Allstate Starts Q3 With $313M in Catastrophe Losses in July August 18, 2023 Allstate Corp. said estimated catastrophe losses for the month of July were $313 million or $247 million, after-tax. July has...
Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch August 18, 2023 By Susanne Sclafane Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers,...
Ex-Trump Administration Officials Target Corporate Diversity Efforts August 18, 2023 By Daniel Wiessner Activision Blizzard Inc and Kellogg Co have joined a growing list of major U.S. companies to face claims from a...
Survey Finds Homeowners Are Putting Off Repairs, Reducing Homeowners Coverage August 18, 2023 Many U.S. homeowners are delaying home repairs, potentially putting their property at risk of damage, according to the latest Nationwide...
Fitch Downgrades Kemper’s Trinity Universal P/C Subsidiary August 17, 2023 By Chad Hemenway Fitch Ratings said it has downgraded the financial strength rating of Kemper Corp’s Trinity Universal Insurance Company to A- (Strong)...
Markets/Coverages: Cover Whale, CoverWallet Partner on Trucking Insurance August 17, 2023 Insurtechs Cover Whale and Aon’s CoverWallet said they have partnered on providing commercial trucking insurance. The collaboration brings together Cover...
Allstate Agrees to Settle With Shareholders for $90 Million August 17, 2023 By Chad Hemenway To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million...
Social Media Investigations Are a Winning Strategy for Insurers August 17, 2023 By Jim Sams If you’re a plaintiff in an injury lawsuit against your insurer, you might want to ask your wife not to...
More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance August 17, 2023 By Don Jergler Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses...
Legal, Ethical Questions on Autopilot Endure as Criminal Case Against Tesla Driver Ends August 17, 2023 By Tom Krisher and Stephanie Dazio A criminal prosecution against a Tesla driver in Los Angeles County could end next month, the final step of a...