ACE American Insurance Co. wants to recover $500,000 it paid to a policyholder.
2024 was the 7th straight year of double-digit growth for U.S. excess and surplus lines.
- Typhoon Ragasa Eclipses Mangkhut in Hong Kong’s Wild Weather Run
- Starbucks Workers Sue Over Company’s New Dress Code
- Hershey Wins Lawsuit Claiming Reese’s Candies Aren’t Spooky
- Jaguar Land Rover Cyberattack Shutdown to Hit 4 Weeks; Insurance Cover in Question
- Reviving RadioShack Online Turned Into Ponzi Scheme, SEC Claims
- Two More HO Insurers Join Florida Market, One Led by Former Metromile CEO
- Karen Read’s Lawyers Ask Judge to Dismiss Part of Wrongful Death Lawsuit
- ALKEME Acquires New York City Real Estate Specialist Gotham Brokerage
- Mutual Growth Strategy: Northern Neck Insurance to Acquire Frederick Mutual
- New Jersey Panel Issues Recommendations on Social Media Use by Teens
- Maryland Man Charged in Ponzi Scheme Claimed He Knew Buffett’s Investments
- Jury Awards $83 Million in Asbestos Case Involving Ceramics Products
- People Moves: LP Insurance Appoints Thompson as First Chief Financial Officer
- Guillermo del Toro Almost Lost His Movie Memorabilia in California Wildfire
- California Couple Charged With Insurance Fraud, Identity Theft and Conspiracy
- Root Insurance Expands Driving Behavior Product to Washington
- People Moves: Courts Joins Alliant Retirement Consulting; Lalli Joins Alliant’s Southwest Employee Benefits Team
- California Won’t Replace Expiring $7,500 Federal EV Tax Credit
- OneDigital Plans More Expansion With $2.3B Investment from Canada, Stone Point
- Two More HO Insurers Join Florida Market, One Led by Former Metromile CEO
- Florida Adjuster Convicted for Sending Carrier Checks to His Fake Firm
- Judge Clears Florida Officer in Shooting of UPS Driver, Citing ‘Stand Your Ground’
- NC Postal Worker Pleads to Lying About Work While Gaining $500K in Benefits
- Insurers Fighting $345M Georgia School Abuse Award, With Policy Wording at Issue
- AM Best Revises Credit Rating Outlook to Positive for Texas’ National Unity
- West Texas Wants to Sell Natural Gas to Power AI Data Centers, But Lacks Infrastructure
- Hundreds of Flights Snarled at Dallas Airports Over Equipment Issues, FAA Says
- People Moves: Alliant Adds Cox to Employee Benefits Team
- Texas Insurance Agent Pleaded Guilty After Stealing Premiums
- People Moves: IMA Financial Group Names Leadership Appointments in Houston Office
- Man Pleads Guilty to Setting Fires at 2 Minnesota Mosques
- Michigan Reaches Settlements With Paper Mill Over PFAS Contamination
- Illinois Labor Union to Pay $110K Over Race Discrimination Lawsuit
- Electric Tractors Gain Traction Among Farmers Seeking Eco-Friendly Options
- The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services
- WalkerHughes Insurance Adds Indiana’s Brady Benefits to Midwest Platform
National News
- New Visa Fees Spur Offshoring Talks, Hiring Turmoil
- Reviving RadioShack Online Turned Into Ponzi Scheme, SEC Claims
- People Moves: XS Brokers Promotes Wirkus to CEO, McVicker President
- Parents Slam OpenAI, Character.AI Over Safety in Senate Hearing
- [Video] In Construction, Labor Shortages Now Compounded by Tariff Concerns
- Trump Warns Against Tylenol in Pregnancy Over Unproven Autism Fears
East News
- Karen Read’s Lawyers Ask Judge to Dismiss Part of Wrongful Death Lawsuit
- Court Reinstates Vermont Christian School to Sports League After Transgender Dispute
- ALKEME Acquires New York City Real Estate Specialist Gotham Brokerage
- Mutual Growth Strategy: Northern Neck Insurance to Acquire Frederick Mutual
- New Jersey Panel Issues Recommendations on Social Media Use by Teens
- Maryland Man Charged in Ponzi Scheme Claimed He Knew Buffett’s Investments
Midwest News
- Man Pleads Guilty to Setting Fires at 2 Minnesota Mosques
- Michigan Reaches Settlements With Paper Mill Over PFAS Contamination
- Illinois Labor Union to Pay $110K Over Race Discrimination Lawsuit
- Electric Tractors Gain Traction Among Farmers Seeking Eco-Friendly Options
- The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services
- WalkerHughes Insurance Adds Indiana’s Brady Benefits to Midwest Platform
Pressure may be mounting on Florida’s Citizens Property Insurance to reduce its use of state-agency arbitration for claims disputes.
Texas / South Central News
- AM Best Revises Credit Rating Outlook to Positive for Texas’ National Unity
- West Texas Wants to Sell Natural Gas to Power AI Data Centers, But Lacks Infrastructure
- Hundreds of Flights Snarled at Dallas Airports Over Equipment Issues, FAA Says
- People Moves: Alliant Adds Cox to Employee Benefits Team
- Texas Insurance Agent Pleaded Guilty After Stealing Premiums
- People Moves: IMA Financial Group Names Leadership Appointments in Houston Office
Southeast News
- OneDigital Plans More Expansion With $2.3B Investment from Canada, Stone Point
- Two More HO Insurers Join Florida Market, One Led by Former Metromile CEO
- Florida Adjuster Convicted for Sending Carrier Checks to His Fake Firm
- Judge Clears Florida Officer in Shooting of UPS Driver, Citing ‘Stand Your Ground’
- NC Postal Worker Pleads to Lying About Work While Gaining $500K in Benefits
- Insurers Fighting $345M Georgia School Abuse Award, With Policy Wording at Issue
Berkshire Hathaway Insurance Group and Lloyd’s round out the top five, said S&P.
West News
- People Moves: LP Insurance Appoints Thompson as First Chief Financial Officer
- Guillermo del Toro Almost Lost His Movie Memorabilia in California Wildfire
- California Couple Charged With Insurance Fraud, Identity Theft and Conspiracy
- Root Insurance Expands Driving Behavior Product to Washington
- People Moves: Courts Joins Alliant Retirement Consulting; Lalli Joins Alliant’s Southwest Employee Benefits Team
- California Won’t Replace Expiring $7,500 Federal EV Tax Credit
International & Reinsurance News
- Jaguar Land Rover Cyberattack Shutdown to Hit 4 Weeks; Insurance Cover in Question
- Drones, Systems Hack Test Europe’s Aviation Security Defenses
- Hong Kong’s Airlines Evacuate Planes as They Wait Out Typhoon Ragasa
- Autonomous Trucking Startup Gatik to Deploy 50 Rigs in Canada
- Typhoon Ragasa Eclipses Mangkhut in Hong Kong’s Wild Weather Run
- Europe Airport Chaos Highlights Rise in High-Profile Ransomware Attacks: Cyber Experts
- Bank of England’s Bailey Says AI Can Help Regulators to Find the ‘Smoking Gun’
- Chinese Regulator Summons ByteDance, Alibaba’s Platforms Over Content Violations
- Markets/Coverages: Tokio Marine Kiln Launches Enhanced Cyber Product Suite
Insurance Journal Blogs and Columns
- Banks Improperly Requesting Additional Insured Status – Part 2
- 7 Types of Agents Scorching Your Agency P&L
- The Most Common Trucking Cargo Claims and How to Avoid Them
- Banks Should NOT be Asking for Additional Insured Status
- Take Heed of the Tortoise and the Hare: Speeding Doesn’t Win
- How a High-M&A Insurance Agency Reduces Complexity at Scale
Quote of Note
"The widening global protection gap is a huge opportunity for insurers to fulfill their mandate as risk absorbers and improve societal resilience. In times of crisis, households need risk protection. Insurance is a key tool to help households reduce their financial vulnerability in disruptive environments."
More Quotes Jerome Jean Haegeli, group chief economist, Swiss Re
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Tiptree Inc. | TIPT | $24.74 | +3.51% |
| TWFG, Inc. | TWFG | $26.50 | +2.04% |
| Arthur J. Gallagher & Co. | AJG | $304.36 | +1.43% |
| Ryan Specialty Holdings, Inc. | RYAN | $54.48 | +1.06% |
| Kinsale Capital Group, Inc. | KNSL | $427.99 | +1.03% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $98.51 | -4.25% |
| Lemonade, Inc. | LMND | $57.52 | -3.62% |
| Ategrity Specialty Insurance Company Holdings | ASIC | $20.32 | -3.19% |
| Hippo Holdings Inc. | HIPO | $35.58 | -2.63% |
| American Coastal Insurance Corporation | ACIC | $11.16 | -2.62% |