The head of FEMA said states will bear half the costs for responding to natural disasters.
Testimony came from homeowners, adjusters and two of the largest U.S. insurers.
- Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports
- State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing
- No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
- Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB
- Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
- Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
- Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
- Maryland Officials Say Autopsies Misclassified Deaths in Police Custody
- US Aviation Authorities Probe LaGuardia Runway Close Call
- New England’s Shield Health Settles Data Breach Cases for $15.3 Million
- Turbulent Waters May Have Been Factor in Mexican Ship’s Crash Into Brooklyn Bridge
- Capital One to Pay $425 Million to Settle Claims Over Savings Accounts
- Senate Will Try to Block California Vehicle Standards to Phase Out Gas-Powered Cars
- Idaho Police Release Names of 6 Killed in Yellowstone Tour Crash Amid Investigation
- People Moves: O’Day Named Acting Director of Oregon DCBS, Keen as Acting Insurance Commissioner
- Judge Scraps LA Sparks Player’s WNBA Suit; Can Pursue Claim Against Las Vegas Aces
- California Commissioner Launches Smoke Claims & Remediation Task Force
- Washington Roofing Company Fined $300K After Worker Falls From Roof
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
- Severe Weather Leaves at Least 27 Dead, Including 18 in Kentucky
- Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Fire Destroys Mansion on a Former Louisiana Sugar Plantation
- Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware
- Louisiana Plant at Center of Environmental Justice Fight Halts Operations
- Texas Sweetens Pitch to CEOs, Boards With New State Protections
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Train Strikes Family on Ohio Railroad Bridge, Killing 3
- Iowa-Based Ice Cream Manufacturer Issues Recall Over Plastic Concerns
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
- Severe Storm Batters St. Louis, Leaving At Least 4 Dead
- Severe Storms Sweep Through Midwest, Leaving Thousands Without Power
National News
- No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
- APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims
- Stablecoin Bill Advances in US Senate in Big Win for Crypto
- Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
- FCC Approves Verizon Deal to Acquire Frontier After DEI Changes
- People Moves: Boroughs Named Chubb Group Vice Chairman, Hogan Succeeds Boroughs as Investment Officer; Cushing Named Head of Construction at Zurich NA
- Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports
East News
- Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
- Maryland Officials Say Autopsies Misclassified Deaths in Police Custody
- US Aviation Authorities Probe LaGuardia Runway Close Call
- New England’s Shield Health Settles Data Breach Cases for $15.3 Million
- Turbulent Waters May Have Been Factor in Mexican Ship’s Crash Into Brooklyn Bridge
- Capital One to Pay $425 Million to Settle Claims Over Savings Accounts
Midwest News
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Train Strikes Family on Ohio Railroad Bridge, Killing 3
- Iowa-Based Ice Cream Manufacturer Issues Recall Over Plastic Concerns
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
- Severe Storm Batters St. Louis, Leaving At Least 4 Dead
- Severe Storms Sweep Through Midwest, Leaving Thousands Without Power
Marsh is asking a judge to stop its rival from stealing air and space insurance clients.
Texas / South Central News
- Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Fire Destroys Mansion on a Former Louisiana Sugar Plantation
- Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware
- Louisiana Plant at Center of Environmental Justice Fight Halts Operations
- Texas Sweetens Pitch to CEOs, Boards With New State Protections
Southeast News
- World Insurance Adds Two Agencies in South Carolina
- Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says
- Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
- More Tornadoes Plow Through Central US, Leaving Thousands Without Power
- Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
- Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
Lloyd's CUO said the oversight of delegated underwriting authorities is to make sure they do not drag down the market.
West News
- Alphabet’s Waymo Gets California Nod for Robotaxi Expansion in Bay Area
- Senate Will Try to Block California Vehicle Standards to Phase Out Gas-Powered Cars
- Idaho Police Release Names of 6 Killed in Yellowstone Tour Crash Amid Investigation
- People Moves: O’Day Named Acting Director of Oregon DCBS, Keen as Acting Insurance Commissioner
- Judge Scraps LA Sparks Player’s WNBA Suit; Can Pursue Claim Against Las Vegas Aces
- California Commissioner Launches Smoke Claims & Remediation Task Force
International & Reinsurance News
- Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks
- EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears
- EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil
- Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings
- Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
- Ryan Specialty Acquires Irish MGU 360° Underwriting
Insurance Journal Blogs and Columns
- Could Your Tech Stack Use a Spring Cleaning? How to Reduce Insurance IT Complexity with APIs
- Staged Auto Accidents: A Costly and Dangerous Threat for Fleets
- Conflagration’s role in the wildfire equation
- Tired of Waiting on Tickets? There’s a Better Way.
- Is Your Distribution Network Built to Scale?
- Insurance + APIs: How Superior Data Is Key to Distribution Channel Management
Quote of Note
"Insurance carriers are paying more attention to underwriting and selecting accounts they want to do business with and being very competitive on those."
More Quotes Brian F. Cooper, managing director, National Construction Practice, for Gallagher Construction Services in San Francisco.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingsway Financial Services Inc. | KFS | $11.23 | +7.98% |
| American Coastal Insurance Corporation | ACIC | $11.18 | +4.29% |
| TWFG, Inc. | TWFG | $35.33 | +4.19% |
| American Integrity Insurance Group, Inc. | AII | $16.89 | +2.80% |
| NI Holdings, Inc. | NODK | $13.41 | +2.05% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingstone Companies, Inc. | KINS | $16.21 | -3.97% |
| Goosehead Insurance, Inc | GSHD | $108.40 | -3.96% |
| Heritage Insurance Holdings, Inc. | HRTG | $24.74 | -2.41% |
| Hagerty, Inc. | HGTY | $9.53 | -1.95% |
| Trupanion, Inc. | TRUP | $45.30 | -1.84% |