Content from Chad Hemenway
Allstate Q2 Income Eclipses $2B as Auto Turns in Combined Ratio of 86
Allstate Corp. second quarter 2025 net income applicable to common shareholders was about $2.1 billion, far exceeding the $301 million booked for the same quarter a year ago. The result this year ...
Industry Trades Throw Support Behind Bill to Affirm State Regulation of Insurance
The National Association of Mutual Insurance Companies (NAMIC) is supporting a bill first introduced more than 18 months ago to limit the authority of the Consumer Financial Protection Bureau and ...
Some Large Accounts Start Seeing Chubb’s Back as It Focuses on Middle, Small
The global middle market and small commercial is where it's at for Chubb, according to its CEO. "The pattern of growth and opportunity continues," Evan G. Greenberg said on a call with analysts to ...
Chubb Q2 Net Income Jumps 33% on Premium Growth, Underwriting
Chubb followed up a challenging first quarter due to the California wildfires with second-quarter net income of nearly $3 billion, up about 33 percent compared to the same quarter a year ago. ...
Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves
The Travelers Cos. increased second-quarter net income $975 million for a total of about $1.5 billion, and reversed an underwriting loss posted last year for the same period. Travelers' ...
Tax Hike on Litigation Funders Did Not Make Final Budget Bill
When Trump's huge tax bill was signed into law July 4, missing were changes to the taxes third-party litigation funders pay. Once included within the One Big Beautiful Bill (OBBB) was language to tax ...
Insurance Sector Should Be on the Lookout for ‘Scattered Spider’ Hackers
Watch out, insurance industry. A well-known cybercrime group appears to have shifted focus to insurers. Apparently, recent cybersecurity incidents at Erie Insurance, Philadelphia Insurance Cos., and ...
Insurance Industry Rejects Proposed Moratorium on State AI Regulation
A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI ...