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
- State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing
- No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Chevron Says One Missing After Fire at Angola Offshore Oil Platform With 17 Injured
- Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
- 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
- Maryland Officials Say Autopsies Misclassified Deaths in Police Custody
- 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
- Idaho Police Release Names of 6 Killed in Yellowstone Tour Crash Amid Investigation
- People Moves: O’Day Named Acting Director of Oregon DCBS, Keen as Acting Insurance Commissioner
- Judge Scraps LA Sparks Player’s WNBA Suit; Can Pursue Claim Against Las Vegas Aces
- California Commissioner Launches Smoke Claims & Remediation Task Force
- 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
- Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- 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
- Louisiana Plant at Center of Environmental Justice Fight Halts Operations
- Texas Sweetens Pitch to CEOs, Boards With New State Protections
- 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
- Severe Storm Batters St. Louis, Leaving At Least 4 Dead
- Severe Storms Sweep Through Midwest, Leaving Thousands Without Power
National News
- 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
- No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
- Stablecoin Bill Advances in US Senate in Big Win for Crypto
East News
- 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
- Maryland Officials Say Autopsies Misclassified Deaths in Police Custody
Midwest News
- 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
- Severe Storm Batters St. Louis, Leaving At Least 4 Dead
- Severe Storms Sweep Through Midwest, Leaving Thousands Without Power
AccuWeather's preliminary estimate is $9-$11 billion in total damages and economic loss.
Texas / South Central News
- 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
- Louisiana Plant at Center of Environmental Justice Fight Halts Operations
- Texas Sweetens Pitch to CEOs, Boards With New State Protections
Southeast News
- 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
- Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
M&S is facing a £300 million ($403 million) hit to operating profit.
West News
- 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
- Idaho Police Release Names of 6 Killed in Yellowstone Tour Crash Amid Investigation
- People Moves: O’Day Named Acting Director of Oregon DCBS, Keen as Acting Insurance Commissioner
- Judge Scraps LA Sparks Player’s WNBA Suit; Can Pursue Claim Against Las Vegas Aces
- California Commissioner Launches Smoke Claims & Remediation Task Force
International & Reinsurance News
- 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
- Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks
- Global Forest Loss Tops Record as Wildfires Drive Destruction
- EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears
- Ryan Specialty Acquires Irish MGU 360° Underwriting
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
"The coronavirus outbreak has reduced risk in some areas while, at the same time, changing and heightening it in others. The wider changes in society and industry brought about and accelerated by the pandemic are likely to have a long-term impact on claims patterns and loss trends in the corporate insurance sector."
More Quotes Thomas Sepp, chief claims officer, Allianz Global Corporate & Specialty
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingsway Financial Services Inc. | KFS | $11.23 | +7.98% |
| American Coastal Insurance Corporation | ACIC | $11.18 | +4.29% |
| TWFG, Inc. | TWFG | $35.33 | +4.19% |
| American Integrity Insurance Group, Inc. | AII | $16.89 | +2.80% |
| NI Holdings, Inc. | NODK | $13.41 | +2.05% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingstone Companies, Inc. | KINS | $16.21 | -3.97% |
| Goosehead Insurance, Inc | GSHD | $108.40 | -3.96% |
| Heritage Insurance Holdings, Inc. | HRTG | $24.74 | -2.41% |
| Hagerty, Inc. | HGTY | $9.53 | -1.95% |
| Trupanion, Inc. | TRUP | $45.30 | -1.84% |