Moody's said there is a widening gap between flood risk and homes with insurance.
Cost savings are broadly falling short of projections, said a survey by Bain & Co.
- AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says
- AIG’s Turnaround Under Zaffino Sets Stage for New Leadership
- Viewpoint: How Climate Change Is Creating Uninsurable Areas Across Europe
- Insurance Platform Corgi Valued at $2.6B in Funding Round
- Roof Costs Soar Even as Claims Decline: Verisk
- M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring
- Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims
- New Hampshire Sends Message to Drivers Using Hand-Held Electronic Devices
- Bus Hits Cars in Virginia, Killing 5 Massachusetts People and Injuring 34
- Trump Files Fresh $10 Billion Suit Over WSJ’s Epstein Story
- Massachusetts Man Hid Payroll to Skirt Taxes, Lower Workers’ Compensation Costs
- People Moves: Davis & Towle Names Kneeland, Promotes Cole in Commercial Lines
- Report Calls for Transparency, Modernization of Washington Fire Scoring Bureau
- Southern California Property Fight That Hit Several Banks Spurs $1.34B Award
- Insurance Platform Corgi Valued at $2.6B in Funding Round
- California Overhauls Carbon Market Over Affordability Concerns
- San Francisco Rents Spike 22% in a Year, Far Outpacing Other US Cities
- Number of Deaths Rises in Washington Paper Mill Explosion
- Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings
- People Moves at Alfa, Alliant in the Southeast
- Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards
- Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration
- Kentucky Food-Color Plant Was ‘Catastrophe Waiting to Happen,’ CSB Says
- Florida Comp Costs Are on the Rise. End to Physician Dispensing May Help
- Dallas Firefighters Were Responding to Gas Leak Before Deadly Apartment Blast
- Corpus Christi Considers Building Desalination Plant
- Corpus Christi Focuses on Delaying Looming Water Crisis
- Tesla Reveals Its Texas Robotaxi Fleet Is Dwarfed by Waymo’s
- Texas Board Faults Camp Mystic Leader for Inaction During Deadly Flood
- WhatsApp, Meta Can Access Texans’ Private Messages, Lawsuit Claims
- People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors
- Illinois Night Club to Pay $200K in Sex and Race Discrimination Case
- Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
- Pollution and Forever Chemicals Threaten Health of Michigan’s Rivers
- Ohio to Halt Data Center Tax Credits as Opposition Grows
- Michigan House Explosion Leaves 1 Dead
National News
- Warmer World Means Bigger Hail and More Damage, Study Finds
- M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring
- Judge Blocks Trump Administration From Breaking Up Climate Research Center
- Verizon DBIR Says Software Vulnerabilities Aren’t Being Patched Quick Enough
- AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says
- AIG’s Turnaround Under Zaffino Sets Stage for New Leadership
- Activist Toms Capital Ramps Up Campaign at Voya Financial
East News
- GE Vernova Must Continue Vineyard Wind Work While Payment Issues Play Out
- Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims
- New Hampshire Sends Message to Drivers Using Hand-Held Electronic Devices
- Bus Hits Cars in Virginia, Killing 5 Massachusetts People and Injuring 34
- Trump Files Fresh $10 Billion Suit Over WSJ’s Epstein Story
- Massachusetts Man Hid Payroll to Skirt Taxes, Lower Workers’ Compensation Costs
Midwest News
- People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors
- Illinois Night Club to Pay $200K in Sex and Race Discrimination Case
- Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
- Pollution and Forever Chemicals Threaten Health of Michigan’s Rivers
- Ohio to Halt Data Center Tax Credits as Opposition Grows
- Michigan House Explosion Leaves 1 Dead
Schools claim addiction to social media platforms disrupted learning and forced them to spend on a mental health crisis.
Texas / South Central News
- Dallas Firefighters Were Responding to Gas Leak Before Deadly Apartment Blast
- Corpus Christi Considers Building Desalination Plant
- Corpus Christi Focuses on Delaying Looming Water Crisis
- Tesla Reveals Its Texas Robotaxi Fleet Is Dwarfed by Waymo’s
- Texas Board Faults Camp Mystic Leader for Inaction During Deadly Flood
- WhatsApp, Meta Can Access Texans’ Private Messages, Lawsuit Claims
Southeast News
- Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings
- People Moves at Alfa, Alliant in the Southeast
- Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards
- Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration
- Kentucky Food-Color Plant Was ‘Catastrophe Waiting to Happen,’ CSB Says
- Florida Comp Costs Are on the Rise. End to Physician Dispensing May Help
The technology may be maturing faster than the operating models around it, said AM Best.
West News
- Report Calls for Transparency, Modernization of Washington Fire Scoring Bureau
- Southern California Property Fight That Hit Several Banks Spurs $1.34B Award
- Insurance Platform Corgi Valued at $2.6B in Funding Round
- California Overhauls Carbon Market Over Affordability Concerns
- San Francisco Rents Spike 22% in a Year, Far Outpacing Other US Cities
- Number of Deaths Rises in Washington Paper Mill Explosion
International & Reinsurance News
- Still Too Risky to Move Seafarers out of Gulf, U.N. Agency Boss Says
- Ship Operators Urge Clear Rules to Return Hormuz to Normal
- Viewpoint: How Climate Change Is Creating Uninsurable Areas Across Europe
- Israel Expands Lebanon Assault With Iran-US Talks in Balance
- EU May Keep Russian Oil Price Cap Unchanged at $44 Per Barrel to Pressure Moscow
- Wildfire Season Returns to Canada’s Oil Sands
- Markets/Coverages: Navium, Overhaul Form Consortium to Cover AI Data Server Cargo
- People Moves: Beazley Names Wunderlich Head of Alternative Risk Transfer in New Bermuda Office; Santam Syndicate 1918 Taps MS Amlin’s Geddes as CEO
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
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"We may intervene and take further actions where firms do not appear to be meeting our expectations and treating their customers fairly."
More Quotes Financial Conduct Authority (FCA), which has taken eight insurers to court over business interruption policy wordings.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Presurance Holdings, Inc. | PRHI | $5.13 | +24.13% |
| Root, Inc. | ROOT | $57.42 | +10.30% |
| Goosehead Insurance, Inc. | GSHD | $36.65 | +6.57% |
| Reliance Global Group, Inc. | EZRA | $4.11 | +4.58% |
| Ryan Specialty Holdings, Inc. | RYAN | $33.11 | +3.96% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Neptune Insurance Holdings Inc. | NP | $26.25 | -6.48% |
| Bowhead Specialty Holdings Inc. | BOW | $25.95 | -2.52% |
| Universal Insurance Holdings, Inc. | UVE | $36.24 | -2.11% |
| HCI Group, Inc. | HCI | $151.19 | -1.87% |
| Enact Holdings, Inc. | ACT | $41.09 | -1.68% |