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.
- Burger King Must Face Lawsuit Over Whopper Ads
- Florida Bill Passes Making it Easier for Agents to Seek Surplus Lines Coverage
- Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming?
- Lemonade Posts Q1 Loss on Wildfires, Spending; Auto Product Positioned to Grow
- Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate
- Buffett to Step Down Following Six-Decade Run Atop Berkshire
- 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
- World Insurance Acquires Upstate New York Agencies
- Hub Acquires Allegiant Global Partners of Massachusetts
- 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
- New Louisiana Law Mandates Discount Disclosures for Insurance Companies
- Benefit Advisors Network Adds Texas’ Carroll Insurance as New Member
- 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
- Rivian Deepens Illinois Ties With $120 Million EV Supplier Park
- 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
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
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
- World Insurance Acquires Upstate New York Agencies
- Hub Acquires Allegiant Global Partners of Massachusetts
Midwest News
- Rivian Deepens Illinois Ties With $120 Million EV Supplier Park
- 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
Officials said it is not cost efficient for Citizens to purchase risk transfer below the Cat Fund.
Texas / South Central News
- New Louisiana Law Mandates Discount Disclosures for Insurance Companies
- Benefit Advisors Network Adds Texas’ Carroll Insurance as New Member
- 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
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
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
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
"What NotPetya really laid bare was this idea that if you're selling a half-baked cyber coverage grant inside of some other policy, you're playing with fire. And if you're an insured, you're not buying a product that's fit for purpose."
More Quotes Conan Ward, president of MGA/MGU Operations at QOMPLX.
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% |