US Nuclear Verdicts Drive Social Inflation to 7%: Swiss Re
There were 27 court cases each awarding more than $100 million in 2023.
ESG Backlash Erupts in Europe on World’s Strictest Rules
Faced with diverging rules between the US and Europe, some companies weigh options.
- Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B
- US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
- In Latest Salvo AIG Says its Former Execs at Dellwood Are ‘Bad Leavers’
- Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance
- State Farm: Catalytic Converter Thefts Drop 74%
- Hospital to Pay $65M to End Suit Over Cyber Attack That Exposed Patients’ Nude Photos
- Hospital to Pay $65M to End Suit Over Cyber Attack That Exposed Patients’ Nude Photos
- How Social Media Complicates Defamation Claims and How to Handle Them
- New York City Cab Crash Sends Rider on ‘Nightmare’ to Get Insurance Money
- Vermont Lags in Risk Management for Natural Disasters Including Flooding
- Police Have Increased Use of Maine’s ‘Yellow Flag’ Law Since Mass Shooting
- Union Reports Cyber Incident May Have Exposed Members’ Private Information
- Firefighters Hope Cooler Weather Will Aid Battle Against 3 Major Southern California Fires
- New Mexico Attorney General Files Suit Against Snapchat
- People Moves: Meister Joins Sertis as SVP, Distribution Partnerships; Alliant Names Mast SVP, Employee Benefits Group; Venbrook Names Oakes EVP
- New Southern California Wildfire Threatens Mountain Communities
- Wife of California Inmate Wins $5.6 Million in Settlement for Strip Search
- SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders
- Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance
- Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says
- Pinnacol’s EverPeak Workers’ Comp Coverage Expands Into South Carolina
- Francine Knocks Out Power to Hundreds of Thousands in US South
- Delta Jets Collide on the Ground at Atlanta Airport, Causing Minor Damage
- Hurricane Debby Florida Losses Top $121M; 60% of Claims Closed
- Francine Knocks Out Power to Hundreds of Thousands in US South
- Francine Makes Landfall in Louisiana as Powerful Category 2 Hurricane
- People Moves: Lockton Names Young SVP
- LDI Urges Residents to Check for ALE Coverage Ahead of Hurricane Francine
- Hurricane Francine Bears Down on Louisiana With Dangerous Winds
- Francine Strengthens to Hurricane as It Barrels to Louisiana
- AM Best Downgrades Credit Rating of Michigan’s Wolverine Mutual
- Iowa Hotel Worker Charged With Insurance Fraud
- People Moves: JM Wilson Hires Musolf and Hudson as Assistant Property & Casualty Underwriters; Group Captive Program Leader Albian Joins Ryan Alternative Risk
- Two Workers Die in Accident at South Dakota Farm Silo
- Few Households Opt Out of $600M Ohio Train Derailment Settlement
- Chicago Man Awarded $50M in Damages After Wrongful Murder Conviction
National News
- In Latest Salvo AIG Says its Former Execs at Dellwood Are ‘Bad Leavers’
- Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B
- Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share
- Cyberattacks on US Utilities Surged 70% This Year, Says Research Firm
- Moody’s, Amwins Expect Continued Cyber Market Growth
- State Farm: Catalytic Converter Thefts Drop 74%
- Mastercard Agrees to Buy Cyber-Defense Firm for $2.65 Billion
- US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
East News
- Hospital to Pay $65M to End Suit Over Cyber Attack That Exposed Patients’ Nude Photos
- How Social Media Complicates Defamation Claims and How to Handle Them
- New York City Cab Crash Sends Rider on ‘Nightmare’ to Get Insurance Money
- Vermont Lags in Risk Management for Natural Disasters Including Flooding
- Police Have Increased Use of Maine’s ‘Yellow Flag’ Law Since Mass Shooting
- Union Reports Cyber Incident May Have Exposed Members’ Private Information
Midwest News
- AM Best Downgrades Credit Rating of Michigan’s Wolverine Mutual
- Iowa Hotel Worker Charged With Insurance Fraud
- People Moves: JM Wilson Hires Musolf and Hudson as Assistant Property & Casualty Underwriters; Group Captive Program Leader Albian Joins Ryan Alternative Risk
- Two Workers Die in Accident at South Dakota Farm Silo
- Few Households Opt Out of $600M Ohio Train Derailment Settlement
- Chicago Man Awarded $50M in Damages After Wrongful Murder Conviction
How Social Media Complicates Defamation Claims
When does a claim for defamation begin to accrue in cases involving content on social media?
Texas / South Central News
- Francine Knocks Out Power to Hundreds of Thousands in US South
- Francine Makes Landfall in Louisiana as Powerful Category 2 Hurricane
- People Moves: Lockton Names Young SVP
- LDI Urges Residents to Check for ALE Coverage Ahead of Hurricane Francine
- Hurricane Francine Bears Down on Louisiana With Dangerous Winds
- Francine Strengthens to Hurricane as It Barrels to Louisiana
Southeast News
- Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance
- Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says
- Pinnacol’s EverPeak Workers’ Comp Coverage Expands Into South Carolina
- Francine Knocks Out Power to Hundreds of Thousands in US South
- Delta Jets Collide on the Ground at Atlanta Airport, Causing Minor Damage
- Hurricane Debby Florida Losses Top $121M; 60% of Claims Closed
Climate Losses Batter Insurers While Reinsurers Step Back
Reinsurers have ramped up their prices and are demanding more favorable terms.
West News
- Firefighters Hope Cooler Weather Will Aid Battle Against 3 Major Southern California Fires
- New Mexico Attorney General Files Suit Against Snapchat
- People Moves: Meister Joins Sertis as SVP, Distribution Partnerships; Alliant Names Mast SVP, Employee Benefits Group; Venbrook Names Oakes EVP
- New Southern California Wildfire Threatens Mountain Communities
- Wife of California Inmate Wins $5.6 Million in Settlement for Strip Search
- SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders
International & Reinsurance News
- Canada’s Wildfire Season Ranks Among Worst but Less Severe Than Feared
- Lloyd’s of London Plans to Overhaul ‘Unclear’ Rules on Dealing With Poor Conduct
- Swiss Insurer Baloise Targets Higher Returns for Shareholders After Cevian Move
- Top EU Privacy Regulator Opens Probe Into Google’s AI Compliance
- Thailand Raises Flood Warnings as Deaths Rise After Typhoon Yagi
- Taishin Raises Offer for Shin Kong in What Could Be Taiwan’s Biggest Financial Deal
- China Braces for Another Typhoon After Yagi Slammed South Coast
Insurance Journal Blogs and Columns
- The ABCs of Surety Bonds
- Revolutionizing Insurance Management with Selectsys Max and Selectsys Hub
- The Essential Role of BPO in Streamlining Insurance Operations
- Administrative Actions: What Are They and Who Do You Report Them to?
- The Importance of Exceptional Service in New Business Acquisition and Retention
- Legal System Abuse Hammers Truck Insurance
Sponsored Newswire
- Westfield Bank expands agency banking team through acquisition of top producers
- Arrowhead announces new carrier partnership for New Jersey homeowners
Quote of Note
"This has been a tremendous period of time to identify blind spots. Where did you think you were protected versus where you're not? As you took the plan off the shelf, if you will, and you put it into practice, what did work and didn't work about applying that plan?"
More QuotesJim Wetekamp, CEO, Riskonnect
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingstone Companies, Inc. | KINS | $9.30 | +3.79% |
| Root, Inc. | ROOT | $36.34 | +1.42% |
| Heritage Insurance Holdings, Inc. | HRTG | $15.18 | +0.86% |
| Markel Group Inc. | MKL | $1,531.44 | +0.40% |
| The Progressive Corporation | PGR | $249.59 | +0.18% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Universal Insurance Holdings, Inc. | UVE | $20.38 | -3.82% |
| Lemonade, Inc. | LMND | $17.35 | -3.34% |
| The Travelers Companies, Inc. | TRV | $231.30 | -3.16% |
| CNA Financial Corporation | CNA | $49.45 | -2.83% |
| Employers Holdings, Inc. | EIG | $46.10 | -2.76% |
