The industry recorded an underwriting gain of $11.5 billion and net income of $49.1 billion.
The government filed suits seeking to recover the costs of suppressing the Eaton Fire.
- FTC Takes Action Against Worker Noncompete Agreements
- Insured Losses in Texas Exceed $47 Billion in 2024
- With Storms, Flooding and Potential FEMA Cuts, Parametric Flood Is on the Rise
- US P/C Insurance Industry First-Half Underwriting Profit Triples
- The Year So Far: Liberty Mutual Improves Most Among Nationals; Discipline Tested
- 2 Adults Killed, 7 Children Injured in ATV Accident in Alabama Off-Road Park
- Mass. Orders Insurers to Cover State-Backed Vaccines, Even Without CDC Support
- Maryland Moves to Deny Liability Limit Sought by Ship Manager in Key Bridge Collapse
- States, Orsted File Challenges to Trump Wind Farm Stoppage
- Trump to Ask Supreme Court to Toss Carroll’s $5 Million Abuse and Defamation Verdict
- People Moves: Judd Joins AXA XL Energy
- Pennsylvania Man Charged in $400 Million ATM Fraud
- Containment Grows on Wildfires That Forced Evacuations, Destroyed Buildings
- SAIF in Oregon Declares $50 Million Dividend
- US Government Says Southern California Edison Should Pay for LA Fire Costs
- Lightning-Sparked California Fires Force Evacuations and Destroy Buildings
- California, Oregon And Washington Form Health Alliance Amid Federal Vaccine Tensions
- Poll: Most Pacific Northwest Residents Expect Big Quake, But Most Aren’t Prepared
- Alabama DOI Extends Moratorium on New Captives, Risk Retention Groups
- Smith to Replace Retiring Gunn as Deputy Commissioner at ALDOI
- With Storms, Flooding and Potential FEMA Cuts, Parametric Flood Is on the Rise
- Brightway Expands With Acquisition of GlobalGreen Agency
- 2 Adults Killed, 7 Children Injured in ATV Accident in Alabama Off-Road Park
- Miami Football Player Charged With Vehicular Homicide Following May Crash
- Insured Losses in Texas Exceed $47 Billion in 2024
- Cultivated Meat Companies Sue Texas Over Its Lab-Grown Meat Ban
- Tesla Says Its Robotaxi App Now Open to Public Riders
- River Valley Underwriters Acquires Texas’ Patriot National Underwriters
- AccuWeather: Warm Gulf Water Could Fuel Storm Intensification in September
- Texas Lawmakers Fail to Reach Agreement on THC Ban
- People Moves: Alliant Human Capital Names Muller as Vice President
- Minnesota Governor to Call Special Session on Gun Laws After School Shooting
- Brightway Expands With Acquisition of GlobalGreen Agency
- South Dakota Father and Son to Pay $4M in Crop Insurance Fraud Case
- Steadfast Group Acquires Novum Underwriting Partners
- Big 12 Enhances Allstate Partnership with Year-Round Championship Series
National News
- FTC Takes Action Against Worker Noncompete Agreements
- Publisher Gannett Wins Dismissal of Nearly All of Journalists’ Job Bias Lawsuit
- NY Fed Finds Modest Impact of AI on Jobs Even as Usage Increases
- Apollo Settles Fight With Ex-Athene Executives Before Trial
- FTC to Review AI Chatbot Risks With Focus on Privacy Harms
- The Year So Far: Liberty Mutual Improves Most Among Nationals; Discipline Tested
- Steadfast Group Acquires Novum Underwriting Partners
- US Government Says Southern California Edison Should Pay for LA Fire Costs
East News
- Mass. Orders Insurers to Cover State-Backed Vaccines, Even Without CDC Support
- Maryland Moves to Deny Liability Limit Sought by Ship Manager in Key Bridge Collapse
- States, Orsted File Challenges to Trump Wind Farm Stoppage
- Trump to Ask Supreme Court to Toss Carroll’s $5 Million Abuse and Defamation Verdict
- People Moves: Judd Joins AXA XL Energy
- Pennsylvania Man Charged in $400 Million ATM Fraud
Midwest News
- People Moves: Alliant Human Capital Names Muller as Vice President
- Minnesota Governor to Call Special Session on Gun Laws After School Shooting
- Brightway Expands With Acquisition of GlobalGreen Agency
- South Dakota Father and Son to Pay $4M in Crop Insurance Fraud Case
- Steadfast Group Acquires Novum Underwriting Partners
- Big 12 Enhances Allstate Partnership with Year-Round Championship Series
Moving the onus to carmakers and software engineers would be financially beneficial to auto insurers.
Texas / South Central News
- Insured Losses in Texas Exceed $47 Billion in 2024
- Cultivated Meat Companies Sue Texas Over Its Lab-Grown Meat Ban
- Tesla Says Its Robotaxi App Now Open to Public Riders
- River Valley Underwriters Acquires Texas’ Patriot National Underwriters
- AccuWeather: Warm Gulf Water Could Fuel Storm Intensification in September
- Texas Lawmakers Fail to Reach Agreement on THC Ban
Southeast News
- Alabama DOI Extends Moratorium on New Captives, Risk Retention Groups
- Smith to Replace Retiring Gunn as Deputy Commissioner at ALDOI
- With Storms, Flooding and Potential FEMA Cuts, Parametric Flood Is on the Rise
- Brightway Expands With Acquisition of GlobalGreen Agency
- 2 Adults Killed, 7 Children Injured in ATV Accident in Alabama Off-Road Park
- Miami Football Player Charged With Vehicular Homicide Following May Crash
Parametric insurance has been gaining in popularity in Florida.
West News
- Containment Grows on Wildfires That Forced Evacuations, Destroyed Buildings
- SAIF in Oregon Declares $50 Million Dividend
- US Government Says Southern California Edison Should Pay for LA Fire Costs
- Lightning-Sparked California Fires Force Evacuations and Destroy Buildings
- California, Oregon And Washington Form Health Alliance Amid Federal Vaccine Tensions
- Poll: Most Pacific Northwest Residents Expect Big Quake, But Most Aren’t Prepared
International & Reinsurance News
- Ryan Specialty Launches New Sidecar to Support its Delegated Underwriting
- Head of EU Parliament Trade Committee Has ‘Doubts’ About Deal With US
- ‘It’s Scary’ – Crypto Workers Under Siege From North Korean Hackers
- RBC BlueBay Says ESG Is ‘Extremely Important’ for Investors
- Missing Billions in Pakistan Expose Grim Reality of Global Climate Finance Aid
- Markets/Coverages: AXA XL Launches Portal for Multinational Clients
- People Moves: Everest Promotes Voralia as CUO, Global Reinsurance; BHSI Appoints Spink as Head of Marine, Australasia
Insurance Journal Blogs and Columns
- Advice From a Surety Underwriter to the Owner of a Start-Up Construction Company
- California’s new take on wildfire loss models, and what this means for property insurers
- California’s new take on wildfire loss models, and what this means for property insurers
- 3 Ways for Insurers to Spread Catastrophe Risk Literacy to Homeowners, Minimal Lift Required
- 3 Ways for Insurers to Spread Catastrophe Risk Literacy to Homeowners, Minimal Lift Required
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Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingstone Companies, Inc. | KINS | $14.44 | +7.20% |
| Root, Inc. | ROOT | $93.92 | +6.65% |
| Donegal Group Inc. | DGIC.A | $19.47 | +5.87% |
| Skyward Specialty Insurance Group, Inc. | SKWD | $51.16 | +4.69% |
| American Coastal Insurance Corporation | ACIC | $11.66 | +4.48% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Hagerty, Inc. | HGTY | $11.50 | -2.21% |
| Arthur J. Gallagher & Co. | AJG | $300.22 | -1.15% |
| TWFG, Inc. | TWFG | $26.51 | -1.12% |
| Ategrity Specialty Insurance Company Holdings | ASIC | $22.44 | -0.66% |
| American Integrity Insurance Group, Inc. | AII | $19.63 | -0.30% |