Moody’s RMS, CoreLogic Add to Modelers’ Take on Milton Insured Losses October 18, 2024 By Chad Hemenway Moody’s RMS has pegged private insured losses from Hurricane Milton to between $22 billion and $36 billion, with a best...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene October 17, 2024 Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In...
Marsh McLennan Reports 6% Increase in Q3 Revenue October 17, 2024 By L.S. Howard Insurance broker Marsh McLennan reported a 6% increase in third quarter consolidated revenue to $5.7 billion, while revenue increased 5%...
Travelers Triples Q3 Net Income, Reverses Underwriting Loss October 17, 2024 By Chad Hemenway Travelers on Thursday said third quarter net income was $1.26 billion compared to net income of $454 million during the...
FTC Finalizes New Merger-Filing Requirements October 17, 2024 By Jody Godoy The U.S Federal Trade Commission on Oct. 10 finalized changes to a rule that determines what information companies must hand...
Stellantis Recalls 54,000 Hybrid SUVs Worldwide Over Brake Pedal Defect October 17, 2024 Carmaker Stellantis said on Wednesday it is recalling 54,000 hybrid crossover SUVs worldwide because the brake pedal in the vehicles...
Supreme Court Allows EPA Power Plant Pollution Curbs for Now October 17, 2024 By Greg Stohr The US Supreme Court let the Environmental Protection Agency move ahead with its stringent new emissions limits for power plants,...
Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
Meta Must Face State Lawsuits Over Teen Social Media Addiction October 16, 2024 By Brendan Pierson Facebook parent company Meta must face lawsuits by U.S. states accusing it of fueling mental health problems among teens by...
Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk October 16, 2024 Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from...