Greg Abel, vice chair for non-insurance operations, will take charge upon approval.
CEO Tom Wilson said he doesn't expect auto insurers to get more aggressive on pricing.
- Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate
- Buffett to Step Down Following Six-Decade Run Atop Berkshire
- Florida Bill Passes Making it Easier for Agents to Seek Surplus Lines Coverage
- M&S, Co-op Cyberattackers Duped IT Help Desks Into Resetting Passwords, Report Says
- US Opens Probes After Army Helicopter Forces 2 DC Flights to Abort Landings
- Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming?
- Air Traffic Control Lost Contact With Newark Aircraft; DOT Vows ‘Brand New System’
- DoorDash Is Latest Tech Firm to Commit Millions to New York City Elections
- Smoke Shop Ordered to Pay $4.9 Million for ‘Persistent Illegal Cannabis Sales’
- Ex-State Trooper Found Guilty of Taking Bribes to Pass Commercial Drivers
- Hub Acquires Allegiant Global Partners of Massachusetts
- 11 Face Charges in NY School Hazing That Allegedly Included Staged Armed Abduction
- Oregon’s Compensable Worker Fatalities Down in 2024, Report Shows
- People Moves: Mutual of Enumclaw Hires Otis as President and CEO
- In The Wake of Devastating LA Fires, Residents Begin to Rebuild
- Driver of Tour Van Involved in Deadly Idaho Crash Was Licensed in California
- Washington Issues Citations for Warehouse Quota, Safety Violations
- Hawaii Plans to Increase Hotel Tax to Help It With Climate Change Mitigation
- Florida Bill Passes Making it Easier for Agents to Seek Surplus Lines Coverage
- NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years
- Hurricane Forecasts Are Better Than Ever But NOAA Cuts Could Change That
- AAA’s Members, Universal Pay Fines, $2.6 Million in Refunds After NC Conduct Report
- ICE Joins DeSantis in Touting Record Number of Arrests of Illegal Immigrants
- Feds Charge White Supremacist Over 2019 Arson at Tennessee School
- North Carolina Man Charged With ID Theft, Filing Multiple Auto Claims
- TWFG Acquires Agencies in Texas and North Carolina
- AmeriCorps Cuts Leave Vulnerable Homeowners Struggling After Natural Disasters
- TWFG Acquires Agencies in Texas and North Carolina
- Space X Workers in South Texas Approve Measure to Incorporate Area as a New City
- Texas Mutual Approves $330M General Dividend Distribution
- This Texas E&S Carrier Is Implementing Natural Language Processing
- Fired State Employees Breached the Personal Data of 33K More Texans
- Insurers Paid $612M on Kansas Storm Damage Claims in 2024
- Mother of Dead Inmate Sues Troubled Wisconsin Prison
- Lawmakers in 3 States Want to Roll Back Paid Sick Leave Benefits
- Ohio Residents Divided Over Norfolk Southern Settlement Agreement
- Trump Administration Sues Michigan to Halt State’s Fossil Fuel Lawsuit Plan
- Ohio Eatery to Pay $125K Over Race Discrimination Lawsuit
National News
- Lemonade Posts Q1 Loss on Wildfires, Spending; Auto Product Positioned to Grow
- Burger King Must Face Lawsuit Over Whopper Ads
- Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming?
- People Moves: Dunn Joins Marsh as US Construction Practice Leader; Canopius Appoints Varghese as Head of Marine, US
- Renewal Rates Continue Upward YOY for Most Commercial Lines: Ivans Index
- Message App That Waltz Was Seen Using Is Probing Possible Breach
- Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate
East News
- Air Traffic Control Lost Contact With Newark Aircraft; DOT Vows ‘Brand New System’
- DoorDash Is Latest Tech Firm to Commit Millions to New York City Elections
- Smoke Shop Ordered to Pay $4.9 Million for ‘Persistent Illegal Cannabis Sales’
- Ex-State Trooper Found Guilty of Taking Bribes to Pass Commercial Drivers
- Hub Acquires Allegiant Global Partners of Massachusetts
- 11 Face Charges in NY School Hazing That Allegedly Included Staged Armed Abduction
Midwest News
- People Moves: Encova Insurance Names Lingala EVP and CIO
- Insurers Paid $612M on Kansas Storm Damage Claims in 2024
- Mother of Dead Inmate Sues Troubled Wisconsin Prison
- Lawmakers in 3 States Want to Roll Back Paid Sick Leave Benefits
- Ohio Residents Divided Over Norfolk Southern Settlement Agreement
- Trump Administration Sues Michigan to Halt State’s Fossil Fuel Lawsuit Plan
Officials said it is not cost efficient for Citizens to purchase risk transfer below the Cat Fund.
Texas / South Central News
- AmeriCorps Cuts Leave Vulnerable Homeowners Struggling After Natural Disasters
- TWFG Acquires Agencies in Texas and North Carolina
- Space X Workers in South Texas Approve Measure to Incorporate Area as a New City
- Texas Mutual Approves $330M General Dividend Distribution
- This Texas E&S Carrier Is Implementing Natural Language Processing
- Fired State Employees Breached the Personal Data of 33K More Texans
Southeast News
- Florida Bill Passes Making it Easier for Agents to Seek Surplus Lines Coverage
- NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years
- Hurricane Forecasts Are Better Than Ever But NOAA Cuts Could Change That
- AAA’s Members, Universal Pay Fines, $2.6 Million in Refunds After NC Conduct Report
- ICE Joins DeSantis in Touting Record Number of Arrests of Illegal Immigrants
- Feds Charge White Supremacist Over 2019 Arson at Tennessee School
- TWFG Acquires Agencies in Texas and North Carolina
A senior UK minister will warn businesses to protect themselves against cyber threats.
West News
- Oregon’s Compensable Worker Fatalities Down in 2024, Report Shows
- People Moves: Mutual of Enumclaw Hires Otis as President and CEO
- In The Wake of Devastating LA Fires, Residents Begin to Rebuild
- Driver of Tour Van Involved in Deadly Idaho Crash Was Licensed in California
- Washington Issues Citations for Warehouse Quota, Safety Violations
- Hawaii Plans to Increase Hotel Tax to Help It With Climate Change Mitigation
International & Reinsurance News
- M&S, Co-op Cyberattackers Duped IT Help Desks Into Resetting Passwords, Report Says
- Money Laundering Risks Remain High in Switzerland, Financial Regulator Says
- Business Moves: Earnix Agrees to Acquire Insurtech and AI Specialist Zelros
- People Moves: Aon Promotes Lyons to Bermuda CEO of Reinsurance; BHSI Appoints Munden to Lead New UK Programs Business
- UK Minister Tells Businesses to ‘Wake Up’ After Marks & Spencer Hack
- UK Grocer Co-op Says Hackers Obtained Customer Data
- Spain Discloses New Power Grid Failure on Day of the Blackout
- People Moves: Aon Names DiLorenzo as Head of US Casualty for Reinsurance Solutions; Brit Promotes Mudd to Active Underwriter for Syndicate 2988
Insurance Journal Blogs and Columns
- Insurance + APIs: How Superior Data Is Key to Distribution Channel Management
- Generative and Agentic AI in Insurance: Breaking Down the Risks and Opportunities
- Smarter Client Communication Starts Here: Transform Your Agency with EZLynx Email Content Assist
- BOND: Not an ‘Ugly’ 4-Letter Word
- How an Upgrade to Producer Onboarding Can Fuel Carrier Growth: A Life Insurer’s Perspective
- Unlocking the Power of RQB and AI for MGAs and Wholesalers: Enhancing Efficiency with Expert Insured
Quote of Note
"The legal battle over who will ultimately share in paying for losses associated with the pandemic is far from over."
More Quotes A.M. Best in Commercial Lines Outlook 2021
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Heritage Insurance Holdings, Inc. | HRTG | $20.00 | +2.67% |
| Palomar Holdings, Inc. | PLMR | $155.69 | +2.56% |
| Kingstone Companies, Inc. | KINS | $18.32 | +2.52% |
| Mercury General Corporation | MCY | $58.58 | +2.18% |
| Donegal Group Inc. | DGIC.A | $20.00 | +2.04% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Berkshire Hathaway Inc. | BRK.A | $769,960.00 | -4.87% |
| NI Holdings, Inc. | NODK | $12.54 | -2.87% |
| Employers Holdings, Inc. | EIG | $48.15 | -2.25% |
| Enact Holdings, Inc. | ACT | $36.56 | -2.04% |
| Loews Corporation | L | $86.56 | -1.76% |