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
- Climate Losses Batter Insurers While Reinsurers Step Back
- Hippo’s First Connect Partners With Root Insurance on Quote and Bind Process
- New York Regulator Orders Taxi Insurer to Weigh Sale After Losses
- 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
"The rules are fuzzy. It's not clear what is allowed, what isn't allowed."
More QuotesMax Smeets, director of the European Cyber Conflict Research Initiative.
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% |
