The Category 2 hurricane will likely be an earnings event for insurers, added AM Best.
Insurers are withdrawing coverage and passing losses to governments.
- Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- Chubb Revamps Claims with 3 Leadership Promotions
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
- NYC Comptroller Levine Urges Anthropic to Pause US IPO
- People Moves: OneShield Appoints Brown as Chief Insurance Officer
- Delaware Jury Awards Qualcomm Just $2 in Damages for Arm Breach of License Deal
- Cornell Suspends Fraternity Parties, Gives State Police Role in Investigating Assaults
- Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
- Lemonade Launches Renters Insurance in Hawaii
- California Fire Danger Has Utilities Set for Broad Shutoffs
- SageSure One Expanding California Homeowners Coverage
- Napa Wildfire Study Eyes Funding Prevention, Improving Insurance Availability
- Edison Drops on Willful Misconduct Allegations in Eaton Fire Case
- Florida Wins Key Ruling Allowing it to Enforce Law on Social Media Use by Kids
- West Virginia Fire Commission Says State Really Needs More Firefighters
- Roller Coaster Death Puts Spotlight on Safety of Ever-More Thrilling Rides
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit
- Ga. Commissioner’s Office Investigating as Six Flags Closes 10 Rides After Fatality
- Taiwan to Fund $4 Billion Texas Complex for AI, Nvidia Partners
- Texas Crackdown on Data Centers Is Limited
- Higginbotham Transportation Practice Grows Into Full Division
- Porch to Acquire Allied Trust in $200M Deal
- XPT Specialty Launches Texas Homeowners Binding Authority Program
- Oklahoma Home Improvement Company Fined $150K for Sexual Harassment
- NTSB Investigating Plane Crash in Wisconsin That Killed 6
- Ohio AG Sues Home-Improvement Companies for Allegedly Scamming Customers
- Missouri DCI Urges Residents to Consider Earthquake Insurance
- People Moves: Opterrix Promotes Krupar to Chief Commercial Officer
- Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
- Illinois Launches Cover Crop Insurance Savings Program for 2027
National News
- Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
- IMF Chief: AI Risks May Exceed Opportunities Without Safeguards, Ethics Framework
- Anthropic Stands Alone as Rest of IPO Market Slows to a Crawl
- Travelers Reports Solid Underwriting, Record Investment Income for Q3
- Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
- Viewpoint: Model Independence Is the AI Strategy Insurers Can’t Afford to Ignore
- CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
East News
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
- NYC Comptroller Levine Urges Anthropic to Pause US IPO
- People Moves: OneShield Appoints Brown as Chief Insurance Officer
- Delaware Jury Awards Qualcomm Just $2 in Damages for Arm Breach of License Deal
- Cornell Suspends Fraternity Parties, Gives State Police Role in Investigating Assaults
Midwest News
- NTSB Investigating Plane Crash in Wisconsin That Killed 6
- Ohio AG Sues Home-Improvement Companies for Allegedly Scamming Customers
- Missouri DCI Urges Residents to Consider Earthquake Insurance
- People Moves: Opterrix Promotes Krupar to Chief Commercial Officer
- Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
- Illinois Launches Cover Crop Insurance Savings Program for 2027
Because smoke claims are typically high after wildfires, the new law will add to the already considerable workload.
Texas / South Central News
- TDI Unveils Transparency Tool Showing Why Auto Policies are Declined
- Taiwan to Fund $4 Billion Texas Complex for AI, Nvidia Partners
- Texas Crackdown on Data Centers Is Limited
- Higginbotham Transportation Practice Grows Into Full Division
- Porch to Acquire Allied Trust in $200M Deal
- XPT Specialty Launches Texas Homeowners Binding Authority Program
Southeast News
- Florida Wins Key Ruling Allowing it to Enforce Law on Social Media Use by Kids
- West Virginia Fire Commission Says State Really Needs More Firefighters
- Roller Coaster Death Puts Spotlight on Safety of Ever-More Thrilling Rides
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit
- Ga. Commissioner’s Office Investigating as Six Flags Closes 10 Rides After Fatality
ASOS said an “unauthorized party” impersonated a trusted contact.
West News
- Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
- Lemonade Launches Renters Insurance in Hawaii
- California Fire Danger Has Utilities Set for Broad Shutoffs
- SageSure One Expanding California Homeowners Coverage
- Napa Wildfire Study Eyes Funding Prevention, Improving Insurance Availability
- Edison Drops on Willful Misconduct Allegations in Eaton Fire Case
International & Reinsurance News
- As French Supermarkets Try to Restock, They Are Told Cyberattack May Be Ongoing
- Axa Braces for Loss of Paschi Contract as Italy Bank Deals Swirl
- Ukraine Hits Russian Refinery; Zelenskiy Says ‘We’re Done’ with Trump’s Energy Truce
- IMF Chief: AI Risks May Exceed Opportunities Without Safeguards, Ethics Framework
- AI Credit Worries Send Default Insurance to Record High
- Romania Blames Russia for Escalating Black Sea Ship Strikes
- France, Germany Near Deal on Car Emissions, Britain ‘Made in EU’ Status
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
- XS Brokers Names Industry Veteran John J. Head Managing Partner – Growth & Strategy; Appoints Bryan Sanders as Strategic Advisor to Board of Directors
- XPT Specialty Deploys Suite of AI Tools Across Wholesale Operation; Widens Market Access for Retail Agents on SME Accounts
Quote of Note
"Insurance carriers are paying more attention to underwriting and selecting accounts they want to do business with and being very competitive on those."
More Quotes Brian F. Cooper, managing director, National Construction Practice, for Gallagher Construction Services in San Francisco.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Arthur J. Gallagher & Co. | AJG | $250.10 | +5.51% |
| Ryan Specialty Holdings, Inc. | RYAN | $40.04 | +5.37% |
| Brown & Brown, Inc. | BRO | $67.98 | +4.91% |
| Marsh & McLennan Companies, Inc. | MRSH | $186.54 | +4.56% |
| Lemonade, Inc. | LMND | $45.86 | +4.56% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Mercury General Corporation | MCY | $101.79 | -0.59% |
| Loews Corporation | L | $108.79 | -0.28% |
| United Fire Group, Inc. | UFCS | $55.40 | -0.14% |
| Safety Insurance Group, Inc. | SAFT | $104.00 | +0.06% |
| Bowhead Specialty Holdings Inc. | BOW | $34.01 | +0.06% |