The lawsuit is against another group of former employees for breach of employee contracts.
The renewal rights of Everest’s retail commercial business total about $2 billion.
- Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida
- Jamaica Catastrophe Bond Has Now Triggered, Government Says
- Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa
- Marsh Sues More Former Employees Over ‘Scheme’ to Open Howden US
- Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
- UBS Warns of Systemic Risk From Weak US Insurance Regulation
- Insurer Balks at Covering Sex Trafficking Judgment Against Hotel
- Meatpacker JBS to Pay $1.1 Million to Settle New York Climate Suit
- Advocates Want Public Involvement When Nursing Homes Change Ownership
- Afore Begins Virginia Expansion With Acquisition of Norfolk’s Salzberg Agency
- People Moves: Starkweather & Shepley Welcomes Leamy
- Connecticut Approves Workers’ Compensation Cost Decrease for 2026
- Arthur J. Gallagher Acquires Surescape Insurance Services in Colorado
- California Labor Commish Fines Costco, Others $868K for Misclassifying Drivers
- Viewpoint: California Workers’ Comp Outlook And What Stakeholders Need to Know
- LP Expands into Oregon With Acquisition of Mountain West
- Nation’s Largest Fleet of Police Cybertrucks to Patrol Vegas
- San Francisco Mayor Proposes Denser Housing to Tackle Affordability Crisis
- Progressive’s $950M in Florida Regurgitation to Mostly Be Credits in Renewals
- North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years
- Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida
- Black Vultures Spreading North, Attacking and Killing Cattle
- WV OIC Accepting Input on American Modern’s 47% Auto Rate Increase Request
- North Carolina Public Adjuster Charged With Embezzling $130,000 Insurance Payment
- Louisiana Bar Association Selects ORLSI as Lawyers Malpractice Insurance Provider
- Texas Courier Service to Pay $800K in Workers’ Comp Fraud Case
- Monkey Escape in Mississippi Gives Glimpse Into Secret World of Animal Research
- Lawsuit Seeks to Overturn Dallas Ordinances, Including LGBTQ+ Protections
- Wildfire Forces Rural Community in Southern Texas to Evacuate
- People Moves: Texas State Office of Risk Management Names Hays as Executive Director
- Fired Indiana University Student Newspaper Adviser Claims Free Speech Violation
- Michigan Regulators to Start Enforcing 2020 Industrial Farm Pollution Law
- ReSource Pro Acquires Indiana-Based Supportive Insurance Services
- Wreck of the Edmund Fitzgerald Still Resonates 50 Years Later
- People Moves: Encova Insurance Names Webber and Rao as VPs
- North Dakota Judge Says Greenpeace Must Pay $345M in Pipeline Lawsuit
National News
- AIG General Insurance Underwriting Income Up 81% in Q3
- Marsh Sues More Former Employees Over ‘Scheme’ to Open Howden US
- Tariff-Linked Class Action Suits to Boost D&O Insurance Demand
- US Prosecutors Say Cybersecurity Pros Ran Ransomware Operation
- Chubb Group Vice Chair Lupica to Retire at 2025 End
- US Sees Air Safety Risks as Government Shutdown Hurts Flying
- CNA Net Income for Q3 Up 42% on Lower Catastrophe Losses
- People Moves: Ryan Appointed CMO of Howden US; McCrosson Joins AXA XL Reinsurance as Sr. Underwriter, US Property Treaty
East News
- Insurer Balks at Covering Sex Trafficking Judgment Against Hotel
- Meatpacker JBS to Pay $1.1 Million to Settle New York Climate Suit
- Advocates Want Public Involvement When Nursing Homes Change Ownership
- Afore Begins Virginia Expansion With Acquisition of Norfolk’s Salzberg Agency
- People Moves: Starkweather & Shepley Welcomes Leamy
- Connecticut Approves Workers’ Compensation Cost Decrease for 2026
Midwest News
- Fired Indiana University Student Newspaper Adviser Claims Free Speech Violation
- Michigan Regulators to Start Enforcing 2020 Industrial Farm Pollution Law
- ReSource Pro Acquires Indiana-Based Supportive Insurance Services
- Wreck of the Edmund Fitzgerald Still Resonates 50 Years Later
- People Moves: Encova Insurance Names Webber and Rao as VPs
- North Dakota Judge Says Greenpeace Must Pay $345M in Pipeline Lawsuit
The Category 5 hurricane made landfall last week in southwestern Jamaica, the nation's first major hurricane since 1988.
Texas / South Central News
- Louisiana Bar Association Selects ORLSI as Lawyers Malpractice Insurance Provider
- Texas Courier Service to Pay $800K in Workers’ Comp Fraud Case
- Monkey Escape in Mississippi Gives Glimpse Into Secret World of Animal Research
- Lawsuit Seeks to Overturn Dallas Ordinances, Including LGBTQ+ Protections
- Wildfire Forces Rural Community in Southern Texas to Evacuate
- People Moves: Texas State Office of Risk Management Names Hays as Executive Director
Southeast News
- Progressive’s $950M in Florida Regurgitation to Mostly Be Credits in Renewals
- North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years
- Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida
- Black Vultures Spreading North, Attacking and Killing Cattle
- WV OIC Accepting Input on American Modern’s 47% Auto Rate Increase Request
- North Carolina Public Adjuster Charged With Embezzling $130,000 Insurance Payment
A rise in privacy litigation has motivated some insurers to take another look at the risk.
West News
- Arthur J. Gallagher Acquires Surescape Insurance Services in Colorado
- California Labor Commish Fines Costco, Others $868K for Misclassifying Drivers
- Viewpoint: California Workers’ Comp Outlook And What Stakeholders Need to Know
- LP Expands into Oregon With Acquisition of Mountain West
- Nation’s Largest Fleet of Police Cybertrucks to Patrol Vegas
- San Francisco Mayor Proposes Denser Housing to Tackle Affordability Crisis
International & Reinsurance News
- UBS Warns of Systemic Risk From Weak US Insurance Regulation
- Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa
- Assailants Attack Tanker off Somalia in Suspected Pirate Strike
- Li Auto Recalls Over 11,000 of Its Flagship EV on Battery Fire
- G20 Climate Targets Show Acceleration in Reducing CO2, LSEG Says
- Typhoon Kalmaegi Kills 21 as It Pummels Central Philippines
- People Moves: Westfield Specialty Int’l Taps Former AIG Exec Baldwin as President; Vantage Promotes Senior Leaders in Reinsurance, Partnership Capital Platform
Insurance Journal Blogs and Columns
- Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes
- 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
Sponsored Newswire
- PGM Solutions Expands Home Factors with New Roof and Electrical Insights to Strengthen Carrier Risk Models
- Expert Underwriter Secures Critical Wildfire Coverage for High-Risk California Warehouse, Saving Key Account
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 |
|---|---|---|---|
| Mercury General Corporation | MCY | $79.77 | +4.64% |
| Bowhead Specialty Holdings Inc. | BOW | $25.45 | +4.52% |
| Employers Holdings, Inc. | EIG | $37.53 | +3.99% |
| Universal Insurance Holdings, Inc. | UVE | $32.27 | +3.86% |
| The Travelers Companies, Inc. | TRV | $277.28 | +3.59% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Lemonade, Inc. | LMND | $58.66 | -4.68% |
| Hippo Holdings Inc. | HIPO | $35.89 | -2.05% |
| Root, Inc. | ROOT | $79.18 | -1.99% |
| Goosehead Insurance, Inc | GSHD | $66.64 | -1.35% |
| Hagerty, Inc. | HGTY | $11.14 | -1.33% |