Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses May 1, 2025 By Chad Hemenway Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due...
LA County Approves $4B Payout to Settle Sexual Abuse Claims at Juvenile Facilities April 30, 2025 Los Angeles County officials this week approved a $4 billion payout to settle nearly 7,000 claims of sexual abuse in...
Bill to Address California Wildfire And Insurance Crises Moving Through Legislature April 30, 2025 A California Assembly committee advanced a bill designed to deal with the state’s wildfire and insurance crises. The California Safe...
Strengthen Oklahoma Homes Program to Hold Second Pilot Launch April 30, 2025 The Oklahoma Insurance Department is preparing for a second pilot launch of the Strengthen Oklahoma Homes Program, which provides up...
AM Best Revises Outlook to Negative for Missouri Valley Mutual Insurance Company April 30, 2025 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and...
People Moves: SiriusPoint Taps AIG’s Gibson as International Chief Underwriting Officer; Howden Appoints McLaughlin From Chaucer to Lead Howden Re Miami April 30, 2025 This edition of International People Moves details appointments at SiriusPoint and Howden. A summary of these new hires follows here....
Car Smashes Through Illinois Building, Killing 4 Young People and Injuring Others April 30, 2025 By John O'Connor A car smashed through a building Monday afternoon, killing four young people and injuring several others during an after-school program...
People Moves: Dorn Named to Maryland Insurance Administration Post April 30, 2025 Maryland Insurance Commissioner Marie Grant appointed Patricia Dorn as associate commissioner for consumer education and advocacy at the Maryland Insurance...
With Wildfire Suits Looming, Edison Beats Estimates on Lower Expenses, Rate Hikes April 30, 2025 Edison International beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from lower operating and interest...
Co-op Is Latest British Retailer to Be Hit by Cyberattack April 30, 2025 By James Davey and Paul Sandle Britain’s Co-op Group said on Wednesday hackers had attempted to break into its systems, the second high-profile cyber attack on...