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
- Supreme Court Set to Issue Rulings as Trump Awaits Fate of Tariffs
- 10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris
- Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme
- MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement
- CRC Group Completes Acquisition of Lloyd’s Managing Agency Atrium
- ‘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
- The MEMIC Group Closes Acquisition of The Dakota Group
- 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
- The MEMIC Group Closes Acquisition of The Dakota Group
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
- 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
We've been wondering when the metaphorical dam's going to break, and the product liabilities are going to come out of the woodwork. I feel like we're starting to see the cracks in the foundation happening now, in respect of the product recalls.
More Quotes Insuring Cannabis panelist Jodi Green, an attorney at Miller Nash LLP.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American Coastal Insurance Corporation | ACIC | $11.70 | +3.27% |
| Kinsale Capital Group, Inc. | KNSL | $411.14 | +3.18% |
| Heritage Insurance Holdings, Inc. | HRTG | $27.23 | +2.95% |
| Employers Holdings, Inc. | EIG | $44.34 | +2.88% |
| Kingstone Companies, Inc. | KINS | $17.29 | +2.67% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| The Hanover Insurance Group, Inc. | THG | $176.76 | -0.80% |
| Kingsway Financial Services Inc. | KFS | $12.33 | -0.64% |
| Neptune Insurance Holdings Inc. | NP | $27.49 | -0.58% |
| Lemonade, Inc. | LMND | $80.76 | -0.30% |
| NI Holdings, Inc. | NODK | $13.36 | -0.22% |