Fannie and Freddie Hit Pause on Replacement-Value Rule
Industry groups said a new rule would disrupt insureds, insurers and agents.
Nuclear Verdicts Surge to $14.5 Billion in 2023
Twenty seven verdicts were “thermonuclear," or more than $100 million.
- 15 Californians Charged in Complex Auto Insurance Fraud Ring
- Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
- Santander Flags Data Breach Hitting Some Clients, All Staff
- FTC Noncompete Agreement Ban May Not Survive Courts but Some States Could Adopt
- Farmers to Resume Offering Key Lines of Business Insurance in California
- Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer
- Baltimore Bridge Collapse Occurred After Ship Lost Power Multiple Times
- Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer
- High Court: E-Scooter Rider Hit by Car Not Eligible for No-Fault PIP Benefits
- Most of 15 Million Bees Saved After Bee-Laden Truck Crashes
- Gay Employees Sue New York City for Withholding IVF Coverage
- Truck Driver Who Fatally Struck 3 Pennsylvania Highway Workers Fell Asleep at Wheel
- The Surprising Force Stalling Climate Progress: California Restaurants
- After Maui, Hawaii Lawmakers Budget Funds for Firefighting Equipment and a State Fire Marshal
- Farmers to Resume Offering Key Lines of Business Insurance in California
- People Moves: CREST in Arizona Adds Anguis as Commercial Lines Broker
- Lawsuit: Tesla’s Autopilot Caused Fiery Crash into Tree, Killing Colorado Man
- 15 Californians Charged in Complex Auto Insurance Fraud Ring
- Four in Florida Charged with Faking Auto Accident Injuries to Gain PIP Payouts
- Boat Found in Key Biscayne Incident that Killed 15-year-old Skiier
- UAW Faces Key Test in the South With Upcoming Vote at Alabama Mercedes Plant
- Experts Say Gun Alone Doesn’t Justify Deadly Force in Fatal Shooting of Florida Airman
- Florida OIR Fines Heritage P&C $1M for Ian Claims Issues
- Two Tornadoes Down Trees on Homes, Kill One Person in Tallahassee
- Governor Signs Strengthen Oklahoma Homes Act Into Law
- Teen Awarded $185K in Lawsuit Over Interference With Recording of Mother’s Arrest
- Over 700 Tornado Reports Filed in 2024, Above Historical Average – AccuWeather
- Louisiana Court May Reopen Window for Suits by Adult Victims of Child Sex Abuse
- Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Report
- TWIA Board Approves $500M Line of Credit Ahead of 2024 Storm Season
- Kansas Schools Turn to AI to Spot Guns
- Michigan Study Shows Potential for Real-Time Traffic Light Adjustments
- US States Warned of Unhealthy Air From Wildfires: Weather Watch
- Iowa Woman Charged With Insurance Fraud
- Over 700 Tornado Reports Filed in 2024, Above Historical Average – AccuWeather
- Company Fined $261K After Worker Struck by Semi-Tractor-Trailer at Nebraska Grain Yard
National News
- US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency
- Insurance Research Council: Home Insurance Spend Tops Household Income Growth
- Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer
- FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes
- Markets/Coverages: CFC Partners With Online Quoting Platform Tarmika
- FTC Noncompete Agreement Ban May Not Survive Courts but Some States Could Adopt
- NCCI’s Chief Actuary Discusses Workers’ Comp Profits, Safety and Future
East News
- Baltimore Bridge Collapse Occurred After Ship Lost Power Multiple Times
- Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer
- High Court: E-Scooter Rider Hit by Car Not Eligible for No-Fault PIP Benefits
- Most of 15 Million Bees Saved After Bee-Laden Truck Crashes
- Gay Employees Sue New York City for Withholding IVF Coverage
- Truck Driver Who Fatally Struck 3 Pennsylvania Highway Workers Fell Asleep at Wheel
Midwest News
- Advocates Demand Investigation into Missouri Boarding School Abuse Allegations
- Kansas Schools Turn to AI to Spot Guns
- Michigan Study Shows Potential for Real-Time Traffic Light Adjustments
- US States Warned of Unhealthy Air From Wildfires: Weather Watch
- Iowa Woman Charged With Insurance Fraud
- Over 700 Tornado Reports Filed in 2024, Above Historical Average – AccuWeather
Farmers Resumes Some Lines of Business Insurance in California
The insurer said it will resume some new business commercial multi-peril policies.
Texas / South Central News
- Texas Lawmakers Zero In on Exploding Hemp Industry
- Louisiana Department of Insurance Offers Guidance Following Severe Storms
- Governor Signs Strengthen Oklahoma Homes Act Into Law
- Teen Awarded $185K in Lawsuit Over Interference With Recording of Mother’s Arrest
- Over 700 Tornado Reports Filed in 2024, Above Historical Average – AccuWeather
- Louisiana Court May Reopen Window for Suits by Adult Victims of Child Sex Abuse
Southeast News
- Four in Florida Charged with Faking Auto Accident Injuries to Gain PIP Payouts
- Boat Found in Key Biscayne Incident that Killed 15-year-old Skiier
- UAW Faces Key Test in the South With Upcoming Vote at Alabama Mercedes Plant
- Experts Say Gun Alone Doesn’t Justify Deadly Force in Fatal Shooting of Florida Airman
- Florida OIR Fines Heritage P&C $1M for Ian Claims Issues
- Two Tornadoes Down Trees on Homes, Kill One Person in Tallahassee
Exxon Hit With $726M Verdict Over Benzene and Cancer
A jury found Exxon Mobil liable for damages to a former mechanic who claimed its products caused his cancer.
West News
- The Surprising Force Stalling Climate Progress: California Restaurants
- After Maui, Hawaii Lawmakers Budget Funds for Firefighting Equipment and a State Fire Marshal
- Farmers to Resume Offering Key Lines of Business Insurance in California
- People Moves: CREST in Arizona Adds Anguis as Commercial Lines Broker
- Lawsuit: Tesla’s Autopilot Caused Fiery Crash into Tree, Killing Colorado Man
- 15 Californians Charged in Complex Auto Insurance Fraud Ring
International & Reinsurance News
- Britain Rejects Call to Ban Gagging Orders in Financial Services Sector
- Brazil States Ask Court to Double Amount Vale, BHP Should Pay for Mining Disaster
- Before Global Scrutiny, Indian Spice Maker MDH Faced Many US Rejections
- EU Finalizes Investment Fund Labels to Combat Greenwashing
- South Africa’s President Approves Major Health Reform Law; Legal Challenges Expected
- Wildfire Prompts Partial Evacuation of Canada’s Oil-Sands Capital
- Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia
- Ardonagh Specialty Rebrands Reinsurance Business as ‘Price Forbes Re’
Insurance Journal Blogs and Columns
- Implementation: The Final Frontier
- All 50 States in Just 2 Minutes: How Service Insurance Companies Went National in No Time
- Revolutionizing Insurance Distribution: Efficiency and Innovation through API Integration and Data Utilization
- Navigating Today’s Challenging Insurance Market: Leveraging Technology for Agencies
- 5 Ways to Prevent Water Damage in Buildings Under Construction
- The 6 Stages of Compliance Grief: How Top Insurance Carriers Are Revolutionizing Compliance Management with AgentSync
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Insurance Top Gainers/Losers
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Kingstone Companies, Inc. | KINS | $4.60 | +14.71% |
| American Coastal Insurance Corporation | ACIC | $12.23 | +2.26% |
| Trupanion, Inc. | TRUP | $31.30 | +1.72% |
| Lemonade, Inc. | LMND | $18.92 | +1.56% |
| NI Holdings, Inc. | NODK | $15.82 | +1.28% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| United Fire Group, Inc. | UFCS | $22.74 | -3.85% |
| Root, Inc. | ROOT | $61.04 | -3.03% |
| First Acceptance Corporation | FACO | $3.50 | -2.51% |
| Erie Indemnity Company | ERIE | $394.17 | -2.13% |
| Employers Holdings, Inc. | EIG | $42.49 | -1.89% |
