A new analysis suggests Americans are being overcharged by $150 billion annually.
Governance challenges have contributed to AI project failure or underperformance.
- Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW
- Most Are Overcharged for Property Insurance, Vanderbilt Study Says
- Progressive Insurance Helps First-Time Homebuyers With Down Payments
- No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law
- Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices
- California Taking Action Against State Farm Over LA Wildfire Claims
- Spanberger Weighs Legislation to Allow Class Action Lawsuits in Virginia Courts
- Pennsylvania Sues Character AI, Says Chatbot Poses as Doctors
- EEOC Lawsuit Claims NY Times Wrongly Denied White Male Editor a Promotion
- Kalshi Grilled by Massachusetts High Court Over What Gambling Is
- Electrical Fire Closes Broadway Theater Showing ‘The Book of Mormon’
- Rhode Island Approves 2.5% Workers’ Compensation Decrease
- Pacific Hurricane Season Brings Higher Risk of Impacts for Hawaii, SoCal, Mexico
- Bird Flu May Spread Through Air on California Dairy Farms, Study Finds
- DOJ Files Statement of Interest in California Fire Insurance Case
- A Quiet Alaska Fault Is Missing The Fluids Scientists Expected
- Oregon Regulator Shuts Down Health Sharing Company’s ‘Unlicensed’ Insurance
- California Taking Action Against State Farm Over LA Wildfire Claims
- Florida’s Baldwin Group Brokerage Sees Small Q1 Loss After Busy Merger Year
- Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices
- Fire Destroys Lab Building on University of South Florida Campus
- People Moves: NCDOI Names Price Deputy Commissioner Over Company Services
- No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law
- People: Sunstar Names New CEO, King Risk Adds Sales Leadership
- Texas Mutual Board Approves $300M Dividend Distribution
- 10 Hospitalized After Chemical Leak at Louisiana Business
- Louisiana Directive Requests Annual Reporting of Personal Lines Data
- TWFG Acquires Texas-Based Asset Protection Insurance Associates
- Wheat Crops Wither, Herds Thin as Spring Drought Deepens
- SpaceX Sued for Alleged Home Damage in South Texas
- People Moves: Brotherhood Mutual Announces Leadership Promotions & Transition; Assurex Global’s Johnson Named SVP, Global Growth Strategy
- Trump Administration Seeks to Stop Minnesota Lawsuit Against Oil Companies
- People Moves: Society Insurance Names Kohli as VP of Information Technology
- Railroad Wrongfully Suspended Worker for Reporting Collision: OSHA
- Wheat Crops Wither, Herds Thin as Spring Drought Deepens
- American Farmers Shun USDA Surveys as Trust in Data Erodes
National News
- Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW
- Microsoft, Google and xAI to Give Government Early Access to AI Models
- Business Moves: Howden Acquires Cyber Analytics Firm Cybeta
- SEC Rule to End Biden-Era Climate Policy Sent to White House
- FAA Proposes Limits on Drone Flights to Address Security Worries
- AIG Set to Exit Corebridge Financial With $710M Stake Sale
- Musk Agrees to Pay $1.5 Million Over SEC Twitter Stake Case
- Insurance Distribution Associations Unite to Form New Industry Advisory Council
- Tech Update: Corgi Fills AI Risk Gaps; Gallagher Touts AI-Human Sales Blueprint; Cogitate AI and Vital Protect Medical Practices
East News
- Spanberger Weighs Legislation to Allow Class Action Lawsuits in Virginia Courts
- Pennsylvania Sues Character AI, Says Chatbot Poses as Doctors
- EEOC Lawsuit Claims NY Times Wrongly Denied White Male Editor a Promotion
- Kalshi Grilled by Massachusetts High Court Over What Gambling Is
- Electrical Fire Closes Broadway Theater Showing ‘The Book of Mormon’
- Rhode Island Approves 2.5% Workers’ Compensation Decrease
Midwest News
- People Moves: Brotherhood Mutual Announces Leadership Promotions & Transition; Assurex Global’s Johnson Named SVP, Global Growth Strategy
- Trump Administration Seeks to Stop Minnesota Lawsuit Against Oil Companies
- People Moves: Society Insurance Names Kohli as VP of Information Technology
- Railroad Wrongfully Suspended Worker for Reporting Collision: OSHA
- Wheat Crops Wither, Herds Thin as Spring Drought Deepens
- American Farmers Shun USDA Surveys as Trust in Data Erodes
CDI reviewed a sample of 220 claims and found 398 violations of state law.
Texas / South Central News
- Texas Mutual Board Approves $300M Dividend Distribution
- 10 Hospitalized After Chemical Leak at Louisiana Business
- Louisiana Directive Requests Annual Reporting of Personal Lines Data
- TWFG Acquires Texas-Based Asset Protection Insurance Associates
- Wheat Crops Wither, Herds Thin as Spring Drought Deepens
- SpaceX Sued for Alleged Home Damage in South Texas
Southeast News
- Florida’s Baldwin Group Brokerage Sees Small Q1 Loss After Busy Merger Year
- Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices
- Fire Destroys Lab Building on University of South Florida Campus
- People Moves: NCDOI Names Price Deputy Commissioner Over Company Services
- No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law
- People: Sunstar Names New CEO, King Risk Adds Sales Leadership
Some have posted otherwise, but the state’s PIP law has not been repealed.
West News
- Pacific Hurricane Season Brings Higher Risk of Impacts for Hawaii, SoCal, Mexico
- Bird Flu May Spread Through Air on California Dairy Farms, Study Finds
- DOJ Files Statement of Interest in California Fire Insurance Case
- A Quiet Alaska Fault Is Missing The Fluids Scientists Expected
- Oregon Regulator Shuts Down Health Sharing Company’s ‘Unlicensed’ Insurance
- California Taking Action Against State Farm Over LA Wildfire Claims
International & Reinsurance News
- Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW
- Allianz Commercial Transitions its Standalone Cyber Business to MGA Coalition
- Iran Confirms It Is Reviewing New US Proposal as Sources Say Sides Closing In on Deal
- FSB Watchdog Flags Risks in Banks’ Growing Private Credit Ties
- Fatal 2022 China Plane Crash Points to Midflight Fuel Cutoff
- Crew Rescued After Cargo Ship Sinks Off Greece, Coast Guard Says
- Volkswagen’s Brazil Unit Recalls Five Models for Instrument Panel Software Fix
Insurance Journal Blogs and Columns
- A Closer Look at Cyber Incidents in Healthcare
- Inside Applied Net 2026: What Makes It a Must-Attend Event for EZLynx Users
- How AI Helps Brokerages Raise the Floor on Execution
- Dyad Enhances ALIS DX with Self-Service Configuration for Faster Execution and Greater Operational Control
- How Insurance Agencies and Carriers Can Scale Revenue Without Hiring More Staff
- MGA Marketplace Update
Sponsored Newswire
More Sponsored NewswiresQuote of Note
If you've reached an exponential part of the curve where suddenly, something's accelerating, it's almost certain that we are underpricing the risk that we're taking.
More Quotes Bruce Carnegie-Brown, chairman of insurance market Lloyd’s of London.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| United Fire Group, Inc. | UFCS | $43.01 | +7.93% |
| Kingstone Companies, Inc. | KINS | $16.45 | +4.58% |
| Ategrity Specialty Insurance Company Holdings | ASIC | $19.62 | +1.92% |
| Enact Holdings, Inc. | ACT | $43.06 | +1.77% |
| Universal Insurance Holdings, Inc. | UVE | $40.32 | +1.38% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American Coastal Insurance Corporation | ACIC | $10.44 | -12.05% |
| Lemonade, Inc. | LMND | $53.00 | -7.29% |
| Arthur J. Gallagher & Co. | AJG | $196.91 | -4.32% |
| James River Group Holdings, Inc. | JRVR | $4.51 | -3.84% |
| Trupanion, Inc. | TRUP | $24.92 | -3.82% |