News
Catastrophe Losses Hinder Chubb Q1 Net Income
First-quarter net income at Chubb Ltd. fell several percentage points to about $1.9 billion as catastrophe losses evened gains in premiums written. P&C underwriting income was about $1.21 ...Colorado Passes First Law Allowing Farmers ‘Right to Repair’ Machines
Colorado became the first state to ensure farmers can fix their own machines after the governor signed a "right to repair" law this week, which forces manufacturers to provide their customers with ...
Roof Damage Research: Small Hail Matters
New analysis by the Insurance Institute for Business & Home Safety (IBHS) and ZestyAI, a climate and property risk analytics provider, finds property/casualty insurance carriers need to broaden ...
Poll Finds Extreme Weather an Almost Universal Experience in the U.S.
An overwhelming majority of people in the United States say they have recently experienced an extreme weather event, a new poll shows, and most of them attribute that to climate change. The findings ...
Policygenius to Be Acquired by Zinnia
Online insurance marketplace Policygenius is being acquired by Zinnia, a life and annuity insurance technology and digital services company. Zinnia said the acquisition expands its reach into digital ...
Montana Pollution Lawsuit Could Limit Aerial Fire Retardant Use
A legal dispute in Montana could drastically curb the government's use of aerial fire retardant to combat wildfires after environmentalists raised concerns about waterways that are being polluted ...
Munich Re Specialty Appoints New CEO; Executive Moves at Chubb, Ascot
Munich Re Specialty Insurance (MRSI) appointed Sabrina Hart as president and chief executive officer, effective May 1. Hart has served as interim CEO since January 2023 when former CEO Michael Kerner ...
Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry
Despite cybersecurity experts' repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password ...