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.
- Hack of Contractor Was at Root of Massive Federal Data Breach
- Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B
- Former Progressive CEO Renwick, 69, Dies
- State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing
- Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
- Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk
- Fire Damages Popular ‘Pond-to-Table’ Rhode Island Restaurant
- 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
- California Security Company Owner Sentenced in $3.4M Workers’ Comp Fraud Case
- People Moves: Golden Bear Names Hohman Chief Underwriting Officer
- Washington Insurance Commissioner Issues $500K in Fines; $250K Fine for Unlicensed Insurer
- 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
- While FEMA Faces Overhaul, Mississippi Tornado Survivors Wait for Assistance
- Lawsuit Says Florida Aviation Firm Didn’t Verify Inspections of Troubled Learjet
- 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
- 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
- Budget Cuts at EPA Become Flashpoint at a Heated Hearing
- AI Regulation Ban Meets Opposition From State Attorneys General
- Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk
- Air Traffic Control System Failing Americans, Airline CEOs Say
- Hack of Contractor Was at Root of Massive Federal Data Breach
- Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
- Former Progressive CEO Renwick, 69, Dies
- Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
- People Moves: World Insurance Associates Names Youshock Head of Personal Lines; Belair Appointed President of Technology at Intact Insurance Specialty Solutions
East News
- Bankruptcy Judge Approves Norwich Diocese Plan With $31 Million Fund for Abuse Survivors
- Fire Damages Popular ‘Pond-to-Table’ Rhode Island Restaurant
- 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
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
- While FEMA Faces Overhaul, Mississippi Tornado Survivors Wait for Assistance
- Lawsuit Says Florida Aviation Firm Didn’t Verify Inspections of Troubled Learjet
- 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
M&S is facing a £300 million ($403 million) hit to operating profit.
West News
- California Security Company Owner Sentenced in $3.4M Workers’ Comp Fraud Case
- People Moves: Golden Bear Names Hohman Chief Underwriting Officer
- Washington Insurance Commissioner Issues $500K in Fines; $250K Fine for Unlicensed Insurer
- 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
International & Reinsurance News
- Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B
- Kremlin Vows to Defend Its Ships in the Baltic by All Legal Ways
- Thames Water Tops List of Firms Facing Criminal Probes Over Pollution
- Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal
- 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
- Global Forest Loss Tops Record as Wildfires Drive Destruction
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
"Stay home. ... Just stay home. That will help you and help us. Do not try to drive through this high water."
More Quotes Houston Mayor Sylvester Turner
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% |