News
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation
Rate increases in Allstate's auto insurance business are in integral part of the insurer's overall plan to address the impact of inflation. Wednesday during a conference call with analysts to discuss ...
CM’s InsurTech Summit Addresses Risks, Opportunities From Industry Disrupters
It's no question that recent catastrophic events—a global pandemic, extreme weather and cyber attacks, for example—have had an impact on the insurance industry. With all of this disruption comes ...
The Latest Launches from Draftrs, Hippo, Main Street America Insurance
Draftrs, an insurtech company aiming to modernize small business professional liability insurance, announced the launch of a new digital insurance platform that enables instant underwriting and ...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll
Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such as the war in Ukraine, higher-than-expected natural catastrophes and the ongoing COVID-19 ...
Report Forecasts ‘Above-Normal’ U.S. Wildfire Season, Worse in Drought-Plagued West
The U.S. has in store an "above-normal" wildfire season if a prediction out on Wednesday from fire weather experts holds true – "intense" may be a better word for the expectations in Western ...
DOJ Antitrust Chief Warns S&P Global Over Insurer Ratings Tweak
The Justice Department's antitrust division said in a letter dated last Friday that a proposed methodology change by S&P -- the world's largest credit ratings company -- could raise barriers for ...
Executives on the Move at Zurich NA, Odyssey Re, Midwest Family Group
Zurich North America has created three roles to support Zurich Construction and Energy customers in their evolving sustainability objectives. Alicia Pavelko has returned to Zurich as head of ...
Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results
First-quarter 2022 insurance premiums earned grew 6.5 percent to about $11 billion at Allstate Corp., as net income was $630 million compared with a loss of about $1.4 billion during the first three ...