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Red Sea War Insurance Costs Rise After Houthi Blockade, Sources Say
Jul 21 2026 // The insurance cost of shipping goods through the Red Sea rose on Monday after Yemen’s Iran-aligned Houthis said they were imposing a naval blockade on Saudi Arabia, escalating risks for merchant shipping, insurance...
Texas Floods Kill Two, More Storms Forecast for Overnight
Jul 17 2026 // Mandatory evacuations across the Texas Hill Country are underway as life-threatening flash floods wreck bridges and roads with more heavy rain expected overnight. A wide swath of Texas is forecast to receive as much as...
AM Best Shifts Outlooks to Negative for Safety Insurance
Jul 16 2026 // AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (ICR) of “a” (Excellent) for Massachusetts-based...
Progressive Q2 2026 Net Income Up 4%
Jul 16 2026 // Second quarter 2026 net income at Progressive Corp. increased 4% compared to the same period a year ago to about $3.3 billion. Progressive reports results monthly. Net income for June was down 31% to about $779...
Markets/Coverages: Lemonade Enters Maine and Vermont Renters Insurance Markets
Jul 15 2026 // Digital insurer Lemonade has expanded availability of its renters insurance into Vermont and Maine. They become the 43rd and 44th states where Lemonade offers renters insurance. Lemonade lets renters use an app to obtain...
Enterprise Risk Associates Buys up Florida-Based Insurance Solutions of America
Jul 14 2026 // Enterprise Risk Associates, the New York-based insurance brokerage that has focused on expansion through agency acquisitions, said it has acquired Insurance Solutions of America, headquartered in Oviedo, Florida. ISOA was...
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