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.
- Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives
- New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown
- Climate Losses Batter Insurers While Reinsurers Step Back
- Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation
- Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains
- Amazon Challenges Labor Board’s Structure in Lawsuit Over Union Election
- Former NFL Player’s $43.5 Million Score in Medical Malpractice Case Upheld
- AGs Sue 3 Gun Shops Over Alleged ‘Straw Purchases’ of Weapons Trafficked Into DC
- New Hampshire Approves 5.6% Workers’ Compensation Loss Cost Decrease for 2025
- After Losing in Court, Atlantic City Casino Workers Plan Ad Blitz for Smoking Ban
- New York Regulator Orders Taxi Insurer to Weigh Sale After Losses
- Driver of Partially Automated Mustang Charged With DUI Homicide
- NFP Acquires Scott Litman Insurance Agency in California
- Robinhood in $3.9M Settlement With California Over Crypto Withdrawals
- Washington Contractor Fined for Using a Crane to Lift Workers After Elevator Breaks Down
- 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
- Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
- 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
- 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
- Dish Network in Talks With Investors to Settle Lawsuit
- Amazon Challenges Labor Board’s Structure in Lawsuit Over Union Election
- Hershey Attacks Lawsuits Targeting Product Packaging, Seeks to End Reese’s Case
- 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
- 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
- Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer
- HNW Market Update: What Went Wrong and How We Are Turning Things Around
East News
- Former NFL Player’s $43.5 Million Score in Medical Malpractice Case Upheld
- AGs Sue 3 Gun Shops Over Alleged ‘Straw Purchases’ of Weapons Trafficked Into DC
- New Hampshire Approves 5.6% Workers’ Compensation Loss Cost Decrease for 2025
- After Losing in Court, Atlantic City Casino Workers Plan Ad Blitz for Smoking Ban
- New York Regulator Orders Taxi Insurer to Weigh Sale After Losses
- Driver of Partially Automated Mustang Charged With DUI Homicide
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
- Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
- 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
Atlantic Hurricane Season Could Intensify: AccuWeather
AccuWeather said less wind shear and less dry air could create conducive conditions.
West News
- NFP Acquires Scott Litman Insurance Agency in California
- Robinhood in $3.9M Settlement With California Over Crypto Withdrawals
- Washington Contractor Fined for Using a Crane to Lift Workers After Elevator Breaks Down
- 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
International & Reinsurance News
- Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC
- BMW Recalling Mini Cooper SE Electric Models
- 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
Insurance Journal Blogs and Columns
- Harnessing AI OCR Technology for Efficient Data Extraction
- 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
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 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 |
|---|---|---|---|
| Skyward Specialty Insurance Group, Inc. | SKWD | $41.49 | +3.49% |
| HCI Group, Inc. | HCI | $99.53 | +3.32% |
| Kingstone Companies, Inc. | KINS | $9.42 | +3.29% |
| American Coastal Insurance Corporation | ACIC | $11.12 | +2.21% |
| NI Holdings, Inc. | NODK | $15.36 | +2.13% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American International Group, Inc. | AIG | $73.84 | -3.72% |
| Berkshire Hathaway Inc. | BRK.A | $696,160.00 | -2.74% |
| Trupanion, Inc. | TRUP | $43.67 | -2.70% |
| W. R. Berkley Corporation | WRB | $59.02 | -2.58% |
| Heritage Insurance Holdings, Inc. | HRTG | $16.27 | -2.28% |
