In announcing the cuts, Acrisure cited technology advancements and AI.
Flood insurance for millions of homeowners is among the services affected by the shutdown.
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- Workers’ Compensation Continues to Lead P/C Industry With Strong Profits
- Tokio Marine Weighs More Than $10 Billion of International M&A
- Florida’s Citizens Is Deferring Flood Coverage Proof While NFIP Is Shut Down
- Toyota Recalls Nearly 400,000 Vehicles Due to Malfunctioning Rearview Camera
- APCIA Chair Robusto: Industry Must Fight False Narratives, Improve Public Trust
- New York City Sues Social Media Firms For Allegedly Addicting Children
- MEMIC Group to Pay $19 Million Dividend to Its Maine Policyholders
- People Moves: Cicchelli Joins World Insurance; James River Adds Arch, Markel Recruits
- Virginia Appeals Court Nixes $2.5 Million Jury Award Against Anesthesiologist
- 3 Democratic Justices Hope to Keep Pennsylvania Supreme Court Seats
- Connecticut Launches Free Online Property Risk Mapping Tool
- Report: California Workers’ Comp Written Premium Levels Returned to Stability
- Washington Dairy Worker Pleads Guilty in $122K Workers’ Comp Scam
- Man Charged With ‘Maliciously’ Starting Massive LA Wildfire
- US Sues Southern California Edison Over 2019 Wildfire
- J&J Must Pay $966M After Jury Finds Company Liable In Talc Cancer Case
- Lawmaker Calls for California Insurance Commissioner to Resign Amid Spending Probe
- Greystar, Other Landlords Agree to $141M Settlement in Rent-Setting Lawsuit
- Kentucky AG Suit Says Roblox Fails to Protect Children on Gaming Platform
- IMA Financial Adds Alabama’s Valent Group to the Team
- Engle Martin Acquires London-Based Integra Technical Services Claims Adjusters
- Laws and Regs Already Protect Insureds From AI Missteps, Insurance Reps Say
- Amwins Adds Credit Insurance With Purchase of Miami-based ARC MGA
- Texas AG Threatens Action Against Chinese Company for Potential Data Privacy Violations
- Rural Texas Residents Struggle with Noise Pollution from Nearby Crypto Facility
- Exxon Delays Planned Plastic Plant on Texas Coast
- DOL Awards $890K to Texas for Disaster Recovery Jobs After July Storms
- New MGU Hill Country Underwriters Launches for Artisan Contractors in Texas
- Texas Stock Exchange Receives Federal Approval
- Argentina Soccer Match Pulled From Chicago Amid Troop Tension
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- Walmart Sued for Disability Discrimination at Wisconsin Location
- EF5 Tornado That killed 3 in North Dakota was Nation’s First in 12 years
- Nebraska Officials Are Targeting Voter-Approved Medical Marijuana
- People Moves: Holmes Murphy Names Anderson Sioux Falls Employee Benefits Sales Leader
National News
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- APCIA Chair Robusto: Industry Must Fight False Narratives, Improve Public Trust
- Survey: Employer, Employee Views Differ on Workplace Safety
- World Is Far More Ablaze Now With Damaging Fires Than in 1980s: Study
- Musk’s X Settles Ex-Twitter Executives’ $128 Million Severance Pay Lawsuit
- People Moves: GEICO Names Orpello CMO; O’Donnell Head of Logistics at Howden US
- FurtherAI Raises $25M to Alleviate Insurance Industry’s ‘Busywork’ Burden
- CyberCube Gains a New $180M Investor in Spectrum Equity
East News
- New York City Sues Social Media Firms For Allegedly Addicting Children
- MEMIC Group to Pay $19 Million Dividend to Its Maine Policyholders
- People Moves: Cicchelli Joins World Insurance; James River Adds Arch, Markel Recruits
- Virginia Appeals Court Nixes $2.5 Million Jury Award Against Anesthesiologist
- 3 Democratic Justices Hope to Keep Pennsylvania Supreme Court Seats
- Connecticut Launches Free Online Property Risk Mapping Tool
Midwest News
- Argentina Soccer Match Pulled From Chicago Amid Troop Tension
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- Walmart Sued for Disability Discrimination at Wisconsin Location
- EF5 Tornado That killed 3 in North Dakota was Nation’s First in 12 years
- Nebraska Officials Are Targeting Voter-Approved Medical Marijuana
- People Moves: Holmes Murphy Names Anderson Sioux Falls Employee Benefits Sales Leader
A jury found the company liable to the family of a woman who died from mesothelioma.
Texas / South Central News
- Texas AG Threatens Action Against Chinese Company for Potential Data Privacy Violations
- Rural Texas Residents Struggle with Noise Pollution from Nearby Crypto Facility
- Exxon Delays Planned Plastic Plant on Texas Coast
- DOL Awards $890K to Texas for Disaster Recovery Jobs After July Storms
- New MGU Hill Country Underwriters Launches for Artisan Contractors in Texas
- Texas Stock Exchange Receives Federal Approval
Southeast News
- Greystar, Other Landlords Agree to $141M Settlement in Rent-Setting Lawsuit
- Kentucky AG Suit Says Roblox Fails to Protect Children on Gaming Platform
- IMA Financial Adds Alabama’s Valent Group to the Team
- Engle Martin Acquires London-Based Integra Technical Services Claims Adjusters
- Laws and Regs Already Protect Insureds From AI Missteps, Insurance Reps Say
- Amwins Adds Credit Insurance With Purchase of Miami-based ARC MGA
Geopolitical volatility has surged into a top 10 business risk with cyber risk remaining No. 1.
West News
- Report: California Workers’ Comp Written Premium Levels Returned to Stability
- Washington Dairy Worker Pleads Guilty in $122K Workers’ Comp Scam
- Man Charged With ‘Maliciously’ Starting Massive LA Wildfire
- US Sues Southern California Edison Over 2019 Wildfire
- J&J Must Pay $966M After Jury Finds Company Liable In Talc Cancer Case
- Lawmaker Calls for California Insurance Commissioner to Resign Amid Spending Probe
International & Reinsurance News
- Tokio Marine Weighs More Than $10 Billion of International M&A
- Bank of England Says Soaring AI Valuations Risk Sharp Market Correction
- French Wine Output to Fall Below 2024 After Fires Ravage Vines
- Drone Attacks Are Now Seen 2,000 Kilometers Inside of Russia
- Fortegra Begins Operating From Box 388 at Lloyd’s of London
- People Moves: Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472; Westfield Specialty Int’l Taps Faraday’s Richardson to Lead Open Market Property
Insurance Journal Blogs and Columns
- A Lost Art: The Submission Letter
- Death and Insurance (Not Taxes), Part 2
- World Acquires Indiana’s ACB
- External Threat: Protecting Your Property when the Fire Starts Outside
- Economic Uncertainty and Annuities Go Hand and Hand
- 1033 Waivers in Insurance – What Are They, and How Do They Work?
Quote of Note
"The coronavirus outbreak has reduced risk in some areas while, at the same time, changing and heightening it in others. The wider changes in society and industry brought about and accelerated by the pandemic are likely to have a long-term impact on claims patterns and loss trends in the corporate insurance sector."
More Quotes Thomas Sepp, chief claims officer, Allianz Global Corporate & Specialty
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Bowhead Specialty Holdings Inc. | BOW | $26.86 | +3.27% |
| Palomar Holdings, Inc. | PLMR | $118.94 | +3.03% |
| Erie Indemnity Company | ERIE | $327.70 | +2.60% |
| Kingstone Companies, Inc. | KINS | $14.75 | +2.36% |
| Heritage Insurance Holdings, Inc. | HRTG | $25.93 | +2.29% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| TWFG, Inc. | TWFG | $27.50 | -2.45% |
| Ategrity Specialty Insurance Company Holdings | ASIC | $17.56 | -1.62% |
| HCI Group, Inc. | HCI | $194.72 | -1.16% |
| Arthur J. Gallagher & Co. | AJG | $306.94 | -0.93% |
| Donegal Group Inc. | DGIC.A | $19.49 | -0.92% |