CEO Peter Zaffino said the company's intent is to “create a digital twin of our business.”
AM Best said U.S. home insurers are sticking to rate increases to keep profits going.
- Arthur J. Gallagher Completes $13.5 Billion Acquisition of AssuredPartners
- Carrier Revenue Growth Expected to Outpace Hiring in Next Year
- Insurtech Looks to ‘Redefine’ Insurance With Autonomous AI Agents by 2026
- Swiss Re Tops List of Largest Reinsurers on Its Shift to IFRS-17 Accounting: AM Best
- North Carolina Man Charged With More Than $1M in Travel Insurance Fraud
- Insurance Agent Earned Town’s Trust. But Officials Say He Ran a $95M Ponzi Scheme.
- Insurance Agent Earned Town’s Trust. But Officials Say He Ran a $95M Ponzi Scheme.
- CVS Not Covered by Insurance for Opioid Lawsuits, Delaware Supreme Court Rules
- Gas Valve Failure May Have Led to Fatal US Steel Plant Explosion
- New York City Reports 4th Person Has Died After Legionnaires’ Disease Outbreak
- People Moves: Insurance Women Chapter Forms in Western Massachusetts
- People Moves: Chieppo Joins Mechanic Group; Foster Named Chair of NY Workers’ Comp Board
- $3.75M to Estate of Unarmed Man Fatally Shot by Oregon Police
- Studies Tie Unrecognized Deaths, Health Problems to Hawaii And LA Wildfires
- Temporary Barriers Spared Alaska’s Capital From Severe Flooding, Long-Term Fix Elusive
- Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation
- DOJ Sues California to End Enforcement of Emissions Standards for Trucks
- NFL Appealing Nevada High Court Ruling Allowing Gruden’s Lawsuit to Proceed
- North Carolina Man Charged With More Than $1M in Travel Insurance Fraud
- Tampa Woman Posed as Insurance Agent, Used App to Take Payments, Indictment Says
- Georgia Commissioner to Fine 22 Health Insurers $20M for Lack of Mental Health Parity
- Update: Hurricane Erin Strengthens, Threatens US East Coast With Rough Surf
- Florida Peninsula Files for 8.4% Cut in HO Rates, 12% Drop in Condo Owners’
- West Virginia Will Finally Study How to Protect Communities After 2016 Floods
- Texas Blames ESG Goals in Probe of Xcel Over 2024 Wildfires
- US Plans $750M Fly Factory in Texas to Stop a Flesh-Eating Cattle Parasite
- Texas Economy Slowing Amid Trade Policies and Immigration Crackdown
- Texas Students Injured in School Bus Rollover Crash
- Texas Crime Labs Say They Need More Resources for a THC Ban
- Union Pacific Train Cars Derail Near Texas Town, No Injuries Reported
- Rockford Mutual Launches Commercial Insurance Offerings in Michigan
- Six Killed in Michigan Collision Between Truck and Van Carrying Amish Group
- Michigan Man Wins $60M in False Charges Case
- Ohio’s Roehr Insurance Partners With Higginbotham
- Chicago Launches Flood-Warning System as Rainstorms Intensify
- Milwaukee Area Recovers From Record Rain and Flooding
National News
- Markel Insurance Completes Sale of Reinsurance Renewal Rights to Nationwide
- Judge Strikes Down Trump Guidance Against DEI at Schools and Colleges
- Coastal Communities Restoring Natural Defenses Against Storm Surges, Rising Seas
- CVS Not Covered by Insurance for Opioid Lawsuits, Delaware Supreme Court Rules
- Newsmax Settles Dominion Defamation Case for $67M; Says It Couldn’t Get Fair Trial
- Arthur J. Gallagher Completes $13.5 Billion Acquisition of AssuredPartners
- Bayer Settles Sky Valley Cases Over Chemical PCB
- Markets/Coverages: Vortex Pays Out After a Mere ‘Trace’ of Rain
East News
- Insurance Agent Earned Town’s Trust. But Officials Say He Ran a $95M Ponzi Scheme.
- CVS Not Covered by Insurance for Opioid Lawsuits, Delaware Supreme Court Rules
- Gas Valve Failure May Have Led to Fatal US Steel Plant Explosion
- New York City Reports 4th Person Has Died After Legionnaires’ Disease Outbreak
- People Moves: Insurance Women Chapter Forms in Western Massachusetts
- People Moves: Chieppo Joins Mechanic Group; Foster Named Chair of NY Workers’ Comp Board
Midwest News
- Rockford Mutual Launches Commercial Insurance Offerings in Michigan
- Six Killed in Michigan Collision Between Truck and Van Carrying Amish Group
- Michigan Man Wins $60M in False Charges Case
- Ohio’s Roehr Insurance Partners With Higginbotham
- Chicago Launches Flood-Warning System as Rainstorms Intensify
- Milwaukee Area Recovers From Record Rain and Flooding
Swiss Re said total 2025 insured losses could exceed $150 billion because activity is typically higher in the second half.
Texas / South Central News
- Texas Blames ESG Goals in Probe of Xcel Over 2024 Wildfires
- US Plans $750M Fly Factory in Texas to Stop a Flesh-Eating Cattle Parasite
- Texas Economy Slowing Amid Trade Policies and Immigration Crackdown
- Texas Students Injured in School Bus Rollover Crash
- Texas Crime Labs Say They Need More Resources for a THC Ban
- Union Pacific Train Cars Derail Near Texas Town, No Injuries Reported
Southeast News
- North Carolina Man Charged With More Than $1M in Travel Insurance Fraud
- Tampa Woman Posed as Insurance Agent, Used App to Take Payments, Indictment Says
- Georgia Commissioner to Fine 22 Health Insurers $20M for Lack of Mental Health Parity
- Update: Hurricane Erin Strengthens, Threatens US East Coast With Rough Surf
- Florida Peninsula Files for 8.4% Cut in HO Rates, 12% Drop in Condo Owners’
- West Virginia Will Finally Study How to Protect Communities After 2016 Floods
If true, state regulators may require pro-rated cash refunds or credits on renewal premiums.
West News
- $3.75M to Estate of Unarmed Man Fatally Shot by Oregon Police
- Studies Tie Unrecognized Deaths, Health Problems to Hawaii And LA Wildfires
- Temporary Barriers Spared Alaska’s Capital From Severe Flooding, Long-Term Fix Elusive
- Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation
- DOJ Sues California to End Enforcement of Emissions Standards for Trucks
- NFL Appealing Nevada High Court Ruling Allowing Gruden’s Lawsuit to Proceed
International & Reinsurance News
- Qantas Airways Fined $59M for Illegal Pandemic Layoffs
- Mumbai Drenched by More Rain as Highest Alert Issued for City
- Markets/Coverages: Inigo Provides Excess DIC/DIL Cover on Financial Fraud Policies
- Swiss Re Tops List of Largest Reinsurers on Its Shift to IFRS-17 Accounting: AM Best
- Maersk Contains Fire Onboard Vessel off Liberia, Intensifies Firefighting Efforts
- Google Agrees $36 Million Fine for Anti-Competitive Deals With Australia Telcos
Insurance Journal Blogs and Columns
- 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
- A Major Infrastructure Upgrade for Antarctica — Backed by Surety
- How SIU Is Saving Over 1,000 Hours a Year by Automating Their Inbox
- Why Submission Triage Is the Hidden Bottleneck in Your Underwriting Workflow
Quote of Note
Ransomware has become a scourge on nearly every facet of our lives, and it's a prime example of the vulnerabilities that are emerging as our digital and our physical infrastructure increasingly converge.
More Quotes Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Lemonade, Inc. | LMND | $59.74 | +4.13% |
| Ategrity Specialty Insurance Company Holdings | ASIC | $22.11 | +2.98% |
| Hippo Holdings Inc. | HIPO | $31.62 | +2.66% |
| Tiptree Inc. | TIPT | $22.15 | +1.70% |
| Employers Holdings, Inc. | EIG | $41.95 | +1.48% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $88.05 | -2.63% |
| American Coastal Insurance Corporation | ACIC | $10.66 | -2.38% |
| TWFG, Inc. | TWFG | $27.87 | -2.18% |
| Erie Indemnity Company | ERIE | $359.74 | -1.85% |
| Hagerty, Inc. | HGTY | $10.99 | -1.79% |