Industry News
Progressive Puts Targeted 96 Combined Ratio in the Books for 2022
In a report on financial results for the month of December, which was published on Tuesday, Progressive revealed that the company met its frequently stated goal of posting a 96 combined ratio again ...
Cowbell Launches eLearning Academy Dedicated to Cyber Insurance
Cyber insurer Cowbell on Wednesday announced the launch of Cowbell Academy, a new institution that offers insurance agents and brokers lessons on cyber insurance. The program includes general classes ...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year
Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon. Roughly 42 percent of economic losses were ...
We Insured FTX
Late last year, the leader of a Bermuda insurance company specializing in coverage for emerging sectors, including the digital asset ecosystem and companies working in cannabis and psychedelics, ...
Auto Insurance Shopping – and Switching – Increases
Drivers are not only shopping around for auto insurance more than ever, they are switching carriers. According to a quarterly report from J.D. Power, in collaboration with TransUnion, the quote rate ...
At-Bay Acquires Licensed P&C Insurance Carrier
Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier. "This milestone will allow ...
Q4 Net Income at Travelers Falls 39%
Travelers Cos. this morning reported fourth quarter net income of $819 million, a decrease of about 39% from $1.3 billion a year ago during the same time. The insurer's Q4 combined ratio increased ...
The Latest Launches from The Fortegra Group, Embroker, kWh Analytics
The Fortegra Group, Inc., a global specialty insurer and subsidiary of Tiptree Inc., announced the launch of a catalytic converter theft deterrent product under the company's Smart AutoCare brand. ...