The Category 2 hurricane will likely be an earnings event for insurers, added AM Best.
The average premium now exceeds the average tax bill in two-thirds of US counties.
- Chubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability
- AM Best: Social Inflation Drives Surge in Commercial Auto Liability Claims
- Hormuz Could Be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- Trump Signs Executive Order Aimed at Taming Housing Costs
- How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage
- Rhode Island Sues Meta Over Alleged Tolerance for Scam Advertising
- New York City Bans Horse-Drawn Carriages After Decade-Long Battle
- Connecticut Reports Major Carriers Lowering Rates for Auto, Home Insurance
- OSHA Proposes $648K in Fines for 6 Employers at New York Excavation Site
- Jury Awards $6.8 Million in Nursing Home Understaffing Class Action
- Eastern States’ Supermarkets Back Online After Cyber Incident
- Phoenix Hit by Hail and Strong Winds, Damaging Vehicles Across Valley
- Viewpoint: What a FAIR Plan Quote Does to a California Home Sale
- Washington Updates Insurance Claims Handling Rules, Sets New Deadlines
- Meta to Pay Historic $25 Billion in New Mexico Deception Case
- Cal/OSHA Assesses $212K in Penalties After Fatal California Tunnel Collapse
- People Moves: Kaufmann Joins SAGE as SVP
- Insurer Doesn’t Get a Mulligan in $12M Georgia Solar Farm Claim, Appeals Court Says
- Fire Destroys Much of Mississippi Senior Living Center
- Georgia Amusement Park Reopened After Ride Death but Coaster Still Closed
- Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees
- TN High Court Says ‘No’ to PE Ownership of Law Firms but Other Options Open
- Florida Commissioner Orders Unlicensed Home, Auto Warranty Firms to Cease Ops
- Oklahoma Landlord to Pay $52K for Violating Fair Housing Act
- TCEQ Shuts Down Online Permit Filing System After Data Center Controversy
- FEMA Won’t Help Texas After July 2026 Floods
- Illinois Company Faces $380K Fine for Exposing Employees to Unprotected Trench
- Texas Camp Hit by Floods Must Have New Manager, Judge Says
- US Says Screwworm Spreads to Wildlife for First Time
- Michigan, Ohio Gas Prices Spike Further Amid Refinery Breakdown
- AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members
- Delivery Robots Accused of Sharing Biometric Data Without Consent
- Truck Overturns in Kansas City, Spilling Cattle Onto Streets
- Iowa Man Indicted in Ponzi Scheme
- Home Insurance Tops Property Taxes in Squeeze for US Households
National News
- AM Best: Social Inflation Drives Surge in Commercial Auto Liability Claims
- Pentagon Clears Wind Farms in Permitting Reform Push
- FEMA Launches Online Purchasing for Flood Insurance Policies
- Viewpoint: Generational Shifts, Delayed Projects Are Shaping Builder’s Risk
- GM Targets ‘Eyes-Off’ Autonomous Driving for Pickups, SUVs
- AI Agents’ Access to Personal Information Raises Privacy Concerns
- Trump Signs Executive Order Aimed at Taming Housing Costs
East News
- Rhode Island Sues Meta Over Alleged Tolerance for Scam Advertising
- New York City Bans Horse-Drawn Carriages After Decade-Long Battle
- Connecticut Reports Major Carriers Lowering Rates for Auto, Home Insurance
- OSHA Proposes $648K in Fines for 6 Employers at New York Excavation Site
- Jury Awards $6.8 Million in Nursing Home Understaffing Class Action
- Eastern States’ Supermarkets Back Online After Cyber Incident
Midwest News
- Michigan, Ohio Gas Prices Spike Further Amid Refinery Breakdown
- AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members
- Delivery Robots Accused of Sharing Biometric Data Without Consent
- Truck Overturns in Kansas City, Spilling Cattle Onto Streets
- Iowa Man Indicted in Ponzi Scheme
- Home Insurance Tops Property Taxes in Squeeze for US Households
Because smoke claims are typically high after wildfires, the new law will add to the already considerable workload.
Texas / South Central News
- Oklahoma Landlord to Pay $52K for Violating Fair Housing Act
- TCEQ Shuts Down Online Permit Filing System After Data Center Controversy
- FEMA Won’t Help Texas After July 2026 Floods
- Illinois Company Faces $380K Fine for Exposing Employees to Unprotected Trench
- Texas Camp Hit by Floods Must Have New Manager, Judge Says
- US Says Screwworm Spreads to Wildlife for First Time
Southeast News
- Insurer Doesn’t Get a Mulligan in $12M Georgia Solar Farm Claim, Appeals Court Says
- Fire Destroys Much of Mississippi Senior Living Center
- Georgia Amusement Park Reopened After Ride Death but Coaster Still Closed
- Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees
- TN High Court Says ‘No’ to PE Ownership of Law Firms but Other Options Open
- Florida Commissioner Orders Unlicensed Home, Auto Warranty Firms to Cease Ops
Damage in France from recent street riots will reveal the extent of insurance coverage.
West News
- Phoenix Hit by Hail and Strong Winds, Damaging Vehicles Across Valley
- Viewpoint: What a FAIR Plan Quote Does to a California Home Sale
- Washington Updates Insurance Claims Handling Rules, Sets New Deadlines
- Meta to Pay Historic $25 Billion in New Mexico Deception Case
- People Moves: Kaufmann Joins SAGE as SVP
- Cal/OSHA Assesses $212K in Penalties After Fatal California Tunnel Collapse
International & Reinsurance News
- Romania Blames Russia for Drone That Sinks Cargo Ship; 1 Killed, 3 Missing
- Russia-Linked Hackers Used Decentralized Network in Ukraine Cyberattack: ESET
- Taiwan Shuts $5 Trillion Stock Market as Typhoon Nears
- Meta Sued in Australian Class Action Over Alleged Social Media Harm to Children
- Storm Austen Knocks Out Power to Almost 300,000 French Homes
- Markets/Coverages: Allianz UK Enhances Renewable Energy Cover, With Multi-Tech Offer
Insurance Journal Blogs and Columns
- Evaluating Commercial Replacement Cost Estimates: Beyond the Numbers Part 2
- The Last Manual Frontier: Why Claims Automation Stalls at the Supplement
- How AI is Changing Insurance Document Research
- Evaluating Commercial Replacement Cost Estimates: Beyond the Numbers Part 1
- The Part of the Underwriting Workflow Where a $300,000 Mistake Hides
- What Operationally Consistent Client Service Actually Looks Like
Sponsored Newswire
More Sponsored NewswiresQuote 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 |
|---|---|---|---|
| Goosehead Insurance, Inc. | GSHD | $50.62 | +11.69% |
| TWFG, Inc. | TWFG | $28.67 | +8.64% |
| Brown & Brown, Inc. | BRO | $74.49 | +5.61% |
| Ryan Specialty Holdings, Inc. | RYAN | $44.49 | +5.28% |
| Erie Indemnity Company | ERIE | $256.80 | +5.19% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Ategrity Specialty Insurance Company Holdings | ASIC | $23.80 | -14.60% |
| Presurance Holdings, Inc. | PRHI | $7.12 | -2.20% |
| Orion180 Insurance Group Inc. | OIG | $8.93 | -0.89% |
| Old Republic International Corporation | ORI | $40.08 | -0.12% |
| Bowhead Specialty Holdings Inc. | BOW | $34.10 | +0.03% |