Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects April 30, 2025 By Jack Brook The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials...
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses April 30, 2025 By Ateev Bhandari Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment...
Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return April 29, 2025 Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation,...
Progressive Insurance Is Hiring Again; 12,000 More People Needed April 29, 2025 By Susanne Sclafane Almost a year to the day after Progressive announced it would hire more than 10,000 people to fill claims, IT...
Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes April 29, 2025 By Chad Hemenway Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755...
New Report Shows Rise in Cargo Theft, With Three States Leading the Way April 29, 2025 Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of...
Increased Writings in Homeowners Adds to US Surplus Lines Growth April 29, 2025 By Chad Hemenway Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted...
NOAA Risks Loss of Data Network and Web Service April 29, 2025 By Lauren Rosenthal A key contract that supports the network service provider for the US National Oceanic and Atmospheric Administration is set to...
23andMe Bankruptcy Bid Deadline Extended as DNA Privacy Woes Linger April 29, 2025 By Steven Church The sale of the bankrupt DNA data bank 23andMe is facing delays as the company tries to find a lead...
Brokers Aon and WTW Each Report Steady Organic Growth of 5% in Q1 April 28, 2025 By L.S. Howard The brokers Aon and WTW both reported organic revenues of 5% for the first quarter of the year, level with...