US Commercial Rates Up 3% on Hikes in Casualty
Marsh’s Global Insurance Market Index said composite casualty rates increased 10%.
The Data Behind Rising HO Premiums By Peril and State
U.S. home insurers have seen an upward trend in all-peril loss costs the last 7 years.
- Dozens of Alleged Looters, Unlicensed Construction Workers Arrested in Florida
- Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’
- Delta Sues CrowdStrike Over ‘Catastrophic’ Software Glitch
- J&J’s $8.2 Billion Talc Settlement Faces January Court Test
- McDonald’s E. Coli Crisis Reveals Vegetable Contamination Is Harder Problem Than Beef
- S&P Reveals Top 50 Largest P/C Insurers
- Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms
- Lawsuit Alleges Child Sexual Abuse of WWE ‘Ring Boys’ in Maryland
- US Nuclear Regulator Begins Review on Three Mile Island Restart
- Jury Awards Family $5.4M, Says Coach’s Actions Caused Son’s Suicide
- Connecticut Declares State of Emergency, Burn Ban Due to Severe Fire Conditions
- Lawsuits Claim Children Were Sexually Abused in Pennsylvania Juvenile Facilities
- Crews Fight Large Brush Fire in Massachusetts; Separate Fire Kills 1
- Washington Commissioner’s Office Found Most Homes in 2003 Wildfire Were Under-Insured
- People Moves: Burns & Wilcox Names Carvalho to Lead San Francisco, Seattle and Portland
- Jury Hands $5.2B Verdict Against Vegas Company in Bottled Water Liver Damage Suit
- California Phlebotomy Lab and Owners to Pay $135K Over FCA Claims
- Report: California Auto Sales Leveling off, Tesla Sales Slip
- California Vocational School Owner Charged With Fraud in Workers’ Comp Scheme
- Universal, AmCoastal Report Some Costs from Helene, Milton for Q3
- Rebuilding from Hurricanes Hinges on Immigrants at Center of US Election
- Dozens of Alleged Looters, Unlicensed Construction Workers Arrested in Florida
- North Carolina Calculates Helene Damage at $58B, Far More than Florence
- Alabama Judge Appoints Mediator in Long-Running Med Marijuana License Dispute
- Georgia County to Sue BioLab Over Chemical Fire and Toxic Fumes
- Texas Department of Insurance OKs Porch Group’s Reciprocal Exchange
- People Moves: McCarty Joins Alliant as SVP, Employee Benefits Group
- Texas Grid Chief Says Big Tech Must Pay More for Power Upgrades
- Texas Manufacturer Faces $257K Fine for Workers’ Injuries
- Louisiana Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs
- Feds Issue Ultimatum to Louisiana on $3 Billion Coastal Restoration Project
- NTSB: Chicago Train Operator Had Alcohol in His System During 2023 Crash
- People Moves: Novatae Risk Group Hires Catrabone as Carrier Relations VP
- Big I Illinois Announces Annual Awards
- Mississippi River Dries Up Again at Worst Time for US Farmers
- AM Best Revises Outlook to Stable for American Family Mutual and Core Affiliates
- People Moves: Grant Joins Alliant Midwest Team as SVP
National News
- J&J’s $8.2 Billion Talc Settlement Faces January Court Test
- Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’
- Report: Climate Risks Increasing Insurance Rates and Hurting CRE Returns
- Delta Sues CrowdStrike Over ‘Catastrophic’ Software Glitch
- People Moves: The Hartford Announces New Leadership Appointments In Global Specialty
- New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver
- Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton
- Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay
- McDonald’s E. Coli Crisis Reveals Vegetable Contamination Is Harder Problem Than Beef
East News
- Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms
- Lawsuit Alleges Child Sexual Abuse of WWE ‘Ring Boys’ in Maryland
- US Nuclear Regulator Begins Review on Three Mile Island Restart
- Jury Awards Family $5.4M, Says Coach’s Actions Caused Son’s Suicide
- Connecticut Declares State of Emergency, Burn Ban Due to Severe Fire Conditions
- Lawsuits Claim Children Were Sexually Abused in Pennsylvania Juvenile Facilities
- Crews Fight Large Brush Fire in Massachusetts; Separate Fire Kills 1
Midwest News
- NTSB: Chicago Train Operator Had Alcohol in His System During 2023 Crash
- People Moves: Novatae Risk Group Hires Catrabone as Carrier Relations VP
- Big I Illinois Announces Annual Awards
- Mississippi River Dries Up Again at Worst Time for US Farmers
- AM Best Revises Outlook to Stable for American Family Mutual and Core Affiliates
- People Moves: Grant Joins Alliant Midwest Team as SVP
La. Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs
Louisiana Senator Bill Cassidy released a report critical of NFIP's Risk Rating 2.0.
Texas / South Central News
- Texas Department of Insurance OKs Porch Group’s Reciprocal Exchange
- People Moves: McCarty Joins Alliant as SVP, Employee Benefits Group
- Texas Grid Chief Says Big Tech Must Pay More for Power Upgrades
- Texas Manufacturer Faces $257K Fine for Workers’ Injuries
- Louisiana Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs
- Feds Issue Ultimatum to Louisiana on $3 Billion Coastal Restoration Project
Southeast News
- Universal, AmCoastal Report Some Costs from Helene, Milton for Q3
- Rebuilding from Hurricanes Hinges on Immigrants at Center of US Election
- Dozens of Alleged Looters, Unlicensed Construction Workers Arrested in Florida
- North Carolina Calculates Helene Damage at $58B, Far More than Florence
- Alabama Judge Appoints Mediator in Long-Running Med Marijuana License Dispute
- Georgia County to Sue BioLab Over Chemical Fire and Toxic Fumes
S&P Reveals Top 50 Largest P/C Insurers
State Farm continued to rank No. 1 with nearly $87.6 billion in direct premiums earned.
West News
- Washington Commissioner’s Office Found Most Homes in 2003 Wildfire Were Under-Insured
- People Moves: Burns & Wilcox Names Carvalho to Lead San Francisco, Seattle and Portland
- Jury Hands $5.2B Verdict Against Vegas Company in Bottled Water Liver Damage Suit
- California Phlebotomy Lab and Owners to Pay $135K Over FCA Claims
- Report: California Auto Sales Leveling off, Tesla Sales Slip
- California Vocational School Owner Charged With Fraud in Workers’ Comp Scheme
International & Reinsurance News
- Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’
- Brookfield Hires Head for Entry Into Japan Reinsurance Market
- Brazil Seals $30 Billion Compensation Deal With BHP, Vale Over 2015 Dam Collapse
- China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns
- UN Climate Chief Warns of Looming ‘Trainwreck’ as 1.5C Warming Limit in Doubt
- Gas Stoves Linked to 40,000 Premature Deaths in Europe Annually
- People Moves: Price Forbes Bermuda Promotes Kelley to CEO; WTW Gets Saudi Arabian License, Names Chubb’s Bahafi as Head of Insurance Broking
- IGI Expands in London Underwriting Hub Into Larger Offices
Insurance Journal Blogs and Columns
- Revolutionizing Catastrophe Modeling with CoreLogic’s Navigate™: A Cloud-Based Approach
- Optimizing Policy Renewal and Retention with Selectsys BPO Services: Strategies for Insurance Success
- Insurance Cluster vs. Aggregator: Finding the Right Model for Your Agency
- Top 5 Challenges Faced by MGAs in Managing Multi-Carrier Processes and How to Overcome Them
- 7 Ways Carriers Can Leverage Compliance Data for Business Opportunities
- Aviation Challenges, Coverages, and Claims – What’s Brewing Podcast (Episode 4)
Sponsored Newswire
More Sponsored NewswiresQuote of Note
"We may intervene and take further actions where firms do not appear to be meeting our expectations and treating their customers fairly."
More QuotesFinancial 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 |
|---|---|---|---|
| Root, Inc. | ROOT | $40.47 | +7.04% |
| Hippo Holdings Inc. | HIPO | $19.38 | +5.67% |
| Universal Insurance Holdings, Inc. | UVE | $20.00 | +3.95% |
| Kingsway Financial Services Inc. | KFS | $9.25 | +3.70% |
| Old Republic International Corporation | ORI | $35.30 | +2.62% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Palomar Holdings, Inc. | PLMR | $90.97 | -0.82% |
| Brown & Brown, Inc. | BRO | $103.35 | -0.61% |
| Kingstone Companies, Inc. | KINS | $9.73 | -0.51% |
| Enact Holdings, Inc. | ACT | $34.49 | -0.46% |
| American Coastal Insurance Corporation | ACIC | $12.06 | -0.41% |
