The U.S. commercial auto insurance segment incurred a net loss of $5 billion in 2023, with results in the first half of 2024 showing further deterioration from the prior year period, according to a new AM Best report. U.S. commercial lines performance overall has been strong, particularly in 2022 and 2023, attributable to strong underwriting performance for…
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Arkansas legislators have been hearing from constituents about the rising costs of homeowners insurance premiums, so during the 2025 session they will explore numerous options for holding down rate increases. In Arkansas, wind and hail are the major weather events that damage homes. According to Insurance Department officials, Arkansas property…
Universal Marine Medical Supply International, the leading global provider of pharmaceutical and medical solutions to the maritime industry, today announced the launch of medO2, an expanded range of maritime medical oxygen solutions designed to enhance safety and compliance for vessels around the world. This press release features multimedia.
Aegis Executive Risks, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today the launch of their Management Liability insurance program. "We are thrilled to expand K2’ s and Aegis General Insurance Agency’s presence in the specialty lines space,” said Jeff Hirsch, President of Aegis Executive Risks.“ This launch would not be…
Oliver Bate, Chief Executive Officer of Allianz SE. Total business volume advances 17.3 percent to 42.8 billion euros. Total business volume rises 9.6 percent to 133.9 billion euros.
Oliver Bäte, Chief Executive Officer of Allianz SE. Total business volume rises 9.6 percent to 133.9 billion euros Operating profit increases by 7.9 percent to 11.8 billion euros driven by all business segments Shareholders’ core net income advances 12.3 percent to 7.6 billion euros Strong Solvency II capitalization ratio of 209 percent 1.
Ambac Financial Group, Inc., a financial services holding company, today reported its results for the quarter ended September 30, 2024. Net loss of$ million or$ per diluted share and Adjusted net loss of$ million or$ per diluted share driven by approximately $20 million of transaction costs and acquisition related short-term interest expense Total P&C Premium…
Information Services Group, a leading global technology research and advisory firm, has launched a pair of research studies examining the relative strengths of service providers supporting the two leading technology platforms for the global property and casualty insurance sector. The studies’ results will be published in two comprehensive ISG Provider…
Have a question about Philly's neighborhoods or the systems that shape them? PlanPhilly reporters want to hear from you! And that symbol was used by Benjamin Franklin, who co-created a fire insurance company with volunteer firefighters in 1752..
Iowa home insurance rates, on average, had a double-digit increase this year due to persisting damages from derechos and infl ation. According to the report, premiums for Iowa homeowners increased 14% from October 2023 to 2024, with the average homeowner now spending $2,416 annually. In 2020, Iowa was one of several Midwest states hit by a derecho that the…
Porch Group, Inc., a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance. Porch Management will be attending and participating in one-on-one and group investor meetings at these upcoming events:. November 13, 2024: KBW Fintech Conference November 19, 2024: Stephens Annual Investment Conference*…
Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $84.23. So far today, approximately 31,080 shares have been exchanged, as compared to an average 30-day volume of 602.3k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]
Council also passed Resolution R- 10-24-54 authorizing the city manager to enter into a renewal agreement with the Public Entities Pool of Ohio and Burnham and Flower Insurance Group for the provision of property, casualty and liability insurance coverage from Nov. 1, 2025 through Oct. 31, 2025 with an annual premium of $142,398. “I talked with our agent with the…
Iowa home insurance rates, on average, had a double-digit increase this year due to persisting damages from derechos and infl ation. According to the report, premiums for Iowa homeowners increased 14% from October 2023 to 2024, with the average homeowner now spending $2,416 annually. In 2020, Iowa was one of several Midwest states hit by a derecho that the…
Patty Kuderer of Bellevue, a Democrat, is poised to be Washington's next insurance commissioner, in charge of regulating the car, health and home insurance industries and advocating for consumers. The Associated Press called the race for Kuderer late Tuesday. Kuderer, 65, has served as a Democratic state lawmaker since 2015, first in the Washington House of…
Florida has the nation's highest auto insurance rates. On average, drivers in Florida shell out $2,560 each year, according to car subscription service FINN. Florida has too many uninsured motorists, which pushes the costs onto those who are insured.
LOS ANGELES, Nov. 8, 2024/ PRNewswire-PRWeb/– The recent Santa Ana wind conditions have sparked a wildfire across Camarillo, forcing local authorities to issue mandatory evacuation orders for more than 10,000 residents in that Southern California community. Mercury Insurance is prepared to assist homeowner, renter and auto policyholders who have had to…
Arkansas legislators have been hearing from constituents about the rising costs of homeowners insurance premiums, so during the 2025 session they will explore numerous options for holding down rate increases. In Arkansas, wind and hail are the major weather events that damage homes. According to Insurance Department officials, Arkansas property…
Members of the Colorado Supreme Court seemed hesitant last month to find that insurance companies act unreasonably if they do not immediately pay an injured claimant the minimum amount the insurer's internal analysis has calculated. The Supreme Court, in a 2018 decision, previously clarified that auto insurers have an obligation to expeditiously pay the "…
A man faces DUI and other charges for allegedly going about twice the speed limit when he rear-ended a motorist in South Windsor in the spring, sending the other vehicle off the road. Robert P. Sanchez, 28, of South Windsor was arrested Wednesday and charged with operating under the influence, reckless driving, operating without the minimum insurance and failure…
