Aon said the deal bolsters its goal to target the U.S. middle market segment.
The agreement is one of the largest data breach settlement amounts.
- Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention
- Viewpoint: Global Reinsurance Pricing to Remain Under Pressure Through 2027
- AIG Executive Chair and Former CEO Zaffino Set to Exit for Palantir
- King Risk Partners Acquires New Jersey’s Conover Beyer Associates
- Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market
- Florida Citizens Awards Commercial Clearinghouse Management to Bridge Specialty
- Efforts Underway to Salvage Maine and Boston Schooners That Sank in NYC Canal
- New Jersey Takes Fight Over Kalshi’s Prediction Market to US Supreme Court
- King Risk Partners Acquires New Jersey’s Conover Beyer Associates
- Judge Strikes Down NY Plan to Charge Fossil-Fuel Firms $75B for Climate Damages
- Starbucks Dress Code Didn’t Violate NYC Workers’ Labor Rights, US Court Rules
- World Insurance Acquires New Jersey’s Pellechio Family Agency
- SAIF in Oregon Declares $50 Million Dividend
- Judge Bars EPA Effort to Send California Vehicle Emissions Rules to Congress
- Insurance Again Dominates Number of Complaints to Oregon Consumer Advocates
- PG&E to Defer $2 Billion of Work After California Shelved Fire Bill
- California Lawmakers Adjourn Without Voting on Wildfire Bill
- Report: Medical Service Costs in California Comp Rising With Payments, Utilization
- Floridians Saved Almost $3B on HO and Auto Premiums Last Year, Actuarial Report Finds
- Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec
- Florida Citizens Awards Commercial Clearinghouse Management to Bridge Specialty
- Florida Bans Flock Cameras, License Plate Readers From State Roads
- People: Builders Insurance Names Jasmund Board Chairman
- Federal Judge Cautions State Farm Against Gambling With Courts
- Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec
- Tesla Readies Cybercab Launch Event That’s Shrouded in Mystery
- Texas A&M Forest Service Launches Prescribed Burn Manager Insurance Program
- Edouard Causes Life-Threatening Flooding in East Texas
- Texas Mobilizes Ahead of Tropical Storm Edouard
- Texas, Louisiana on Hurricane Watch as Storm Edouard Grows
- People Moves: Pharmacists Mutual Names Shaw as VP and Head of Claims
- Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention
- People Moves: Cincinnati Insurance Chief Claims Officer Schambow to Retire, McMillan to Assume Responsibilities
- Kansas Woman Sentenced to Probation for Insurance Fraud
- Severe Thunderstorms Threaten From Great Lakes to New Jersey
- People Moves: Sunstar Insurance Group Names Ashby as Chief Information Officer
National News
- People Moves: Ciak Joins Guy Carpenter’s Healthcare Team From BMS Group; CRC Specialty Makes Hires Across Underwriting and Brokerage Teams
- US Government Backs OpenAI in New York Times Copyright Case
- Thomson Reuters Detects Cyber Incident, Says Unauthorized Party Accessed Files
- Viewpoint: Commercial P/C Talent Gap 5 Years On—Are We Asking the Right Question
- Markets/Coverages: Philadelphia Insurance Debuts Platform for Storage Tank Policies
- Berkshire CEO Abel Says AI to Help Power Growth
- Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention
East News
- Efforts Underway to Salvage Maine and Boston Schooners That Sank in NYC Canal
- New Jersey Takes Fight Over Kalshi’s Prediction Market to US Supreme Court
- King Risk Partners Acquires New Jersey’s Conover Beyer Associates
- Judge Strikes Down NY Plan to Charge Fossil-Fuel Firms $75B for Climate Damages
- Starbucks Dress Code Didn’t Violate NYC Workers’ Labor Rights, US Court Rules
- World Insurance Acquires New Jersey’s Pellechio Family Agency
Midwest News
- People Moves: Pharmacists Mutual Names Shaw as VP and Head of Claims
- Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention
- People Moves: Cincinnati Insurance Chief Claims Officer Schambow to Retire, McMillan to Assume Responsibilities
- Kansas Woman Sentenced to Probation for Insurance Fraud
- Severe Thunderstorms Threaten From Great Lakes to New Jersey
- People Moves: Sunstar Insurance Group Names Ashby as Chief Information Officer
Los Angeles County sued State Farm over the insurer's handling of claims from the destructive early 2025 wildfires.
Texas / South Central News
- Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec
- Tesla Readies Cybercab Launch Event That’s Shrouded in Mystery
- Texas A&M Forest Service Launches Prescribed Burn Manager Insurance Program
- Edouard Causes Life-Threatening Flooding in East Texas
- Texas Mobilizes Ahead of Tropical Storm Edouard
- Texas, Louisiana on Hurricane Watch as Storm Edouard Grows
Southeast News
- Floridians Saved Almost $3B on HO and Auto Premiums Last Year, Actuarial Report Finds
- Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec
- Florida Citizens Awards Commercial Clearinghouse Management to Bridge Specialty
- Florida Bans Flock Cameras, License Plate Readers From State Roads
- People: Builders Insurance Names Jasmund Board Chairman
- Federal Judge Cautions State Farm Against Gambling With Courts
FSB Board Chair said the impact of AI on cyber risk was an immediate concern for the global financial system.
West News
- SAIF in Oregon Declares $50 Million Dividend
- Judge Bars EPA Effort to Send California Vehicle Emissions Rules to Congress
- Insurance Again Dominates Number of Complaints to Oregon Consumer Advocates
- PG&E to Defer $2 Billion of Work After California Shelved Fire Bill
- California Lawmakers Adjourn Without Voting on Wildfire Bill
- Report: Medical Service Costs in California Comp Rising With Payments, Utilization
International & Reinsurance News
- Viewpoint: Global Reinsurance Pricing to Remain Under Pressure Through 2027
- EU Tweaks Antitrust Rulebook to Help Boost Bloc’s ‘Resilience’
- France Declares Fifth Heat Wave After Hottest Summer Ever
- Trump Says Iran Strikes to Be Short, Asserts Hormuz Control
- Samsung-Affiliated Insurers Plan to Buy Canopius for $1.5 Billion, Newspaper Says
- Lloyd’s Reports Improved Combined Ratio on H1 Underwriting Profit of £1.9B
- Santam Drops US Investment as Property-Rate Dip Damps Outlook
- Business Moves: Oneglobal Broking Acquires LATAM Reinsurance Brokers
Insurance Journal Blogs and Columns
- From Uncertainty to Underwriting: How Specialty Markets Arise
- What 25 Acquisitions Taught Me About Operational Consistency
- What captive agents underestimate about running their own agencies
- Why Every Commercial-Lines Agency Needs AI Risk Fluency
- How Ben Williams Insurance Group went from paper and pen to instant answers
- Restaurant Risk Management: Addressing Emerging Hospitality Exposures and Coverage Challenges
Sponsored Newswire
- Introducing Rent-by-the-Room Insurance—Property & Liability for Coliving Rentals
- Quandri Named Inaugural Member of Applied Systems’ Vendor Certification Program
Quote of Note
"Certainly, claims — with all of their moving parts in all of the lines of business — still present compliance challenges."
More Quotes Kathy Donovan, lead researcher for Wolters Kluwer, on P/C insurers' top market conducts mistakes.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $7.55 | +17.05% |
| Lemonade, Inc. | LMND | $55.08 | +3.65% |
| James River Group Holdings, Inc. | JRVR | $4.19 | +3.20% |
| Skyward Specialty Insurance Group, Inc. | SKWD | $58.09 | +3.14% |
| Mercury General Corporation | MCY | $106.05 | +3.05% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| TWFG, Inc. | TWFG | $29.28 | -2.61% |
| Goosehead Insurance, Inc. | GSHD | $67.08 | -2.50% |
| NI Holdings, Inc. | NODK | $15.33 | -0.07% |
| Bowhead Specialty Holdings Inc. | BOW | $33.64 | -0.03% |
| Safety Insurance Group, Inc. | SAFT | $103.10 | -0.02% |