The recent outage at Amazon Web Services again raised questions about systemic loss.
The renewal rights of Everest’s retail commercial business total about $2 billion.
- Jamaica Catastrophe Bond Has Now Triggered, Government Says
- Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida
- Buffett’s Berkshire Cash Hits $382 Billion, Earnings Soar
- Two New Suspects Handed Preliminary Charges in Louvre Jewels Heist: Prosecutor Says
- AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B
- A Toy Maker Takes His Case Against Trump’s Tariffs to the Supreme Court
- ‘I Thought I Had Died,’ Testifies Teacher Shot by 6-Year-Old Student
- Judge Dismisses Texas Challenge to New York Abortion Shield Law
- Trump Administration Targets State Laws Shielding Credit Reports From Medical Debt
- Boston Weighs Clampdown on Driverless Taxis in Threat to Waymo
- Five Correctional Department Employees Charged With Workers’ Compensation Fraud
- AM Best Keeps Credit Ratings of NASW Insurance Co. Under Review
- LP Expands into Oregon With Acquisition of Mountain West
- NTSB Agrees With Requiring Inspections of 2,000 Learjets After Arizona Crash
- California Attorney General Charges Eight in Bay Area Auto-Theft Ring
- Washington Commissioner Issued $828K in Fines for Insurance Violations
- Washington Supreme Court Restores $185M Monsanto Chemical Leak Verdict
- FBI Searched California Real Estate Firm Linked to Bad Bank Loans, Lawsuit
- Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida
- Black Vultures Spreading North, Attacking and Killing Cattle
- North Carolina Public Adjuster Charged With Embezzling $130,000 Insurance Payment
- Alabama DOI Says Captive Moratorium Does Not Apply to Foreign RRGs
- Shaq Hacked: Shaquille O’Neal’s Custom Range Rover Stolen in Transport
- Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls
- Wildfire Forces Rural Community in Southern Texas to Evacuate
- People Moves: Texas State Office of Risk Management Names Hays as Executive Director
- Texas Backs Permian Gas-Fired Power Plant With $1.1B Loan as AI Demand Soars
- EverPeak Launches Workers’ Comp in Arkansas
- Fermi Orders Four Big Nuclear Reactors in Texas
- Lawsuit Leads to Surrender of Texas Physician’s License over Gender-Affirming Care
- North Dakota Judge Says Greenpeace Must Pay $345M in Pipeline Lawsuit
- Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes
- Michigan Acquires Shipwreck Artifact in Unusual Settlement Agreement
- GM to Cut EV, Battery Production and 1,200 Jobs at Michigan Plant
- South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices
- People Moves: Alliant Names Lapinski to Employee Benefits Group
National News
- Buffett’s Berkshire Cash Hits $382 Billion, Earnings Soar
- 6 in 10 Construction Workers Report Anxiety, Depression in Past Year
- PHLY Makes Largest Acquisition in Its History With Collector Car Business Expansion
- A Toy Maker Takes His Case Against Trump’s Tariffs to the Supreme Court
- People Moves: H.W. Kaufman Group Promotes 16 Across Executive and North American Teams; Howden US Names Dallal EVP, Financial Lines
- Insurers Begin Restricting Privacy Coverage in Response to Evolving Risk
East News
- ‘I Thought I Had Died,’ Testifies Teacher Shot by 6-Year-Old Student
- Judge Dismisses Texas Challenge to New York Abortion Shield Law
- Trump Administration Targets State Laws Shielding Credit Reports From Medical Debt
- Boston Weighs Clampdown on Driverless Taxis in Threat to Waymo
- Five Correctional Department Employees Charged With Workers’ Compensation Fraud
- AM Best Keeps Credit Ratings of NASW Insurance Co. Under Review
Midwest News
- North Dakota Judge Says Greenpeace Must Pay $345M in Pipeline Lawsuit
- Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes
- Michigan Acquires Shipwreck Artifact in Unusual Settlement Agreement
- GM to Cut EV, Battery Production and 1,200 Jobs at Michigan Plant
- South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices
- People Moves: Alliant Names Lapinski to Employee Benefits Group
The Category 5 hurricane made landfall last week in southwestern Jamaica, the nation's first major hurricane since 1988.
Texas / South Central News
- Wildfire Forces Rural Community in Southern Texas to Evacuate
- People Moves: Texas State Office of Risk Management Names Hays as Executive Director
- Texas Backs Permian Gas-Fired Power Plant With $1.1B Loan as AI Demand Soars
- EverPeak Launches Workers’ Comp in Arkansas
- Fermi Orders Four Big Nuclear Reactors in Texas
- Lawsuit Leads to Surrender of Texas Physician’s License over Gender-Affirming Care
Southeast News
- Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida
- Black Vultures Spreading North, Attacking and Killing Cattle
- North Carolina Public Adjuster Charged With Embezzling $130,000 Insurance Payment
- Alabama DOI Says Captive Moratorium Does Not Apply to Foreign RRGs
- Shaq Hacked: Shaquille O’Neal’s Custom Range Rover Stolen in Transport
- Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls
The rise of catastrophe bonds may now be eroding the market share of reinsurers.
West News
- LP Expands into Oregon With Acquisition of Mountain West
- San Francisco Mayor Proposes Denser Housing to Tackle Affordability Crisis
- NTSB Agrees With Requiring Inspections of 2,000 Learjets After Arizona Crash
- California Attorney General Charges Eight in Bay Area Auto-Theft Ring
- Washington Commissioner Issued $828K in Fines for Insurance Violations
- Washington Supreme Court Restores $185M Monsanto Chemical Leak Verdict
International & Reinsurance News
- Insured Losses From Hurricane Melissa Could Reach $4.2 Billion, Verisk Estimates
- Jamaica Catastrophe Bond Has Now Triggered, Government Says
- Two New Suspects Handed Preliminary Charges in Louvre Jewels Heist, Prosecutor Says
- Vietnam Flood Deaths Rise as New Storm Tracks Toward Coast
- Markets/Coverages: AXA XL Offers Cyber Solution for Europe, APAC Construction Firms
- Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion
Insurance Journal Blogs and Columns
- Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes
- How to Use Content Marketing to Grow Your Insurance Agency
- Applied Acquires Cytora: Supercharging the Digital Roundtrip of Insurance with AI
- Why Ethics CE Matters: Strengthening Professional Standards in Insurance
- A Lost Art: The Submission Letter
Sponsored Newswire
- PGM Solutions Expands Home Factors with New Roof and Electrical Insights to Strengthen Carrier Risk Models
- Expert Underwriter Secures Critical Wildfire Coverage for High-Risk California Warehouse, Saving Key Account
Quote of Note
"The coronavirus outbreak has reduced risk in some areas while, at the same time, changing and heightening it in others. The wider changes in society and industry brought about and accelerated by the pandemic are likely to have a long-term impact on claims patterns and loss trends in the corporate insurance sector."
More Quotes Thomas Sepp, chief claims officer, Allianz Global Corporate & Specialty
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Ryan Specialty Holdings, Inc. | RYAN | $54.80 | +8.13% |
| Root, Inc. | ROOT | $80.52 | +4.02% |
| Kingsway Financial Services Inc. | KFS | $14.24 | +2.30% |
| Donegal Group Inc. | DGIC.A | $18.75 | +2.01% |
| Markel Group Inc. | MKL | $1,974.53 | +1.86% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Employers Holdings, Inc. | EIG | $38.13 | -6.38% |
| Erie Indemnity Company | ERIE | $292.64 | -5.49% |
| Arthur J. Gallagher & Co. | AJG | $249.49 | -4.79% |
| Neptune Insurance Holdings Inc. | NP | $25.68 | -3.06% |
| Universal Insurance Holdings, Inc. | UVE | $30.82 | -1.88% |