State Farm said Illinois has had more hail damage than any state except Texas.
Former Lloyd’s CEO John Neal is joining AIG as president, effective December 1.
- Chinese Hackers Still Trying to Break Into Telecoms Across Globe
- MGA Nexus Underwriting’s CEO Rouse Faces Internal Investigation for ‘Offensive’ Email
- Former AIG Exec McElroy Faces Sexual Assault Charges in Vermont
- Waymo Expands in Austin After Tesla Launches Robotaxi Competitor
- Billionaire-Backed California City Pitches Plans for Factory Hub
- Cybersecurity Bosses Grow Increasingly Worried About AI Attacks and Misuse
- Google to Offer Free AI Certification Courses to Virginia Job Seekers
- 5Star Workers’ Compensation Rebrands to Starwind WC
- Everclear High-Proof Alcohol Poses Extreme Risk, Alleges Burn Victim’s Lawsuit
- Fans Injured When Stadium Railing Collapsed Settle With Washington Commanders
- United Natural Foods Projects Up to $400 Million Sales Hit After Cyber Breach
- Pennsylvania Regulator Has Nixed $200M in P/C Insurance Rate Hikes in First 6 Months
- Billionaire-Backed California City Pitches Plans for Factory Hub
- California Labor Commissioner Cites Ritz-Carlton and Subcontractors $2M
- Trucordia Acquires Vegas Valley Benefit Plans in Nevada
- FAA Updates Altitudes, Changeover Points for Safe Airspace Navigation in Alaska
- People Moves: Liberty Company Insurance Brokers Launch Liberty Naranjo; King Joins Alliant’s Employee Benefits Team in Utah
- Venbrook Launches Habitational Product for California Condos, Townhomes
- DeSantis Names Ingoglia CFO; Tough Talk, Mixed Voting Record on Property Insurance
- A Look Inside the Tenn. Lab Making Advanced Fuel for US Nuclear Ambitions
- Afore Buys TailoredRisk Insurance in Naples, Elevates Paolini
- Patriot Growth Adds Florida-based Legacy Insurance to the Team
- Tesla Failed to Stop Autopilot Misuse, Safety Expert Testifies
- Florida People Rush to Help Plane Near Airport Mayor Says Is Plagued With Crashes
- AM Best Revises Outlook to Negative for Texas’ Southern Vanguard
- Waymo Expands in Austin After Tesla Launches Robotaxi Competitor
- People Moves: Higginbotham Appoints Reutter to Newly Created CFO, COO Role
- Tropical Disturbance Expected to Bring Flash Flooding to Louisiana
- Camp Mystic Leader May Not Have Seen Alert Before Flood, Family Spokesman Says
- People Moves: Hotchkiss Adds Three Partners
- Inszone Acquires Kansas’ Snell-Nelson Insurance Agency
- Illinois Woman Sentenced to 15 Years for Insurance Fraud and Arson Scheme
- Ryan Specialty Board Member Cameron Findlay Passes Away
- USDA Margin Coverage Option for Row Crops Available in Select States
- People Moves: Society Insurance Names Felton to Board of Directors
- University Faces Scrutiny Over Chinese Scientists’ Smuggling of Biological Materials
National News
- Former AIG Exec McElroy Faces Sexual Assault Charges in Vermont
- NHTSA Shedding More Than 25% of Employees
- Cybersecurity Bosses Grow Increasingly Worried About AI Attacks and Misuse
- Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves
- Marsh McLennan Reports Q2 Organic Revenue Growth of 4%, Down From Q2 2024
- Trump Administration Sued by States for Cutting Disaster Prevention Grants
- Allstate Expects Another $2B Catastrophe Losses in Q2
East News
- Google to Offer Free AI Certification Courses to Virginia Job Seekers
- 5Star Workers’ Compensation Rebrands to Starwind WC
- Everclear High-Proof Alcohol Poses Extreme Risk, Alleges Burn Victim’s Lawsuit
- Fans Injured When Stadium Railing Collapsed Settle With Washington Commanders
- United Natural Foods Projects Up to $400 Million Sales Hit After Cyber Breach
- Pennsylvania Regulator Has Nixed $200M in P/C Insurance Rate Hikes in First 6 Months
Midwest News
- Inszone Acquires Kansas’ Snell-Nelson Insurance Agency
- Illinois Woman Sentenced to 15 Years for Insurance Fraud and Arson Scheme
- Ryan Specialty Board Member Cameron Findlay Passes Away
- USDA Margin Coverage Option for Row Crops Available in Select States
- People Moves: Society Insurance Names Felton to Board of Directors
- University Faces Scrutiny Over Chinese Scientists’ Smuggling of Biological Materials
The estimate includes damage to homes, businesses, campgrounds, recreation facilities, and disruptions to commerce, etc.
Texas / South Central News
- AM Best Revises Outlook to Negative for Texas’ Southern Vanguard
- Waymo Expands in Austin After Tesla Launches Robotaxi Competitor
- People Moves: Higginbotham Appoints Reutter to Newly Created CFO, COO Role
- Tropical Disturbance Expected to Bring Flash Flooding to Louisiana
- Camp Mystic Leader May Not Have Seen Alert Before Flood, Family Spokesman Says
- People Moves: Hotchkiss Adds Three Partners
Southeast News
- DeSantis Names Ingoglia CFO; Tough Talk, Mixed Voting Record on Property Insurance
- A Look Inside the Tenn. Lab Making Advanced Fuel for US Nuclear Ambitions
- Afore Buys TailoredRisk Insurance in Naples, Elevates Paolini
- Patriot Growth Adds Florida-based Legacy Insurance to the Team
- Tesla Failed to Stop Autopilot Misuse, Safety Expert Testifies
- Florida People Rush to Help Plane Near Airport Mayor Says Is Plagued With Crashes
More than 90% was driven by wildfires and severe convective storms in the U.S., said Aon's Global Catastrophe Recap.
West News
- Billionaire-Backed California City Pitches Plans for Factory Hub
- California Labor Commissioner Cites Ritz-Carlton and Subcontractors $2M
- Trucordia Acquires Vegas Valley Benefit Plans in Nevada
- FAA Updates Altitudes, Changeover Points for Safe Airspace Navigation in Alaska
- People Moves: Liberty Company Insurance Brokers Launch Liberty Naranjo; King Joins Alliant’s Employee Benefits Team in Utah
- Venbrook Launches Habitational Product for California Condos, Townhomes
International & Reinsurance News
- Chinese Hackers Still Trying to Break Into Telecoms Across Globe
- China-Linked Hackers Target Taiwan’s Chip Industry With Increasing Attacks: Research
- Insurance Supervisors’ Group Seeks Collaboration to Cover Disaster Losses
- Air India Junior Pilot Asked Captain Why He Turned Off Fuel Switches
- How Hot Can It Get? Scientists Are Struggling to Find an Answer
- Trade Credit Specialist Coface Gets Nod From Lloyd’s to Launch Syndicate
- Markets/Coverages: Price Forbes Adds Construction Capacity to Cross-Class Facility
Insurance Journal Blogs and Columns
- Expert Insured (AMS) + Insurance BPO + RQB: A Complete Insurance Operations Ecosystem
- Insurance Distribution Channels: A Top-Down Look at the Insurance Distribution Chain
- Old Republic Surety Goes High-Tech with Pittsburgh Pirates Video Project
- How MyInsuranceGuy Gets a Third of Their Day Back
- Get the Truth on Tape: How Side-View Cameras Protect Fleets
- The Next Disaster: Who Will Manage Our Response?
Quote of Note
If you've reached an exponential part of the curve where suddenly, something's accelerating, it's almost certain that we are underpricing the risk that we're taking.
More Quotes Bruce Carnegie-Brown, chairman of insurance market Lloyd’s of London.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $126.97 | +4.62% |
| Global Indemnity Group, LLC | GBLI | $31.71 | +4.33% |
| The Travelers Companies, Inc. | TRV | $261.81 | +3.81% |
| Kingstone Companies, Inc. | KINS | $15.37 | +3.22% |
| Lemonade, Inc. | LMND | $40.73 | +2.00% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Ategrity Specialty Insurance Company Holdings | ASIC | $20.70 | -2.91% |
| Palomar Holdings, Inc. | PLMR | $140.41 | -2.54% |
| Slide Insurance Holdings, Inc. | SLDE | $18.45 | -2.38% |
| The Allstate Corporation | ALL | $193.02 | -1.33% |
| Brown & Brown, Inc. | BRO | $104.13 | -0.80% |