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California Cuts PG&E’s and Edison’s Profits for Grid Investments
Dec 19 2025 // California regulators reduced the profit that utilities are allowed to make on infrastructure investments in an effort to rein in soaring electricity bills. Related: Massive Wildfire Liabilities Push Utilities to Use AI to...
Former National General Loss Rep and Mom Charged With Fake Claims Scam
Dec 18 2025 // A former loss representative for National General Insurance Co. and his mother allegedly ran a scheme in 2022 that involved false claims, a fake towing company and a $141,000 loss for the insurer. Horace Kelly, 40, and his...
LA Fires and US Severe Convective Storms Drive Insured Losses of $107B in 2025
Dec 16 2025 // Insured losses from natural catastrophes will surpass US$100 billion mark in 2025 for the sixth consecutive year – driven mainly by January’s record Los Angeles wildfires as well as severe convective storms (SCS)...
Swiss Re Shares Drop After New Profit Target Falls Short of Expectations
Dec 5 2025 // Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that fell short of market expectations. The Zurich-based company said it was aiming for group net income...
Profits Versus Christmas Cheer—A Good-Business Lesson
Dec 5 2025 // This post is part of a series sponsored by Old Republic Surety. Dan Pope, Senior Vice President of Underwriting at Old Republic Surety, learned a lesson as a young surety rep about the most important numbers at a...
Hong Kong Fire to Hurt Taiping Insurance Earnings, Fitch Says
Dec 4 2025 // The deadly fire that ripped through seven high-rise towers in Hong Kong is expected to result in a surge in near-term claims among insurers, and hit earnings of the complex’s main underwriter, an affiliate of China...
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