The Travelers Cos. said fourth quarter 2024 and full year net income increased 28% and 67% on strong underlying underwriting results. Travelers posted fourth quarter net income of about $2.1 billion compared to about $1.6 billion during the last quarter …
Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. It’s a major problem for homeowners, insurers and investors, as …
The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” Weeks after a U.S. Senate committee released a study and held a hearing on the affect of climate change …
Lawley, headquartered in Buffalo, New York, appointed four new partners. Michael Jantzi II has worked in the insurance and business development sectors since 2010. Prior to becoming a partner, he was an employee benefits consultant for over 10 years. Michael …
Average workers’ compensation loss costs for the voluntary market in Tennessee will drop by 3.6% starting March 1, marking the 12th straight year for decreases in the state. The National Council on Compensation Insurance recommended the decrease in a September …
This edition of International People Moves details appointments at Arch Insurance International and Willis Towers Watson. A summary of these new hires follows here. Arch Promotes Thompson to Offshore Energy Underwriting Manager Arch Insurance International (Arch) has announced the promotion …
Italian insurer Societa Reale Mutua di Assicurazioni is looking to expand in Europe through acquisitions — and it’s ready to consider deals of up to €1 billion ($1 billion) to make it happen. “We’re aiming to develop our international presence …
A federal judge on Tuesday rejected Citigroup’s bid to dismiss a lawsuit by New York Attorney General Letitia James claiming it failed to protect customers from online scammers and refused to reimburse customers who were victimized. U.S. District Judge Paul …
Federal employees in diversity, equity and inclusion roles will be placed on paid leave Wednesday as their offices related to those programs are being ordered to shut down after President Donald Trump’s executive orders, White House Press Secretary Karoline Leavitt …
AXA XL is partnering with London GreenCity, the UK’s first accelerator for development-stage climate tech entrepreneurs, to offer expertise in insurance and risk management to the accelerator’s members. London GreenCity supports the development of new technologies that address the causes …
