Broker Hub International is seeking to raise about $3 billion in its initial public offering.
The flood insurance gap in the U.S. is big and it’s not getting better, said Moody's.
- Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit
- Hellman & Friedman’s Hub International Seeks $3 Billion in IPO
- Midtown Manhattan Buildings Evacuated After Collapse Warning
- CFC Names Former Direct Line Exec Winslow as Group CEO, Succeeding O’Shea
- New Autopsy of Baby Killed by Police in Mississippi Deepens Outrage
- Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts
- People Moves: Chesapeake Employers’ Names Barnett to Leadership
- Massachusetts High Court: Regulator Must Explain 14.6% Workers’ Comp Rate Cut
- Midtown Manhattan Buildings Evacuated After Collapse Warning
- What 124 Future Business Leaders Really Think About AI and Work
- New York City Reports Cases of Legionnaires’ Disease Rise to 23
- New York City Investigating Legionnaires’ Disease Outbreak on Upper East Side
- Los Angeles Heat Builds Ahead of Hot Spell Across US Southwest
- Faster, Fiercer Wildfires Are Testing Evacuation Plans
- Organized Jewelry Theft Ringleader in California Handed 16-Year Sentence
- Bamboo Launches Essential HO2 Product in California
- AM Best Places Credit Ratings of Topa in California Under Review
- Washington Labor & Industries Opens Inspections at State’s Other Kraft Paper Mills
- Shark Attack on Alabama Teen Inspires Start of National Alert System
- Premiums Will Skyrocket by 2035, and Discounts Not Enough for Wind Mit, Studies Say
- Four Deaths in Two Years Has Raised Questions About Georgia Postal Center
- New Autopsy of Baby Killed by Police in Mississippi Deepens Outrage
- Marshall+Sterling Sets Up New Regional Office in Fort Lauderdale
- Alabama DOI Lifts 16-Month Moratorium on New Captive Insurers
- Sequel Insurance Agencies Acquires Texas’ Watkins
- Premiums Will Skyrocket by 2035, and Discounts Not Enough for Wind Mit, Studies Say
- Louisiana Order Suspends Insurance Cancellations After Tropical Storm Arthur
- Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit
- Deadly Screwworm’s Leap Into the US Mystifies Health Experts
- Texas Doesn’t Require Training for All Emergency Coordinators
- NTSB Finds No Engine Failure in Deadly Missouri Skydiving Plane Crash
- Missouri Officials Advise Drivers on How to Prevent Auto Theft
- Iowa Insurance Agent Charged With Identity Theft, Fraud
- Fatal Boat Capsizing Claims Three Lives in Wisconsin’s Geneva Lake
- People Moves: Shepherd Insurance Names Hill as CIO
- Ex-Michigan Police Lieutenant Pleads Guilty to Falsifying Salvage Vehicle Inspections
National News
- Merger Suits Stall Under DOJ Boss Who Opposes Blocking Deals
- Judge Approves $46.75 Million Payout for 23andMe Data Breach Victims
- Meta Says States Seek $1.4 Trillion in Penalties in August Youth Safety Trial
- Microsoft Joins AI-Driven Tech Layoff Wave With 4,800 Job Cuts
- US Cyber Agency Is Using Anthropic’s Mythos to Audit Government Code: Sources
- CFC Names Former Direct Line Exec Winslow as Group CEO, Succeeding O’Shea
- Sompo to Acquire Service Insurance Companies to Expand US Workers Comp
- People Moves: AXA XL Appoints Rodliff as Chief Claims Officer, Americas
East News
- People Moves: Chesapeake Employers’ Names Barnett to Leadership
- Massachusetts High Court: Regulator Must Explain 14.6% Workers’ Comp Rate Cut
- Midtown Manhattan Buildings Evacuated After Collapse Warning
- What 124 Future Business Leaders Really Think About AI and Work
- New York City Reports Cases of Legionnaires’ Disease Rise to 23
- New York City Investigating Legionnaires’ Disease Outbreak on Upper East Side
Midwest News
- NTSB Finds No Engine Failure in Deadly Missouri Skydiving Plane Crash
- Missouri Officials Advise Drivers on How to Prevent Auto Theft
- Iowa Insurance Agent Charged With Identity Theft, Fraud
- Fatal Boat Capsizing Claims Three Lives in Wisconsin’s Geneva Lake
- People Moves: Shepherd Insurance Names Hill as CIO
- Ex-Michigan Police Lieutenant Pleads Guilty to Falsifying Salvage Vehicle Inspections
The legislation extends the terrorism insurance backstop until through 2034.
Texas / South Central News
- Sequel Insurance Agencies Acquires Texas’ Watkins
- Premiums Will Skyrocket by 2035, and Discounts Not Enough for Wind Mit, Studies Say
- Louisiana Order Suspends Insurance Cancellations After Tropical Storm Arthur
- Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit
- Deadly Screwworm’s Leap Into the US Mystifies Health Experts
- Texas Doesn’t Require Training for All Emergency Coordinators
Southeast News
- Shark Attack on Alabama Teen Inspires Start of National Alert System
- Premiums Will Skyrocket by 2035, and Discounts Not Enough for Wind Mit, Studies Say
- Four Deaths in Two Years Has Raised Questions About Georgia Postal Center
- New Autopsy of Baby Killed by Police in Mississippi Deepens Outrage
- Marshall+Sterling Sets Up New Regional Office in Fort Lauderdale
- Alabama DOI Lifts 16-Month Moratorium on New Captive Insurers
The world must urgently develop guardrails to contain the threat posed by AI, she said.
West News
- Los Angeles Heat Builds Ahead of Hot Spell Across US Southwest
- Faster, Fiercer Wildfires Are Testing Evacuation Plans
- Organized Jewelry Theft Ringleader in California Handed 16-Year Sentence
- Bamboo Launches Essential HO2 Product in California
- AM Best Places Credit Ratings of Topa in California Under Review
- Washington Labor & Industries Opens Inspections at State’s Other Kraft Paper Mills
International & Reinsurance News
- Iran Tells UN It Has Right to Control ‘Parts’ of Hormuz Strait
- Ugandan Farmers to Challenge $5.6 Billion Pipeline in UK Lawsuit
- LNG Tanker at Risk of Exploding After Two Vessels Struck Near Strait of Hormuz
- Qatari LNG Ship Struck in Strait of Hormuz, Testing US Talks
- Financial Services’ AI Dangers Highlighted by Regulator’s Review
- CFC Names Former Direct Line Exec Winslow as Group CEO, Succeeding O’Shea
- Banks’ Exposure to Heat-Related Losses Faces Scrutiny in EU
- ANV Completes Acquisition of London-Based Iris Insurance Brokers
Insurance Journal Blogs and Columns
- Scaling Account Teams Without Hiring: The Operational Playbook
- America Turns 250, and the Risk Meter Is Still Working
- Innovation in Insurance Starts with Operations
- Bridge Specialty Group & BoundAI: Transforming Submission Operations with 40% Cost Savings
- The Insurance Review Clients Actually Need This Summer
- The Challenges of D&O Risk in Private Equity
Quote of Note
"This is the first firming market I have seen since I joined the insurance industry, so it certainly looks a lot different than it did when I started."
More Quotes Steve Moughamian, Risk Placement Services (RPS), Lexington, Ky.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $5.12 | +6.00% |
| Goosehead Insurance, Inc. | GSHD | $55.60 | +4.91% |
| Skyward Specialty Insurance Group, Inc. | SKWD | $62.41 | +3.67% |
| TWFG, Inc. | TWFG | $26.02 | +3.54% |
| AMERISAFE, Inc. | AMSF | $35.45 | +2.31% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingsway Corporation | KWY | $10.16 | -3.05% |
| NI Holdings, Inc. | NODK | $15.49 | -1.78% |
| Universal Insurance Holdings, Inc. | UVE | $42.20 | -1.63% |
| Lemonade, Inc. | LMND | $77.59 | -1.41% |
| Slide Insurance Holdings, Inc. | SLDE | $20.78 | -0.91% |