Progressive Q4, Full Year Net Income Drop Over 40% January 26, 2022 Fourth quarter 2021 earnings at Progressive Corp. fell 43% compared with the same time period a year ago to $962.3...
Some U.S. Businesses Wary of Sanctions on Russia, Urge Safe Harbors, Exemptions January 26, 2022 By Timothy Gardner and Andrea Shalal U.S. President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin invades Ukraine, but some...
World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It January 26, 2022 By William Rabb If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is...
U.S. Surplus Lines Premium Up 22% in 2021 January 26, 2022 Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3 January 25, 2022 By Chad Hemenway Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends...
Insurance Technology: Great American, Assurely Offer D&O for Tech Startups; Tractable AI Assesses Building Damages; Pie Offers Pay-As-You-Go January 25, 2022 Great American Insurance and Assurely Offer D&O to Startup Firms The Executive Liability division of Great American Insurance Group and...
In 2021, Risk Managers Median Salary Hit $135K in U.S.; $120K in Canada January 25, 2022 Risk professionals at all levels in the United States experienced an average 14.4% base salary increase in 2021 compared to...
Now Safe Drivers Can Get a Break on Life Insurance January 25, 2022 Under a program being offered by Boston-based life insurer John Hancock, safe drivers can earn reward points towards discounts on...
Three States, D.C. Sue Google Claiming Location Tracking Violates Users’ Privacy January 25, 2022 By David Shepardson and Doina Chiacu Texas, Indiana, Washington State and the District of Columbia sued Alphabet Inc.’s Google on Monday over what they called deceptive...
Amazon Discloses Employee Injury Rates Compared to Peers January 25, 2022 By Jeffrey Dastin Amazon.com Inc .on Monday reported injury figures for 2020 showing worse-than-average safety rates in its U.S. warehouses but a better...