Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development January 30, 2025 By Chad Hemenway Selective Insurance Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year...
Alphabet’s Waymo to Test Autonomous Driving Technology in New Cities January 30, 2025 Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving technology in over 10...
How Competitive Is E&S Property? Exec Views Vary January 30, 2025 By Susanne Sclafane E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of...
Lawsuit Accuses Amazon of Secretly Tracking Consumers Through Cellphones January 30, 2025 By Jonathan Stempel Amazon.com was sued on Wednesday by consumers who accused the retailing giant of secretly tracking their movements through their cellphones,...
Transport Secretary Orders Fuel-Economy Rule Rewrite January 29, 2025 By Keith Laing Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent US fuel-economy rules, following through on one of...
MGM Resorts to Pay $45M to Settle Data Breach Lawsuit January 29, 2025 MGM Resorts International has agreed to a $45 million to resolve a class action lawsuit over its data breaches in...
Progressive Net Income More Than Doubles in 2024 January 29, 2025 Progressive Corp. said its fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the...
Chubb Posts Record P/C Underwriting Income for Q4 and 2024 January 29, 2025 By Chad Hemenway Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth quarter...
People Moves: Ignite Specialty Names Patel US Head of IP Underwriting; QBE North America Hires Finnis as SVP of Distribution January 29, 2025 Ignite Specialty Risk Names Patel as US Head of Intellectual Property Underwriting Ignite Specialty Risk, headquartered in London, appointed Ankit...
Growth of Pet Insurance Continues as Market Could Reach $4.5B January 29, 2025 By Jahna Jacobson Any pet owner who has been hit by sticker shock at the vet’s office understands why pet insurance is a...