Travelers Estimates Drop in Q4 Income on Winter Storm Losses
Travelers Companies released an estimate of $459 million in pre-tax catastrophe losses during the fourth quarter and expects to report net income of $819 million for the ...
Industry News
USAA Commits $20 Million to Advance Economic Mobility for Underserved Communities
USAA announced it has committed $20 million to nearly 50 nonprofit organizations as part of its three-year, $50 million commitment made in late 2020 to advance diversity, ...
MetLife Reunites With Snoopy to Build Pet Insurance Awareness
MetLife Pet Insurance is once again partnering with "Peanuts" canine Snoopy — this time to build greater awareness of the importance of pet health insurance, noting ...
Investment Activities Don’t Cut It; Underwriters Create Value: ACORD
"Sustainable value creators" among the 100 largest property/casualty insurance carriers generated more value through underwriting than through investment activities over a 20-year study period, ...
Bold Movers and Losers: Incumbents Need to Act While InsurTechs Stumble
At a time when InsurTechs face major headwinds and incumbent insurers benefit from market tailwinds, it's time for the traditional insurers to make bold strategic moves, McKinsey partners said in a ...
W.R. Grace Offers $18.5M to Settle Montana Asbestos Claims
The owner of a former vermiculite mine in northwestern Montana that spread harmful asbestos in and around the town of Libby has offered $18.5 million to settle the last of the state's claims for ...
NOAA: Ian, Drought Supercharged U.S. Weather Extremes in 2022
Costly weather disasters kept raining down on America last year, pounding the nation with 18 climate extremes that caused at least $1 billion in damage each, totaling more than $165 billion, federal ...
U.S. Climate Disasters Racked Up $165B in Damage in 2022
A massive hurricane, a historic drought and 16 other major disasters across the U.S. collectively racked up $165 billion in damages and killed at least 474 people in ...
Executives on the Move at Liberty Mutual, Earnix, Philadelphia Insurance
Liberty Mutual Insurance announced the appointment of Meg Sutton as chief operating officer for Global Risk Solutions (GRS) North America and Taylor Archambault as senior ...
