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.
- DOJ Drops Defense of Ban on Employee ‘Noncompete’ Agreements
- Swiss Re, Munich Re and Hannover Re Top List of 40 Largest Reinsurers in 2025: S&P
- Direct Home Insurer Kin Raises $50M in Series E Financing
- Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court
- US Property Insurance Costs Hit New High as Disasters Worsen
- Buffett’s Oregon Utility Says Fire Lawsuits Pose Shutdown Risk
- Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court
- Public Speaks Out on How Pennsylvania Should Spend Opioid Settlement Funds
- New York Attorney General Settles Lead Paint Complaint Against Major Buffalo Landlord
- Judge Approves Chapter 11 Plan for Rochester Diocese With $246M Claims Fund
- People Moves: Ames & Gough Promotes Four Executives
- Mass. Orders Insurers to Cover State-Backed Vaccines, Even Without CDC Support
- Oregon Workers’ Comp Pure Premium Rate Dropping
- CIWA Launches Matt Abram Scholarship to Honor Legacy of Popular Insurance Pro
- Older Homes for Sale in California Now Come With Wildfire Warnings
- Suit That Claimed Fox Sports Ex-Host Harassed Stylist Has Been Mostly Resolved
- California Labor Commissioner Cites Los Angeles Restaurant $680K
- Buffett’s Oregon Utility Says Fire Lawsuits Pose Shutdown Risk
- While One Suit Over Citizens’ DOAH Hearings Is Dropped, Drama Builds in Another
- Florida Official Dismisses Need to Study Vaccine Mandate
- NCCI Calls for 6.9% Average Decrease in Florida Workers’ Comp Rates
- 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
- Texas Hemp Industry Breathes Sigh of Relief as Legislators Avoid Ban
- New Texas Laws Ban Youth Cabins in Floodways, Require Camp Safety Plans
- 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
- Two Marquette Men’s Lacrosse Players Killed in Car Wreck
- Judge Dismisses Lawsuit Against Detroit Officer in Facial Recognition Arrest
- 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
National News
- US Property Insurance Costs Hit New High as Disasters Worsen
- Google Sued by Advertising Exchange Over Monopoly Violations
- Renaissance Introduces the First in a Suite of AI Solutions for Independent Agents
- DOJ Drops Defense of Ban on Employee ‘Noncompete’ Agreements
- Anthropic Agrees to Pay $1.5 Billion to Settle Authors’ Copyright Class Action
- Direct Home Insurer Kin Raises $50M in Series E Financing
- People Moves: Lockton Promotes Rapciewicz and Cullen to Lead US Casualty
- Markets/Coverages: Everest Introduces EverBuild for Evolving Construction Risks
- How Fast Will the Reinsurance Market Soften?
East News
- Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court
- Public Speaks Out on How Pennsylvania Should Spend Opioid Settlement Funds
- New York Attorney General Settles Lead Paint Complaint Against Major Buffalo Landlord
- Judge Approves Chapter 11 Plan for Rochester Diocese With $246M Claims Fund
- People Moves: Ames & Gough Promotes Four Executives
- Mass. Orders Insurers to Cover State-Backed Vaccines, Even Without CDC Support
Midwest News
- Two Marquette Men’s Lacrosse Players Killed in Car Wreck
- Judge Dismisses Lawsuit Against Detroit Officer in Facial Recognition Arrest
- 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
Moving the onus to carmakers and software engineers would be financially beneficial to auto insurers.
Texas / South Central News
- Texas Hemp Industry Breathes Sigh of Relief as Legislators Avoid Ban
- New Texas Laws Ban Youth Cabins in Floodways, Require Camp Safety Plans
- 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
Southeast News
- While One Suit Over Citizens’ DOAH Hearings Is Dropped, Drama Builds in Another
- Florida Official Dismisses Need to Study Vaccine Mandate
- NCCI Calls for 6.9% Average Decrease in Florida Workers’ Comp Rates
- 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
Berkshire Hathaway Insurance Group and Lloyd’s round out the top five, said S&P.
West News
- Oregon Workers’ Comp Pure Premium Rate Dropping
- CIWA Launches Matt Abram Scholarship to Honor Legacy of Popular Insurance Pro
- Older Homes for Sale in California Now Come With Wildfire Warnings
- Suit That Claimed Fox Sports Ex-Host Harassed Stylist Has Been Mostly Resolved
- California Labor Commissioner Cites Los Angeles Restaurant $680K
- Buffett’s Oregon Utility Says Fire Lawsuits Pose Shutdown Risk
International & Reinsurance News
- Swiss Re, Munich Re and Hannover Re Top List of 40 Largest Reinsurers in 2025: S&P
- Automakers Debut New EVs, Affordable Models at Munich Car Show
- Ariel Re Gets ‘In Principle’ Approval From Lloyd’s to Launch Syndicate 2006
- French Parliament Ousts Prime Minister, Deepening Political Crisis
- Markets/Coverages: Tokio Marine HCC Enhances Product Recall Offering
- Disasters Damage $12.7 Billion of African Infrastructure a Year
- Philips Faces Deepened French Probe Over Sleep Apnea Device Safety
- Google Hit With $3.45 Billion EU Antitrust Fine Over Adtech Practices
- US Plant Raid Jolts South Korea and Stirs Investor Anxiety
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
Sponsored Newswire
- California Insurance Commissioner’s Conservation & Liquidation Office Issues RFP Seeking Independent Consultant for Rehabilitation Plan for Conserved Insurer
- Redefining Retirement and Hiring; The Future of Insurance Talent
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 |
|---|---|---|---|
| Hagerty, Inc. | HGTY | $11.78 | +2.43% |
| Hippo Holdings Inc. | HIPO | $33.24 | +0.97% |
| Enact Holdings, Inc. | ACT | $38.57 | +0.44% |
| American Integrity Insurance Group, Inc. | AII | $19.67 | +0.20% |
| ProAssurance Corporation | PRA | 23.76 | +0.00 |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Ategrity Specialty Insurance Company Holdings | ASIC | $21.30 | -5.08% |
| Kingstone Companies, Inc. | KINS | $13.71 | -5.06% |
| Universal Insurance Holdings, Inc. | UVE | $24.60 | -3.38% |
| The Allstate Corporation | ALL | $201.53 | -3.26% |
| Donegal Group Inc. | DGIC.A | $18.86 | -3.13% |