Class-actions filed by a customer and an employee each seek $5 million in damages.
Changes submitted would close a tax “loophole” for third-party litigation funders.
- Erie Insurance Facing 2 Class Actions Claiming Data Breach
- Erie and Philadelphia Insurance Still Working on Restoring Their Networks
- End to Florida Agents’ ‘Diligent Effort’ Rule on Surplus Lines Takes Effect July 1
- Effort to Close Litigation Funding Tax Loophole Added to Federal Budget Bill
- People Moves: Markel Insurance Makes Leadership Changes to Simplify US Wholesale and Specialty Division
- Florida Property Insurance Premiums Surge 34% Since Late 2022
- Erie Insurance Facing 2 Class Actions Claiming Data Breach
- MoneyGram Settles With NY Over Transfers After US Consumer Bureau Quits Case
- Connecticut Hopes to Curb Auto Claims Arbitration by Shifting Cost to Insurers
- Erie and Philadelphia Insurance Still Working on Restoring Their Networks
- Lawsuit Filed Over Jailhouse Killing of Deaf Man in Maryland
- Trump Denied Reconsideration of $5M Judgment in E. Jean Carroll Sex Abuse Case
- Officials Brace for Fire Season as Nevada Is ‘Abnormally Dry’
- NWS Issues Alaska’s First Ever Heat Advisory
- California FAIR Plan Extends ZestyAI Partnership
- People Moves: Bennett to Lead Mercury Insurance Climate Science Team
- AM Best Downgrades Nonprofits Insurance Alliance Members in California, Vermont
- People Moves: Dann Joins The Liberty Company in California as Vice President
- Florida Property Insurance Premiums Surge 34% Since Late 2022
- Supreme Court Revives Lawsuit From Atlanta Family Whose Home Was Raided by FBI
- Mining Project Near Okefenokee Swamp Has Stalled Over a $2M Permit Requirement
- End to Florida Agents’ ‘Diligent Effort’ Rule on Surplus Lines Takes Effect July 1
- Flash Flooding Kills 5 in West Virginia as Rescue Teams Search for Missing
- NC Insurance Agent Charged With Manipulating Life Policies for Personal Gain
- Louisiana Governor Vetoes Bill Limiting Bad Faith Lawsuits Against Insurers
- Texas Department of Transportation Data Breach Exposes 300K Crash Records
- Death Toll From San Antonio Flooding Rises to 13
- US Supreme Court to Hear Chevron, Exxon Appeal Over Louisiana Coastal Damage
- Artemis Acquires Louisiana’s Tyner Jeter Insurance
- New Orleans Officer Cleared in Puppy Shooting, City to Pay $10K in Damages
- APCIA Warns Michigan Auto Insurance Bill Could Destabilize Market, Increase Costs
- St. Louis Waives 25% Holdback Rule for Property Claims From May 16 Tornado
- Des Moines, Iowa Officials Issue Warning Over High Levels of Nitrates in Drinking Water
- Wisconsin Dairy Farmer Sues USDA Claiming Discrimination Against White Farmers
- Satanic Temple Accuses Iowa Officials of Religious Discrimination
- Jury Awards $500K to Exploited Guatemalan Laborers in Michigan
National News
- Effort to Close Litigation Funding Tax Loophole Added to Federal Budget Bill
- Erie Insurance Facing 2 Class Actions Claiming Data Breach
- Trump Can’t End FEMA But It Needs Reform, Says Obama’s FEMA Head
- US Supreme Court to Hear Chevron, Exxon Appeal Over Louisiana Coastal Damage
- Tariff ‘Stacking’ Adds Another Headache for US Importers
- People Moves: Markel Insurance Makes Leadership Changes to Simplify US Wholesale and Specialty Division
- US Spending on Climate Damage Nears $1 Trillion Per Year
- American Bar Association Sues to Block Trump’s Attacks on Law Firms
East News
- Erie Insurance Facing 2 Class Actions Claiming Data Breach
- MoneyGram Settles With NY Over Transfers After US Consumer Bureau Quits Case
- Connecticut Hopes to Curb Auto Claims Arbitration by Shifting Cost to Insurers
- Erie and Philadelphia Insurance Still Working on Restoring Their Networks
- Lawsuit Filed Over Jailhouse Killing of Deaf Man in Maryland
- Trump Denied Reconsideration of $5M Judgment in E. Jean Carroll Sex Abuse Case
Midwest News
- APCIA Warns Michigan Auto Insurance Bill Could Destabilize Market, Increase Costs
- St. Louis Waives 25% Holdback Rule for Property Claims From May 16 Tornado
- Des Moines, Iowa Officials Issue Warning Over High Levels of Nitrates in Drinking Water
- Wisconsin Dairy Farmer Sues USDA Claiming Discrimination Against White Farmers
- Satanic Temple Accuses Iowa Officials of Religious Discrimination
- Jury Awards $500K to Exploited Guatemalan Laborers in Michigan
A Wisconsin dairy farmer's lawsuit says the USDA is illegally denying financial assistance to white farmers.
Texas / South Central News
- Louisiana Governor Vetoes Bill Limiting Bad Faith Lawsuits Against Insurers
- Texas Department of Transportation Data Breach Exposes 300K Crash Records
- Death Toll From San Antonio Flooding Rises to 13
- US Supreme Court to Hear Chevron, Exxon Appeal Over Louisiana Coastal Damage
- Artemis Acquires Louisiana’s Tyner Jeter Insurance
- New Orleans Officer Cleared in Puppy Shooting, City to Pay $10K in Damages
Southeast News
- Florida Property Insurance Premiums Surge 34% Since Late 2022
- Supreme Court Revives Lawsuit From Atlanta Family Whose Home Was Raided by FBI
- Mining Project Near Okefenokee Swamp Has Stalled Over a $2M Permit Requirement
- End to Florida Agents’ ‘Diligent Effort’ Rule on Surplus Lines Takes Effect July 1
- Flash Flooding Kills 5 in West Virginia as Rescue Teams Search for Missing
- NC Insurance Agent Charged With Manipulating Life Policies for Personal Gain
The deadly plane crash will shock waves through the aviation insurance industry.
West News
- Officials Brace for Fire Season as Nevada Is ‘Abnormally Dry’
- NWS Issues Alaska’s First Ever Heat Advisory
- California FAIR Plan Extends ZestyAI Partnership
- People Moves: Bennett to Lead Mercury Insurance Climate Science Team
- AM Best Downgrades Nonprofits Insurance Alliance Members in California, Vermont
- People Moves: Dann Joins The Liberty Company in California as Vice President
International & Reinsurance News
- Israel War Risk Ship Insurance Costs Soar After Iranian Attacks, Sources Say
- Air India Crash Seen Triggering $475 Million in Insurance Claims
- Two Tankers Catch Fire After Collision Near Strait of Hormuz
- Morocco’s Wafa Assurance to Acquire Egypt’s Delta Insurance
- Private Equity Firm B.P. Marsh Acquires 27% Stake in UK MGA Cameron Specialty
- ECB Amends Bank Capital Reviews to Reflect Extreme Weather Risks
- New Ratings Firm to Track Climate Hit on Infrastructure Assets
Insurance Journal Blogs and Columns
- Tariffs and P&C Insurance: Potential Impacts and Innovative Solutions for Continued Profitability
- Speed Is King: Using Hierarchies to Accelerate Onboarding and Scale Efficiently
- Hurricane Season Considerations: Generator Edition
- Inside the $455M Cargo Theft Surge – 4 Ways to Protect Your Fleet
- Turn Your EZLynx Investment into Impact with EVA Product Assistance
- Distracted Driving: What Fleet Managers Need to Know to Keep Drivers Safe
Sponsored Newswire
- IICF Gathers Insurance CEOs and Senior Industry Leaders to Discuss the Future of Work and Innovation at Global Leadership Conference in New York
- Alta Risk Expands Excess Casualty Capabilities with Two Strategic Hires
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 |
|---|---|---|---|
| Trupanion, Inc. | TRUP | $52.89 | +4.05% |
| Lemonade, Inc. | LMND | $41.97 | +3.71% |
| Hippo Holdings Inc. | HIPO | $29.29 | +3.64% |
| Heritage Insurance Holdings, Inc. | HRTG | $23.41 | +1.74% |
| Donegal Group Inc. | DGIC.A | $19.15 | +1.62% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Goosehead Insurance, Inc | GSHD | $101.42 | -2.69% |
| Horace Mann Educators Corporation | HMN | $42.15 | -1.50% |
| Root, Inc. | ROOT | $145.41 | -0.87% |
| Kinsale Capital Group, Inc. | KNSL | $470.47 | -0.81% |
| ProAssurance Corporation | PRA | $22.77 | -0.65% |