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
- Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains
- Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation
- BMW Recalling Mini Cooper SE Electric Models
- 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
- Jetfile announces partnership with Aviana to offer Insurance Risk Insights Solution (IRIS) to clients
- Accretive adds industry expert Jeff Roth to Jamison IP team
Quote of Note
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% |
