The insured losses from Hurricane Isaias are shaping up to be less than feared.
Insurers are withdrawing coverage and passing losses to governments.
- Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk
- ‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected
- AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns
- NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge
- AI’s Water Strain Includes Surging Demand From Electricity Use
- Florida Supreme Court Approves Board Certification in Insurance Law
- NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge
- Eastern States’ Grocers Shut Online Systems After Cyberattack
- Frankenmuth Now Writing Commercial Insurance in Virginia
- Retiree Helps Track Down Pennsylvania’s Abandoned Oil Wells
- Contractor Faces $255K Fine for 20-Year-Old Worker’s Death in Trench Collapse
- MEMIC Group to Send $17 Million Dividend to Employers
- 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
- PG&E Warns of Possible Weekend Power Shutoffs Amid Windy California Weather
- Will California’s New Smoke Claims Law Create a Recovery Bottleneck?
- Florida Supreme Court Approves Board Certification in Insurance Law
- ‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected
- Rider Dies, Others Hurt on Six Flags Roller Coaster in Georgia
- Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says
- Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare
- PVC Pipes Swept Away by Helene Still Dominate Cleanup of NC River
- 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
- SpaceX Plan to Launch 456 Starships a Year in Texas Under Review
- Texas Reports Homeowners and Auto Rate Decreases
- Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
- Missouri Sues E-Commerce Giant Temu Over Aggressive Data Collection Practices
- Etude Launches E&S Carrier with $100M Surplus
- RT FLEX Expands Across Property, Casualty, Construction, and Executive and Professional Liability Lines
- Trump’s Executive Order on Dyed Diesel Provides Little Relief for Farmers and Truckers
- Michigan Attorney General Sues State’s Blue Cross Health Insurer
National News
- AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns
- Business Interruption Claims Approach $1M Average, Says Allianz
- CVS Settles Justice Department Case Over Opioid Prescriptions for $315M
- The Hartford Completes Deal for Equitable’s Employee Benefits Book
- People Moves: WTW Names Beaton Dir. of ICT Underwriting; Parametrix Hires Stephens to Lead US Underwriting; Gaffigan Heads Lockton US Casualty
- AI’s Water Strain Includes Surging Demand From Electricity Use
- Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk
- Tesla Faces Probe Over Claim of Robotaxis Speeding in School Zones
- FAA Tells US Airlines to Exercise Caution in Saudi Arabia Flights, Citing Safety Risks
East News
- NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge
- Eastern States’ Grocers Shut Online Systems After Cyberattack
- Frankenmuth Now Writing Commercial Insurance in Virginia
- Retiree Helps Track Down Pennsylvania’s Abandoned Oil Wells
- Contractor Faces $255K Fine for 20-Year-Old Worker’s Death in Trench Collapse
- MEMIC Group to Send $17 Million Dividend to Employers
Midwest News
- 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
- RT FLEX Expands Across Property, Casualty, Construction, and Executive and Professional Liability Lines
- Trump’s Executive Order on Dyed Diesel Provides Little Relief for Farmers and Truckers
Because smoke claims are typically high after wildfires, the new law will add to the already considerable workload.
Texas / South Central News
- 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
- SpaceX Plan to Launch 456 Starships a Year in Texas Under Review
- Texas Reports Homeowners and Auto Rate Decreases
Southeast News
- 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
- Rider Dies, Others Hurt on Six Flags Roller Coaster in Georgia
- Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says
- Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare
ASOS said an “unauthorized party” impersonated a trusted contact.
West News
- 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
- PG&E Warns of Possible Weekend Power Shutoffs Amid Windy California Weather
- Will California’s New Smoke Claims Law Create a Recovery Bottleneck?
International & Reinsurance News
- Europe’s Insurers Cut Coverage of Weather Losses, Report Says
- IMF, World Bank Launch ‘Bangkok Blueprint’ to Fight Cyber Fraud
- Fairfax to Buy IDBI for $5.6 Billion in Biggest India Bank Deal
- Shipping, Insurance Costs for Energy Flows Surge, OPEC, non-OPEC Ministers Say
- EU Backs Ukraine War Risk Insurance as Market Rebounds
- Hackers Heat French Supermarket Fridges, Sparking Fires and Spoiling Food
- Iran Escalates Attacks on Ships, Threatening Oil Export Recovery
- FAA Tells US Airlines to Exercise Caution in Saudi Arabia Flights, Citing Safety Risks
Insurance Journal Blogs and Columns
- 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
- How Certificate Automation Changes the Account Manager Workday
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
"We believe that COVID has resulted in a flight to quality and we are benefiting from this market dynamic."
More Quotes Peter Zaffino, AIG president and chief operating officer
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American Coastal Insurance Corporation | ACIC | $10.63 | +4.94% |
| Hagerty, Inc. | HGTY | $14.99 | +2.95% |
| Erie Indemnity Company | ERIE | $230.84 | +2.57% |
| Heritage Insurance Holdings, Inc. | HRTG | $36.21 | +2.35% |
| Universal Insurance Holdings, Inc. | UVE | $47.08 | +1.64% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Global Indemnity Group, LLC | GBLI | $23.45 | -3.58% |
| Presurance Holdings, Inc. | PRHI | $8.00 | -1.60% |
| AMERISAFE, Inc. | AMSF | $24.65 | -1.24% |
| Kingstone Companies, Inc. | KINS | $18.56 | -1.09% |
| Lemonade, Inc. | LMND | $44.71 | -0.97% |