Cyber Insurance Market ‘Stable’ With Potential for Growth
AM Best said enough positive factors give the cyber insurance market a ‘stable’ outlook.
Farmers Adjusters Cry Foul Over Workloads, Claims
Farmers Insurance said it spoke to employees after receiving an anonymous letter.
- Coverage Needed: Hundreds of Thousands in SE Now in Flood Zones With New Maps
- Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators
- US P/C Insurers Post Best Q1 Underwriting Result In 17 Years
- Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023
- ‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says
- German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan
- Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates
- New Hampshire Sues TikTok Alleging Consumer Protection Violations, Harm to Kids
- Connecticut Firefighters Sue DuPont, 3M, Honeywell Over Allegedly Contaminated Gear
- Maryland Governor Names Hatchette Interim Insurance Commissioner as Birrane Retires
- Dali Cargo Ship Leaves Baltimore for Virginia, Nearly 3 Months After Bridge Collapse
- Grocery Store Chain Settles Suit Alleging Sexual Harassment, Disability Discrimination
- Jury Awards $700k to Seattle Protesters Jailed for Anti-Police Slogans on Barricade
- Report: Over 1,000 Properties Affected by New Mexico Wildfires to Cost $370M
- California FAIR Plan Clearinghouse Will Include Commercial Policies Starting July 1
- Containment Grows on Wildfire Near Site of Most Destructive Blaze in California History
- Washington Commissioner Asks Insurers to Extend Additional Living Expenses for Wildfire Victims
- Report: Nearly All California Worker’s Comp IMR Filings Were Eligible for Review
- Jacksonville OKs Jags’ $1.4B ‘Stadium of the Future’ to Spur Growth Downtown
- Kentucky DOI Gets New Vendor on Prelicensing, CE Services
- Verizon to Pay $1M Penalty Due to 2022 Outage That Blocked 911 Calls in SE
- Youth at North Carolina Therapy Camp Couldn’t Breathe in Tent, Autopsy Finds
- Florida Governor Suspends City Councilwoman Indicted on Insurance Fraud Charges
- Florida Family Files Tort Action Against NASA After Space Debris Damaged Home
- Oklahoma Insurance Department to Hold Inaugural OK Captive Day
- Supreme Court Pauses Federal Smog Control Plan That Texas Opposed
- Insurance Costs Contributing to Texas Housing Affordability Crisis
- Arkansas Sues Pharmacy Benefit Managers Over Alleged Role in Fueling Opioid Crisis
- Officials Investigate Southwest Jet That Flew Low Over Oklahoma City Suburbs
- Velocity Risk Partners with LSU to Develop Gulf Coast Hurricane Model
- Kansas Department of Insurance Distributes Over $18M to Firefighters
- Cause Determined in Ohio Refinery Fire That Killed 2
- Severe Thunderstorms Cut Power to Thousands in Western Michigan
- Floodwaters Inundate Midwest, Where Flood Insurance is Rarely In Force
- Minnesota Dam Risks Failure During Wave of Intense US Weather
- People Moves: Wyrick Joins Powers Insurance & Risk Management; Western National Adds Archulaeta and Jenson to Leadership Team
National News
- Supreme Court Curbs SEC’s In-House Judges in Fraud Cases
- Dellwood Insurance Files to Dismiss ‘Insufficient’ Case Brought by AIG
- Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023
- Supreme Court Blocks Purdue Pharma Bankruptcy Settlement
- US P/C Insurers Post Best Q1 Underwriting Result In 17 Years
- Volkswagen Recalling 307,000 Vehicles Over Air Bag Sensor Wiring
- Evolve Bank & Trust Confirms Data Was Stolen in Cyberattack
- Last Chance: Submit for Top 100, Top Agency Partnership Rankings Now
East News
- Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates
- New Hampshire Sues TikTok Alleging Consumer Protection Violations, Harm to Kids
- Connecticut Firefighters Sue DuPont, 3M, Honeywell Over Allegedly Contaminated Gear
- Maryland Governor Names Hatchette Interim Insurance Commissioner as Birrane Retires
- Dali Cargo Ship Leaves Baltimore for Virginia, Nearly 3 Months After Bridge Collapse
- Grocery Store Chain Settles Suit Alleging Sexual Harassment, Disability Discrimination
Midwest News
- Kansas Department of Insurance Distributes Over $18M to Firefighters
- Cause Determined in Ohio Refinery Fire That Killed 2
- Severe Thunderstorms Cut Power to Thousands in Western Michigan
- Floodwaters Inundate Midwest, Where Flood Insurance is Rarely In Force
- Minnesota Dam Risks Failure During Wave of Intense US Weather
- People Moves: Wyrick Joins Powers Insurance & Risk Management; Western National Adds Archulaeta and Jenson to Leadership Team
Let Adjusters, Not Lawyers, Make the Difference on Claims
Across America Insurance CEO said it relies on a team of in-house adjusters for claims.
Texas / South Central News
- Oklahoma Insurance Department to Hold Inaugural OK Captive Day
- Supreme Court Pauses Federal Smog Control Plan That Texas Opposed
- Insurance Costs Contributing to Texas Housing Affordability Crisis
- Arkansas Sues Pharmacy Benefit Managers Over Alleged Role in Fueling Opioid Crisis
- Officials Investigate Southwest Jet That Flew Low Over Oklahoma City Suburbs
- Velocity Risk Partners with LSU to Develop Gulf Coast Hurricane Model
Southeast News
- Jacksonville OKs Jags’ $1.4B ‘Stadium of the Future’ to Spur Growth Downtown
- Kentucky DOI Gets New Vendor on Prelicensing, CE Services
- Verizon to Pay $1M Penalty Due to 2022 Outage That Blocked 911 Calls in SE
- Youth at North Carolina Therapy Camp Couldn’t Breathe in Tent, Autopsy Finds
- Florida Governor Suspends City Councilwoman Indicted on Insurance Fraud Charges
- Florida Family Files Tort Action Against NASA After Space Debris Damaged Home
FEMA Puts Hundreds of Thousands More in Flood Zones
Many more properties will be required to purchase flood insurance after July 31.
West News
- Oregon Wildfire Growing After Active Day
- Jury Awards $700k to Seattle Protesters Jailed for Anti-Police Slogans on Barricade
- Report: Over 1,000 Properties Affected by New Mexico Wildfires to Cost $370M
- California FAIR Plan Clearinghouse Will Include Commercial Policies Starting July 1
- Containment Grows on Wildfire Near Site of Most Destructive Blaze in California History
- Washington Commissioner Asks Insurers to Extend Additional Living Expenses for Wildfire Victims
International & Reinsurance News
- Hacked UK Trove of Medical Records Includes Data on Newborns, Cancer Patients
- UK Financial Watchdog to Publish Industry Bullying, Sexism Update in Autumn
- EU’s Anti-Money Laundering Authority Is Now Official; Candidates for Chair Can Apply
- German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan
- Sanctions Damaging Safety at Sea, Says Sanctioned Ship Group Sovcomflot
- Venezuela Resorts to Using Shadow Tankers to Supply Oil to Ally Cuba
- Gallagher’s Artex Acquires UK’s Implement Compliance Solutions & Resources Ltd.
- People Moves: Brit Re Names Partner Re’s Ex-CEO Bonneau as Non-Executive Director; Optio Group Taps AXA’s Soni as Group CEO
Insurance Journal Blogs and Columns
- What is Ransomware?
- The Rise of Strategic Cargo Theft and Steps to Prevent It
- The Rest Is History: How Carriers Can Navigate Backdating Variations to Operationalize Just-In-Time Appointments
- Leveraging Technology: Revolutionizing the Distribution “Middle” in P&C Insurance
- Real-Time, Integrated, Automated Compliance Becoming Industry Standard
- How Wrap-Up Insurance Cost Savings are Realized
Sponsored Newswire
- IICF Hosts Nearly 800 Attendees at Regional Forums Advancing the Future of Work
- Smart Choice Experiences Record Expansion Driven by Acquisitions and Organic Growth
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 |
|---|---|---|---|
| Trupanion, Inc. | TRUP | $28.40 | +4.41% |
| Root, Inc. | ROOT | $46.05 | +4.23% |
| Lemonade, Inc. | LMND | $16.20 | +1.89% |
| Erie Indemnity Company | ERIE | $365.82 | +0.96% |
| Palomar Holdings, Inc. | PLMR | $79.61 | +0.95% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| American Coastal Insurance Corporation | ACIC | $10.50 | -3.93% |
| Heritage Insurance Holdings, Inc. | HRTG | $6.83 | -3.26% |
| Ryan Specialty Holdings, Inc. | RYAN | $59.00 | -2.77% |
| Brown & Brown, Inc. | BRO | $91.14 | -2.36% |
| Arthur J. Gallagher & Co. | AJG | $259.90 | -1.99% |
