Industry News
CNA Records 50% Drop in Q3 Net Income
Net income at CNA Financial Corp. was down 50 percent for the third quarter of 2022 compared to the prior year quarter, while property/casualty core income grew on improved underwriting ...
CVS, Walgreens and Walmart to Pay $13.8B to Settle U.S. Opioid Claims: Sources
CVS Health Corp, Walgreens Boots Alliance Inc. and Walmart Inc. have tentatively agreed to pay about $13.8 billion to resolve thousands of U.S. state and local government lawsuits accusing the chains ...
Everest Unveils Refreshed Brand, Reflecting Commitment to ‘Underwrite Opportunity’
Everest Re Group Ltd., the Bermuda-based re/insurer, has unveiled a refreshed brand, including a new logo and visual identity reflecting its positioning and commitment to "underwrite opportunity" for ...
Progressive Easing Up on Rate Hikes; Flo Coming Back to a State Near You
Progressive's Flo won't reappear on TV screens in every state, but the insurer she pitches for is comfortable pursuing business growth, company leaders said yesterday. That means potentially using ...
Tech Bytes: New Partnerships at OneShield, FCCI Insurance Group, NeuralMetrics
OneShield has announced a strategic partnership with digital experience platform Airkit Inc. Airkit's templated insurance products give OneShield clients the capability to implement applications that ...
Executives on the Move at The Hartford, Fortitude Re
The Hartford has named Tracey Ant head of Middle & Large Commercial Business Units effective Jan. 1. In this newly created role, she will oversee all Middle & Large Commercial business units, ...
Can More Rigorous Accounting Lead to Fewer Workplace Injuries?
Businesses that want to make their workplaces safer might try adopting a more rigorous accounting system, according to a new study that found a link between a firm's workplace injuries and the ...
Insurer AIG Profit Slumps As Investment Income Falls
Insurer American International Group on Tuesday reported a more than 39 percent decline in quarterly profit as investment income fell by more than $1 billion and losses from Hurricane Ian pushed up ...