Industry News
Clear Intent to Exclude Named Storms Not Enough to Deny Coverage
In 2015, the Shiloh Christian Center in Melbourne, Fla., cut its property insurance premiums in half by asking its insurer to drop coverage for named windstorms. Hurricane Matthew struck the next ...
CSU Research Team Forecasts Slightly Below Average 2023 Hurricane Season
The hurricane research team at Colorado State University in its early forecast of the 2023 Atlantic hurricane season is predicting slightly below-average activity. The CSU Tropical Meteorology ...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 than 2022, but the combined ratio is still going to hover above breakeven, according to ...
The Latest Launches From Berkley Select, ZestyAI, Coalition
Berkley Select has enhanced its lawyers professional liability offerings, adding new coverages, more flexible policy forms and expanded capacity. Berkley Select's lawyers professional liability ...
Reserve Hits Push Progressive Q1 Combined to 99; Fla. Impact Noted
Progressive's combined ratio for the first quarter came in just a point under breakeven, with 4.6 points of the 99 combined ratio across all lines attributable to unfavorable loss reserve ...
The Hartford Reveals Preliminary Income Figures for First Quarter
Two weeks before its officially set to announce earnings, The Hartford previewed first-quarter net income and underwriting results, revealing that net income will grow to $530 million, in spite of ...
Tech Bytes: New Partnerships at Falvey, bolttech, AkinovA
Falvey partnered with Canopius U.S. and is accepting inland marine submissions following the recent appointment of the team at Falvey Insurance Group. Inland Marine products offer terms and ...
U.S. Proposes 56% Vehicle Emissions Cut by 2032, Requiring Big EV Jump
The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles ...