The head of FEMA said states will bear half the costs for responding to natural disasters.
AM Best said the decision to retire a NOAA disaster database could be detrimental.
- Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports
- Former Progressive CEO Renwick, 69, Dies
- Hack of Contractor Was at Root of Massive Federal Data Breach
- State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing
- Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
- Hacker of App Used by Trump Aide Stole Data From Across Government
- FAA Cuts Newark Flights After Air Traffic Control Issues
- Radio Calls for Help Sent 45 Seconds Before Mexican Ship Hit Brooklyn Bridge
- Judge Rejects Vanguard $40 Million Mutual Fund Settlement, Cites SEC Accord
- DoorDash Expands Driver Savings Pilot Program to Maryland
- Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
- Maryland Officials Say Autopsies Misclassified Deaths in Police Custody
- State Farm Still Wants a 30% Rate Increase in California
- Alphabet’s Waymo Gets California Nod for Robotaxi Expansion in Bay Area
- Senate Will Try to Block California Vehicle Standards to Phase Out Gas-Powered Cars
- Idaho Police Release Names of 6 Killed in Yellowstone Tour Crash Amid Investigation
- People Moves: O’Day Named Acting Director of Oregon DCBS, Keen as Acting Insurance Commissioner
- Judge Scraps LA Sparks Player’s WNBA Suit; Can Pursue Claim Against Las Vegas Aces
- Amazon’s Zoox Expands Robotaxi Trials to Rival Turf in Atlanta
- New Salmonella Outbreak Tied to Same Florida Grower With Cucumbers Last Year
- World Insurance Adds Two Agencies in South Carolina
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Austin Bar to Pay $42K Over Pregnancy Discrimination Lawsuit
- People Moves: CIS Promotes Gardea, Jr., Adds Felder to Leadership Team
- Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Fire Destroys Mansion on a Former Louisiana Sugar Plantation
- Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware
- Shortage of Overnight Truck Parking Blamed for 2023 Fatal Bus Crash in Illinois
- First MainStreet Adds 2 Midwest Agencies
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Train Strikes Family on Ohio Railroad Bridge, Killing 3
- Iowa-Based Ice Cream Manufacturer Issues Recall Over Plastic Concerns
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
National News
- Hack of Contractor Was at Root of Massive Federal Data Breach
- Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
- Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B
- Former Progressive CEO Renwick, 69, Dies
- Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
- Hacker of App Used by Trump Aide Stole Data From Across Government
- People Moves: World Insurance Associates Names Youshock Head of Personal Lines; Belair Appointed President of Technology at Intact Insurance Specialty Solutions
East News
- FAA Cuts Newark Flights After Air Traffic Control Issues
- Radio Calls for Help Sent 45 Seconds Before Mexican Ship Hit Brooklyn Bridge
- Judge Rejects Vanguard $40 Million Mutual Fund Settlement, Cites SEC Accord
- DoorDash Expands Driver Savings Pilot Program to Maryland
- Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
- Maryland Officials Say Autopsies Misclassified Deaths in Police Custody
Midwest News
- Shortage of Overnight Truck Parking Blamed for 2023 Fatal Bus Crash in Illinois
- First MainStreet Adds 2 Midwest Agencies
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Train Strikes Family on Ohio Railroad Bridge, Killing 3
- Iowa-Based Ice Cream Manufacturer Issues Recall Over Plastic Concerns
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
AccuWeather's preliminary estimate is $9-$11 billion in total damages and economic loss.
Texas / South Central News
- Austin Bar to Pay $42K Over Pregnancy Discrimination Lawsuit
- People Moves: CIS Promotes Gardea, Jr., Adds Felder to Leadership Team
- Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Fire Destroys Mansion on a Former Louisiana Sugar Plantation
- Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware
Southeast News
- Amazon’s Zoox Expands Robotaxi Trials to Rival Turf in Atlanta
- New Salmonella Outbreak Tied to Same Florida Grower With Cucumbers Last Year
- World Insurance Adds Two Agencies in South Carolina
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
M&S is facing a £300 million ($403 million) hit to operating profit.
West News
- State Farm Still Wants a 30% Rate Increase in California
- Alphabet’s Waymo Gets California Nod for Robotaxi Expansion in Bay Area
- Senate Will Try to Block California Vehicle Standards to Phase Out Gas-Powered Cars
- Idaho Police Release Names of 6 Killed in Yellowstone Tour Crash Amid Investigation
- People Moves: O’Day Named Acting Director of Oregon DCBS, Keen as Acting Insurance Commissioner
- Judge Scraps LA Sparks Player’s WNBA Suit; Can Pursue Claim Against Las Vegas Aces
International & Reinsurance News
- Marks & Spencer Says Cyberattack to Cost £300 Million
- EU to Propose Removing Business Barriers to Enhance Competitiveness Amid US Tariffs
- Chevron Says One Missing After Fire at Angola Offshore Oil Platform With 17 Injured
- Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks
- Global Forest Loss Tops Record as Wildfires Drive Destruction
- EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears
Insurance Journal Blogs and Columns
- Could Your Tech Stack Use a Spring Cleaning? How to Reduce Insurance IT Complexity with APIs
- Staged Auto Accidents: A Costly and Dangerous Threat for Fleets
- Conflagration’s role in the wildfire equation
- Tired of Waiting on Tickets? There’s a Better Way.
- Is Your Distribution Network Built to Scale?
- Insurance + APIs: How Superior Data Is Key to Distribution Channel Management
Quote of Note
"The legal battle over who will ultimately share in paying for losses associated with the pandemic is far from over."
More Quotes A.M. Best in Commercial Lines Outlook 2021
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Palomar Holdings, Inc. | PLMR | $161.54 | +1.54% |
| Kingsway Financial Services Inc. | KFS | $11.34 | +0.98% |
| Universal Insurance Holdings, Inc. | UVE | $26.54 | -0.08% |
| ProAssurance Corporation | PRA | $23.16 | -0.17% |
| W. R. Berkley Corporation | WRB | $73.20 | -0.48% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $125.91 | -8.60% |
| Lemonade, Inc. | LMND | $29.09 | -8.44% |
| Heritage Insurance Holdings, Inc. | HRTG | $23.39 | -5.46% |
| Erie Indemnity Company | ERIE | $353.99 | -4.05% |
| Assurant, Inc. | AIZ | $192.63 | -4.00% |