Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene October 17, 2024 Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In...
Florida Man Dies From Smoke After Golf Cart Battery Fire in Milton Flooding October 17, 2024 The death toll from Hurricane Milton has risen to at least 25, including an elderly man who died from smoke...
New York Updates Financial Services Cybersecurity Regulation to Address AI Risks October 17, 2024 The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 financial firms...
HCI Group Expects to Pay $600M to $750M in Claims from Recent Hurricanes October 17, 2024 Publicly traded HCI Group, the Tampa-based holding company for Homeowners Choice Property & Casualty, TypTap and a new condominium insurance...
Multi-Class MGA, Carrow Insurance, Launches, With Former AmTrust Exec at Helm October 17, 2024 Mission Underwriters, the MGA incubator, announced the launch of Carrow Insurance, under the leadership of Ronan Conboy, the former CEO...
People Moves: LM Re Taps Vantage Risk’s Sweeney as Specialty Casualty Underwriting Mgr; Marsh Promotes Thomas-Ferrand to Lead Captive Insurance as Charnley Retires October 17, 2024 This edition of International People Moves details appointments at Liberty Mutual Reinsurance and Marsh. A summary of these new hires...
Aon’s NFP Acquires Irish Financial, Benefits and Insurance Advisory Firm October 17, 2024 NFP, an Aon company and insurance brokerage, announced it has acquired IHI Group, the Dublin-based advisory firm that specializes in...
AXA Rebrands China Reinsurance Unit to ‘AXA International Re’ October 17, 2024 AXA Insurance announced it has rebranded its Chinese reinsurance unit, XL Re China, to AXA International Re. The name change...
Insurtech on the Silicon Prairie to be Held in Omaha October 17, 2024 The Nebraska Department of Insurance shared that Insurtech on the Silicon Prairie will take place in Omaha on Oct. 28-29,...
Climate Change Causes 379% Hike in Insured Damages in Canada Over 10 Years: Report October 17, 2024 The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the...