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 believe that COVID has resulted in a flight to quality and we are benefiting from this market dynamic."
More Quotes Peter Zaffino, AIG president and chief operating officer
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% |