Moody's said there is a widening gap between flood risk and homes with insurance.
USI sued a former employee alleged to have poached customers for his new agency.
- USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency
- After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI
- Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI
- Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve
- Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event
- Insurance Mogul Lindberg Gets 12 Years for $2 Billion Fraud
- NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget
- Court Overturns Mass.-Based Insulet’s $59M Trade Secret Verdict
- Lawyer Who Filed Viral Suit Against JPMorgan Seeks to Exit Case
- USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency
- Initial Report Finds Fatal Fire, Explosion at Maine Lumber Mill Was Accidental
- Uber, Lyft Drivers in Massachusetts Form First US Ride-Share Union
- Insurance Attorneys Flip $1M Hail Claim Into $2M Suit for Contractor Interference
- Emergency Reserve Oil Heads to California for First Time
- West Coast Chemical Emergencies Raise Questions About Safety
- Fatalities Reported in Washington State Packaging Facility Explosion
- California Officials Lift Evacuation Orders for Residents Near Damaged Chemical Tank
- Crest Insurance Group Names Hart Vice President, Employee Benefits
- Florida Bill, Waiting on Governor, Asks E-Bikers to Slow Down if Pedestrians Near
- DeSantis Proposes Axing Property Taxes on Primary Homes in Florida
- Business Moves: World Insurance Expands Florida Business With Lock Insurance
- Insurance Mogul Lindberg Gets 12 Years for $2 Billion Fraud
- Supreme Court Tosses Florida Suit Over Immigrant Drivers’ Licenses
- Insurers Settle in Wrongful Conviction Case, Can’t Yet Escape Sex Trafficking Coverage
- Texas Board Faults Camp Mystic Leader for Inaction During Deadly Flood
- WhatsApp, Meta Can Access Texans’ Private Messages, Lawsuit Claims
- 4 Arrested in Louisiana Insurance Fraud Scheme
- EEOC Sues Buc-ee’s for Alleged Disability Discrimination at Texas Store
- Texas Sues Discord Over Alleged Child Predator Exposure
- Inszone Acquires Texas’ Taylor Insurance Agency
- Michigan House Explosion Leaves 1 Dead
- Shepherd Insurance Acquires Pair of Indiana Agencies
- Woman Fired by Indiana College Over Charlie Kirk Post to Receive $225K Settlement
- Northwestern Medicine Agrees to Pay $325K in Religious Discrimination Case
- World Acquires Kansas’ Agency West
- Inszone Acquires Michigan’s Legacy Partners
National News
- Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event
- Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve
- CNN Files Lawsuit Against Perplexity Alleging Unlawful Content Distribution
- NTSB Wants FAA to Revise Runway Safety Assessments During Heavy Rainfall
- Volvo Cars Wins Approval to Import Vehicles With ‘Connected Car’ Technology
- Markets/Coverages: E&S Property MGA Luminor Risk Launches
- Cruise Operator Carnival Discloses Personal Data Breach
- Saving Supply Chains From Climate Shocks Is a Lure for Investors
East News
- NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget
- Court Overturns Mass.-Based Insulet’s $59M Trade Secret Verdict
- Lawyer Who Filed Viral Suit Against JPMorgan Seeks to Exit Case
- USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency
- Initial Report Finds Fatal Fire, Explosion at Maine Lumber Mill Was Accidental
- Uber, Lyft Drivers in Massachusetts Form First US Ride-Share Union
Midwest News
- Michigan House Explosion Leaves 1 Dead
- Shepherd Insurance Acquires Pair of Indiana Agencies
- Woman Fired by Indiana College Over Charlie Kirk Post to Receive $225K Settlement
- Northwestern Medicine Agrees to Pay $325K in Religious Discrimination Case
- World Acquires Kansas’ Agency West
- Inszone Acquires Michigan’s Legacy Partners
Schools claim addiction to social media platforms disrupted learning and forced them to spend on a mental health crisis.
Texas / South Central News
- Texas Board Faults Camp Mystic Leader for Inaction During Deadly Flood
- WhatsApp, Meta Can Access Texans’ Private Messages, Lawsuit Claims
- 4 Arrested in Louisiana Insurance Fraud Scheme
- EEOC Sues Buc-ee’s for Alleged Disability Discrimination at Texas Store
- Texas Sues Discord Over Alleged Child Predator Exposure
- Inszone Acquires Texas’ Taylor Insurance Agency
Southeast News
- Florida Bill, Waiting on Governor, Asks E-Bikers to Slow Down if Pedestrians Near
- DeSantis Proposes Axing Property Taxes on Primary Homes in Florida
- Business Moves: World Insurance Expands Florida Business With Lock Insurance
- Insurance Mogul Lindberg Gets 12 Years for $2 Billion Fraud
- Supreme Court Tosses Florida Suit Over Immigrant Drivers’ Licenses
- Insurers Settle in Wrongful Conviction Case, Can’t Yet Escape Sex Trafficking Coverage
The technology may be maturing faster than the operating models around it, said AM Best.
West News
- Insurance Attorneys Flip $1M Hail Claim Into $2M Suit for Contractor Interference
- Emergency Reserve Oil Heads to California for First Time
- West Coast Chemical Emergencies Raise Questions About Safety
- Fatalities Reported in Washington State Packaging Facility Explosion
- California Officials Lift Evacuation Orders for Residents Near Damaged Chemical Tank
- Crest Insurance Group Names Hart Vice President, Employee Benefits
International & Reinsurance News
- Merchant Ships Desert Strait of Hormuz Amid Renewed US Strikes
- Iran and US Trade Air Strikes After Trump Dismisses Report of Hormuz Deal
- Australia Sues 3M for $1.4 Billion Over PFAS ‘Forever Chemicals’ Contamination
- Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve
- Convex Receives Approval From Lloyd’s to Launch Long-Tail Specialty Syndicate
- Panama Passes Law Imposing Stricter Requirements on Multinational Firms
- Germans Switch to EVs at Record Pace Thanks to Government Bonus
Insurance Journal Blogs and Columns
- Renewals Don’t Have to Be a Fire Drill
- Cut Manual Work: Insurance Operations Automation with EZLynx
- Securing Favorable Terms on Unbundled Business Auto Coverage
- Cotality’s Focus on Interoperability: Producing End-to-End Trust for Insurance and Restoration
- How AI Is Reshaping the Independent Insurance Agency
- The Hidden Insurance Risks of Ultra-Processed Foods
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 |
|---|---|---|---|
| Ryan Specialty Holdings, Inc. | RYAN | $32.71 | +1.18% |
| James River Group Holdings, Inc. | JRVR | $3.99 | +0.50% |
| NI Holdings, Inc. | NODK | $14.04 | +0.50% |
| Slide Insurance Holdings, Inc. | SLDE | $18.69 | +0.43% |
| American Integrity Insurance Group, Inc. | AII | $16.70 | +0.30% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Root, Inc. | ROOT | $54.15 | -7.15% |
| Goosehead Insurance, Inc. | GSHD | $37.68 | -5.80% |
| United Fire Group, Inc. | UFCS | $45.04 | -4.60% |
| Palomar Holdings, Inc. | PLMR | $109.45 | -4.42% |
| Skyward Specialty Insurance Group, Inc. | SKWD | $45.79 | -3.86% |