News
California Climate Bills Requiring Broad Disclosures Have National Implications
A pair of California bills requiring large companies to report emissions from across their supply chains and creating more stringent reporting of climate-related impacts could have implications ...
Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes
As it had warned last month, Allstate Corp. reported a fourth-quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in revenue. Results were in comparison to net income ...
The Hanover Reports $11M Q4 Loss
The Hanover Insurance Group reported a fourth-quarter 2022 loss of $11.6 million, driven by widespread catastrophic losses from Winter Storm Elliott. Results were in comparison to net income of ...
Insurance Groundhogs Have Their Day: Some Primary Prices Need to Go Higher
Sure, it's nice to know whether Spring is around the corner or more than a month away, but what about insurance market conditions? How long will a hard market last in many lines? Are insurance prices ...
Marsh: Global Commercial Insurance Pricing Up 4% in Q4 2022
Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in the third quarter and a 9% increase in the second quarter, according to the Global Insurance ...
Gallagher Re: InsurTech Funding Falls to Lowest Quarterly Level Since 2020
At $1.01 billion, global InsurTech investment fell in the fourth quarter of 2022 to its lowest quarterly level since the first quarter of 2020 and declined 57.0% from the third quarter of 2022, ...
The Latest Launches from ExecutivePerils, Corvus, Hippo
ExecutivePerils, a DOXA Insurance Holdings company and independent wholesaler, announced the launch of its new insurance policy, EPL+WHIP. This new product combines wage and hour insurance protection ...
Insurers Leery of Hyundais and Kias Famous on Social Media for Being Easy to Steal
Social media influencers and an insurance industry think tank are giving Hyundai and Kia vehicles the worst kind of publicity: Many of the cars the company sold are easy to steal. In the past week, ...