The Category 2 hurricane will likely be an earnings event for insurers, added AM Best.
Insurers are withdrawing coverage and passing losses to governments.
- AI’s Water Strain Includes Surging Demand From Electricity Use
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Chubb Revamps Claims with 3 Leadership Promotions
- Luxury NYC Co-Op Sued Over ‘Commandeered’ Central Park Terrace
- Viewpoint: AI Doesn’t End the Rite of Passage; the Grind Wasn’t the Teacher
- SageSure One Expanding California Homeowners Coverage
- Delaware Jury Awards Qualcomm Just $2 in Damages for Arm Breach of License Deal
- Cornell Suspends Fraternity Parties, Gives State Police Role in Investigating Assaults
- Luxury NYC Co-Op Sued Over ‘Commandeered’ Central Park Terrace
- AM Best Revises Outlooks to Positive for AmTrust Group Insurers
- NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge
- Eastern States’ Grocers Shut Online Systems After Cyberattack
- California Fire Danger Has Utilities Set for Broad Shutoffs
- SageSure One Expanding California Homeowners Coverage
- Napa Wildfire Study Eyes Funding Prevention, Improving Insurance Availability
- Edison Drops on Willful Misconduct Allegations in Eaton Fire Case
- Las Vegas Business Owner Pleads Guilty in Staged Armed Robbery Fraud Scheme
- Homebuyers in Wildfire-Prone Areas Get Better Mortgage Deals Online
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit
- Ga. Commissioner’s Office Investigating as Six Flags Closes 10 Rides After Fatality
- Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
- Florida Supreme Court Approves Board Certification in Insurance Law
- ‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected
- Texas Crackdown on Data Centers Is Limited
- Higginbotham Transportation Practice Grows Into Full Division
- Porch to Acquire Allied Trust in $200M Deal
- XPT Specialty Launches Texas Homeowners Binding Authority Program
- Oklahoma Home Improvement Company Fined $150K for Sexual Harassment
- Etude Launches E&S Carrier with $100M Surplus
- Missouri DCI Urges Residents to Consider Earthquake Insurance
- People Moves: Opterrix Promotes Krupar to Chief Commercial Officer
- Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
- Illinois Launches Cover Crop Insurance Savings Program for 2027
- Missouri Sues E-Commerce Giant Temu Over Aggressive Data Collection Practices
- Etude Launches E&S Carrier with $100M Surplus
National News
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Viewpoint: AI Doesn’t End the Rite of Passage; the Grind Wasn’t the Teacher
- States Seek Children’s Data Protections in Character.AI Bankruptcy
- Chubb Revamps Claims with 3 Leadership Promotions
- Judge Won’t Block Trump Order Targeting DEI by Federal Contractors
- Eight States Sue OpenAI, Claiming ChatGPT Harms Children
- People Moves: Marsh Hires Meta’s Risk Manager for New Role
East News
- Delaware Jury Awards Qualcomm Just $2 in Damages for Arm Breach of License Deal
- Cornell Suspends Fraternity Parties, Gives State Police Role in Investigating Assaults
- Luxury NYC Co-Op Sued Over ‘Commandeered’ Central Park Terrace
- AM Best Revises Outlooks to Positive for AmTrust Group Insurers
- NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge
- Eastern States’ Grocers Shut Online Systems After Cyberattack
Midwest News
- Missouri DCI Urges Residents to Consider Earthquake Insurance
- People Moves: Opterrix Promotes Krupar to Chief Commercial Officer
- Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
- Illinois Launches Cover Crop Insurance Savings Program for 2027
- Missouri Sues E-Commerce Giant Temu Over Aggressive Data Collection Practices
- Etude Launches E&S Carrier with $100M Surplus
Because smoke claims are typically high after wildfires, the new law will add to the already considerable workload.
Texas / South Central News
- Texas Crackdown on Data Centers Is Limited
- Higginbotham Transportation Practice Grows Into Full Division
- Porch to Acquire Allied Trust in $200M Deal
- XPT Specialty Launches Texas Homeowners Binding Authority Program
- Oklahoma Home Improvement Company Fined $150K for Sexual Harassment
- Etude Launches E&S Carrier with $100M Surplus
Southeast News
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit
- Ga. Commissioner’s Office Investigating as Six Flags Closes 10 Rides After Fatality
- Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
- Florida Supreme Court Approves Board Certification in Insurance Law
- ‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected
ASOS said an “unauthorized party” impersonated a trusted contact.
West News
- California Fire Danger Has Utilities Set for Broad Shutoffs
- SageSure One Expanding California Homeowners Coverage
- Napa Wildfire Study Eyes Funding Prevention, Improving Insurance Availability
- Edison Drops on Willful Misconduct Allegations in Eaton Fire Case
- Las Vegas Business Owner Pleads Guilty in Staged Armed Robbery Fraud Scheme
- Homebuyers in Wildfire-Prone Areas Get Better Mortgage Deals Online
International & Reinsurance News
- Insurers: French Supermarkets’ Cyber Insurance Unlikely to Cover Food Losses
- Container Ship Sinks in Strait of Hormuz as Attacks Ramp Up
- Nvidia Pledges $250 Million to UK AI Safety Research
- People Moves: Markel Strengthens London Marine & Energy Liability Team
- Setback for TikTok as EU Court Adviser Backs Gatekeeper Label
- Europe’s Insurers Cut Coverage of Weather Losses, Report Says
Insurance Journal Blogs and Columns
- 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
- AI & Futurecasting: Preparing Work, Not Just Workers
- Turning MGA Growth into Staying Power
Sponsored Newswire
- XS Brokers Names Industry Veteran John J. Head Managing Partner – Growth & Strategy; Appoints Bryan Sanders as Strategic Advisor to Board of Directors
- XPT Specialty Deploys Suite of AI Tools Across Wholesale Operation; Widens Market Access for Retail Agents on SME Accounts
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 |
|---|---|---|---|
| Kinsale Capital Group, Inc. | KNSL | $349.07 | +2.68% |
| Palomar Holdings, Inc. | PLMR | $136.75 | +2.49% |
| Assurant, Inc. | AIZ | $276.33 | +1.97% |
| Arthur J. Gallagher & Co. | AJG | $237.04 | +1.78% |
| The Hanover Insurance Group, Inc. | THG | $226.17 | +1.68% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| The Progressive Corporation | PGR | $213.46 | -4.23% |
| Neptune Insurance Holdings Inc. | NP | $28.44 | -2.50% |
| Lemonade, Inc. | LMND | $43.86 | -1.90% |
| HCI Group, Inc. | HCI | $195.76 | -1.57% |
| James River Group Holdings, Inc. | JRVR | $3.67 | -1.08% |