US Nuclear Verdicts Drive Social Inflation to 7%: Swiss Re
There were 27 court cases each awarding more than $100 million in 2023.
US Property Insurance Rates Fall for First Time Since 2017
The average U.S. property insurance rate decreased 0.94% in the second quarter.
- US Property Insurance Rates Fall for First Time Since 2017
- Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power
- Beware of Hidden Email Addresses: TN School Transferred $3M to Fake Account
- US Sues Ship Owner, Operator Over Baltimore Bridge Collapse
- Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
- Appeals Court Spikes Brett Favre’s Defamation Suit Against Shannon Sharpe
- Maine Considers Public Flood Insurance Option for Municipalities, Property Owners
- Amazon Drivers Join Teamsters in New York, Union Says
- Construction Workers Recover $77K After Being Denied Prevailing Wage
- People Moves: Davis Joins MEMIC as Senior Underwriter; Davis Joins Alliant as Senior VP; Monte Joins Alliant M&A Team
- Driver Charged With Killing Gaudreau Brothers Was Drunk: Prosecutor
- Real Estate Firm’s D&O Not Available for Defense in RealPage Antitrust Lawsuit
- Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes
- Washington Cabinet Shop Fined $187K for Safety Violations
- HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders
- PCF Acquires Insurance Business of Top Insurance Associates in Washington
- California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model
- People Moves: Aspire in California Names Rea Chief Technology Officer
- Alabama’s Wind-Mitigation Program Celebrates 50,000 Fortified Homes in the State
- Appeals Court Spikes Brett Favre’s Defamation Suit Against Shannon Sharpe
- Coastal Carolina Gets 1,000-Year Rainfall Event From Storm System
- Beware of Hidden Email Addresses: TN School Transferred $3M to Fake Account
- Senator, Congresswoman Warn of Property Crisis as Climate Change Grips Florida
- Tropical System Moving in Carolinas Monday With Winds, Rain, Floods
- AM Best Downgrades Credit Ratings of Texas Farm Bureau Casualty Insurance Co.
- Houston-Area Blaze Caused by SUV Accident, Officials Say
- Moody’s: Private Market Insured Losses From Francine to Not Exceed $2B
- Registration for Next Round of Louisiana Fortified Homes Program to Open Wednesday
- Pipe Fire Near Houston Forces Residents to Evacuate
- Multi-Vehicle Crash on Dallas Interstate Kills 4
- Wisconsin Food Processor Fined $161K for Exposing Workers to Dangers
- Federal Judge in N.D. Temporarily Blocks Biden Administration Rule on Natural Gas Flaring
- Nebraska Certifies Ballot Measures to Legalize Medical Marijuana
- Iowa and Iowa State Athletes Join Civil Lawsuit Over State Gambling Sting
- An 8-Year-Old Girl in Ohio Drove an SUV to a Target: Authorities
- Man Admits Shootings That Damaged Electrical Substations in the Dakotas
National News
- US Sues Ship Owner, Operator Over Baltimore Bridge Collapse
- AT&T Agrees to Pay $13 Million FCC Fine For Cloud Data Leak
- Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power
- Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
- Bump in Federal Trade Secret Litigation Seen in 2023: Report
- Zywave Names Simoncic New CEO, Kasper CFO
- Oracle To Pay $115M To Settle Suit Over Tracking Consumer Data
East News
- Maine Considers Public Flood Insurance Option for Municipalities, Property Owners
- Amazon Drivers Join Teamsters in New York, Union Says
- Construction Workers Recover $77K After Being Denied Prevailing Wage
- People Moves: Davis Joins MEMIC as Senior Underwriter; Davis Joins Alliant as Senior VP; Monte Joins Alliant M&A Team
- Driver Charged With Killing Gaudreau Brothers Was Drunk: Prosecutor
- Real Estate Firm’s D&O Not Available for Defense in RealPage Antitrust Lawsuit
Midwest News
- Wisconsin Food Processor Fined $161K for Exposing Workers to Dangers
- Federal Judge in N.D. Temporarily Blocks Biden Administration Rule on Natural Gas Flaring
- Nebraska Certifies Ballot Measures to Legalize Medical Marijuana
- Iowa and Iowa State Athletes Join Civil Lawsuit Over State Gambling Sting
- An 8-Year-Old Girl in Ohio Drove an SUV to a Target: Authorities
- Man Admits Shootings That Damaged Electrical Substations in the Dakotas
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
- AM Best Downgrades Credit Ratings of Texas Farm Bureau Casualty Insurance Co.
- Houston-Area Blaze Caused by SUV Accident, Officials Say
- Moody’s: Private Market Insured Losses From Francine to Not Exceed $2B
- Registration for Next Round of Louisiana Fortified Homes Program to Open Wednesday
- Pipe Fire Near Houston Forces Residents to Evacuate
- Multi-Vehicle Crash on Dallas Interstate Kills 4
Southeast News
- Alabama’s Wind-Mitigation Program Celebrates 50,000 Fortified Homes in the State
- Appeals Court Spikes Brett Favre’s Defamation Suit Against Shannon Sharpe
- Coastal Carolina Gets 1,000-Year Rainfall Event From Storm System
- Beware of Hidden Email Addresses: TN School Transferred $3M to Fake Account
- Senator, Congresswoman Warn of Property Crisis as Climate Change Grips Florida
- Tropical System Moving in Carolinas Monday With Winds, Rain, Floods
Climate Losses Batter Insurers While Reinsurers Step Back
Reinsurers have ramped up their prices and are demanding more favorable terms.
West News
- Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes
- Washington Cabinet Shop Fined $187K for Safety Violations
- HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders
- PCF Acquires Insurance Business of Top Insurance Associates in Washington
- California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model
- People Moves: Aspire in California Names Rea Chief Technology Officer
International & Reinsurance News
- Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India
- Update: Central Europe Flood Deaths Rise as Citizens Race to Build Defenses
- Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk
- Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
- Canada Relaxes Some Mortgage Insurance Rules to Tackle Housing Crisis
- Update: Africa Floods Displace Millions, Prompt Warnings of Disease, Dam Bursts
- Awbury Syndicate 2025 Gets ‘In Principle’ Nod From Lloyd’s for Launch in January
- Generali Agrees to Sell 99.99% Stake in Turkish Unit
Insurance Journal Blogs and Columns
- Leveraging AI in Insurance: How SelectsysTech’s AI OCR Bridge Transforms Data Extraction
- Modernizing Insurance Sales with the SelectsysTech RQB Platform
- How Personalization Creates Engagement for a World-Class Producer Experience
- In The Line of Fire: Key Insights from the 2024 CoreLogic® Wildfire Risk Report
- Revolutionize Your Underwriting Process with Underwriter Link: The Ultimate Tool for MGAs and Wholesalers
- The ABCs of Surety Bonds
Sponsored Newswire
- Apex One Inspections & Surveys Expands Comprehensive Home Inspection Services in Florida to Ensure Buyer Confidence and Safety
- Texas Mutual board approves $350 million policyholder dividend distribution
Quote of Note
"The widening global protection gap is a huge opportunity for insurers to fulfill their mandate as risk absorbers and improve societal resilience. In times of crisis, households need risk protection. Insurance is a key tool to help households reduce their financial vulnerability in disruptive environments."
More QuotesJerome Jean Haegeli, group chief economist, Swiss Re
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Heritage Insurance Holdings, Inc. | HRTG | $15.61 | +4.77% |
| HCI Group, Inc. | HCI | $105.88 | +2.93% |
| Universal Insurance Holdings, Inc. | UVE | $22.01 | +2.18% |
| American Coastal Insurance Corporation | ACIC | $11.21 | +2.09% |
| Palomar Holdings, Inc. | PLMR | $97.77 | +2.08% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Hippo Holdings Inc. | HIPO | $18.13 | -5.72% |
| Kingstone Companies, Inc. | KINS | $9.22 | -3.25% |
| Marsh & McLennan Companies, Inc. | MMC | $228.07 | -1.34% |
| Ryan Specialty Holdings, Inc. | RYAN | $63.59 | -1.33% |
| Arthur J. Gallagher & Co. | AJG | $295.94 | -1.21% |
