Extreme Weather Is Nearly Universal Experience: Poll April 28, 2023 By Hannah Fingerhut An overwhelming majority of people in the U.S. say they have recently experienced an extreme weather event, a new poll...
Markel Returns to Q1 Net Income Profit on Investment Gains April 27, 2023 By Chad Hemenway Markel Corp. reported first quarter 2023 net income of $537.8 million compared to a loss of about $48.8 million a...
Markets/Coverages: Clearcover, Experian Team on Embedded Auto Insurance Solution April 27, 2023 Digital car insurer Clearcover Insurance Company, said April 26 that it launched an embedded insurance solution in which consumers receive...
Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh April 27, 2023 Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to...
AIG, Stone Point Finalize Deal to Start MGA for High Net Worth Business April 27, 2023 American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client...
Norfolk Southern Estimates That Ohio Derailment Cost $387M April 27, 2023 By Josh Funk Norfolk Southern expects February’s fiery Ohio derailment to cost it $387 million, but that total will likely increase over time...
Q1 2023 M&A Transactions Lowest Since 2019 April 27, 2023 By Jahna Jacobson This year’s first-quarter insurance agency mergers and acquisitions were down to the lowest total since Q1 2019, according to a...
A Record Start to the 2023 U.S. Tornado Season April 27, 2023 By James Cosgrove and Steve Drews The U.S. has experienced a record number of tornadoes in the first three months of 2023 according to preliminary data...
Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry April 27, 2023 Despite cybersecurity experts’ repeated warnings, the insurance sector, along with other industries, is not doing a great job when it...
Uber Drivers Are Not Interstate Workers Exempt From Arbitration, Court Rules April 26, 2023 By Daniel Wiessner Uber Technologies Inc drivers are not exempt from a U.S. law requiring them to bring work-related legal disputes in private...