News
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory ...
Taylor Swift Cancellations Deal Blow to Insurers: Sources
Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be canceled, though several providers will share out the hit, two people involved in ...
Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report
Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers' credit profiles, according to credit agency Morningstar DBRS, in ...
CoreLogic: 2.6M U.S. Homes at Moderate to High Wildfire Risk
Changing weather patterns and extreme weather are factors leading to more frequent wildfires. New analysis indicates more than 2.6 million homes across 14 states are at moderate to very high risk of ...
U.S. Manufacturers Face Soaring Property Insurance Costs
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it's ...
U.S. Safety Agency Seeks Info From Tesla on Fatal Texas Cybertruck Crash
Federal safety authorities say they are seeking information on a crash and fire involving a Tesla Cybertruck that killed a driver of the futuristic new pickup. The National Highway Traffic Safety ...
Liberty Mutual’s ‘Deliberate Actions’ Keep It on Path to Profit
Liberty Mutual Holding Co. continued to put 2023's losses behind it and carefully manage growth in 2024, reporting consolidated net income of $717 million for the second quarter versus a net loss of ...
Labor Market Study: 14% of Carriers Plan to Reduce Headcount
Fourteen percent of insurance companies plan to reduce employee headcount in the next year, according to numbers from Aon and The Jacobson Group's latest insurance labor market study. Jeff Rieder, ...