Industry News
Insurance Industry Labor Market Remains Stable: Report
A majority of carriers (86 percent) intend to increase or maintain their staff sizes in the next 12 months, according to Jacobson's Q3 2024 Insurance Labor Market Study. The Bureau of Labor ...
Swiss Re Execs Sleeping Well After $2.4B Q3 Reserve Boost
While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re's executives sleep better on a bigger cushion, across the industry, worsening trends in U.S. liability loss costs ...
Allstate Insurers Sue Hyundai, Kia to Pay for Claims From Defective Cars
A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid to insureds for damages when their cars suddenly erupted in flames. According to the ...
Hurricanes Helene, Milton Pressure NFIP; Expected Loss Ratio 200%
The National Flood Insurance Program (NFIP) is expected to face total losses between $8.2-10.5 billion for 2024, leading to a loss ratio above 200 percent before accounting for loss adjustment ...
‘Make America Healthy Again’: RFK Jr. Wins Over Fans by Stoking Food Toxin Fear
"Make America Great Again" has long been a signature phrase at Donald Trump's rally speeches. Its recent offshoot, "Make America Healthy Again" or MAHA, is now spreading on social media as fitness ...
Safeco to Take Personal Lines Renewal Business of Main Street America
Liberty Mutual's Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time in two months that Safeco has stepped in to assume a personal lines ...
Envelop Risk Launches Underwriting Division, Naming Ex-Dale Underwriter Peters CEO
Envelop Risk, the reinsurance managing general agent and analytics specialist, announced the launch of Envelop Underwriting, which will encompass all existing cyber underwriting activities: Envelop ...
FEMA Fires Manager Who Told Staff to Skip Homes With Trump Signs
A Federal Emergency Management Agency employee who ordered workers to bypass homes with yard signs supporting President-elect Donald Trump has been fired, the agency's head said Saturday. "This is a ...