Markets
Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Q1 Net Income of $1.1B
Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review. The iptiQ business lost $250 million in 2023, but the loss was projected to be ...
Over 700 Tornado Reports Filed in 2024, Above Historical Average: AccuWeather
Approximately 700 preliminary tornado reports have been filed so far in 2024, above the historical average for this time of year, according to AccuWeather Global Weather Center. The roughly 700 ...
Carriers Focus on Renewal Retention as Auto Insurance Buyers Shop
Shoppers in the U.S. aren't ready to accept higher auto insurance rates, choosing to shop around for the best deal and coverage, a new report finds. U.S. consumer auto insurance shopping activity ...
Buffett’s Berkshire Reveals $6.7B Stake in Insurer Chubb
Warren Buffett's Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in ...
Patents for Sale? State Farm Reveals Website of Inventions
State Farm announced that it has launched a new website to showcase some of its patented technology, and making it available for licensing, purchase or collaboration opportunities. "State Farm is ...
NCCI Workers Comp Report Highlights a Healthy Line
The performance of the U.S. workers compensation system remains strong according to the 2023 metrics released yesterday by the National Council on Compensation Insurance (NCCI). Private carriers ...
Farmers to Resume Offering Key Lines of Business Insurance in California
Farmers Insurance says it will resume accepting new business commercial multi-peril applications for auto service & repair, habitational, manufacturing, real estate and wholesale distribution ...
EverPeak Launches, Offers Workers Comp for Hard-to-Place Industries
EverPeak Insurance, in partnership with an "A"-rated national carrier to provide financial backing for its policies and supported by the nationally top-rated workers comp carrier Pinnacol Assurance, ...