In announcing the cuts, Acrisure cited technology advancements and AI.
Flood insurance for millions of homeowners is among the services affected by the shutdown.
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- Workers’ Compensation Continues to Lead P/C Industry With Strong Profits
- Tokio Marine Weighs More Than $10 Billion of International M&A
- Toyota Recalls Nearly 400,000 Vehicles Due to Malfunctioning Rearview Camera
- APCIA Chair Robusto: Industry Must Fight False Narratives, Improve Public Trust
- Florida’s Citizens Is Deferring Flood Coverage Proof While NFIP Is Shut Down
- Ex-Insurance Agent Avoids Prison for Being ‘Model Cooperator’ in Menendez Case
- New York City And Northeast Brace for Flooding Rains From Weekend Storm
- Constellation Energy to Spend $340M to Improve Water Quality at Maryland Dam
- Ben & Jerry’s Co-Founder Expects Conflict to Continue Under New Ownership
- New York City Sues Social Media Firms For Allegedly Addicting Children
- MEMIC Group to Pay $19 Million Dividend to Its Maine Policyholders
- Wyoming Library Director Fired in Book Dispute Wins $700K Settlement
- People Moves: MJ Companies Hires Eckard as Vice President, Employee Benefits Operations
- Report: California Workers’ Comp Written Premium Levels Returned to Stability
- Washington Dairy Worker Pleads Guilty in $122K Workers’ Comp Scam
- Man Charged With ‘Maliciously’ Starting Massive LA Wildfire
- US Sues Southern California Edison Over 2019 Wildfire
- Florida County Hit by 2024 Hurricanes Takes on Beach Restoration Without Fed Help
- NC Woman Faces 170 Felony Charges in Insurance Fraud Involving Stolen GLP-1 Drugs
- Dogs Kill Toddler at Unlicensed Georgia Daycare Center
- Greystar, Other Landlords Agree to $141M Settlement in Rent-Setting Lawsuit
- Kentucky AG Suit Says Roblox Fails to Protect Children on Gaming Platform
- IMA Financial Adds Alabama’s Valent Group to the Team
- Higginbotham Acquires Texas’ Stephens Insurance Services
- Louisiana Police Video Counters Claim that LSU Star was Too Far From Fatal Wreck
- Texas AG Threatens Action Against Chinese Company for Potential Data Privacy Violations
- Rural Texas Residents Struggle with Noise Pollution from Nearby Crypto Facility
- Exxon Delays Planned Plastic Plant on Texas Coast
- DOL Awards $890K to Texas for Disaster Recovery Jobs After July Storms
- Truck Driver Sues Fox NFL Broadcaster Over Fight in Indianapolis
- Recoop Disaster Insurance Names New CEO and CTO
- Argentina Soccer Match Pulled From Chicago Amid Troop Tension
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- Walmart Sued for Disability Discrimination at Wisconsin Location
- EF5 Tornado That killed 3 in North Dakota was Nation’s First in 12 years
National News
- La Niña’s Back, but Will It Amp Up Hurricane Season?
- Ex-Fed Official Sees Secular ‘Shocks’ Ahead From Extreme Weather
- Survey Shows Homeowners Warming to DIY Digital Claims, Insurance Processes
- High Demand for Gen AI Insurance; Buyers Say They’ll Pay More: Report
- People Moves: Boxx Hires Leads for Distribution, Claims and Tech; XPT Specialty Hires Staver, Luceno to Personal Lines Team
- Microsoft Forecasts Show Data Center Crunch Persisting Into 2026
East News
- Ex-Insurance Agent Avoids Prison for Being ‘Model Cooperator’ in Menendez Case
- New York City And Northeast Brace for Flooding Rains From Weekend Storm
- Constellation Energy to Spend $340M to Improve Water Quality at Maryland Dam
- Ben & Jerry’s Co-Founder Expects Conflict to Continue Under New Ownership
- New York City Sues Social Media Firms For Allegedly Addicting Children
- MEMIC Group to Pay $19 Million Dividend to Its Maine Policyholders
Midwest News
- Truck Driver Sues Fox NFL Broadcaster Over Fight in Indianapolis
- Recoop Disaster Insurance Names New CEO and CTO
- Argentina Soccer Match Pulled From Chicago Amid Troop Tension
- Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
- Walmart Sued for Disability Discrimination at Wisconsin Location
- EF5 Tornado That killed 3 in North Dakota was Nation’s First in 12 years
A jury found the company liable to the family of a woman who died from mesothelioma.
Texas / South Central News
- Higginbotham Acquires Texas’ Stephens Insurance Services
- Louisiana Police Video Counters Claim that LSU Star was Too Far From Fatal Wreck
- Texas AG Threatens Action Against Chinese Company for Potential Data Privacy Violations
- Rural Texas Residents Struggle with Noise Pollution from Nearby Crypto Facility
- Exxon Delays Planned Plastic Plant on Texas Coast
- DOL Awards $890K to Texas for Disaster Recovery Jobs After July Storms
Southeast News
- Florida County Hit by 2024 Hurricanes Takes on Beach Restoration Without Fed Help
- NC Woman Faces 170 Felony Charges in Insurance Fraud Involving Stolen GLP-1 Drugs
- Dogs Kill Toddler at Unlicensed Georgia Daycare Center
- Greystar, Other Landlords Agree to $141M Settlement in Rent-Setting Lawsuit
- Kentucky AG Suit Says Roblox Fails to Protect Children on Gaming Platform
- IMA Financial Adds Alabama’s Valent Group to the Team
Geopolitical volatility has surged into a top 10 business risk with cyber risk remaining No. 1.
West News
- Wyoming Library Director Fired in Book Dispute Wins $700K Settlement
- People Moves: MJ Companies Hires Eckard as Vice President, Employee Benefits Operations
- Report: California Workers’ Comp Written Premium Levels Returned to Stability
- Washington Dairy Worker Pleads Guilty in $122K Workers’ Comp Scam
- Man Charged With ‘Maliciously’ Starting Massive LA Wildfire
- US Sues Southern California Edison Over 2019 Wildfire
International & Reinsurance News
- Weak Governance of Artificial Intelligence Raises Risks of Cyberattacks: Moody’s
- Global Financial Watchdogs to Ramp Up Monitoring of Artificial Intelligence
- Life-Threatening Heat Domes Are Confounding Forecasters
- Explosion at Orange Site in Paris Injures Workers, Affects 80,000 Users
- Markets/Coverages: Special Contingency Risks Offers Enhanced Victim Support Cover
- People Moves: Aon Names Chisholm as Chairman of Asia Reinsurance Solutions; Markel Appoints Luxford as Head of Distribution and MGA Strategy, Australia
Insurance Journal Blogs and Columns
- Why Ethics CE Matters: Strengthening Professional Standards in Insurance
- A Lost Art: The Submission Letter
- Death and Insurance (Not Taxes), Part 2
- World Acquires Indiana’s ACB
- External Threat: Protecting Your Property when the Fire Starts Outside
- Economic Uncertainty and Annuities Go Hand and Hand
Quote of Note
"The widening global protection gap is a huge opportunity for insurers to fulfill their mandate as risk absorbers and improve societal resilience. In times of crisis, households need risk protection. Insurance is a key tool to help households reduce their financial vulnerability in disruptive environments."
More Quotes Jerome Jean Haegeli, group chief economist, Swiss Re
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Ategrity Specialty Insurance Company Holdings | ASIC | $17.64 | +7.69% |
| CNA Financial Corporation | CNA | $46.67 | +1.30% |
| Erie Indemnity Company | ERIE | $324.31 | +1.20% |
| Global Indemnity Group, LLC | GBLI | $29.68 | +1.07% |
| Bowhead Specialty Holdings Inc. | BOW | $26.20 | +0.89% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Lemonade, Inc. | LMND | $48.04 | -10.16% |
| Tiptree Inc. | TIPT | $17.67 | -4.33% |
| American Financial Group, Inc. | AFG | $137.55 | -4.05% |
| Hippo Holdings Inc. | HIPO | $34.55 | -3.71% |
| Mercury General Corporation | MCY | $80.14 | -3.26% |