News
Chubb Posts Record P/C Underwriting Income for Q4 and 2024
Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8 percent during the last quarter of 2024. Fourth-quarter net income was down 22 percent to about $2.6 billion ...
Natural Catastrophes Insurance Protection Gap Stands at 60%: WTW
Last year was the first year that exceeded 1.5°C (2.7°F) warming above pre-industrial levels, resulting in an estimated 60 percent insurance protection gap for natural catastrophes, according to ...
Companies Race to Ship Goods to the U.S. Ahead of Possible Tariffs
In recent months, plenty of business executives have said they were taking a wait-and-see approach to U.S. President Donald Trump's broad threats of tariffs. Early holiday-quarter earnings reports ...
Corporate Transparency Act on Hold After Supreme Court Lifts Injunction
Small businesses are still not required to register with an agency called the Financial Crimes Enforcement Network, or FinCEN — for now. The registration is part of the Corporate Transparency Act, ...
InsurTechs Highlight New Approaches to Wildfire Insurance
Years before the January 2025 Palisades and Eaton fires sparked in high-wind conditions in Southern California, growing to rank among the top three most destructive in U.S. history, InsurTechs ...
Progressive ’24 Net Income More Than Doubles; Combined Ratio Below Target
Progressive reported net income of $8.5 billion for 2024, more than double the $3.9 billion figure reported for 2023, with underwriting profit coming in well below the company's annual target. ...
New OSHA Rule Requires Fitted PPE for Construction Workers
A revision to OSHA's personal protective equipment standard for construction workers went into effect on Jan. 13, 2025. The final rule explicitly requires the equipment to properly fit any ...
AI Vehicle Inspection Startup UVeye Raises $191M
UVeye, a startup that uses AI-driven technology to inspect vehicles to avoid defects and target repairs, said on Wednesday it has raised $191 million in debt and equity to scale up production in ...