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.
- Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide
- Liberty Mutual Q1 Net Income Down 33%
- Acting FEMA Chief Is Ousted After Less Than 4 Months
- Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
- Clearwater Condo Building Evacuated After Support Beam Splits
- Florida Condo Bill Gives Owners Some Slack But Brings New Insurance Concerns
- Lloyd’s Loses Bid to Avoid $800K in Prejudgment Interest
- NJ Diocese Will No Longer Oppose Investigation Into Sexual Abuse Allegations
- 20 Charged in Alleged Theft of 126 Cars Worth $4.6 Million in NYC and Suburbs
- By 1 Vote, Pennsylvania House Passes Measure to Legalize Recreational Marijuana
- Hub Acquires Virginia’s Guru of Insurance
- ALKEME Adds Maryland’s Becker Benefit Group
- New Mexico Utilities Tell Residents to Prepare for Outages When Fire Risk is High
- People Moves: Cho Named Coalition’s Head of West; Pinnacol Names Awad to Board, Renews Terms for Absher and Oakley
- Report: Oregon Worker’s Comp Claims Fell in 2023 From Previous Two Years
- California Labor Commissioner Fines Care Facility $40,000 in Retaliation Case
- LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration
- Colorado Committee Kills Insurance Bill to Control Costs Through 1% Charge
- Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes
- Citadel Lobbies for Four-Year Non-Competes in Home State of Florida
- Deadly April Rainfall in South, Midwest Intensified by Climate Change, Scientists Say
- Update: Engineer Report Showed Clearwater Condo in Good Condition Last Fall
- Family Sues Over Florida Deputy’s Shooting of Airman at Apartment
- Jury Awards $3M for Defective Airbag That Seriously Injured Florida Man
- Deadly April Rainfall in South, Midwest Intensified by Climate Change, Scientists Say
- Texas Legislators Seek Solutions to Rising Home Insurance Rates
- Patriot Growth Partners With Texas’ Ladd Gardner Aviation Insurance
- Many US Cities Are Sinking. But In Texas, It’s Worse
- Hub Acquires Louisiana’s Demarie Insurance
- Texas Bill Would Put Restraints on Businesses Wanting to Tap Into Energy Grid
- Illinois Chemical Manufacturer Reaches $400K Settlement With EPA
- Minnesota YMCA to Pay $140K to Settle Sexual Harassment Lawsuit
- St. Louis to Pay $4M Settlement Over Conditions at Now-Closed Jail
- People Moves: Indiana Farm Bureau Insurance Promotes Zeilinga to Agency Manager
- Teenage Basketball Players Among 8 Killed in Kansas Highway Crash
- NTSB Says a Utility Wasn’t Marked Before a Deadly Natural Gas Explosion in Missouri
National News
- Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
- Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide
- FTX Lawsuit Against Tom Brady, Stephen Curry, Others Is Narrowed
- How Does Food Safety Work, and What Cuts Has Trump Made?
- Commercial Property Customers Cutting Insurance Corners Despite Risk
- Acting FEMA Chief Is Ousted After Less Than 4 Months
East News
- Lloyd’s Loses Bid to Avoid $800K in Prejudgment Interest
- NJ Diocese Will No Longer Oppose Investigation Into Sexual Abuse Allegations
- 20 Charged in Alleged Theft of 126 Cars Worth $4.6 Million in NYC and Suburbs
- By 1 Vote, Pennsylvania House Passes Measure to Legalize Recreational Marijuana
- Hub Acquires Virginia’s Guru of Insurance
- ALKEME Adds Maryland’s Becker Benefit Group
Midwest News
- Illinois Chemical Manufacturer Reaches $400K Settlement With EPA
- Minnesota YMCA to Pay $140K to Settle Sexual Harassment Lawsuit
- St. Louis to Pay $4M Settlement Over Conditions at Now-Closed Jail
- People Moves: Indiana Farm Bureau Insurance Promotes Zeilinga to Agency Manager
- Teenage Basketball Players Among 8 Killed in Kansas Highway Crash
- NTSB Says a Utility Wasn’t Marked Before a Deadly Natural Gas Explosion in Missouri
Officials said it is not cost efficient for Citizens to purchase risk transfer below the Cat Fund.
Texas / South Central News
- Deadly April Rainfall in South, Midwest Intensified by Climate Change, Scientists Say
- Texas Legislators Seek Solutions to Rising Home Insurance Rates
- Patriot Growth Partners With Texas’ Ladd Gardner Aviation Insurance
- Many US Cities Are Sinking. But In Texas, It’s Worse
- Hub Acquires Louisiana’s Demarie Insurance
- Texas Bill Would Put Restraints on Businesses Wanting to Tap Into Energy Grid
Southeast News
- Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes
- Citadel Lobbies for Four-Year Non-Competes in Home State of Florida
- Deadly April Rainfall in South, Midwest Intensified by Climate Change, Scientists Say
- Update: Engineer Report Showed Clearwater Condo in Good Condition Last Fall
- Family Sues Over Florida Deputy’s Shooting of Airman at Apartment
- Jury Awards $3M for Defective Airbag That Seriously Injured Florida Man
Tiernan, chief of markets, will take the helm on June 1, succeeding John Neal.
West News
- New Mexico Utilities Tell Residents to Prepare for Outages When Fire Risk is High
- People Moves: Cho Named Coalition’s Head of West; Pinnacol Names Awad to Board, Renews Terms for Absher and Oakley
- Report: Oregon Worker’s Comp Claims Fell in 2023 From Previous Two Years
- California Labor Commissioner Fines Care Facility $40,000 in Retaliation Case
- LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration
- Colorado Committee Kills Insurance Bill to Control Costs Through 1% Charge
International & Reinsurance News
- Abu Dhabi’s IHC, BlackRock Start $1 Billion Reinsurance Firm
- EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn
- UK Sewage Crisis Leaves Beachgoers Sick and Frustrated
- Business Moves: Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Underwriting; Optio Buys UK PI Specialist MGA, Custodian Management
- People Moves: SiriusPoint Promotes Fenn to Global Head of Marine; Arch Insurance International Promotes Mansouri to UK PI Underwriting Manager
- Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed
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
Ransomware has become a scourge on nearly every facet of our lives, and it's a prime example of the vulnerabilities that are emerging as our digital and our physical infrastructure increasingly converge.
More Quotes Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingstone Companies, Inc. | KINS | $21.67 | +19.13% |
| HCI Group, Inc. | HCI | $167.13 | +7.92% |
| Mercury General Corporation | MCY | $60.19 | +5.37% |
| Root, Inc. | ROOT | $147.42 | +4.19% |
| NI Holdings, Inc. | NODK | $12.56 | +2.99% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American Coastal Insurance Corporation | ACIC | $11.16 | -6.38% |
| Erie Indemnity Company | ERIE | $353.20 | -1.59% |
| Donegal Group Inc. | DGIC.A | $19.72 | -0.95% |
| Enact Holdings, Inc. | ACT | $36.13 | -0.88% |
| American Financial Group, Inc. | AFG | $121.82 | -0.80% |