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
- Viewpoint: AI Doesn’t End the Rite of Passage; the Grind Wasn’t the Teacher
- Luxury NYC Co-Op Sued Over ‘Commandeered’ Central Park Terrace
- SageSure One Expanding California Homeowners Coverage
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- NYC Comptroller Levine Urges Anthropic to Pause US IPO
- 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
- Lemonade Launches Renters Insurance in Hawaii
- 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
- 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
- Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
- Anthropic Stands Alone as Rest of IPO Market Slows to a Crawl
- Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
- Viewpoint: Model Independence Is the AI Strategy Insurers Can’t Afford to Ignore
- CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- States Seek Children’s Data Protections in Character.AI Bankruptcy
- Chubb Revamps Claims with 3 Leadership Promotions
East News
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- NYC Comptroller Levine Urges Anthropic to Pause US IPO
- 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
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
- Lemonade Launches Renters Insurance in Hawaii
- 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
International & Reinsurance News
- Ukraine Hits Russian Refinery; Zelenskiy Says ‘We’re Done’ with Trump’s Energy Truce
- Romania Blames Russia for Escalating Black Sea Ship Strikes
- France, Germany Near Deal on Car Emissions, Britain ‘Made in EU’ Status
- 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
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
"The rules are fuzzy. It's not clear what is allowed, what isn't allowed."
More Quotes Max Smeets, director of the European Cyber Conflict Research Initiative.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Arthur J. Gallagher & Co. | AJG | $250.10 | +5.51% |
| Ryan Specialty Holdings, Inc. | RYAN | $40.04 | +5.37% |
| Brown & Brown, Inc. | BRO | $67.98 | +4.91% |
| Marsh & McLennan Companies, Inc. | MRSH | $186.54 | +4.56% |
| Lemonade, Inc. | LMND | $45.86 | +4.56% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Mercury General Corporation | MCY | $101.79 | -0.59% |
| Loews Corporation | L | $108.79 | -0.28% |
| United Fire Group, Inc. | UFCS | $55.40 | -0.14% |
| Safety Insurance Group, Inc. | SAFT | $104.00 | +0.06% |
| Bowhead Specialty Holdings Inc. | BOW | $34.01 | +0.06% |