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
- Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
- Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk
- Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car
- D&O Market Expected to Tighten Under Pressure, Says AM Best
- 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
- 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
- People Moves: CorVel Names Scott as CEO and President
- Deadly Screwworm Pest Spreads in Texas With Two New Cases
- 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
- Tyco to Pay $10M Settlement With Wisconsin Over PFAS Contamination
- Illinois Joins Ohio in Ordering Pause on Data Center Tax Credits
- 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
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
- Tyco to Pay $10M Settlement With Wisconsin Over PFAS Contamination
- Illinois Joins Ohio in Ordering Pause on Data Center Tax Credits
- 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
Acrisure filed a lawsuit accusing former employees of using intellectual property to peel away clients.
Texas / South Central News
- People Moves: CorVel Names Scott as CEO and President
- Deadly Screwworm Pest Spreads in Texas With Two New Cases
- 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
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
- 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’
- Markets/Coverages: Willis Expands Int’l Property Facility, With $60M Follow Capacity
- People Moves: Specialty MGA Taps Marsh’s Smithson to Head Global Financial Lines and Cyber Division; UIB Names Burns and Wilcox’s Webb as Divisional Director – Binders
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've been wondering when the metaphorical dam's going to break, and the product liabilities are going to come out of the woodwork. I feel like we're starting to see the cracks in the foundation happening now, in respect of the product recalls.
More Quotes Insuring Cannabis panelist Jodi Green, an attorney at Miller Nash LLP.
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 |