The Category 2 hurricane will likely be an earnings event for insurers, added AM Best.
Insurers are withdrawing coverage and passing losses to governments.
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
- Viewpoint: Beware These Commercial Auto Endorsements!
- Home Insurance Tops Property Taxes in Squeeze for US Households
- California Group Off the Hook for Defamation Suit Brought by Maine Lobster Industry
- Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
- People Moves: Virginia Workers’ Comp Commission Names 2 Deputy Commissioners
- Massachusetts Adopts Stronger Nursing Home Regulations
- Former Portfolio Manager Sues Fidelity After Leaving for Michael Dell’s Family Office
- Two Contractors and a Restaurateur Arrested on Workers’ Compensation Violations
- Washington Commissioner Fines Insurers, Producers $495,200
- ‘Weather Whiplash’ Bringing Back Rain and Snow to California
- California Adds Voluntary Review Before Insurers File Rate Applications
- Compass Files Suit Over California Home Listing Service Rules
- California Hybrid Market Share Hits Record as EV Registrations Decline
- Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
- Florida OIR Marks End to American Mobile, Which Briefly Served Stressed MH Market
- Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks
- Roofer, Insurance Producer Charged in Separate Fraud Cases in the Carolinas
- Isaias: 47,000 Claims and $582M in Losses in Florida So Far, OIR Reports
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- Fisherman Killed by 12-Foot Alligator at Central Florida Lake
- Home Insurance Tops Property Taxes in Squeeze for US Households
- Texas Data Center Boom Threatens Progress on Air Quality
- A Repair Estimate Is Not Necessarily a Notice of Bad Faith in Louisiana
- Service Member Dies After Rappelling Fall at College Football Game
- TDI Unveils Transparency Tool Showing Why Auto Policies are Declined
- Taiwan to Fund $4 Billion Texas Complex for AI, Nvidia Partners
- Home Insurance Tops Property Taxes in Squeeze for US Households
- People Moves: Ohio Mutual Names Kratzer as AVP, Internal Audit
- BNSF Railway Sued for Firing Employee Because of Their Disability
- Amazon and AEP Explore 960-Megawatt Nuclear Project in Indiana
- NTSB Investigating Plane Crash in Wisconsin That Killed 6
- Ohio AG Sues Home-Improvement Companies for Allegedly Scamming Customers
National News
- Chubb Q3 Net Income Down Slightly on More Catastrophe Losses
- AI Accelerates Cyber Threat Landscape, Poses New Risks for Insurers and Businesses
- WR Berkley Reports Q3 Net Income Decrease, Operating Income Up
- Viewpoint: AI in Insurance Agencies – What Actually Makes the Business Better?
- Supreme Court to Weigh Case Over Race and School Admissions
- Insurer Rolls Out Policy to Protect Data Centers Against Growing Backlash
- US Banning Chinese AI DeepSeek From Government Agency IT Systems
- Home Insurance Tops Property Taxes in Squeeze for US Households
East News
- New York Arrests 16 in Crackdown on Staged Insurance Crashes
- California Group Off the Hook for Defamation Suit Brought by Maine Lobster Industry
- Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
- People Moves: Virginia Workers’ Comp Commission Names 2 Deputy Commissioners
- Massachusetts Adopts Stronger Nursing Home Regulations
- Former Portfolio Manager Sues Fidelity After Leaving for Michael Dell’s Family Office
Midwest News
- Home Insurance Tops Property Taxes in Squeeze for US Households
- People Moves: Ohio Mutual Names Kratzer as AVP, Internal Audit
- BNSF Railway Sued for Firing Employee Because of Their Disability
- Amazon and AEP Explore 960-Megawatt Nuclear Project in Indiana
- NTSB Investigating Plane Crash in Wisconsin That Killed 6
- Ohio AG Sues Home-Improvement Companies for Allegedly Scamming Customers
Because smoke claims are typically high after wildfires, the new law will add to the already considerable workload.
Texas / South Central News
- Home Insurance Tops Property Taxes in Squeeze for US Households
- Texas Data Center Boom Threatens Progress on Air Quality
- A Repair Estimate Is Not Necessarily a Notice of Bad Faith in Louisiana
- Service Member Dies After Rappelling Fall at College Football Game
- TDI Unveils Transparency Tool Showing Why Auto Policies are Declined
- Taiwan to Fund $4 Billion Texas Complex for AI, Nvidia Partners
Southeast News
- Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment
- Florida OIR Marks End to American Mobile, Which Briefly Served Stressed MH Market
- Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks
- Roofer, Insurance Producer Charged in Separate Fraud Cases in the Carolinas
- Isaias: 47,000 Claims and $582M in Losses in Florida So Far, OIR Reports
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
Damage in France from recent street riots will reveal the extent of insurance coverage.
West News
- Report: Arizona Vehicle Thefts Fall 21%, But Fraud Schemes May Mask Losses
- California Mailing Company Owner Pays Nearly $2 Million Over Unpaid Wages, Closure
- Washington Commissioner Fines Insurers, Producers $495,200
- ‘Weather Whiplash’ Bringing Back Rain and Snow to California
- California Adds Voluntary Review Before Insurers File Rate Applications
- Compass Files Suit Over California Home Listing Service Rules
International & Reinsurance News
- French Riots Seen as Insurance Test Before New Regime Kicks In
- AI Tool That Hacked Korean Banks Was Used in Japan: Security Firm
- Bank of England Considers Stress Testing AI’s Effect on the Financial Sector
- French Unrest Tapers Off After Security Measures Imposed
- Google Cloud Outage in UK Eases After Affecting Digital Banks, Public Sector Websites
- Hormuz Could Be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says
Insurance Journal Blogs and Columns
- How AI is Changing Insurance Document Research
- Evaluating Commercial Replacement Cost Estimates: Beyond the Numbers Part 1
- The Part of the Underwriting Workflow Where a $300,000 Mistake Hides
- What Operationally Consistent Client Service Actually Looks Like
- AI & Futurecasting: Preparing Work, Not Just Workers
- Turning MGA Growth into Staying Power
Sponsored Newswire
- AAI Launches Agency Gauge, Bringing AI-Powered Guidance to Industry-Leading Agency Analytics Platform
- XS Brokers Names Industry Veteran John J. Head Managing Partner – Growth & Strategy; Appoints Bryan Sanders as Strategic Advisor to Board of Directors
Quote of Note
"What NotPetya really laid bare was this idea that if you're selling a half-baked cyber coverage grant inside of some other policy, you're playing with fire. And if you're an insured, you're not buying a product that's fit for purpose."
More Quotes Conan Ward, president of MGA/MGU Operations at QOMPLX.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Lemonade, Inc. | LMND | $45.40 | +5.21% |
| Ryan Specialty Holdings, Inc. | RYAN | $42.89 | +5.20% |
| Hippo Holdings Inc. | HIPO | $37.33 | +5.15% |
| Trupanion, Inc. | TRUP | $28.76 | +4.58% |
| American Integrity Insurance Group, Inc. | AII | $28.95 | +3.47% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $6.94 | -8.32% |
| Orion180 Insurance Group Inc. | OIG | $9.45 | -3.96% |
| W. R. Berkley Corporation | WRB | $73.15 | -1.26% |
| Hagerty, Inc. | HGTY | $15.46 | -0.64% |
| Kingstone Companies, Inc. | KINS | $19.31 | -0.52% |