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AIG Q1 Underwriting Income More Than Halved on Wildfire Losses
May 1 2025 // American International Group (AIG) reported first quarter net income attributable to shareholders of $698 million, down 41.5% from the same period a year ago. First quarter underwriting income in AIG’s General...
The Hanover Reports 11% Growth in Q1 Net Income
May 1 2025 // First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q1 combined ratio was 94.1, and...
Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses
May 1 2025 // Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
Apr 30 2025 // Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis. If this trend continues, global...
Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects
Apr 30 2025 // The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization. They hoped an...
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses
Apr 30 2025 // Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment returns, the insurer said on Tuesday. The results mirror those...
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