Executives on the Move at AIG, Chubb, MGT
American International Group said it is organizing into three segments and Jon Hancock will lead two of them.
Hancock will continue to ...
Industry News
W.R. Berkley Posts Record Year With Q4 Net Income Up 45%
Fourth-quarter 2024 net income at W.R. Berkley Corp. jumped 45 percent compared to a year ago to about $576 million. For the year, the Greenwich, Conn.-based commercial insurer said it booked record ...
How Competitive Is E&S Property? Exec Views Vary
E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of specialty insurers offering commentary were not perfectly in ...
Everest Group Boosts Casualty Loss Reserves $1.7B
Everest Group, Ltd. pre-announced full-year 2024 earnings yesterday, disclosing about a 45 percent drop in net income attributable to a $1.7 billion boost in its casualty insurance reserves. The ...
Insurance Labor Market Study Open Until Feb. 2
The first-quarter 2025 Semi-Annual U.S. Insurance Labor Market Study, conducted by The Jacobson Group and Aon plc, is now open through February 2. The study has provided valuable insights on ...
The Road Ahead: Top Insurance Trends Shaping 2025
As technology rapidly advances, customer expectations skyrocket and economic uncertainty looms, the insurance industry stands at a pivotal crossroads. Compounding these issues, talent shortages ...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
The Los Angeles wildfires could consume more than 30 percent of the aggregate natural catastrophe budgets set for 2025 by Europe's four largest reinsurers – Swiss Re, Munich Re, Hannover Re and ...
Allstate, Arity Legal Troubles Mount; Class Action Filings Allege Privacy Violations
Allstate and its data subsidiary. Arity, are facing new legal challenges detailed in class action filings, which allege they violated federal and state privacy laws to collect driving data. Several ...
Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors
California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles wildfire survivors. Lara's Jan. 23 order is designed ...