Greg Abel, vice chair for non-insurance operations, will take charge upon approval.
First quarter underwriting income in AIG’s General Insurance segment dropped 59%.
- Many Snowbirds Looking to Pack Up and Fly North For Good; Florida Hit Hard
- Florida Citizens ‘Going Naked’ on Reinsurance Below Cat Fund Layer
- Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses
- Heritage Files Libel, Defamation Suit vs. Adjuster After ’60 Minutes’ Report
- JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow
- AIG Q1 Underwriting Income More Than Halved on Wildfire Losses
- Dashboard Shows New York City Paid Almost $2 Billion to Settle Claims in 2024
- Harvard Vows Reforms Following Internal Reports on Antisemitism and Anti-Arab Bias
- Ryan Specialty Finalizes Acquisition of USQRisk
- Liberty Mutual Teams With WNBA Champion New York Liberty
- Severe Storms Take 4 Lives, Cause Power Outages, Close Roads in Pennsylvania
- Court Questions NJ Diocese’s Bid to Block Grand Jury on Clergy Sex Abuse
- Hawaii Plans to Increase Hotel Tax to Help It With Climate Change Mitigation
- California Attorney General Suing Cleaning Company Over ‘No-Poach’ Deals
- Hawaii Lawmakers Pass HECO Bill to Invest in Wildfire Mitigation
- LA Fire Investigation Will Take a Year or More, Edison CEO Says
- California Workers’ Comp Bureau Submits Higher 2025 Pure Premium Rate Filing
- California’s Ban on Gasoline Cars Is Overturned by US House Vote
- Florida Citizens ‘Going Naked’ on Reinsurance Below Cat Fund Layer
- Florida Lawmakers Vote to Repeal ‘Free Kill’ Law Affecting Med Mal Suits
- Attorney Fee Amendment Shot Down by Florida Senate; Condo Relief Bill Passes
- Florida Set to Be 2nd State to Ban Fluoride from Public Water Systems
- Southern Specialty Rebrands, Names Roberts President
- Judge Says Local Police Must Halt Enforcement of Florida Immigration Law
- Texas Mutual Approves $330M General Dividend Distribution
- This Texas E&S Carrier is Implementing Natural Language Processing
- Fired State Employees Breached the Personal Data of 33K More Texans
- Why the Green Hydrogen Industry Is Flocking to Texas
- Strengthen Oklahoma Homes Program to Hold Second Pilot Launch
- Three Workers Killed in Scaffold Collapse at LNG Plant in Texas
- Lawmakers in 3 States Want to Roll Back Paid Sick Leave Benefits
- Ohio Residents Divided Over Norfolk Southern Settlement Agreement
- Trump Administration Sues Michigan to Halt State’s Fossil Fuel Lawsuit Plan
- Ohio Eatery to Pay $125K Over Race Discrimination Lawsuit
- AM Best Revises Outlook to Negative for Missouri Valley Mutual Insurance Company
- Car Smashes Through Illinois Building, Killing 4 Young People and Injuring Others
National News
- Buffett to Step Down Following Six-Decade Run Atop Berkshire
- APCIA, IBHS Testify Before Senate Committee on Loss Mitigation
- JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow
- Student Competition to Showcase Young Talent at RIMS
- Zurich Offers ‘Roadmap’ to Prep Businesses, Governments for Climate Change
- Uber Teams Up With May Mobility to Launch Robotaxis in US Cities
- Berkshire Outguns Market as Buffett Reaches 60 Years in Charge
East News
- Dashboard Shows New York City Paid Almost $2 Billion to Settle Claims in 2024
- Harvard Vows Reforms Following Internal Reports on Antisemitism and Anti-Arab Bias
- Ryan Specialty Finalizes Acquisition of USQRisk
- Liberty Mutual Teams With WNBA Champion New York Liberty
- Severe Storms Take 4 Lives, Cause Power Outages, Close Roads in Pennsylvania
- Court Questions NJ Diocese’s Bid to Block Grand Jury on Clergy Sex Abuse
Midwest News
- Lawmakers in 3 States Want to Roll Back Paid Sick Leave Benefits
- Ohio Residents Divided Over Norfolk Southern Settlement Agreement
- Trump Administration Sues Michigan to Halt State’s Fossil Fuel Lawsuit Plan
- Ohio Eatery to Pay $125K Over Race Discrimination Lawsuit
- AM Best Revises Outlook to Negative for Missouri Valley Mutual Insurance Company
- Car Smashes Through Illinois Building, Killing 4 Young People and Injuring Others
Officials said it is not cost efficient for Citizens to purchase risk transfer below the Cat Fund.
Texas / South Central News
- Texas Mutual Approves $330M General Dividend Distribution
- This Texas E&S Carrier is Implementing Natural Language Processing
- Fired State Employees Breached the Personal Data of 33K More Texans
- Why the Green Hydrogen Industry Is Flocking to Texas
- Strengthen Oklahoma Homes Program to Hold Second Pilot Launch
- Three Workers Killed in Scaffold Collapse at LNG Plant in Texas
Southeast News
- Florida Citizens ‘Going Naked’ on Reinsurance Below Cat Fund Layer
- Florida Lawmakers Vote to Repeal ‘Free Kill’ Law Affecting Med Mal Suits
- Attorney Fee Amendment Shot Down by Florida Senate; Condo Relief Bill Passes
- Florida Set to Be 2nd State to Ban Fluoride from Public Water Systems
- Southern Specialty Rebrands, Names Roberts President
- Judge Says Local Police Must Halt Enforcement of Florida Immigration Law
Florida's US Claims Capital failed to secure plaintiffs’ personal information in a breach.
West News
- Hawaii Plans to Increase Hotel Tax to Help It With Climate Change Mitigation
- California Attorney General Suing Cleaning Company Over ‘No-Poach’ Deals
- Hawaii Lawmakers Pass HECO Bill to Invest in Wildfire Mitigation
- LA Fire Investigation Will Take a Year or More, Edison CEO Says
- California Workers’ Comp Bureau Submits Higher 2025 Pure Premium Rate Filing
- California’s Ban on Gasoline Cars Is Overturned by US House Vote
International & Reinsurance News
- Britain’s M&S Enters 2nd Week of Sales Disruption After Cyberattack
- Harrods Is Latest UK Retailer to Be Hit by Cyberattack
- Denmark Plans $1 Billion War Insurance for Merchant Shipping
- Apple Must Pay Optis $502 Million Lump Sum in UK Patent Dispute, Court Rules
- Rebrandings Announced by Acrisure and Clear Group Subsidiaries in UK
- Scientists Tally Oil Majors’ Climate Damage With Eye to Legal Liability
Insurance Journal Blogs and Columns
- Smarter Client Communication Starts Here: Transform Your Agency with EZLynx Email Content Assist
- BOND: Not an ‘Ugly’ 4-Letter Word
- How an Upgrade to Producer Onboarding Can Fuel Carrier Growth: A Life Insurer’s Perspective
- Unlocking the Power of RQB and AI for MGAs and Wholesalers: Enhancing Efficiency with Expert Insured
- Navigating Change in the Excess & Surplus Contract Binding Market
- Transforming MGA and Wholesaler Accounting with Expert Insured’s Tailored Accounting Solution
Quote of Note
"Insurance carriers are paying more attention to underwriting and selecting accounts they want to do business with and being very competitive on those."
More Quotes Brian F. Cooper, managing director, National Construction Practice, for Gallagher Construction Services in San Francisco.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Trupanion, Inc. | TRUP | $45.00 | +23.49% |
| Skyward Specialty Insurance Group, Inc. | SKWD | $58.63 | +9.45% |
| Goosehead Insurance, Inc | GSHD | $102.38 | +5.42% |
| Palomar Holdings, Inc. | PLMR | $151.81 | +5.38% |
| Kinsale Capital Group, Inc. | KNSL | $448.80 | +5.24% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| ProAssurance Corporation | PRA | $23.00 | -0.17% |
| Selective Insurance Group, Inc. | SIGI | $87.68 | +0.91% |
| The Allstate Corporation | ALL | $199.30 | +1.04% |
| Kingstone Companies, Inc. | KINS | $17.87 | +1.19% |
| Donegal Group Inc. | DGIC.A | $19.60 | +1.24% |