Georgia Lawmakers Must Now Fix Differences on Bill to Boost Hurricane Helene Relief March 3, 2025 By Jeff Amy ATLANTA (AP) — Georgia’s state Senate wants to boost spending on Hurricane Helene relief even more, including creating a grant...
Maryland’s Largest Workers Comp Insurer Files for 8% Rate Cut March 3, 2025 Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April...
State Farm 2024 Underwriting Losses Shrink on Auto Results March 3, 2025 By Susanne Sclafane After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss...
Consumer Trust Issues Hinder Industry Efforts to Close Protection Gap: Survey March 3, 2025 By Susanne Sclafane Most insurance executives surveyed last year believe they have “an ethical obligation” to close the protection gap—and also believe that...
Price Forbes Re Taps Aon’s Power for Alternative Risk and Capital Solutions; AXA XL Promotes Kilshaw as Head of Broker Mgmt., Alternative Distribution, UK & Lloyd’s March 3, 2025 This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new...
UK Terrorism Reinsurer Pool Re Completes Expanded Retrocession Placement of £2.75B March 3, 2025 Pool Re, Britain’s government-backed terrorism reinsurer, has completed placement of a new retrocession programme with more than 60 international reinsurers....
Japan Battles Worst Wildfire in 40 Years Amid Record Dry Season March 3, 2025 By Will Wade Japan is battling its worst wildfire in four decades, forcing thousands of people to flee amid some of the driest...
South Korea’s New Lithium Battery Rules on Planes Highlight Growing Risk for Aviation March 3, 2025 By Lisa Barrington South Korea tightened rules on carrying lithium batteries on planes from Saturday, highlighting a growing risk to flights worldwide from...
Optio Group Acquires Norwegian-Based Marine Hull Specialist MGA, S Insurance March 3, 2025 Optio Group, the London-based independent specialty MGA, announced it has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an...
SEC’s ‘Demolition’ of Crypto Enforcement Met With Cheers as Well as Jeers March 3, 2025 By Emily Nicolle The US Securities and Exchange Commission has kicked off the new year with a makeover, wiping clean its slate of...