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.
- Liberty Mutual Q1 Net Income Down 33%
- Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide
- Commercial Property Customers Cutting Insurance Corners Despite Risk
- Acting FEMA Chief Is Ousted After Less Than 4 Months
- Clearwater Condo Building Evacuated After Support Beam Splits
- Many US Cities Are Sinking. But In Texas, It’s Worse
- Lloyd’s Loses Bid to Avoid $800K in Prejudgment Interest
- NJ Diocese Will No Longer Oppose Investigation Into Sexual Abuse Allegations
- 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 York School District Sues Two Insurers Over Coverage for Child Victim Claims
- Paragon’s Reel Media Acquires WISE Risk of Massachusetts
- People Moves: Cho Named Coalition’s Head of the West Region; 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
- California Electrical Firm Pays $1.4M for Fair Labor Violations
- Florida Wildlife Officers Kill 3 Black Bears After Fatal Attack on Man and Dog
- 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
- Florida Condo Bill Gives Owners Some Slack But Brings New Insurance Concerns
- Clearwater Condo Building Evacuated After Support Beam Splits
- 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
- Authorities Are Cleaning Up an Oil Spill in Southeast Louisiana
- New Louisiana Law Mandates Discount Disclosures for Insurance Companies
- Benefit Advisors Network Adds Texas’ Carroll Insurance as New Member
- 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
- Midwest Carbon Dioxide Pipeline Could Face More Hurdles
- American Airlines Sues Chicago Over O’Hare Gates for United
National News
- Acting FEMA Chief Is Ousted After Less Than 4 Months
- Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide
- How Does Food Safety Work, and What Cuts Has Trump Made?
- Commercial Property Customers Cutting Insurance Corners Despite Risk
- Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025
- Viewpoint: Challenging P/C Market Generates Opportunities for Surplus Lines’ Writers
- Liberty Mutual Q1 Net Income Down 33%
- Trump’s Plan to Fix Air Traffic Control Faces Huge Hurdles
- Apollo’s Aspen Insurance Raises $397.5 Million in US IPO
East News
- Lloyd’s Loses Bid to Avoid $800K in Prejudgment Interest
- NJ Diocese Will No Longer Oppose Investigation Into Sexual Abuse Allegations
- 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
- Paragon’s Reel Media Acquires WISE Risk of Massachusetts
Midwest News
- 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
- Midwest Carbon Dioxide Pipeline Could Face More Hurdles
- American Airlines Sues Chicago Over O’Hare Gates for United
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
- 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
- Authorities Are Cleaning Up an Oil Spill in Southeast Louisiana
- New Louisiana Law Mandates Discount Disclosures for Insurance Companies
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
- Florida Wildlife Officers Kill 3 Black Bears After Fatal Attack on Man and Dog
- 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
- People Moves: Cho Named Coalition’s Head of the West Region; 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
- California Electrical Firm Pays $1.4M for Fair Labor Violations
International & Reinsurance News
- EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn
- UK Sewage Crisis Leaves Beachgoers Sick and Frustrated
- Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed
- Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal
- EU to Propose More Sanctions on Russia’s ‘Shadow’ Oil Tankers
- UK Cyber Security Chief Names China as Dominant Hacking Threat
- Markets/Coverages: CFC Launches Simplified Intellectual Property Product
- People Moves: Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe; Sompo Int’l Holdings Names Walsh as Independent Non-Exec Chair
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
"We may intervene and take further actions where firms do not appear to be meeting our expectations and treating their customers fairly."
More Quotes Financial Conduct Authority (FCA), which has taken eight insurers to court over business interruption policy wordings.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American Integrity Insurance Group, Inc. | AII | $16.90 | +5.63% |
| Heritage Insurance Holdings, Inc. | HRTG | $25.66 | +5.60% |
| HCI Group, Inc. | HCI | $154.87 | +2.66% |
| American Coastal Insurance Corporation | ACIC | $11.92 | +2.49% |
| Employers Holdings, Inc. | EIG | $49.33 | +2.22% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Hippo Holdings Inc. | HIPO | $20.57 | -15.90% |
| Global Indemnity Group, LLC | GBLI | $27.14 | -1.92% |
| TWFG, Inc. | TWFG | $32.05 | -1.78% |
| NI Holdings, Inc. | NODK | $12.19 | -1.61% |
| Kingsway Financial Services Inc. | KFS | $8.89 | -1.22% |