Fannie and Freddie Hit Pause on Replacement-Value Rule
Industry groups said a new rule would disrupt insureds, insurers and agents.
Berkshire's Insurance Biz Drives Q1 Results
GEICO's underwriting profit soared 174% to $1.9 billion in first-quarter 2024.
- Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
- Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes
- Progressive Set to ‘Maximize’ Growth, Building on Q1
- Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure
- Viewpoint: The 10 Major Risks Shaping Insurance Today
- Reserve Strengthening for Casualty Lines Not Over: Moody’s
- Construction Site Fatalities Down, Injuries Up in New York City
- Judge Dismisses Suit by Mother Who Claimed School Hid Teen’s Gender Expression
- Vendor That Mishandled Pennsylvania Virus Data to Pay $2.7M in Whistleblower Case
- Markets/Coverages: Plymouth Rock Offers Discount on Pet Coverage From Fetch
- Slain Visiting Nurse’s Husband Sues Employer, Alleging It Ignored Safety Concerns
- New Jersey to Launch Innovation Hub for Fintech and Insurtech Startups
- COVID-19 Can Be Occupational Disease, Colorado Court Says in Worker Death Case
- Report: California Workers’ Comp Written Premium Increased 2% in 2023
- Nevada Launches Home Insurance Tool to ID Carriers by ZIP
- People Moves: Roberts Joins LP Insurance in California; AMERIND Names Sattler CFO
- Safety Lapses Contributed to Patient Assaults at Oregon State Hospital: Federal Report
- Maui Sues Cell Carriers Over Failure of Wildfire Warning Alerts During Outage
- Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
- St. Pete Looking at Downtown Transformation with Housing and New Rays Stadium
- Tornadoes in Tennessee, North Carolina Kill Three, Damage Properties
- Dallas to Atlanta Brace for Severe Thunderstorms: Weather Watch
- McMaster Requests Federal Help After Wind, Hail Storm That Damaged SC Homes
- Georgia AG Says Savannah Overstepped on Ordinance Banning Guns in Unlocked Cars
- Dallas to Atlanta Brace for Severe Thunderstorms: Weather Watch
- After Deadly Oklahoma Tornado, Storms Bring Twisters to Midwest
- Alera Group Acquires Texas’ Trimble-Batjer
- Texas Energy Company to Pay $260K to Settle Racial Harassment Lawsuit
- Oklahoma Judge Blocks State’s Anti-ESG Law
- Houston Floodwaters Start to Recede; 800 Structures Damaged
- After Deadly Oklahoma Tornado, Storms Bring Twisters to Midwest
- AM Best Revises Ohio Indemnity Company’s Outlook to Positive
- People Moves: Leif Assurance Promotes Langworthy to Enterprise Relationship Manager
- Lawsuit Alleges Decades of Child Sexual Abuse at Illinois Juvenile Detention Centers
- Company to Pay $650K Over Child Labor Violations at Meat Processing Facilities
- Hub Acquires Michigan’s True North Group
National News
- Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
- Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure
- Progressive Set to ‘Maximize’ Growth, Building on Q1
- Reserve Strengthening for Casualty Lines Not Over: Moody’s
- US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules
- Jury Awards $9M to Player Who Sued US Tennis Association Over Coach’s Sexual Abuse
- Hospital Operator Ascension Warns of Suspected Cyberattack; Operations Disrupted
- Markets/Coverages: FM Global Names Leadership for New Renewable Energy Unit
East News
- Construction Site Fatalities Down, Injuries Up in New York City
- Judge Dismisses Suit by Mother Who Claimed School Hid Teen’s Gender Expression
- Vendor That Mishandled Pennsylvania Virus Data to Pay $2.7M in Whistleblower Case
- Markets/Coverages: Plymouth Rock Offers Discount on Pet Coverage From Fetch
- Slain Visiting Nurse’s Husband Sues Employer, Alleging It Ignored Safety Concerns
- New Jersey to Launch Innovation Hub for Fintech and Insurtech Startups
Midwest News
- After Deadly Oklahoma Tornado, Storms Bring Twisters to Midwest
- AM Best Revises Ohio Indemnity Company’s Outlook to Positive
- People Moves: Leif Assurance Promotes Langworthy to Enterprise Relationship Manager
- Lawsuit Alleges Decades of Child Sexual Abuse at Illinois Juvenile Detention Centers
- Company to Pay $650K Over Child Labor Violations at Meat Processing Facilities
- Hub Acquires Michigan’s True North Group
Chubb to Pay $350M Tied to Baltimore Bridge Collapse
The payment is expected to be authorized within weeks, said broker WTW.
Texas / South Central News
- Dallas to Atlanta Brace for Severe Thunderstorms: Weather Watch
- After Deadly Oklahoma Tornado, Storms Bring Twisters to Midwest
- Alera Group Acquires Texas’ Trimble-Batjer
- Texas Energy Company to Pay $260K to Settle Racial Harassment Lawsuit
- Oklahoma Judge Blocks State’s Anti-ESG Law
- Houston Floodwaters Start to Recede; 800 Structures Damaged
Southeast News
- Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
- St. Pete Looking at Downtown Transformation with Housing and New Rays Stadium
- Tornadoes in Tennessee, North Carolina Kill Three, Damage Properties
- Dallas to Atlanta Brace for Severe Thunderstorms: Weather Watch
- McMaster Requests Federal Help After Wind, Hail Storm That Damaged SC Homes
- Georgia AG Says Savannah Overstepped on Ordinance Banning Guns in Unlocked Cars
Court Says Insurers Can Pay Less in Fla. PIP Cases
Florida's high court gave given auto insurers more flexibility under the no-fault auto insurance law.
West News
- COVID-19 Can Be Occupational Disease, Colorado Court Says in Worker Death Case
- Report: California Workers’ Comp Written Premium Increased 2% in 2023
- Nevada Launches Home Insurance Tool to ID Carriers by ZIP
- People Moves: Roberts Joins LP Insurance in California; AMERIND Names Sattler CFO
- Safety Lapses Contributed to Patient Assaults at Oregon State Hospital: Federal Report
- Maui Sues Cell Carriers Over Failure of Wildfire Warning Alerts During Outage
International & Reinsurance News
- Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure
- EU Commission Eyeing Exemptions for ‘Forever Chemicals’ Ban, Letter Shows
- Range Rover Buyers Offered Insurance Cash After String of Thefts
- Brazilian Floods Are Inflicting Billions in Economic Devastation
- The World’s Biggest Carbon Removal Plant Comes Online in Iceland
- Hub International Acquires Certain Assets of Canada’s 2197747 Alberta Ltd.
Insurance Journal Blogs and Columns
- 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
- FMCSA Final Rule: Broker and Freight Forwarder Financial Responsibility
Sponsored Newswire
- IICF’s Blazing the Trail Gala Raises $560,000 for Midwest Nonprofit Partners
- Three PFCs Partner with ePayPolicy on Newest Financing Feature
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 |
|---|---|---|---|
| First Acceptance Corporation | FACO | $3.35 | +8.77% |
| Heritage Insurance Holdings, Inc. | HRTG | $8.31 | +3.36% |
| HCI Group, Inc. | HCI | $115.26 | +3.31% |
| Mercury General Corporation | MCY | $56.86 | +2.36% |
| Kingstone Companies, Inc. | KINS | $4.09 | +2.00% |
| Company | Symbol | Close | 1 Day Chg |
|---|---|---|---|
| Trupanion, Inc. | TRUP | $23.06 | -9.75% |
| Lemonade, Inc. | LMND | $16.70 | -4.46% |
| Goosehead Insurance, Inc | GSHD | $59.00 | -3.29% |
| ProAssurance Corporation | PRA | $14.72 | -2.90% |
| Kingsway Financial Services Inc. | KFS | $8.93 | -2.62% |
