AIG said Peter Zaffino intends to retire as CEO by midyear, ending a five-year run.
Total settlements eclipsed the $40 billion mark four straight years, said Duane Morris.
- Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD
- Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case
- Supreme Court Set to Issue Rulings as Trump Awaits Fate of Tariffs
- 10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris
- NC Insurance Commissioner Urges President to Not Pardon Greg Lindberg
- Trump Prosecutor Targeting NY’s Letitia James Is Disqualified
- ‘Call Your Mother’ Bagel Shop Settles With ‘Call Your Bubbi’
- Trump Prosecutor Targeting NY’s Letitia James Is Disqualified
- Union Warned of Mass Resignations With Return-to-Office. They Haven’t Happened.
- Baldwin Group Acquires Capstone Group in Philadelphia
- Andover Companies Completes Reorganization
- People Moves: Patriot Growth Appoints Rogers: Alliant Adds Lowe
- Less Than a Dozen Homes Have Been Rebuilt a Year After LA Wildfires
- How Trump’s Tariffs Ricochet Through A California Business Park
- People Moves: Moore Named General Counsel at Aspire
- Duffy Pulls $160 Million From California Over Truck Licenses
- Newsom Plans Crackdown on Corporate Homebuying in California
- People Moves: Roxborough Named 2026 CHSWC Chair
- NC Insurance Commissioner Urges President to Not Pardon Greg Lindberg
- Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case
- Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme
- Two Killed in South Carolina When Scissor Lift Hit Power Lines
- Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling
- After Merger with CAC, Baldwin Names Lynch, Two Others to Leadership Roles
- Procter & Gamble Tweaks Toothpaste Packaging for Texas AG’s Fluoride Concerns
- Company Hit With $9 Million Fine for 2023 Oil Spill off Louisiana Coast
- Texas Congresswoman Wants Legal Status for Migrant Construction Workers
- Abbott Names Crawford Texas Insurance Commissioner
- Progressive Approved for Personal Auto Rate Decreases in Louisiana
- Germania Insurance Places First Cat Bond Through Handshake Re
- Detroit Suburb to Pay Settlement in the Case of Woman Improperly Declared Dead
- Minneapolis Cancels School as Killing Fuels Anti-ICE Protests
- Intruder Causes $28K in Damage at Vice President Vance’s Ohio Home
- The MEMIC Group Closes Acquisition of The Dakota Group
- People Moves: Doss Assumes Role of VP, Personal Lines Underwriting; The Jacobson Group Hires Pinkham as CEO, Greg and Rick Jacobson Transition to Board
- Neglect, Abuse Common at Michigan Nursing Homes, Report Finds
National News
- Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case
- Goldman Sachs Warns US Grids Face Power Crunch by 2030
- Supreme Court Set to Issue Rulings as Trump Awaits Fate of Tariffs
- People Moves: IICF Names Marohn Chair, McDonough Vice Chair of Board of Governors; AXA XL Promotes Stitham to CUO, Casualty, Americas
- Insurance Journal Opens Nominations for Annual Agents of the Year Awards
- Surge of Supercharged Hurricanes Prompt Call for Cat 6 Classification
East News
- ‘Call Your Mother’ Bagel Shop Settles With ‘Call Your Bubbi’
- Trump Prosecutor Targeting NY’s Letitia James Is Disqualified
- Union Warned of Mass Resignations With Return-to-Office. They Haven’t Happened.
- Baldwin Group Acquires Capstone Group in Philadelphia
- Andover Companies Completes Reorganization
- People Moves: Patriot Growth Appoints Rogers: Alliant Adds Lowe
Midwest News
- Detroit Suburb to Pay Settlement in the Case of Woman Improperly Declared Dead
- Minneapolis Cancels School as Killing Fuels Anti-ICE Protests
- Intruder Causes $28K in Damage at Vice President Vance’s Ohio Home
- The MEMIC Group Closes Acquisition of The Dakota Group
- People Moves: Doss Assumes Role of VP, Personal Lines Underwriting; The Jacobson Group Hires Pinkham as CEO, Greg and Rick Jacobson Transition to Board
- Neglect, Abuse Common at Michigan Nursing Homes, Report Finds
China plans to tighten rules around the use of human-like artificial intelligence.
Texas / South Central News
- Procter & Gamble Tweaks Toothpaste Packaging for Texas AG’s Fluoride Concerns
- Company Hit With $9 Million Fine for 2023 Oil Spill off Louisiana Coast
- Texas Congresswoman Wants Legal Status for Migrant Construction Workers
- Abbott Names Crawford Texas Insurance Commissioner
- Progressive Approved for Personal Auto Rate Decreases in Louisiana
- Germania Insurance Places First Cat Bond Through Handshake Re
Southeast News
- NC Insurance Commissioner Urges President to Not Pardon Greg Lindberg
- Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case
- Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme
- Two Killed in South Carolina When Scissor Lift Hit Power Lines
- Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling
- After Merger with CAC, Baldwin Names Lynch, Two Others to Leadership Roles
For those who had insurance, it's often not enough to cover the costs of construction.
West News
- Less Than a Dozen Homes Have Been Rebuilt a Year After LA Wildfires
- How Trump’s Tariffs Ricochet Through A California Business Park
- People Moves: Moore Named General Counsel at Aspire
- Duffy Pulls $160 Million From California Over Truck Licenses
- Newsom Plans Crackdown on Corporate Homebuying in California
- People Moves: Roxborough Named 2026 CHSWC Chair
International & Reinsurance News
- Japanese Insurer Sompo to Ramp Up Overseas Credit Investments
- CRC Group Completes Acquisition of Lloyd’s Managing Agency Atrium
- Switzerland Mourns Fire Victims as Country Seeks Answers; Insurers Assess Damages
- Fire Safety Inspections Lapsed for Years at Swiss Bar Where 40 Died in New Year’s Blaze
- Russian-Bound Tanker Hit by Drone in Black Sea, Maritime Sources Say
- China Urges Nestlé to Work Quickly on Baby Formula Recall
- Markets/Coverages: Mosaic Insurance Launches Bermuda Excess Casualty Business
- People Moves: Munich Re Syndicate Taps HDI’s Ogden as CEO; HDI Global UK & Ireland Names Hunt as Interim CEO in UK & Ireland as Ogden Departs
- Insurers Buy Erste SRT Deal Linked to €10 Billion Loans for M&A
Insurance Journal Blogs and Columns
- Independent Agencies Win When Retention Comes First
- Drowning in Busywork? Tech to Help Agencies Reclaim Time and Boost Efficiency
- Cold Weather Flights: Best Practices from Lessons Learned
Quote of Note
If your insurance company is going to increase your premium, you have a right to know why. … This is pretty basic information you should expect from your insurance company, but we hear from hundreds of consumers every year who cannot get a clear, understandable answer on why they're being charged more.
More Quotes Mike Kreidler, Washington Insurance Commissioner
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Global Indemnity Group, LLC | GBLI | $28.63 | +2.91% |
| Kingsway Financial Services Inc. | KFS | $12.56 | +1.87% |
| Ryan Specialty Holdings, Inc. | RYAN | $50.80 | +1.01% |
| The Progressive Corporation | PGR | $215.16 | +0.94% |
| Root, Inc. | ROOT | $76.47 | +0.80% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American Coastal Insurance Corporation | ACIC | $11.31 | -3.33% |
| Kinsale Capital Group, Inc. | KNSL | $397.45 | -3.33% |
| American International Group, Inc. | AIG | $75.43 | -3.17% |
| Universal Insurance Holdings, Inc. | UVE | $30.49 | -3.08% |
| Neptune Insurance Holdings Inc. | NP | $26.69 | -2.91% |