The Category 2 hurricane will likely be an earnings event for insurers, added AM Best.
Insurers are withdrawing coverage and passing losses to governments.
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
- How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage
- Diageo’s Toxic Spill Hits a Pristine River in Scottish Whisky Country
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- Europe’s Insurers Cut Coverage of Weather Losses, Report Says
- Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
- Massachusetts Adopts Stronger Nursing Home Regulations
- Former Portfolio Manager Sues Fidelity After Leaving for Michael Dell’s Family Office
- Two Contractors and a Restaurateur Arrested on Workers’ Compensation Violations
- 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
- Washington Commissioner Fines Insurers, Producers $495,200
- ‘Weather Whiplash’ Bringing Back Rain and Snow to California
- California Adds Voluntary Review Before Insurers File Rate Applications
- Compass Files Suit Over California Home Listing Service Rules
- California Hybrid Market Share Hits Record as EV Registrations Decline
- Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
- Florida OIR Marks End to American Mobile, Which Briefly Served Stressed MH Market
- Isaias: 47,000 Claims and $582M in Losses in Florida So Far, OIR Reports
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- Fisherman Killed by 12-Foot Alligator at Central Florida Lake
- 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
- A Repair Estimate Is Not Necessarily a Notice of Bad Faith in Louisiana
- Service Member Dies After Rappelling Fall at College Football Game
- 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
- BNSF Railway Sued for Firing Employee Because of Their Disability
- Amazon and AEP Explore 960-Megawatt Nuclear Project in Indiana
- 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
National News
- WR Berkley Reports Q3 Net Income Decrease, Operating Income Up
- Supreme Court to Weigh Case Over Race and School Admissions
- Industry Panel Highlights Challenges in Selling Cyber Insurance to SMEs
- How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites
- Report: Auto Insurance Total Loss Frequency Climbs, More Drivers Pay Repairs
- Supreme Court Rejects Google Challenge to US Patent Agency Review Policy
East News
- Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
- Massachusetts Adopts Stronger Nursing Home Regulations
- Former Portfolio Manager Sues Fidelity After Leaving for Michael Dell’s Family Office
- Two Contractors and a Restaurateur Arrested on Workers’ Compensation Violations
- 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
Midwest News
- BNSF Railway Sued for Firing Employee Because of Their Disability
- Amazon and AEP Explore 960-Megawatt Nuclear Project in Indiana
- 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
Because smoke claims are typically high after wildfires, the new law will add to the already considerable workload.
Texas / South Central News
- A Repair Estimate Is Not Necessarily a Notice of Bad Faith in Louisiana
- Service Member Dies After Rappelling Fall at College Football Game
- 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
Southeast News
- Florida OIR Marks End to American Mobile, Which Briefly Served Stressed MH Market
- Isaias: 47,000 Claims and $582M in Losses in Florida So Far, OIR Reports
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- Fisherman Killed by 12-Foot Alligator at Central Florida Lake
- 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
ASOS said an “unauthorized party” impersonated a trusted contact.
West News
- Washington Commissioner Fines Insurers, Producers $495,200
- ‘Weather Whiplash’ Bringing Back Rain and Snow to California
- California Adds Voluntary Review Before Insurers File Rate Applications
- Compass Files Suit Over California Home Listing Service Rules
- California Hybrid Market Share Hits Record as EV Registrations Decline
- Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
International & Reinsurance News
- French Violence Raises Alert as Protests Flare Across Europe
- Diageo’s Toxic Spill Hits a Pristine River in Scottish Whisky Country
- 3M to Argue Australia’s $1.4B ‘Forever Chemicals’ Lawsuit Legally Flawed, Court Hears
- The Crypto Devices Built to Foil Hackers Came With Spies Inside
- Severe Drought Hits Parts of England for First Time Since 1995
- As French Supermarkets Try to Restock, They Are Told Cyberattack May Be Ongoing
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
- AAI Launches Agency Gauge, Bringing AI-Powered Guidance to Industry-Leading Agency Analytics Platform
- XS Brokers Names Industry Veteran John J. Head Managing Partner – Growth & Strategy; Appoints Bryan Sanders as Strategic Advisor to Board of Directors
Quote of Note
"Certainly, claims — with all of their moving parts in all of the lines of business — still present compliance challenges."
More Quotes Kathy Donovan, lead researcher for Wolters Kluwer, on P/C insurers' top market conducts mistakes.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingstone Companies, Inc. | KINS | $19.41 | +3.85% |
| Root, Inc. | ROOT | $52.32 | +3.67% |
| Orion180 Insurance Group Inc. | OIG | $9.84 | +2.71% |
| American Integrity Insurance Group, Inc. | AII | $27.98 | +1.75% |
| Hagerty, Inc. | HGTY | $15.56 | +1.70% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $7.57 | -4.30% |
| Global Indemnity Group, LLC | GBLI | $23.28 | -4.00% |
| Lemonade, Inc. | LMND | $43.15 | -2.38% |
| Trupanion, Inc. | TRUP | $27.50 | -2.20% |
| Goosehead Insurance, Inc. | GSHD | $45.54 | -1.85% |