Safety Insurance Group Inc. (SAFT) on Tuesday reported profit of $8.1 million in its fourth quarter. On a per-share basis, the Boston-based company said it had net income of 55 cents. Earnings, adjusted for non-recurring costs, came to 94 cents …
Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies and help them respond to increasing legal liabilities arising from contractual complexities. With immediate effect, Pen’s …
British drugmaker GSK will no longer set diversity targets, it said on Thursday, as it became the latest company to scale back or abandon such goals in response to the U.S. president’s opposition to them. President Donald Trump has issued …
The UK set out a raft of reforms designed to improve building safety, as it aims to clamp down on failures that contributed to the Grenfell Tower fire. The government is planning tougher rules on construction product safety, backed by …
A working paper from the U.S. Congressional Budget Office recently estimated the distribution of changes in gross domestic product in the year 2100 resulting from changes in temperature. And it could be bad, really bad—or hopefully not so bad, if …
While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the country—even in the swampy Southeast—are at risk for wildfires. New data analysis from ZestyAI found that $2.15 trillion worth of …
Reforms in 2024 to Illinois’ Biometric Information Privacy Act may have slowed the frequency and severity of litigation, but there remain significant consequences for violation of the law. Insurance Journal was able to ask expert Jason M. Rosenthal of Chicago-based …
The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency pledged to “right size” the watchdog under President Trump. The CFPB dismissed cases against Capital One Financial Corp., a unit …
Two major, publicly traded Florida insurance companies reported fourth-quarter earnings, with the Baldwin Insurance Group, Inc. (BWIN) noting a loss of $20.2 million in its fourth quarter. On a per-share basis, the Tampa-based insurance agency and brokerage said it had …
Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. Terms were not disclosed. With headquarters in Boston, Expert Insured also has …
