Allstate Q4 Income Up 30% Despite High Hurricane-Related Losses February 5, 2025 By Chad Hemenway Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 5, 2025 By L.S. Howard Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 –...
Aon, Floodbase, Swiss Re Team on Parametric Storm Surge Solution for US Hurricane February 5, 2025 Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related...
Markel Reorgs Professional Liability Products February 5, 2025 Special insurer Markel said it is realigning its U.S. professional liability products into four pillars: management liability, errors & omissions...
Viewpoint: Cyber Risk and AI – The Changing Landscape February 5, 2025 By Lawrence A. Gordon Newswise — In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors...
People Moves: AXA XL Hires Bakker for Environmental Post; Tokio Marine HCC Appoints Gaine Head of N.A. Distribution February 5, 2025 AXA XL Hires Bakker as Head of Environmental Package Solutions, Middle Market, Americas AXA XL in the Americas hired Peter...
US Congress to Form Cryptocurrency Working Group February 5, 2025 By Douglas Gillison U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers...
‘It’s Surreal’: Trump’s Freeze on Climate Money Sows Fear and Confusion February 4, 2025 By Zahra Hirji and Danielle Bochove When President Donald Trump’s administration last week shut off the spigot of federal grant money, which a federal judge said...
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024 February 4, 2025 The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6%...
WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5% February 4, 2025 By L.S. Howard WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million...