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.
- Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts
- Hellman & Friedman’s Hub International Seeks $3 Billion in IPO
- New Jersey Busts Alleged $8 Million Auto Theft Operation Involving 63 People
- Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit
- Microsoft Joins AI-Driven Tech Layoff Wave With 4,800 Job Cuts
- Former Auto-Owners Claims Manager in NC Charged With Fraud in His Own Claim
- Massachusetts High Court: Regulator Must Explain 14.6% Workers’ Comp Rate Cut
- 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
- Supreme Court to Weigh If States’ Assault Weapons Bans Violate Second Amendment
- New Jersey Busts Alleged $8 Million Auto Theft Operation Involving 63 People
- Faster, Fiercer Wildfires Are Testing Evacuation Plans
- 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
- California Bans ‘Sell By’ Food Labels to Cut Food Waste
- DUAL North America Launches California Homeowners Product
- 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
- Tiger’s Hospital Records to be Handed Over to Prosecutors in DUI Case
- Murdaugh’s Saga Continues With New Trial Date Set for April 5
- 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
- AM Best Revises Outlook to Positive for Louisiana Workers’ Compensation Corporation
- Oklahoma-Based Homebuilder Sued for Pregnancy Discrimination
- 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
- People Moves: Alliant Hires Sorensen as EVP in Mergers & Acquisitions
National News
- 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
- Trump Ramps Up War on Regulations With 702 Cuts in Pipeline
- Register: Risky Future AI Tools for Underwriting ‘Demo Day’ on July 8
- Hellman & Friedman’s Hub International Seeks $3 Billion in IPO
- Viewpoint: Methuselah Mutuals
East News
- Massachusetts High Court: Regulator Must Explain 14.6% Workers’ Comp Rate Cut
- 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
- Supreme Court to Weigh If States’ Assault Weapons Bans Violate Second Amendment
- New Jersey Busts Alleged $8 Million Auto Theft Operation Involving 63 People
Midwest News
- 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
- People Moves: Alliant Hires Sorensen as EVP in Mergers & Acquisitions
The legislation extends the terrorism insurance backstop until through 2034.
Texas / South Central News
- 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
- AM Best Revises Outlook to Positive for Louisiana Workers’ Compensation Corporation
- Oklahoma-Based Homebuilder Sued for Pregnancy Discrimination
Southeast News
- 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
- Tiger’s Hospital Records to be Handed Over to Prosecutors in DUI Case
- Murdaugh’s Saga Continues With New Trial Date Set for April 5
The world must urgently develop guardrails to contain the threat posed by AI, she said.
West News
- 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
- California Bans ‘Sell By’ Food Labels to Cut Food Waste
International & Reinsurance News
- Update: 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
- Flood Risk Doesn’t Matter as Bargain Houses Tempt NZ Buyers
- ANV Completes Acquisition of London-Based Iris Insurance Brokers
- Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts
- Allstate’s SquareTrade Europe Launches Licensed Insurer Headquartered in Brussels
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
"The widening global protection gap is a huge opportunity for insurers to fulfill their mandate as risk absorbers and improve societal resilience. In times of crisis, households need risk protection. Insurance is a key tool to help households reduce their financial vulnerability in disruptive environments."
More Quotes Jerome Jean Haegeli, group chief economist, Swiss Re
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Lemonade, Inc. | LMND | $78.70 | +10.04% |
| Root, Inc. | ROOT | $63.99 | +3.66% |
| American International Group, Inc. | AIG | $80.75 | +1.71% |
| Palomar Holdings, Inc. | PLMR | $142.13 | +1.52% |
| Heritage Insurance Holdings, Inc. | HRTG | $27.43 | +1.14% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $4.83 | -5.70% |
| Hippo Holdings Inc. | HIPO | $28.08 | -2.94% |
| American Integrity Insurance Group, Inc. | AII | $18.73 | -2.80% |
| TWFG, Inc. | TWFG | $25.13 | -2.60% |
| Brown & Brown, Inc. | BRO | $68.43 | -2.24% |