Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal May 8, 2025 Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s,...
Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI May 5, 2025 By Susanne Sclafane He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the...
Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses May 1, 2025 By Chad Hemenway Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due...
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...
New York High Court Unleashes Expanded Liability for Pet Owners April 28, 2025 By Andrew G. Simpson Dog and other pet owners and insurers in New York are now exposed to increased risk of liability in the...
Maryland Slashes Damages Amounts Allowed in Child Sex Abuse Cases April 24, 2025 By Andrew G. Simpson Maryland, which in 2023 passed the Child Victims Act (CVA) that allows survivors who were victims of sexual abuse as...
Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive April 23, 2025 By Ezra Amacher A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting...
Business Moves: Ignyte, Novacore Spin Off From NSM Commercial Business Sale April 22, 2025 Ignyte and Novacore have launched following the recent sale of NSM Insurance Group’s U.S. commercial business to investment firm New...
Ryan Specialty to Acquire USQRisk Holdings April 22, 2025 Global specialty insurance broker Ryan Specialty has agreed to acquire certain assets of USQRisk Holdings, LLC, a New York-headquartered managing...
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B April 21, 2025 By L.S. Howard Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 –...