US P/C Underwriting Results $20 Billion in the Red Again
The total 2023 underwriting loss was $21.6 billion, led by losses in home and auto.
HO Loss Ratios at Allstate, Nationwide Fall Dramatically
An analysis by S&P revealed a 14.7 point improvement to 56.5 for the industry in Q1.
- Florida Governor Names Insurance Defense Lawyer to Appeals Court
- US P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red
- NY Plane Crash Kills 5 Members of Georgia Family, Including Former Insurance Analyst
- Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims
- Catastrophe Bonds Dodge Losses After Beryl Hits Jamaica
- Update: Beryl Rakes Mexico’s Yucatan With Hurricane Winds and Heavy Rain
- Fireworks Started New Jersey Forest Fire That Burned 4,000 Acres: Officials
- GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours
- Hospital to Pay $300K to Resolve Drug Recordkeeping Allegations
- Delaware Judge Allows Suit Over Police Fatal Shooting of Mentally Ill Woman
- Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims
- Trucking Firm Owner’s Scheme to Lower Insurance Costs Hits Dead End
- Growing Fire in Southern California Prompts Evacuations
- California Lawmakers to Ask Voters for Permission Borrow $20B for Climate, Schools
- Lightning Strike Started New Mexico Wildfire That Damaged 1,400 Structures
- $21M to Settle Claims Over Botched Fireworks Detonation in Los Angeles
- California Warehouse, Logistics Companies Fined Nearly $840K After Worker Pay Probe
- California Commissioner’s Analysis Shows $7.7B in Losses From Extreme Heat Events
- Florida Governor Names Insurance Defense Lawyer to Appeals Court
- Pongamia Tree Moves in on Florida Citrus, Promises Climate Resilience, Protein
- CFO Names Gallagher to Board of Florida Insurance Guaranty Association
- Investing in Climate Resilience Really Pays Off, Allstate, Chamber Study Shows
- Cooper Signs Retention Groups, Vaping, Work Zone Safety Bills in North Carolina
- OSHA Fines Georgia Sawmill $267,300 After Death of Worker
- Beryl Regains Strength, On Track to Reach Texas as Hurricane
- Judge Tells Louisiana to Protect Incarcerated Workers Toiling in Summer Heat
- Weather Damaged F-35s Parked in Texas May Cost Pentagon Millions
- Judge Blocks Biden’s Bid to Halt LNG Export Licenses Over Climate
- West Texas Truckers Protest Low Wages, Working Conditions
- People Moves: IMA Financial Names Arons Rosen as Dallas Market President
- Former Kansas Newspaper Reporter Settles Lawsuit Over Police Raid for $235K
- Worsening Floods Pose Threat to US Dam Safety
- Kansas School District Was Discriminatory in Discipline: DOJ
- Giant Sinkhole Swallows Center of Illinois Soccer Field
- Marsh McLennan Acquires Minnesota’s AmeriStar
- Robots, Drones and Driverless Tractors Usher In New Age of Farming
National News
- Insurance Industry Impact From Hurricane Beryl Expected to Be ‘Manageable’
- The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits
- To Insure or Self-Insure? The Question Homeowners Must Answer
- Crypto Hacking Thefts Double to $1.4B in First Half 2024
- GM to Pay $145.8M Penalty After US Finds Excess Emissions
- Q2 2024 Personal Insurance Rates Up 7.6%: MarketScout
- NCCI Identifies ‘Big 3′ Workers’ Comp Issues to Watch
East News
- Fireworks Started New Jersey Forest Fire That Burned 4,000 Acres: Officials
- GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours
- Hospital to Pay $300K to Resolve Drug Recordkeeping Allegations
- Delaware Judge Allows Suit Over Police Fatal Shooting of Mentally Ill Woman
- Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims
- Trucking Firm Owner’s Scheme to Lower Insurance Costs Hits Dead End
Midwest News
- Former Kansas Newspaper Reporter Settles Lawsuit Over Police Raid for $235K
- Worsening Floods Pose Threat to US Dam Safety
- Kansas School District Was Discriminatory in Discipline: DOJ
- Giant Sinkhole Swallows Center of Illinois Soccer Field
- Marsh McLennan Acquires Minnesota’s AmeriStar
- Robots, Drones and Driverless Tractors Usher In New Age of Farming
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
- Beryl Regains Strength, On Track to Reach Texas as Hurricane
- Judge Tells Louisiana to Protect Incarcerated Workers Toiling in Summer Heat
- Weather Damaged F-35s Parked in Texas May Cost Pentagon Millions
- Judge Blocks Biden’s Bid to Halt LNG Export Licenses Over Climate
- West Texas Truckers Protest Low Wages, Working Conditions
- People Moves: IMA Financial Names Arons Rosen as Dallas Market President
Southeast News
- Florida Governor Names Insurance Defense Lawyer to Appeals Court
- Pongamia Tree Moves in on Florida Citrus, Promises Climate Resilience, Protein
- CFO Names Gallagher to Board of Florida Insurance Guaranty Association
- Investing in Climate Resilience Really Pays Off, Allstate, Chamber Study Shows
- Cooper Signs Retention Groups, Vaping, Work Zone Safety Bills in North Carolina
- OSHA Fines Georgia Sawmill $267,300 After Death of Worker
AI and APIs: Essential Tools for Zurich Insurance Group
Tech executives at Zurich described their “digital transformation journey.”
West News
- Growing Fire in Southern California Prompts Evacuations
- California Lawmakers to Ask Voters for Permission Borrow $20B for Climate, Schools
- Lightning Strike Started New Mexico Wildfire That Damaged 1,400 Structures
- $21M to Settle Claims Over Botched Fireworks Detonation in Los Angeles
- California Warehouse, Logistics Companies Fined Nearly $840K After Worker Pay Probe
- California Commissioner’s Analysis Shows $7.7B in Losses From Extreme Heat Events
International & Reinsurance News
- Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers
- Catastrophe Bonds Dodge Losses After Beryl Hits Jamaica
- Banks Face Record Number of UK Lawsuits as Economy Stumbles
- Corporate France Braces for New Era of Political Turmoil
- Investors Put UK Election Winner Labour on Credibility Watch
- Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics
Insurance Journal Blogs and Columns
- 8 Ways AgentSync Can Elevate Your Salesforce Experience
- Navigating the Trucking Downturn – What’s Brewing Podcast (Episode 1)
- Minimizing AI Cyberattacks
- 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
Quote of Note
We've been wondering when the metaphorical dam's going to break, and the product liabilities are going to come out of the woodwork. I feel like we're starting to see the cracks in the foundation happening now, in respect of the product recalls.
More QuotesInsuring Cannabis panelist Jodi Green, an attorney at Miller Nash LLP.
Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Trupanion, Inc. | TRUP | $28.80 | +3.78% |
| Reliance Global Group, Inc. | RELI | $3.90 | +2.63% |
| Global Indemnity Group, LLC | GBLI | $31.34 | +2.22% |
| Heritage Insurance Holdings, Inc. | HRTG | $6.47 | +1.73% |
| Root, Inc. | ROOT | $54.47 | +1.30% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingsway Financial Services Inc. | KFS | $8.00 | -2.68% |
| RLI Corp. | RLI | $137.95 | -2.23% |
| United Fire Group, Inc. | UFCS | $20.85 | -2.11% |
| Skyward Specialty Insurance Group, Inc. | SKWD | $35.84 | -2.10% |
| HCI Group, Inc. | HCI | $90.85 | -2.02% |
