Allstate Turns in Net Income of $1.2B After Q3 Hurricanes October 31, 2024 By Chad Hemenway Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to...
FTC Antitrust Merger Rules Issued After Rare, Bipartisan Compromise October 30, 2024 By Leah Nylen A new US antitrust rule requiring companies to give the government more information on their mergers and acquisitions came with...
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability October 30, 2024 By Christopher Graham Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for...
JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral October 30, 2024 By Jonathan Stempel JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking...
McDonald’s Sued by Consumers in Proposed Class Action Over E.Coli Outbreak October 30, 2024 By Jonathan Stempel McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions...
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income October 29, 2024 Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter...
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon October 29, 2024 By L.S. Howard The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above...
J&J’s $8.2 Billion Talc Settlement Faces January Court Test October 29, 2024 By Jef Feeley The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to...
Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’ October 29, 2024 By Tony Buckle and John Carolin Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface...
People Moves: The Hartford Announces Leadership Appointments In Global Specialty October 29, 2024 The Hartford, headquartered in Hartford, Connecticut, has expanded Michael Garrison’s role to include the international division in addition to his...