Industry News
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 ...
The 2025 Palisades and Eaton Fires: All the CM News So Far (Slideshow)
With conditions and loss estimates changing since wildfires began burning in California in early January, there has been a lot of content for insurance industry leaders to absorb. To help readers to ...
Where Homeowners Rates Are Rising—and Who Is Raising Them Most
According to a new analysis of homeowners insurance rates, some Midwest states saw the biggest jumps in premiums last year—and American Family Insurance topped a list of 10 insurers ranked by ...