The head of FEMA said states will bear half the costs for responding to natural disasters.
Testimony came from homeowners, adjusters and two of the largest U.S. insurers.
- State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing
- EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears
- Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
- Despite Backlash From Trump, DEI Hasn’t Disappeared at US Companies
- M&S’ Slow Recovery From Cyberattack Puts it at Risk of Lasting Damage
- Captives to Remain Viable as Market Softens: RIMS Panel
- Maryland Officials Say Autopsies Misclassified Deaths in Police Custody
- US Aviation Authorities Probe LaGuardia Runway Close Call
- Turbulent Waters May Have Been Factor in Mexican Ship’s Crash Into Brooklyn Bridge
- Capital One to Pay $425 Million to Settle Claims Over Savings Accounts
- Maine Lawmakers Thwart Move to Allow Mennonites to Self-Insure
- People Moves: Castillo to Head Protecdiv’s Construction; Snyder Joins Mass. Workers’ Comp Council
- 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
- Washington Roofing Company Fined $300K After Worker Falls From Roof
- Edison Plans $6.2 Billion Fire-Prevention Plan After LA Blazes
- Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
- Severe Weather Leaves at Least 27 Dead, Including 18 in Kentucky
- Alabama Lawmakers Approve Additional Legal Protections for Police Officers
- 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
- Train Strikes Family on Ohio Railroad Bridge, Killing 3
- 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
- Morton Salt Settles Ohio Discrimination Case With $75,000 Payment
- Sweltering Heat Wave Hits US From Dakotas to Texas
National News
- FCC Approves Verizon Deal to Acquire Frontier After DEI Changes
- Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
- People Moves: Boroughs Named Chubb Group Vice Chairman, Hogan Succeeds Boroughs as Investment Officer; Cushing Named Head of Construction at Zurich NA
- APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims
- Despite Backlash From Trump, DEI Hasn’t Disappeared at US Companies
- Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB
East News
- Maryland Officials Say Autopsies Misclassified Deaths in Police Custody
- US Aviation Authorities Probe LaGuardia Runway Close Call
- Turbulent Waters May Have Been Factor in Mexican Ship’s Crash Into Brooklyn Bridge
- Capital One to Pay $425 Million to Settle Claims Over Savings Accounts
- Maine Lawmakers Thwart Move to Allow Mennonites to Self-Insure
- People Moves: Castillo to Head Protecdiv’s Construction; Snyder Joins Mass. Workers’ Comp Council
Midwest News
- Train Strikes Family on Ohio Railroad Bridge, Killing 3
- 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
- Morton Salt Settles Ohio Discrimination Case With $75,000 Payment
- Sweltering Heat Wave Hits US From Dakotas to Texas
Marsh is asking a judge to stop its rival from stealing air and space insurance clients.
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
- Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
- Severe Weather Leaves at Least 27 Dead, Including 18 in Kentucky
- Alabama Lawmakers Approve Additional Legal Protections for Police Officers
Lloyd's CUO said the oversight of delegated underwriting authorities is to make sure they do not drag down the market.
West News
- 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
- Washington Roofing Company Fined $300K After Worker Falls From Roof
- Edison Plans $6.2 Billion Fire-Prevention Plan After LA Blazes
International & Reinsurance News
- EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil
- EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears
- Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million
- Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
- UK Legal Aid Hack Includes ‘Significant Amount’ of Personal Data
- M&S’ Slow Recovery From Cyberattack Puts it at Risk of Lasting Damage
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
"We may intervene and take further actions where firms do not appear to be meeting our expectations and treating their customers fairly."
More Quotes Financial Conduct Authority (FCA), which has taken eight insurers to court over business interruption policy wordings.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Heritage Insurance Holdings, Inc. | HRTG | $25.35 | +3.60% |
| Global Indemnity Group, LLC | GBLI | $31.08 | +3.57% |
| NI Holdings, Inc. | NODK | $13.14 | +3.55% |
| Kinsale Capital Group, Inc. | KNSL | $472.20 | +1.87% |
| Palomar Holdings, Inc. | PLMR | $161.17 | +1.22% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American Coastal Insurance Corporation | ACIC | $10.72 | -3.07% |
| Kingstone Companies, Inc. | KINS | $16.88 | -2.54% |
| Trupanion, Inc. | TRUP | $46.15 | -1.33% |
| Mercury General Corporation | MCY | $61.11 | -1.07% |
| Lemonade, Inc. | LMND | $32.25 | -0.98% |