Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk January 22, 2024 By Gautam Naik and Sheryl Tian Tong Lee For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The...
GM Financial Rebranding OnStar Insurance as General Motors Insurance January 19, 2024 By Chad Hemenway GM Financial earlier this week said it is rebranding its OnStar Insurance to General Motors Insurance, with plans for market...
Travelers’ Q4 Net Income Skyrockets as Personal Lines Reverses Underwriting Loss January 19, 2024 Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time last...
Allstate Q4 2023 Reserve Charge Near $200M January 19, 2024 Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings—among them a $199 million non-catastrophe reserve charge. The...
People Moves: Zurich N.A. Names Chai CRO; World Insurance Associates Names Peterson Chief Growth Officer January 19, 2024 Zurich North America names Chai Chief Risk Officer Zurich North America appointed Ann Chai as chief risk officer. She is...
Markets/Coverages: Hub International Starts Property Practice January 19, 2024 Brokerage Hub International announced Jan 18 that it is today the launch of the HUB Property Practice. Blake Giannisis, who...
Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24 January 19, 2024 Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings...
Mother of Child Who Died in TikTok ‘Blackout Challenge’ Asks Court to Revive Lawsuit January 19, 2024 By Nate Raymond A U.S. appeals court on Wednesday wrestled with whether the video-based social media platform TikTok could be sued for causing...
10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023 January 18, 2024 By Chad Hemenway According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a...
Fishing Fee Case May Lead Supreme Court to Limit US Agency Powers January 18, 2024 By Greg Stohr and Jennifer A. Dlouhy The US Supreme Court questioned a longstanding legal doctrine that gives federal agencies wide berth to interpret unclear laws as...