AM Best said there are “warning signs” for the directors & offers liability market.
Cost savings are broadly falling short of projections, said a survey by Bain & Co.
- Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete
- Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them
- Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk
- AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says
- Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration
- Roof Costs Soar Even as Claims Decline: Verisk
- Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death
- Court Rejects NRA Ex-Leader LaPierre’s Appeal of NY’s $4.3M Judgment
- People Moves: Maine Insurance Superintendent Carey Retires
- Fatal Virginia Bus Crash Raises Questions About Bus Safety, Driver and Company
- United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap
- Newsrooms Sue Leaders of Penn State Trustees Over ‘Gag Policy’
- Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car
- California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
- People Moves: Delos Names Schween CTO; Legner Joins Trucordia as Agriculture Platform Senior VP; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker
- Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs
- Environmental Brokers Busier Following Washington Chemical Plant Blast
- Tesla Settles Some Worker Racism Claims as Bigger Trial Looms
- Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
- Miami Moves to Seize Part of Posh Island After Fuel Fight
- Trump Admin Wants to Close Watchdog on West Virginia’s Chemical Disasters
- Georgia Commissioner’s Office Offers $10,000 Reward for Help on String of Arsons
- Shepherd Corrals Another SW Florida Agency—Responsive Insurance in Naples
- Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them
- Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement
- Artist Suing FIFA Over Destruction of Dallas Whale Mural
- Corpus Christi Delays Decision on Billion-Dollar Water Plant
- Deadly Screwworm Parasite Found in US Threatens Cattle Herd
- Okla. Workers’ Compensation Commission Warns of Scam Targeting Injured Workers
- Texas Lifts Bans on CDLs for Temporary Agriculture Workers
- Iowa’s Water Pollution Threatens Recreational Activities and Public Health
- Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case
- Ohio Sues Contractor for Incomplete Home Improvement
- Biggest Diesel Shock Since 2022 Deals Another Blow to US Farmers
- Illinois Employee Benefits Administrator Sued for Disability Discrimination
- AM Best Revises Credit Rating Outlook of Nebraska’s FMNE to Stable
National News
- D&O Market Expected to Tighten Under Pressure, Says AM Best
- Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk
- Trump Approves $700 Million in Bid to Revive Coal Industry
- Merck to Settle Bulk of Gardasil Suits for About $50 Million
- Mastercard, American Eagle Boost Pride Month Spending Despite Backlash
- Paramount to Face Legal Challenge From States on Warner Deal
East News
- Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death
- Court Rejects NRA Ex-Leader LaPierre’s Appeal of NY’s $4.3M Judgment
- People Moves: Maine Insurance Superintendent Carey Retires
- Fatal Virginia Bus Crash Raises Questions About Bus Safety, Driver and Company
- United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap
- Newsrooms Sue Leaders of Penn State Trustees Over ‘Gag Policy’
Midwest News
- Iowa’s Water Pollution Threatens Recreational Activities and Public Health
- Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case
- Ohio Sues Contractor for Incomplete Home Improvement
- Biggest Diesel Shock Since 2022 Deals Another Blow to US Farmers
- Illinois Employee Benefits Administrator Sued for Disability Discrimination
- AM Best Revises Credit Rating Outlook of Nebraska’s FMNE to Stable
Schools claim addiction to social media platforms disrupted learning and forced them to spend on a mental health crisis.
Texas / South Central News
- Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement
- Artist Suing FIFA Over Destruction of Dallas Whale Mural
- Corpus Christi Delays Decision on Billion-Dollar Water Plant
- Deadly Screwworm Parasite Found in US Threatens Cattle Herd
- Okla. Workers’ Compensation Commission Warns of Scam Targeting Injured Workers
- Texas Lifts Bans on CDLs for Temporary Agriculture Workers
Southeast News
- Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
- Hail Fire: NC Couple Charged With Making Duplicate Claims for Same Damage
- Miami Moves to Seize Part of Posh Island After Fuel Fight
- Trump Admin Wants to Close Watchdog on West Virginia’s Chemical Disasters
- Georgia Commissioner’s Office Offers $10,000 Reward for Help on String of Arsons
- Shepherd Corrals Another SW Florida Agency—Responsive Insurance in Naples
The technology may be maturing faster than the operating models around it, said AM Best.
West News
- Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car
- California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
- People Moves: Delos Names Schween CTO; Legner Joins Trucordia as Agriculture Platform Senior VP; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker
- Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs
- Environmental Brokers Busier Following Washington Chemical Plant Blast
- Tesla Settles Some Worker Racism Claims as Bigger Trial Looms
International & Reinsurance News
- Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea
- Update: Iran Announces End to Attacks on Israel Following Trump’s Plea
- Thai Consumer Watchdog to File Civil Suit Against Volvo Cars’ Thai Unit, Official Says
- UK’s Legal & General Says Energy Transition Is ‘Alive and Well’
- Howard Hughes Holdings Completes $2.1B Acquisition of Re/insurer Vantage Group
- Markets/Coverages: Fidelis Forms PVT Consortium for Rising Global Capacity Demand
Insurance Journal Blogs and Columns
- How employee assistance programs drive better workers’ comp outcomes
- Mind the Gap: D&O Runoff in M&A Transactions
- Renewals Don’t Have to Be a Fire Drill
- Cut Manual Work: Insurance Operations Automation with EZLynx
- Securing Favorable Terms on Unbundled Business Auto Coverage
- Cotality’s Focus on Interoperability: Producing End-to-End Trust for Insurance and Restoration
Quote of Note
"We believe that COVID has resulted in a flight to quality and we are benefiting from this market dynamic."
More Quotes Peter Zaffino, AIG president and chief operating officer
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Goosehead Insurance, Inc. | GSHD | $38.35 | +7.06% |
| Neptune Insurance Holdings Inc. | NP | $25.49 | +5.86% |
| Bowhead Specialty Holdings Inc. | BOW | $25.75 | +5.53% |
| Universal Insurance Holdings, Inc. | UVE | $37.34 | +5.24% |
| Palomar Holdings, Inc. | PLMR | $108.51 | +5.07% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $5.32 | -6.50% |
| Reliance Global Group, Inc. | EZRA | $3.56 | -5.20% |
| Global Indemnity Group, LLC | GBLI | $26.68 | -1.20% |
| Lemonade, Inc. | LMND | $51.46 | -0.21% |
| James River Group Holdings, Inc. | JRVR | $3.96 | +0.00 |