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
- 2 Adults Killed, 7 Children Injured in ATV Accident in Alabama Off-Road Park
- US P/C Insurance Industry First-Half Underwriting Profit Triples
- With Storms, Flooding and Potential FEMA Cuts, Parametric Flood Is on the Rise
- The Year So Far: Liberty Mutual Improves Most Among Nationals; Discipline Tested
- 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
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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More Sponsored NewswiresQuote of Note
If you've reached an exponential part of the curve where suddenly, something's accelerating, it's almost certain that we are underpricing the risk that we're taking.
More Quotes Bruce Carnegie-Brown, chairman of insurance market Lloyd’s of London.
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% |