The Category 2 hurricane will likely be an earnings event for insurers, added AM Best.
The average premium now exceeds the average tax bill in two-thirds of US counties.
- Borr Drilling Rig Sinks Off Gabon With One Person Dead and Four Missing
- Chubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability
- Court Rejects Exxon Appeal of $815M Award to Mechanic Over Benzene Exposure
- Hacking Attempts Surge as Companies, Governments Rush to Patch PHP Flaws
- PG&E Weighs Gas Business Separation Over California Fire Rules
- Florida Reforms Cut Property Premiums but Data Show Multifamily Liability Rates Up
- Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously?
- New York Archdiocese and Survivors of Clergy Abuse Reach $800 Million Settlement
- People Moves: Velocity CEO Rothfuss to Join Selective Insurance
- Court Rejects Exxon Appeal of $815M Award to Mechanic Over Benzene Exposure
- CopperPoint Completes Acquisition of Surety Specialist GIG and Tech Platforms
- Pennsylvania’s Commonwealth University Adds Risk Management/Insurance Program
- Nearly $1 Million in Trading Cards Stolen From Fedex Truck in California
- California Launches Nature, Biodiversity and Insurance Commission
- IIHS: Utah’s Strict Alcohol Limit Linked to Lasting Drop in Crashes
- PG&E Weighs Gas Business Separation Over California Fire Rules
- New Mexico’s Outside Lawyers Could Collect up to $1.27B in Meta Case
- Phoenix Hit by Hail and Strong Winds, Damaging Vehicles Across Valley
- Florida’s 2021 Presuit Notice Law is Not Retroactive, State Supreme Court Says
- Florida Reforms Cut Property Premiums but Data Show Multifamily Liability Rates Up
- South Florida Facing Higher King Tide Floods, Worsened by Winds and Rain
- VW Plans New $4B Audi Plant in Georgia
- Insurer Doesn’t Get a Mulligan in $12M Georgia Solar Farm Claim, Appeals Court Says
- Fire Destroys Much of Mississippi Senior Living Center
- World Acquires Texas’ Zoom Insurance
- Texas Hill Country Floods Inspire New Law for Emergency Weather Alerts
- Oklahoma Landlord to Pay $52K for Violating Fair Housing Act
- TCEQ Shuts Down Online Permit Filing System After Data Center Controversy
- FEMA Won’t Help Texas After July 2026 Floods
- Texas Camp Hit by Floods Must Have New Manager, Judge Says
- Ohio Judge Blocks Lawmakers From Killing Clean Air Law
- Michigan, Ohio Gas Prices Spike Further Amid Refinery Breakdown
- AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members
- Illinois Company Faces $380K Fine for Exposing Employees to Unprotected Trench
- Delivery Robots Accused of Sharing Biometric Data Without Consent
- Truck Overturns in Kansas City, Spilling Cattle Onto Streets
National News
- Ransomware Attacks Rise 50% in Q3, Says NordLayer
- FTC, States Sue Dollar General Over Deceptive-Pricing Claims
- Anthropic Filing Reveals Concerns Over Data Center Pushback
- Register: Risky Future AI Tools for Fraud Detection & Compliance ‘Demo Day’ on October 28
- Senator Grassley Adds to Fight for Federal TPLF Disclosure
- Hacking Attempts Surge as Companies, Governments Rush to Patch PHP Flaws
- Safety Company Acknowledges Hack 7 Months After Breach
- Data Centers Face Downgrade Risk Amid Local Pushback, S&P Says
East News
- Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously?
- New York Archdiocese and Survivors of Clergy Abuse Reach $800 Million Settlement
- People Moves: Velocity CEO Rothfuss to Join Selective Insurance
- Court Rejects Exxon Appeal of $815M Award to Mechanic Over Benzene Exposure
- CopperPoint Completes Acquisition of Surety Specialist GIG and Tech Platforms
- Pennsylvania’s Commonwealth University Adds Risk Management/Insurance Program
Midwest News
- Ohio Judge Blocks Lawmakers From Killing Clean Air Law
- Michigan, Ohio Gas Prices Spike Further Amid Refinery Breakdown
- AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members
- Illinois Company Faces $380K Fine for Exposing Employees to Unprotected Trench
- Delivery Robots Accused of Sharing Biometric Data Without Consent
- Truck Overturns in Kansas City, Spilling Cattle Onto Streets
Because smoke claims are typically high after wildfires, the new law will add to the already considerable workload.
Texas / South Central News
- World Acquires Texas’ Zoom Insurance
- Texas Hill Country Floods Inspire New Law for Emergency Weather Alerts
- Oklahoma Landlord to Pay $52K for Violating Fair Housing Act
- TCEQ Shuts Down Online Permit Filing System After Data Center Controversy
- FEMA Won’t Help Texas After July 2026 Floods
- Texas Camp Hit by Floods Must Have New Manager, Judge Says
Southeast News
- Florida’s 2021 Presuit Notice Law is Not Retroactive, State Supreme Court Says
- Florida Reforms Cut Property Premiums but Data Show Multifamily Liability Rates Up
- South Florida Facing Higher King Tide Floods, Worsened by Winds and Rain
- VW Plans New $4B Audi Plant in Georgia
- Insurer Doesn’t Get a Mulligan in $12M Georgia Solar Farm Claim, Appeals Court Says
- Fire Destroys Much of Mississippi Senior Living Center
Damage in France from recent street riots will reveal the extent of insurance coverage.
West News
- Nearly $1 Million in Trading Cards Stolen From Fedex Truck in California
- California Launches Nature, Biodiversity and Insurance Commission
- IIHS: Utah’s Strict Alcohol Limit Linked to Lasting Drop in Crashes
- PG&E Weighs Gas Business Separation Over California Fire Rules
- New Mexico’s Outside Lawyers Could Collect up to $1.27B in Meta Case
- Phoenix Hit by Hail and Strong Winds, Damaging Vehicles Across Valley
International & Reinsurance News
- Generali to Cut 9% of Workforce in Germany, Streamline Structure
- UAE Shuts More Beaches as It Deals with Oil Spill in Gulf
- Japanese Companies Compensate Users as Cyberattacks Buffet Economy
- Borr Drilling Rig Sinks Off Gabon With One Person Dead and Four Missing
- EU Wants Countries to Draw Up Plans to Deal With Warming of 3C
- Starr Launches Italy Office, Appointing Arrigoni as Branch Manager
Insurance Journal Blogs and Columns
- Why the Operation That Worked at $50M Breaks at $150M
- Evaluating Commercial Replacement Cost Estimates: Beyond the Numbers Part 2
- The Last Manual Frontier: Why Claims Automation Stalls at the Supplement
- 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
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 |
|---|---|---|---|
| TWFG, Inc. | TWFG | $29.03 | +2.62% |
| American Integrity Insurance Group, Inc. | AII | $29.52 | +2.39% |
| Hagerty, Inc. | HGTY | $15.95 | +2.37% |
| Selective Insurance Group, Inc. | SIGI | $98.79 | +2.26% |
| Orion180 Insurance Group Inc. | OIG | $9.14 | +2.24% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Brown & Brown, Inc. | BRO | $71.08 | -2.59% |
| Universal Insurance Holdings, Inc. | UVE | $47.87 | -1.99% |
| Root, Inc. | ROOT | $51.83 | -1.99% |
| Marsh & McLennan Companies, Inc. | MRSH | $194.72 | -1.40% |
| Old Republic International Corporation | ORI | $38.43 | -1.23% |