A unit of WTW allege former brokers breached employment contract obligations.
Allianz said these perils have joined other business risks as the world faces volatility.
- Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino
- Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI
- JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims
- USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency
- First Brands Hit by $286 Million Claim for Alleged Tariffs Fraud
- Viewpoint: Tackling the Threat of Legal System Abuse
- USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency
- Uber, Lyft Drivers in Massachusetts Form First US Ride-Share Union
- US Supreme Court Denies Meta’s Challenge to Vermont Social Media Addiction Lawsuit
- After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI
- JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims
- Beacon Mutual Begins Notifying Those Affected by Data Breach
- Crest Insurance Group Names Hart Vice President, Employee Benefits
- California Narrows Evacuation Area With Risk ‘Off the Table’
- San Francisco Turns to AI to Avoid Collisions Between Ships And Whales
- Oil Pipeline Shut Down After East Los Angeles Rupture
- Gov. Newsom Issues Executive Order to Prep Workers, Businesses for AI Disruption
- People Moves: Commissioner Kuderer to Chair NAIC’s Child Care Insurance Group
- Supreme Court Tosses Florida Suit Over Immigrant Driver’s Licenses
- Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms
- NC Jury Award for Workers Injured in Wall Collapse May be Largest in State History
- Insurance Firm Safepoint, Backers Seek $283.3 Million in IPO
- Delay in Calling Police Does Not Wreck UM Claim, WV Supreme Court Says
- OSHA Has 6 Inspectors for 60,000 West Virginia Workplaces
- Texas Sues Discord Over Alleged Child Predator Exposure
- Inszone Acquires Texas’ Taylor Insurance Agency
- Rainy April Delays Corpus Christi’s Projected Water Crisis by 3 Months
- Arkansas Lawsuit Alleges Discrimination by White Nationalist Group in Land Sale
- Texans Hate Data Centers So Much They Are Asking Jesus for Help
- Texas Summer Camps Face Closure Due to New State Regulations
- Inszone Acquires Michigan’s Legacy Partners
- Record-Setting Drought Devastates Wheat Crop in Kansas
- People Moves; Church Mutual Names Kim as CFO, Promotes Schmeltzer to VP of Underwriting, Religious Markets
- Ohio Man Sentenced for Causing $860K in Computer Fraud Losses
- US Finalizes Easement for Dakota Access Crude Oil Pipeline
- One of World’s Largest Energy Storage Plants Launches in South Dakota
National News
- Viewpoint: Tackling the Threat of Legal System Abuse
- Comulate Loses Appeal for Injunction Against Applied Systems
- Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino
- First Brands Hit by $286 Million Claim for Alleged Tariffs Fraud
- Activision Shareholders Reach $250 Million Settlement Over Microsoft Buyout
- Trump Postpones Signing AI Security Order Over Parts He Disliked
- Register: Risky Future AI Tools for Embedded Platforms ‘Demo Day’ on May 27
- US Supreme Court Denies Meta’s Challenge to Vermont Social Media Addiction Lawsuit
East News
- USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency
- Uber, Lyft Drivers in Massachusetts Form First US Ride-Share Union
- US Supreme Court Denies Meta’s Challenge to Vermont Social Media Addiction Lawsuit
- After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI
- JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims
- Beacon Mutual Begins Notifying Those Affected by Data Breach
Midwest News
- Inszone Acquires Michigan’s Legacy Partners
- Record-Setting Drought Devastates Wheat Crop in Kansas
- People Moves; Church Mutual Names Kim as CFO, Promotes Schmeltzer to VP of Underwriting, Religious Markets
- Ohio Man Sentenced for Causing $860K in Computer Fraud Losses
- US Finalizes Easement for Dakota Access Crude Oil Pipeline
- One of World’s Largest Energy Storage Plants Launches in South Dakota
Schools claim addiction to social media platforms disrupted learning and forced them to spend on a mental health crisis.
Texas / South Central News
- Texas Sues Discord Over Alleged Child Predator Exposure
- Inszone Acquires Texas’ Taylor Insurance Agency
- Rainy April Delays Corpus Christi’s Projected Water Crisis by 3 Months
- Arkansas Lawsuit Alleges Discrimination by White Nationalist Group in Land Sale
- Texans Hate Data Centers So Much They Are Asking Jesus for Help
- Texas Summer Camps Face Closure Due to New State Regulations
Southeast News
- Supreme Court Tosses Florida Suit Over Immigrant Driver’s Licenses
- Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms
- NC Jury Award for Workers Injured in Wall Collapse May be Largest in State History
- Insurance Firm Safepoint, Backers Seek $283.3 Million in IPO
- Delay in Calling Police Does Not Wreck UM Claim, WV Supreme Court Says
- OSHA Has 6 Inspectors for 60,000 West Virginia Workplaces
The technology may be maturing faster than the operating models around it, said AM Best.
West News
- Crest Insurance Group Names Hart Vice President, Employee Benefits
- California Narrows Evacuation Area With Risk ‘Off the Table’
- San Francisco Turns to AI to Avoid Collisions Between Ships And Whales
- Oil Pipeline Shut Down After East Los Angeles Rupture
- Gov. Newsom Issues Executive Order to Prep Workers, Businesses for AI Disruption
- People Moves: Commissioner Kuderer to Chair NAIC’s Child Care Insurance Group
International & Reinsurance News
- Tanker Reports External Explosion off Oman Coast, Crew Safe, UKMTO Says
- Private Credit Losses May Hit Insurers More Than Banks, ECB Says
- Britain’s Navy Prepares to Clear Mines in Strait of Hormuz While Waiting for Peace Deal
- OpenAI’s Altman Says AI Unlikely to Lead to ‘Jobs Apocalypse’
- Saving Supply Chains From Climate Shocks Is a Lure for Investors
- Brazil Prosecutors Sue to Ban Weed Killer Glyphosate
- Markets/Coverages: Fidelis Partnership Boosts Automated Broker Submission Process
Insurance Journal Blogs and Columns
- Cut Manual Work: Insurance Operations Automation with EZLynx
- Securing Favorable Terms on Unbundled Business Auto Coverage
- Cotality’s Focus on Interoperability: Producing End-to-End Trust for Insurance and Restoration
- How AI Is Reshaping the Independent Insurance Agency
- The Hidden Insurance Risks of Ultra-Processed Foods
- When the Workflow Finally Works
Quote of Note
"Certainly, claims — with all of their moving parts in all of the lines of business — still present compliance challenges."
More Quotes Kathy Donovan, lead researcher for Wolters Kluwer, on P/C insurers' top market conducts mistakes.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Neptune Insurance Holdings Inc. | NP | $28.94 | +3.84% |
| Root, Inc. | ROOT | $58.32 | +1.64% |
| Hippo Holdings Inc. | HIPO | $26.60 | +1.53% |
| Lemonade, Inc. | LMND | $57.36 | +1.49% |
| Kingstone Companies, Inc. | KINS | $16.12 | +1.26% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Goosehead Insurance, Inc. | GSHD | $40.00 | -4.03% |
| Hagerty, Inc. | HGTY | $10.35 | -3.27% |
| Ategrity Specialty Insurance Company Holdings | ASIC | $20.14 | -2.47% |
| American Integrity Insurance Group, Inc. | AII | $16.65 | -2.12% |
| Bowhead Specialty Holdings Inc. | BOW | $27.76 | -1.91% |