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
- Former NFL Player’s $43.5 Million Score in Medical Malpractice Case Upheld
- 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
- Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
- Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses
- 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
- 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
- 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
- Workers at GM/LG Battery Plant in Tennessee Join UAW and Get Big Pay Raise
- Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
- New Mississippi Lawsuit Names Pharmacy Benefits Managers for Opioid Epidemic
- 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
- 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
- Collision Between Jail Transport Van and Vehicle Injures 19 in Illinois
- 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
National News
- Major Book Publishers Defeat Internet Archive Appeal Over Digital Scanning
- Dish Network in Talks With Investors to Settle Lawsuit
- As Traffic Deaths Remain High, US Awards $1 Billion for Road Safety Projects
- Blue to Become CEO of Alera Group in 2025
- Amazon Challenges Labor Board’s Structure in Lawsuit Over Union Election
- Hershey Attacks Lawsuits Targeting Product Packaging, Seeks to End Reese’s Case
- 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
- Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses
- 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
Midwest News
- Collision Between Jail Transport Van and Vehicle Injures 19 in Illinois
- 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
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
- Workers at GM/LG Battery Plant in Tennessee Join UAW and Get Big Pay Raise
- Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
- New Mississippi Lawsuit Names Pharmacy Benefits Managers for Opioid Epidemic
- 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
Climate Losses Batter Insurers While Reinsurers Step Back
Reinsurers have ramped up their prices and are demanding more favorable terms.
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
- 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
- Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal
- Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC
- London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses
- Fitch Ratings Shifts Global Re Outlook to Neutral; Pricing Past Peak
- Germany Cracks Down on China Green Fraud in Deepening Scandal
- Ex-CFO Says Royal Bank of Canada Manufactured Workplace-Romance Case
- BMW Recalling Mini Cooper SE Electric Models
- Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio
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
- Aviana and Jetfile announces strategic partnership to offer Insurance Risk Insights Solution (IRIS) to insurance clients
- Accretive adds industry expert Jeff Roth to Jamison IP team
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 |
|---|---|---|---|
| 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% |
