The lawsuit is against another group of former employees for breach of employee contracts.
Property-Liability booked underwriting income of $2.9 billion compared with $495 million.
- Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa
- Onex CEO Sees Potential for More Insurance Deals After AIG Win
- What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth
- Bipartisan Legislation Introduced to Retroactively Restore NFIP
- Fire Destroys Miami Heat Coach’s $6.5M Home in Coral Gables
- As in Florida, Georgia Saw Big Jump in Lawsuits Ahead of Major Litigation Limits
- Cornell Strikes Deal With White House to Restore Funding
- New York Law Requiring Algorithmic Pricing Disclosure Goes Into Effect
- Vermont Christian School Challenges State’s Education Funding as Discriminatory
- Four Indicted for Roles in New Jersey Home Invasion, Auto Theft Ring
- Jury Awards $10 Million to Virginia Teacher Shot by 6-Year Old Student
- Landlord Gets Another Chance to Hold Broker Liable for Failed Lead Paint Disclosure
- Crews Work to Fix Alaska Native Villages Devastated by Floods
- California Gets $3.2M Settlement From Software Company for Breached Student Data
- People Moves: Wong Named WCIRB Chief Information Officer
- Washington Woman’s Fraud Conviction Saves System $1.3M in Lifetime Payments
- People Moves: Mutual of Enumclaw Hires New Executives; King & Neel Appoints Itami and King to Leadership
- Wildfire Victims Ask Gov. Newsom to Call for Insurance Commissioner’s Resignation
- As in Florida, Georgia Saw Big Jump in Lawsuits Ahead of Major Litigation Limits
- Fire Destroys Miami Heat Coach’s $6.5M Home in Coral Gables
- Coal Miners With Black Lung Say Government Cuts Are Suffocating the Working Man
- Baldwin Group Posts $30M Q3 Loss But Expects More Embedded Builders Growth
- Explosion at Mississippi Chemical Plant Causes Ammonia Leak, Evacuations
- Former Injury Lawyer and SC House Member Indicted on Charges of Defrauding Clients
- Texas Sues Roblox Over Alleged Exposure of Children to Sexually Explicit Content
- Texas Workers’ Compensation System Reports $12M Loss in 2024, Report Finds
- Louisiana Farm Bureau to Benefit From Demutualization, AM Best Says
- Texas Asks Court to Halt Kenvue Tylenol Marketing, Dividend
- Americans Are Moving Out of Flood-Prone Neighborhoods
- TWIA Board Votes on 2026 Operating Budget
- Snow Set to Wallop Chicago as Cold Blast Aims for East Coast
- Missouri DCI Tells Insurers to Halt Condo Policy Cancellations
- Chicago Jury is Picked in Boeing Trial Over Payouts Related to Ethiopia Crash
- AM Best Revises Outlook to Positive for Michigan Millers Mutual
- Iowa Contractor Arrested for Insurance Fraud
- Coalition Acquires MDR Provider Wirespeed
National News
- Register: Risky Future AI Tools for MGAs ‘Demo Day’ on Nov. 12
- Buffett Strongly Backs CEO-Designate Abel, Plans to Keep Berkshire Shares
- What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth
- Bipartisan Legislation Introduced to Retroactively Restore NFIP
- Flight Delays, Cancellations Accelerate as Air Traffic Controller Shortages Surge
- Onex CEO Sees Potential for More Insurance Deals After AIG Win
- MIT Grad Brothers Fraud Jury Unable to Reach a Verdict
- GoDaddy Hit With $170M Patent Verdict Over Web-Design Tech
East News
- Cornell Strikes Deal With White House to Restore Funding
- New York Law Requiring Algorithmic Pricing Disclosure Goes Into Effect
- Vermont Christian School Challenges State’s Education Funding as Discriminatory
- Four Indicted for Roles in New Jersey Home Invasion, Auto Theft Ring
- Jury Awards $10 Million to Virginia Teacher Shot by 6-Year Old Student
- Landlord Gets Another Chance to Hold Broker Liable for Failed Lead Paint Disclosure
Midwest News
- Snow Set to Wallop Chicago as Cold Blast Aims for East Coast
- Missouri DCI Tells Insurers to Halt Condo Policy Cancellations
- Chicago Jury is Picked in Boeing Trial Over Payouts Related to Ethiopia Crash
- AM Best Revises Outlook to Positive for Michigan Millers Mutual
- Iowa Contractor Arrested for Insurance Fraud
- Coalition Acquires MDR Provider Wirespeed
The Category 5 hurricane made landfall last week in southwestern Jamaica, the nation's first major hurricane since 1988.
Texas / South Central News
- Texas Sues Roblox Over Alleged Exposure of Children to Sexually Explicit Content
- Texas Workers’ Compensation System Reports $12M Loss in 2024, Report Finds
- Louisiana Farm Bureau to Benefit From Demutualization, AM Best Says
- Texas Asks Court to Halt Kenvue Tylenol Marketing, Dividend
- Americans Are Moving Out of Flood-Prone Neighborhoods
- TWIA Board Votes on 2026 Operating Budget
Southeast News
- As in Florida, Georgia Saw Big Jump in Lawsuits Ahead of Major Litigation Limits
- Fire Destroys Miami Heat Coach’s $6.5M Home in Coral Gables
- Coal Miners With Black Lung Say Government Cuts Are Suffocating the Working Man
- Baldwin Group Posts $30M Q3 Loss But Expects More Embedded Builders Growth
- Explosion at Mississippi Chemical Plant Causes Ammonia Leak, Evacuations
- Former Injury Lawyer and SC House Member Indicted on Charges of Defrauding Clients
A rise in privacy litigation has motivated some insurers to take another look at the risk.
West News
- Crews Work to Fix Alaska Native Villages Devastated by Floods
- California Gets $3.2M Settlement From Software Company for Breached Student Data
- People Moves: Wong Named WCIRB Chief Information Officer
- Washington Woman’s Fraud Conviction Saves System $1.3M in Lifetime Payments
- People Moves: Mutual of Enumclaw Hires New Executives; King & Neel Appoints Itami and King to Leadership
- Wildfire Victims Ask Gov. Newsom to Call for Insurance Commissioner’s Resignation
International & Reinsurance News
- Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa
- Japan Firms Win Big Benefits From Spending on Climate Resilience, CDP Says
- New Zealand Firefighters Say Tongariro Wildfire Is Coming Under Control
- Update: EU Warship Secures Tanker Crew Following Somali Pirate Attack
- Typhoon Set to Swing Toward Taiwan After Ripping Philippines
- People Moves: IUA Names Convex’s Butt as Chair as McDonald’s 2-Year Term Ends
Insurance Journal Blogs and Columns
- How EZLynx is Empowering the Next Generation of Insurance with AI
- Highlights from Applied Net 2025: Transforming Agencies with EZLynx Innovations
- Taking Your Construction Company to the Next Level
- Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes
- How to Use Content Marketing to Grow Your Insurance Agency
- Applied Acquires Cytora: Supercharging the Digital Roundtrip of Insurance with AI
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 |
|---|---|---|---|
| Root, Inc. | ROOT | $90.86 | +14.90% |
| Lemonade, Inc. | LMND | $78.87 | +5.13% |
| Hagerty, Inc. | HGTY | $12.94 | +4.10% |
| HCI Group, Inc. | HCI | $188.60 | +3.97% |
| Tiptree Inc. | TIPT | $19.10 | +3.86% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Erie Indemnity Company | ERIE | $277.63 | -2.53% |
| Heritage Insurance Holdings, Inc. | HRTG | $28.91 | -2.13% |
| Kinsale Capital Group, Inc. | KNSL | $391.07 | -1.79% |
| Ryan Specialty Holdings, Inc. | RYAN | $57.13 | -1.60% |
| American Coastal Insurance Corporation | ACIC | $11.97 | -1.40% |