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Today's Headlines
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March 21, 2025 |
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The Cincinnati Insurance Companies have grown business for 75 years through relationships with a carefully selected set of regional independent agents—and business in the surplus lines segment is no exception, executives report. That sets the insurer apart from other E&S writers, according to Don Doyle, Jr., the architect of Cincinnati Specialty Underwriters, an operating subsidiary... read more
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The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global data analytics and technology provider and insurance company trade association noted that the net income... read more
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As property insurance costs continue to rise, homeowners and insurers alike are facing new challenges. While hurricanes and wildfires often dominate discussions around natural disasters, severe convective storms (SCS) remain an underappreciated but significant contributor to insured losses. The 2025 CoreLogic® Severe Convective Storm Risk ... read more |
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Munich Re said it has acquired Next Insurance, which will become part of the reinsurer's major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo already owned nearly 30 percent of the digital insurance company's shares. Munich Re was an early investor in Next Insurance. Closing is expected during... read more
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The Doctors Company said it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Birmingham, Ala.-headquartered ProAssurance is a specialty insurer with expertise in medical liability, products liability for medical technology and life sciences, and workers compensation insurance. The Doctors Co. of Napa, Calif. is the nation's largest physician-owned... read more
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Approximately 170,000 properties were potentially impacted by the recent severe tornado outbreak across the Midwest and Mississippi Valley, in addition to wildfires and dust storms across the Southern Plains, CoreLogic said. The early season tornado outbreak over March 13-16 spawned at least 98 tornadoes in the central and southern U.S. CoreLogic estimates that properties with... read more
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The battle for artificial intelligence supremacy hinges on microchips. But the semiconductor sector that produces them has a dirty secret: It's a major source of chemicals linked to cancer and other health problems. Global chip sales surged more than 19 percent to roughly $628 billion last year, according to the Semiconductor Industry Association, which forecasts... read more
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Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the company said on Thursday, the latest in a series of call-backs for the pickup truck. The recall covers just over 46,000 vehicles built from November 2023 through February 27 of this year, Tesla said... read more
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Major automakers and tech groups on Tuesday called on the Trump administration to take steps to speed deployment of self-driving cars, citing a number of regulatory hurdles. The Alliance For Automotive Innovation, a group representing nearly all major automakers, in a letter seen by Reuters called on Transportation Secretary Sean Duffy to quickly implement a... read more
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In today's competitive market, efficiency isn't optional—
it's ...
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When disaster strikes, speed and efficiency matter.
A leading property and ...
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In today's fast-paced insurance landscape, customers expect seamless, ...
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When disaster strikes, every moment counts. Imagine your policyholder walking ...
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For carriers in a competitive marketplace, a successful distribution strategy ...
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