AM Best warned the event could have a longer tail as threat actors may wait to act.
The average premium now exceeds the average tax bill in two-thirds of US counties.
- Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously?
- Florida AG Sues Climate Modeler First Street Over Home Risk Scores
- PHP Security Flaws Highlight Potential Systemic Risk Aggregation for Cyber Insurers
- PwC Confirms Cybersecurity Incident Involving Employee Learning Records
- Cyber Direct Premiums Are Up but Majority of Policies Are Endorsements: NAIC
- PG&E Weighs Gas Business Separation Over California Fire Rules
- Chili’s Workers’ Suit Challenges New York State’s Lower Wage for Tipped Workers
- Delaware High Court Affirms Order for Verisk to Honor AccuLynx Merger Agreement
- GEICO Returns $10.5 Million to New Jersey Policyholders
- Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously?
- New York Archdiocese and Survivors of Clergy Abuse Reach $800 Million Settlement
- People Moves: Velocity CEO Rothfuss to Join Selective Insurance
- Edison Must Face Jury Over Equipment’s Role in Massive California Fire
- Washington Roofer Fined After Worker Dies in Fall Through Skylight
- People Moves: Aspire Promotes Product Management Team Leaders Adams and Hughes
- Nearly $1 Million in Trading Cards Stolen From Fedex Truck in California
- California Launches Nature, Biodiversity and Insurance Commission
- IIHS: Utah’s Strict Alcohol Limit Linked to Lasting Drop in Crashes
- Black Lung Disease Hits 50-Year High, Report Says, as Claims Payments Climb Steadily
- Florida AG Sues Climate Modeler First Street Over Home Risk Scores
- Six Flags to Install Seat Belts on Georgia Roller Coaster After Rider’s Death
- Florida’s 2021 Presuit Notice Law Is Not Retroactive, State Supreme Court Says
- Florida Reforms Cut Property Premiums but Data Show Multifamily Liability Rates Up
- South Florida Facing Higher King Tide Floods, Worsened by Winds and Rain
- Marine Life Declined in Gulf of Mexico After BP Oil Spill, Study Finds
- Texas Attorney General Sues ChatGPT-maker OpenAI
- World Acquires Texas’ Zoom Insurance
- Texas Hill Country Floods Inspire New Law for Emergency Weather Alerts
- Oklahoma Landlord to Pay $52K for Violating Fair Housing Act
- TCEQ Shuts Down Online Permit Filing System After Data Center Controversy
- People Moves: CM Vantage Appoints Finnegan as Managing Director, Casualty; Alliant Adds Sprangler to Midwest Benefits Team
- Explosion and Fire Erupt at Quaker Oats Plant in Iowa
- Ohio Judge Blocks Lawmakers From Killing Clean Air Law
- Michigan, Ohio Gas Prices Spike Further Amid Refinery Breakdown
- AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members
- Illinois Company Faces $380K Fine for Exposing Employees to Unprotected Trench
National News
- Meta and Snap Face Major Legal Test of Youth Social Media Addiction Claims
- Delaware High Court Affirms Order for Verisk to Honor AccuLynx Merger Agreement
- JD Power: Total Loss Auto Claims Weigh Down Insurance Customer Satisfaction
- AI Cybersecurity Startup Upwind Raises at $3.8 Billion Value
- PwC Confirms Cybersecurity Incident Involving Employee Learning Records
- PHP Security Flaws Highlight Potential Systemic Risk Aggregation for Cyber Insurers
- Q3 Net Income Up 23% at The Hartford
- Guidewire to Buy UK Insurance AI Firm hyperexponential in Deal Worth Up to $2.1B
East News
- Chili’s Workers’ Suit Challenges New York State’s Lower Wage for Tipped Workers
- Delaware High Court Affirms Order for Verisk to Honor AccuLynx Merger Agreement
- GEICO Returns $10.5 Million to New Jersey Policyholders
- Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously?
- New York Archdiocese and Survivors of Clergy Abuse Reach $800 Million Settlement
- People Moves: Velocity CEO Rothfuss to Join Selective Insurance
Midwest News
- People Moves: CM Vantage Appoints Finnegan as Managing Director, Casualty; Alliant Adds Sprangler to Midwest Benefits Team
- Explosion and Fire Erupt at Quaker Oats Plant in Iowa
- Ohio Judge Blocks Lawmakers From Killing Clean Air Law
- Michigan, Ohio Gas Prices Spike Further Amid Refinery Breakdown
- AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members
- Illinois Company Faces $380K Fine for Exposing Employees to Unprotected Trench
Because smoke claims are typically high after wildfires, the new law will add to the already considerable workload.
Texas / South Central News
- Marine Life Declined in Gulf of Mexico After BP Oil Spill, Study Finds
- Texas Attorney General Sues ChatGPT-Maker OpenAI
- World Acquires Texas’ Zoom Insurance
- Texas Hill Country Floods Inspire New Law for Emergency Weather Alerts
- Oklahoma Landlord to Pay $52K for Violating Fair Housing Act
- TCEQ Shuts Down Online Permit Filing System After Data Center Controversy
Southeast News
- Black Lung Disease Hits 50-Year High, Report Says, as Claims Payments Climb Steadily
- Florida AG Sues Climate Modeler First Street Over Home Risk Scores
- Six Flags to Install Seat Belts on Georgia Roller Coaster After Rider’s Death
- Florida’s 2021 Presuit Notice Law Is Not Retroactive, State Supreme Court Says
- Florida Reforms Cut Property Premiums but Data Show Multifamily Liability Rates Up
- South Florida Facing Higher King Tide Floods, Worsened by Winds and Rain
Some of South Korea’s major financial investment companies suffered widespread hacking.
West News
- Edison Must Face Jury Over Equipment’s Role in Massive California Fire
- Washington Roofer Fined After Worker Dies in Fall Through Skylight
- People Moves: Aspire Promotes Product Management Team Leaders Adams and Hughes
- Nearly $1 Million in Trading Cards Stolen From Fedex Truck in California
- California Launches Nature, Biodiversity and Insurance Commission
- IIHS: Utah’s Strict Alcohol Limit Linked to Lasting Drop in Crashes
International & Reinsurance News
- Korea Financial Firms Hit By More Hacks as Asia Breaches Grow
- Can AI Replace Government Jobs? The World Is Watching the Dutch.
- Spanish Train Crash Kills at Least 64 People South of Madrid
- US Tells Ships to Avoid Unnecessary Transits Through Hormuz
- Health Damages From Climate Change Are Increasing Faster: Report
- PHP Security Flaws Highlight Potential Systemic Risk Aggregation for Cyber Insurers
- Turkish Insurer Sinks as Top Executives Arrested in Fund Probe
- India Braces for Cyclone as El Niño Upends Global Storm Seasons
Insurance Journal Blogs and Columns
- Evaluating Commercial Replacement Cost Estimates: Beyond the Numbers Finale
- Why the Operation That Worked at $50M Breaks at $150M
- 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
Quote of Note
"In 2008, you could have probably sat the whole of the London M&A insurance community round a meeting room table. Now there are more than 300 people in that market."
More Quotes Adrian Furlonge, partner at M&A insurance broker Helmsley Wynne Furlonge.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Neptune Insurance Holdings Inc. | NP | $29.47 | +3.88% |
| Presurance Holdings, Inc. | PRHI | $7.15 | +2.58% |
| Cincinnati Financial Corporation | CINF | $181.41 | +2.31% |
| Lemonade, Inc. | LMND | $45.91 | +1.84% |
| Orion180 Insurance Group Inc. | OIG | $9.26 | +1.31% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| TWFG, Inc. | TWFG | $27.25 | -6.13% |
| Palomar Holdings, Inc. | PLMR | $134.06 | -5.05% |
| Brown & Brown, Inc. | BRO | $67.55 | -4.97% |
| Global Indemnity Group, LLC | GBLI | $24.25 | -4.75% |
| Ryan Specialty Holdings, Inc. | RYAN | $42.38 | -4.70% |