Reinsurers’ Appetite for Nat Cat Risk Grows – With Discipline
Most large reinsurers rated by S&P increased exposure to natural catastrophes at Jan 1.
Main Street America Insurance Exits Personal Lines
Main Street will stop offering personal lines to focus on a commercial lines strategy.
- New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown
- Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation
- Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives
- Hippo’s First Connect Partners With Root Insurance on Quote and Bind Process
- Climate Losses Batter Insurers While Reinsurers Step Back
- Driver of Partially Automated Mustang Charged With DUI Homicide
- New York Regulator Orders Taxi Insurer to Weigh Sale After Losses
- Driver of Partially Automated Mustang Charged With DUI Homicide
- Officer Sentenced for Selling Crash Victim Information to Referral Service for Lawyers
- Relation Insurance Acquires Maryland’s Haney Company
- New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown
- Insurers Say Honda and Local Dealer Should Pay for Damages Caused by Car Fire
- Inszone Acquires Cascade Insurance Center in Oregon
- Oregon Hospital Sued for $303M; Nurse Accused of Replacing Fentanyl With Tap Water
- Pilot Declared Emergency, Loss of Autopilot Before Crash That Killed 3
- Crews Slow Progress of Sierra Wildfire, But Evacuations Orders Remain
- Judge to Ask Hawaii Supreme Court About Barriers to $4B Wildfire Settlement
- People Moves: Liberty Names Dyer VP and Producer in California
- Four Killed in Georgia High School Shooting; Suspect in Custody
- People Killed in Mississippi Bus Crash Were From Mexico
- EPIC Insurance Inks Deal to Provide Risk Management for Miami Dolphins, Stadium
- UGA Fatal Crash Survivor Settles Lawsuit With Athletic Association
- NCCI Calls For Tiny Workers’ Comp Rate Decrease for Florida After New Doctor Fees
- Three Charged With Auto Insurance Fraud in Miami After False Injury Claims
- People Moves: Stephens Insurance Adds Scott Miller to Arkansas Office
- Texas Faces Need for Hundreds of Thousands of Homes to Address Housing Shortage
- SpaceX Faces Concerns Over Environment Damage in South Texas
- Explosion Destroys Southwest Louisiana Home, Killing 1 and Injuring 5
- Oklahoma Manufacturer Sued For Firing Employees Over COVID Vaccine Exemptions
- Investigation Underway After Bleacher Collapse at Texas Rodeo Injures 12 People
- Indiana Steel Mill to Pay $248K Over Clean Air Act Violations
- Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer
- Burglary Ring Accused of Targeting Rural Pharmacies in Iowa and Nebraska
- AM Best Downgrades Credit Rating of Iowa’s IMT Insurance
- Kansas Woman Sentenced to Probation for Insurance Fraud
- Man Drives Car Through Restaurant Patio in Minneapolis Suburb, Killing 2
National News
- Johnson & Johnson Adds $1.1 Billion to Proposed Talc Settlement
- Moody’s Acquires Praedicat to Add Casualty and Liability Models
- Climate Losses Batter Insurers While Reinsurers Step Back
- Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation
- Gulf of Mexico Oil Drilling Under Threat From Government Impasse
- Hippo’s First Connect Partners With Root Insurance on Quote and Bind Process
- Final Deadline: Submit Now for ‘Best Agency to Work For’ Awards
- Judge Says X Must Face Class Action Age Bias Claims Over Mass Layoff
East News
- New York Regulator Orders Taxi Insurer to Weigh Sale After Losses
- Driver of Partially Automated Mustang Charged With DUI Homicide
- Officer Sentenced for Selling Crash Victim Information to Referral Service for Lawyers
- Relation Insurance Acquires Maryland’s Haney Company
- New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown
- Insurers Say Honda and Local Dealer Should Pay for Damages Caused by Car Fire
Midwest News
- Indiana Steel Mill to Pay $248K Over Clean Air Act Violations
- Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer
- Burglary Ring Accused of Targeting Rural Pharmacies in Iowa and Nebraska
- AM Best Downgrades Credit Rating of Iowa’s IMT Insurance
- Kansas Woman Sentenced to Probation for Insurance Fraud
- Man Drives Car Through Restaurant Patio in Minneapolis Suburb, Killing 2
A PFAS ‘Superstorm’ of Litigation, Regulation
Specialists in PFAS say insurers are excluding or outright denying coverage.
Texas / South Central News
- People Moves: Stephens Insurance Adds Scott Miller to Arkansas Office
- Texas Faces Need for Hundreds of Thousands of Homes to Address Housing Shortage
- SpaceX Faces Concerns Over Environment Damage in South Texas
- Explosion Destroys Southwest Louisiana Home, Killing 1 and Injuring 5
- Oklahoma Manufacturer Sued For Firing Employees Over COVID Vaccine Exemptions
- Investigation Underway After Bleacher Collapse at Texas Rodeo Injures 12 People
Southeast News
- Four Killed in Georgia High School Shooting; Suspect in Custody
- People Killed in Mississippi Bus Crash Were From Mexico
- EPIC Insurance Inks Deal to Provide Risk Management for Miami Dolphins, Stadium
- UGA Fatal Crash Survivor Settles Lawsuit With Athletic Association
- NCCI Calls For Tiny Workers’ Comp Rate Decrease for Florida After New Doctor Fees
- Three Charged With Auto Insurance Fraud in Miami After False Injury Claims
Atlantic Hurricane Season Could Intensify: AccuWeather
AccuWeather said less wind shear and less dry air could create conducive conditions.
West News
- Inszone Acquires Cascade Insurance Center in Oregon
- Oregon Hospital Sued for $303M; Nurse Accused of Replacing Fentanyl With Tap Water
- Pilot Declared Emergency, Loss of Autopilot Before Crash That Killed 3
- Crews Slow Progress of Sierra Wildfire, But Evacuations Orders Remain
- Judge to Ask Hawaii Supreme Court About Barriers to $4B Wildfire Settlement
- People Moves: Liberty Names Dyer VP and Producer in California
International & Reinsurance News
- Climate Losses Batter Insurers While Reinsurers Step Back
- UK Grenfell Tower Fire Inquiry Blames All Deaths on Incompetence and Greed
- Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7% Combined Ratio
- Clearview AI Fined by Dutch Agency for Facial Recognition Database
- Who Is to Blame for Deadly 2017 Grenfell Tower Fire?
- Ex-VW CEO Denies Criminal Charges Over Diesel Emissions Scandal
- People Moves: Brit Names Guy Carpenter’s Stephenson to Lead Bermuda Expansion; HDI Global Taps Geis From Allianz as Managing Director for Germany
Insurance Journal Blogs and Columns
- Taking Your Adjuster Licensing from a Liability to an Asset
- Revolutionizing Flood Insurance with CoreLogic® Flood Risk Score
- How Can You Create a World-Class Producer Experience? It Starts with Tech, Transparency, and Trust
- How to Protect Your Fleet from Phishers Posing as the FMCSA
- OCIP vs. CCIP: Choosing the Right Insurance Program for Your Construction Project
- Medicare Prescription Drug Costs: Strategies for Managing Expenses
Sponsored Newswire
- Accretive adds industry expert Jeff Roth to Jamison IP team
- Ascend Unveils Direct Bill Automation Solution for Insurance Brokers
Quote of Note
"We believe that COVID has resulted in a flight to quality and we are benefiting from this market dynamic."
More QuotesPeter Zaffino, AIG president and chief operating officer
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Goosehead Insurance, Inc | GSHD | $88.30 | +5.40% |
| Trupanion, Inc. | TRUP | $44.88 | +3.43% |
| Global Indemnity Group, LLC | GBLI | $32.13 | +2.91% |
| Heritage Insurance Holdings, Inc. | HRTG | $16.65 | +2.52% |
| Lemonade, Inc. | LMND | $18.77 | +2.40% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| AMERISAFE, Inc. | AMSF | $48.80 | -2.03% |
| Mercury General Corporation | MCY | $62.83 | -1.83% |
| Tiptree Inc. | TIPT | $19.14 | -1.39% |
| American Coastal Insurance Corporation | ACIC | $10.88 | -1.18% |
| Horace Mann Educators Corporation | HMN | $35.95 | -0.75% |
