaurant
- FAA Cuts Newark Flights After Air Traffic Control Issues
- Radio Calls for Help Sent 45 Seconds Before Mexican Ship Hit Brooklyn Bridge
- Judge Rejects Vanguard $40 Million Mutual Fund Settlement, Cites SEC Accord
- DoorDash Expands Driver Savings Pilot Program to Maryland
- Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
- California Security Company Owner Sentenced in $3.4M Workers’ Comp Fraud Case
- People Moves: Golden Bear Names Hohman Chief Underwriting Officer
- Washington Insurance Commissioner Issues $500K in Fines; $250K Fine for Unlicensed Insurer
- State Farm Still Wants a 30% Rate Increase in California
- Alphabet’s Waymo Gets California Nod for Robotaxi Expansion in Bay Area
- Senate Will Try to Block California Vehicle Standards to Phase Out Gas-Powered Cars
- While FEMA Faces Overhaul, Mississippi Tornado Survivors Wait for Assistance
- Lawsuit Says Florida Aviation Firm Didn’t Verify Inspections of Troubled Learjet
- Amazon’s Zoox Expands Robotaxi Trials to Rival Turf in Atlanta
- New Salmonella Outbreak Tied to Same Florida Grower With Cucumbers Last Year
- World Insurance Adds Two Agencies in South Carolina
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Austin Bar to Pay $42K Over Pregnancy Discrimination Lawsuit
- People Moves: CIS Promotes Gardea, Jr., Adds Felder to Leadership Team
- Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Fire Destroys Mansion on a Former Louisiana Sugar Plantation
- Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware
- Shortage of Overnight Truck Parking Blamed for 2023 Fatal Bus Crash in Illinois
- First MainStreet Adds 2 Midwest Agencies
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Train Strikes Family on Ohio Railroad Bridge, Killing 3
- Iowa-Based Ice Cream Manufacturer Issues Recall Over Plastic Concerns
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
National News
- Budget Cuts at EPA Become Flashpoint at a Heated Hearing
- AI Regulation Ban Meets Opposition From State Attorneys General
- Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk
- Hack of Contractor Was at Root of Massive Federal Data Breach
- Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
- Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B
- Former Progressive CEO Renwick, 69, Dies
- Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
- Hacker of App Used by Trump Aide Stole Data From Across Government
- People Moves: World Insurance Associates Names Youshock Head of Personal Lines; Belair Appointed President of Technology at Intact Insurance Specialty Solutions
East News
- Fire Damages Popular ‘Pond-to-Table’ Rhode Island Restaurant
- FAA Cuts Newark Flights After Air Traffic Control Issues
- Radio Calls for Help Sent 45 Seconds Before Mexican Ship Hit Brooklyn Bridge
- Judge Rejects Vanguard $40 Million Mutual Fund Settlement, Cites SEC Accord
- DoorDash Expands Driver Savings Pilot Program to Maryland
- Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
Midwest News
- Shortage of Overnight Truck Parking Blamed for 2023 Fatal Bus Crash in Illinois
- First MainStreet Adds 2 Midwest Agencies
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Train Strikes Family on Ohio Railroad Bridge, Killing 3
- Iowa-Based Ice Cream Manufacturer Issues Recall Over Plastic Concerns
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
AccuWeather's preliminary estimate is $9-$11 billion in total damages and economic loss.
Texas / South Central News
- Austin Bar to Pay $42K Over Pregnancy Discrimination Lawsuit
- People Moves: CIS Promotes Gardea, Jr., Adds Felder to Leadership Team
- Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Fire Destroys Mansion on a Former Louisiana Sugar Plantation
- Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware
Southeast News
- While FEMA Faces Overhaul, Mississippi Tornado Survivors Wait for Assistance
- Lawsuit Says Florida Aviation Firm Didn’t Verify Inspections of Troubled Learjet
- Amazon’s Zoox Expands Robotaxi Trials to Rival Turf in Atlanta
- New Salmonella Outbreak Tied to Same Florida Grower With Cucumbers Last Year
- World Insurance Adds Two Agencies in South Carolina
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
M&S is facing a £300 million ($403 million) hit to operating profit.
West News
- California Security Company Owner Sentenced in $3.4M Workers’ Comp Fraud Case
- People Moves: Golden Bear Names Hohman Chief Underwriting Officer
- Washington Insurance Commissioner Issues $500K in Fines; $250K Fine for Unlicensed Insurer
- State Farm Still Wants a 30% Rate Increase in California
- Alphabet’s Waymo Gets California Nod for Robotaxi Expansion in Bay Area
- Senate Will Try to Block California Vehicle Standards to Phase Out Gas-Powered Cars
International & Reinsurance News
- Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B
- Kremlin Vows to Defend Its Ships in the Baltic by All Legal Ways
- Thames Water Tops List of Firms Facing Criminal Probes Over Pollution
- Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal
- Marks & Spencer Says Cyberattack to Cost £300 Million
- EU to Propose Removing Business Barriers to Enhance Competitiveness Amid US Tariffs
- Chevron Says One Missing After Fire at Angola Offshore Oil Platform With 17 Injured
- Global Forest Loss Tops Record as Wildfires Drive Destruction
Insurance Journal Blogs and Columns
- Could Your Tech Stack Use a Spring Cleaning? How to Reduce Insurance IT Complexity with APIs
- Staged Auto Accidents: A Costly and Dangerous Threat for Fleets
- Conflagration’s role in the wildfire equation
- Tired of Waiting on Tickets? There’s a Better Way.
- Is Your Distribution Network Built to Scale?
- Insurance + APIs: How Superior Data Is Key to Distribution Channel Management
Quote 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 |
|---|---|---|---|
| Palomar Holdings, Inc. | PLMR | $161.54 | +1.54% |
| Kingsway Financial Services Inc. | KFS | $11.34 | +0.98% |
| Universal Insurance Holdings, Inc. | UVE | $26.54 | -0.08% |
| ProAssurance Corporation | PRA | $23.16 | -0.17% |
| W. R. Berkley Corporation | WRB | $73.20 | -0.48% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $125.91 | -8.60% |
| Lemonade, Inc. | LMND | $29.09 | -8.44% |
| Heritage Insurance Holdings, Inc. | HRTG | $23.39 | -5.46% |
| Erie Indemnity Company | ERIE | $353.99 | -4.05% |
| Assurant, Inc. | AIZ | $192.63 | -4.00% |