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
- Maryland Takes Action Against Erie Insurance Over Bias Claims
- US Opens Probes After Army Helicopter Forces 2 DC Flights to Abort Landings
- Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI
- Buffett to Step Down Following Six-Decade Run Atop Berkshire
- Heritage Files Libel, Defamation Suit vs. Adjuster After ’60 Minutes’ Report
- US Opens Probes After Army Helicopter Forces 2 DC Flights to Abort Landings
- ‘Sensitive’ Security Report Into Arson at Governor’s Mansion Won’t Be Made Public
- Second Person Charged With Arson in New Jersey Pine Barrens Fire
- 11 Face Charges in NY School Hazing That Allegedly Included Staged Armed Abduction
- Man Who Fell 21 Feet to Warning Track at Pittsburgh Ballpark Improving
- Dashboard Shows New York City Paid Almost $2 Billion to Settle Claims in 2024
- In The Wake of Devastating LA Fires, Residents Begin to Rebuild
- Driver of Tour Van Involved in Deadly Idaho Crash Was Licensed in California
- Washington Issues Citations for Warehouse Quota, Safety Violations
- 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
- AAA’s Members, Universal Pay Fines, $2.6 Million in Refunds After NC Conduct Report
- ICE Joins DeSantis in Touting Record Number of Arrests of Illegal Immigrants
- Feds Charge White Supremacist Over 2019 Arson at Tennessee School
- North Carolina Man Charged With ID Theft, Filing Multiple Auto Claims
- TWFG Acquires Agencies in Texas and North Carolina
- Florida Citizens ‘Going Naked’ on Reinsurance Below Cat Fund Layer
- AmeriCorps Cuts Leave Vulnerable Homeowners Struggling After Natural Disasters
- TWFG Acquires Agencies in Texas and North Carolina
- Space X Workers in South Texas Approve Measure to Incorporate Area as a New City
- 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
- Insurers Paid $612M on Kansas Storm Damage Claims in 2024
- Mother of Dead Inmate Sues Troubled Wisconsin Prison
- 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
National News
- Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate
- Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI
- Buffett to Step Down Following Six-Decade Run Atop Berkshire
- Q1 Net Income at CNA Financial Down 19%
- Why Trump Is Ending Enforcement of Civil Rights Laws That Ban ‘Disparate Impact’
- Judge Allows Testimony That Abbott, Mead Johnson Baby Formula Caused Disease
East News
- US Opens Probes After Army Helicopter Forces 2 DC Flights to Abort Landings
- ‘Sensitive’ Security Report Into Arson at Governor’s Mansion Won’t Be Made Public
- Second Person Charged With Arson in New Jersey Pine Barrens Fire
- 11 Face Charges in NY School Hazing That Allegedly Included Staged Armed Abduction
- Man Who Fell 21 Feet to Warning Track at Pittsburgh Ballpark Improving
- Dashboard Shows New York City Paid Almost $2 Billion to Settle Claims in 2024
Midwest News
- Insurers Paid $612M on Kansas Storm Damage Claims in 2024
- Mother of Dead Inmate Sues Troubled Wisconsin Prison
- 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
Officials said it is not cost efficient for Citizens to purchase risk transfer below the Cat Fund.
Texas / South Central News
- AmeriCorps Cuts Leave Vulnerable Homeowners Struggling After Natural Disasters
- TWFG Acquires Agencies in Texas and North Carolina
- Space X Workers in South Texas Approve Measure to Incorporate Area as a New City
- 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
Southeast News
- AAA’s Members, Universal Pay Fines, $2.6 Million in Refunds After NC Conduct Report
- ICE Joins DeSantis in Touting Record Number of Arrests of Illegal Immigrants
- Feds Charge White Supremacist Over 2019 Arson at Tennessee School
- North Carolina Man Charged With ID Theft, Filing Multiple Auto Claims
- TWFG Acquires Agencies in Texas and North Carolina
- Florida Citizens ‘Going Naked’ on Reinsurance Below Cat Fund Layer
A senior UK minister will warn businesses to protect themselves against cyber threats.
West News
- In The Wake of Devastating LA Fires, Residents Begin to Rebuild
- Driver of Tour Van Involved in Deadly Idaho Crash Was Licensed in California
- Washington Issues Citations for Warehouse Quota, Safety Violations
- 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
International & Reinsurance News
- UK Minister Tells Businesses to ‘Wake Up’ After Marks & Spencer Hack
- UK Grocer Co-op Says Hackers Obtained Customer Data
- Spain Discloses New Power Grid Failure on Day of the Blackout
- TikTok Fined €530 Million for Illegally Sending EU Data to China
- Flights Again Halted to Israel After Houthi Missile Lands Near Airport
- Markets/Coverages: AXIS Launches Cyber and Liability Policy for Canadian SMEs
- People Moves: Aon Names DiLorenzo as Head of US Casualty for Reinsurance Solutions; Brit Promotes Mudd to Active Underwriter for Syndicate 2988
Insurance Journal Blogs and Columns
- Generative and Agentic AI in Insurance: Breaking Down the Risks and Opportunities
- 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
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% |