Progressive Net Income More Than Doubles in 2024 January 29, 2025 Progressive Corp. said its fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the...
Chubb Posts Record P/C Underwriting Income for Q4 and 2024 January 29, 2025 By Chad Hemenway Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth quarter...
People Moves: Ignite Specialty Names Patel US Head of IP Underwriting; QBE North America Hires Finnis as SVP of Distribution January 29, 2025 Ignite Specialty Risk Names Patel as US Head of Intellectual Property Underwriting Ignite Specialty Risk, headquartered in London, appointed Ankit...
Growth of Pet Insurance Continues as Market Could Reach $4.5B January 29, 2025 By Jahna Jacobson Any pet owner who has been hit by sticker shock at the vet’s office understands why pet insurance is a...
US Economic Losses From Natural Disasters Soared in 2024 January 29, 2025 By Alex Veiga Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting...
2025 Agency Salary Survey: Deadline Approaching January 28, 2025 It’s the final days to take this year’s Agency Salary Survey. All respondents will receive a copy of the report...
APCIA: Insurance Markets Work Best Without Excessive Price Regulation January 28, 2025 The American Property Casualty Insurance Association (APCIA) recently released a report that concludes over-regulation impedes insurance markets “Insurance markets function...
AIG’s Hancock to Lead Global Personal Lines as Insurer Restructures Businesses January 28, 2025 American International Group (AIG) said it is organizing into three segments and Jon Hancock will lead two of them. Hancock...
Everest Group Boosts Casualty Loss Reserves $1.7 Billion January 28, 2025 By Susanne Sclafane Everest Group preannounced full-year 2024 earnings yesterday, disclosing about a 45% drop in net income attributable to a $1.7 billion...
UnitedHealth Says Hack at Tech Unit Impacted 190 Million People January 28, 2025 The cyberattack at UnitedHealth Group’s tech unit last year affected the personal information of 190 million people, the health conglomerate...