AIG’s CEO Sees Pandemic, Wars and Climate Change Among Biggest Risks October 20, 2023 By Max Reyes American International Group Inc. Chief Executive Officer Peter Zaffino said the biggest challenge to the insurance sector over the last...
Allstate Says Q3 Catastrophe Losses Were $1.2 Billion October 19, 2023 Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about...
S&P: Struggles in Personal Auto Insurance to Subside Slower Than Expected October 19, 2023 By Allen Laman S&P Global Market Intelligence projects that personal auto results will improve from 2022’s worst-in-decades combined ratio of 112.2%, though not...
The Hanover Expects $196M in Q3 Catastrophe Losses October 19, 2023 Ahead of its third quarter earnings announcement early next month, The Hanover Insurance Group released a preliminary estimate of catastrophe...
Markets/Coverages: Atlas General Announces Workers’ Comp Program With Sompo October 19, 2023 National multi-line program administrator Atlas General Insurance Services, an RPS Company, announced the addition of a new workers’ compensation insurance...
Risk Strategies, One80 Intermediaries Reorganize Under Accession Brand October 19, 2023 Risk Strategies and One80 Intermediaries on Oct 18 announced an internal reorganization to operate under the newly introduced Accession Risk...
Appeals Court Upholds Nasdaq Board Diversity Rule October 19, 2023 By Jody Godoy A U.S. appeals court upheld Nasdaq’s board diversity rule on Wednesday, requiring companies listed on the exchange to have women...
J&J Weighs Third Bankruptcy Try to Settle Baby Powder Suits October 19, 2023 By Steven Church and Jef Feeley Johnson & Johnson said it is weighing a third attempt to use bankruptcy for an $8.9 billion settlement of tens...
Travelers Q3 Net Income Down 11% on Catastrophe Losses, Reserve Development October 18, 2023 By Chad Hemenway Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe...
Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding October 18, 2023 Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round,...