With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry’s aggregate 2024 combined ratio was 96.5—marking the lowest figure since 2013, a new report shows. Fine-tuning a slightly higher industry aggregate …
Inland marine managing general underwriter TIMBY Specialty Insurance Solutions launched its Warehouse Legal Liability Coverage, a product specifically for public and contract warehouses that handle third-party property. With limits up to $5 million per location, WHLL offers options covering additional …
In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state’s longtime reputation as Corporate America’s capital, Reuters has found. …
Paul Roberts joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in Boston, Massachusetts, the consultant has expertise in employee benefits, risk management and retirement consulting to service a diverse national …
Capital One was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of cheating depositors with its flagship “high interest” savings accounts out of millions of dollars in interest. The lawsuit followed the U.S. Consumer …
A technological glitch caused an emergency alert to be mistakenly sent to millions of Los Angeles County residents in January rather than only those in the proximity of a wildfire, according to a congressional report. The mistaken alert on Jan. …
Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates and other roadway barriers after U.S. auto safety investigators opened a probe last year. The recall affects 1,212 Waymo vehicles …
More than 200 firefighters battled a massive blaze that broke out at a west Baltimore warehouse, disrupting Amtrak service in the area and prompting officials to move dozens of area residents. Commuter rail service was canceled Tuesday amid fears the …
Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California …
German Insurtech wefox has agreed to sell its Italian businesses, wefox MGA S.r.l. and wefox Services Italy S.r.l., to U.S. private equity firm J.C. Flowers & Co. Financial details of the deal were not disclosed. Founded in 2015, wefox has …
