Progressive Q4 Net Income Up 141% as Combined Ratio Exceeds Goal for 2023 January 24, 2024 By Chad Hemenway Progressive Corp. today said fourth quarter 2023 net income jumped to nearly $2 billion compared to about $826 million a...
SEC to Impose Tougher Rules on Blank-Check Deals as SPACs Fizzle January 24, 2024 By Lydia Beyoud Wall Street’s main regulator on Wednesday is set to demand more investor protections for deals involving special purpose acquisition companies,...
Markets/Coverages: MGA Sands Point Risk Launches With Transaction Liability Practice January 24, 2024 Sands Point Risk, a new managing general agent to be led by the founder of transaction risk solutions at DUAL,...
US Insurers Optimistic, Open to Take More Investment Risk in 2024: Conning January 24, 2024 Most U.S. insurers plan to take on more investment risk in 2024, and said the risks associated with the use...
Compared to Prior Quarter, All Commercial Lines Saw Renewal Rate Up in Q4: Ivans January 24, 2024 Ivans Index found the average premium renewal rate increased year-over year for all major commercial lines except workers’ compensation, but...
Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023 January 24, 2024 Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report....
SEC Blames ‘SIM Swapping’ for its X Account Hack January 23, 2024 By Douglas Gillison Wall Street’s top regulator was the victim of “SIM swapping,” a technique internet fraudsters use to seize control of telephone...
J&J Agrees to Resolve Talc Investigations in 42 States January 23, 2024 By Jonathan Stempel Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by U.S. states into whether...
Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product January 23, 2024 Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded...
US Appeals Court Revives Mexico’s $10B Lawsuit Against Gun Maker January 23, 2024 By Nate Raymond A U.S. appeals court on Monday revived a $10 billion lawsuit by Mexico seeking to hold American gun manufacturers responsible...