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PEMBROKE, Bermuda—- RenaissanceRe Holdings Ltd. today announced the launch of a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV. Ross Curtis, EVP, Chief Portfolio Officer of RenaissanceRe, said,“ The launch of Medici UCITS reflects the continuing global growth and diversification of…

VENICE— The flood insurance discount Venice property owners will get rises to 25% on April 1, and that's no joke. As of that date, the city will move into Class 5 in the Community Rating System administered by the National Flood Insurance Program, CRS Coordinator Christina Rimes told the City Council last month. Participation in NFIP is mandatory for property…

Proposed regular dividend of EUR 1.8 per share. Group net income of EUR 233 million in Q4 2024 driven by all business activities P&C combined ratio of 83.1% in Q4 2024 including a low Nat Cat ratio and allowing for ongoing reserving discipline L&H insurance service result 2 of EUR 119 million in Q4 2024 o Investments regular income yield of 3.6% in Q4 2024…

North Carolina Insurance Commissioner Mike Causey released a statement saying that Michael Lee Beck, 32, of 2495 Rockford Road and his mother Ruby Anne Beck, 61, of the same address, had been charged as had David Lee Adkins, 32, of Fisher Valley Road for his role in the alleged crime. Michael Beck was charged with four counts of operating as an unlicensed bail…

Senate President Ben Albritton called for collaboration on making government more efficient and stimulating economic growth in the state "s rural counties. “Although we’ ve taken some unexpected detours along the way, we are finally here… to exercise our constitutional duties over the next 60 days,” the Miami lawmaker said. He also highlighted the compromise…

AM Best has assigned a Financial Strength Rating of A+ and a Long-Term Issuer Credit Rating of“ aa-” to Chubb Seguros de Vida Chile S.A.. Chubb Vida Chile’ s sister company, Chubb Seguros Chile S.A., focuses on property/casualty business. The company’ s business operations have grown in terms of premium volume, business lines and market share after its acquisition of…

Florida’ s legislative reforms to address legal system abuse and claim fraud are stabilizing the state’ s property/casualty insurance market, according to a new Issues Brief published by the Insurance Information Institute, an affiliate of The Institutes. “While it took some time to get through the massive amounts of litigation fueled by billboard attorneys…

With natural disasters and homeowners insurance costs making headlines, many homeowners may find themselves dwelling on "what-ifs." In at least one area, turning that anxiety into action could help ease some concerns. "When you have a family that's just lost everything, they don't have the mental capacity to take that on," says Brittnie Panetta, a personal injury…

T H E P R O G R E S S I V E C O R P O R A T I O N 2 0 2 4 A N N U A L R E P O R T. A B O U T P R O G R E S S I V E. The Progressive Group of Insurance Companies, in business since 1937, is one of the country's largest auto insurance groups, the largest seller of motorcycle and boat policies, the market leader in commercial auto insurance, and one of the top 15 homeowners carriers, based on premiums written.

The Surety& Fidelity Association of America and the National Association of Surety Bond Producers led a Legislative Fly-In with members from across the industry to educate Congress on the value of construction surety bonds and advocate for key legislative priorities. “SFAA members engaging with federal policymakers is a vital part of our advocacy mission,…

The average annual property insurance premium among mortgaged single-family homes rose by a record+ $276 to $2,290 in 2024, capping a five-year rise of+ $872 Seattle, Salt Lake City and Los Angeles saw the largest percentage increases in 2024, while the largest increases by dollar amount were in Dallas and Houston Property insurance premiums in Florida…

Ernesta Gertrude Procope was born on Feb. 9, 1923, in Brooklyn and was raised in Bedford- Stuyvesant. Her father, Clarence Forster, was born in Barbados and and her mother, Elvira Forster, a homemaker, was born in St. Lucia, in the British West Indies. After her husband's passing, Procope, in 1953, formed E.G. Bowman Company, Inc., in Bedford Stuyvesant to provide auto and…

Ron DeSantis and House Speaker Daniel Perez to investigate a state report uncovered by the Herald/ Times that showed that insurance companies diverted billions of dollars to their parent companies and affiliates even as the industry was ailing and the companies were losing money. House Minority Leader Fentrice Driskell, D- Tampa, cited the Herald/ Times story…

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 OF THE SECURITIES EXCHANGE ACT OF 1934 WHITE MOUNTAINS INSURANCE GROUP, LTD.. Registrant's telephone number, including area code: 640-2200.

Regulators in Nevada, Washington, and New York approved the largest total amount of auto insurance rate increases over the last two years, according to S&P Global's U.S. Auto Insurance Market Report. In Nevada, that added up to 45.7% in total approved rate increases since the start of 2023.. According to the Nevada Division of Insurance, factors contributing to…

Indemnity is a publicly held Pennsylvania business corporation that has since its incorporation in 1925 served as the attorney-in-fact for the subscribers at the Erie Insurance Exchange. The Property and Casualty Group is a regional insurance group operating in 12 Midwestern, Mid-Atlantic, and Southeastestates and the District of Columbia.