It should be read in conjunction with the documents that the Company files with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934.. AXIS Capital Holdings Limited's underwriting operations are organized around its global underwriting platforms, AXIS Insurance and AXIS Re.
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2024 OCT 30– By a News Reporter-Staff News Editor at NewsRx COVID-19 Daily– Current study results on Coronavirus- COVID-19 have been published. Our news journalists obtained a quote from the research from the University of Iowa,“ We use these two recent recessions to empirically examine the determinants and consequences of capital issuances by…
A bail bondsman ran a human trafficking scheme with female inmates in Florida by bailing them out and selling them to“ buyers” for sex acts, prosecutors said. Florida Attorney General Ashley Moody announced the charges Oct. 29 against Russell Bruce Moncrief, a 75- year-old man who operated Moncrief Bail Bonds. Moncrief is accused of bonding women out of jail in…
Viewers can now access highlights from the AM Best- hosted webinar, titled,“ Key Insights for the Road Ahead: Top 5 Auto Insurance Trends of 2023,” sponsored by LexisNexis Risk Solutions. Adam Pichon, senior vice president, global insurance analytics, LexisNexis Risk Solutions; and Tanner Sheehan, vice president& general manager, U.S. claims, LexisNexis Risk…
The owner of a Central Florida bail bonds company was arrested on human trafficking and racketeering charges Tuesday after allegedly coercing women to have sex with him in exchange for getting bonded out of jail. The investigation began in October 2021 after Central Florida attorney John Gillespie was arrested on human trafficking charges and his victims…
Chubb Reports Third Quarter Per Share Net Income and Core Operating Income of $5.70 and $5.72, Up 15.2% and 15.6%, Respectively, with P&C Underwriting and Net Investment Income Both Up Double-Digit; Global P&C and Life Insurance Net Premiums Written were Up 8.5% and 10.6%, in Constant Dollars. Overseas General was up 4.9%, or 7.5% in constant dollars, with growth…
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Jet Insurance Company. The outlook of these Credit Ratings has been revised to stable from positive. The company is building a geographically diverse book of business sourced through its affiliated wholesale insurance agency and Jet’ s…
Repair cycle times, rising costs drive customer satisfaction for auto claims, study finds
While auto repair cycle times have improved, rising repair costs are impacting customer satisfaction, according to a recent study.
Widespread advertising by billboard attorneys to encourage consumers to hire a lawyer to settle an auto accident claim leads to higher costs of auto insurance across the U.S., according to the majority of respondents in a new report from the Insurance Research Council, an affiliate of The Institutes. The IRC report, Public Opinions on Attorney Involvement in…
AmTrust Financial Services, Inc., a global specialty property casualty insurer, today released the 2024 AmTrust Restaurant Risk Report, which identifies the most common and costly injuries in the restaurant industry in the United States. But, they are by far the costliest to treat,” said Matt Zender, SVP, Workers’ Compensation Product Management at AmTrust.“ While…
Auto insurers have been fighting two major headwinds ever since the pandemic: rising costs and longer repair cycle times. This year, according to the J.D. Power 2024 U.S. “The claims process is the moment of truth for auto insurance customers, so when they experience rate increases and then have a claim with longer-than-expected repair times and other…
Oct. 28— CARTHAGE, Mo.— The Carthage City Council has been called out by its insurance provider for its hiring and firing practices in the wake of the firing of former City Administrator Greg Dagnan in May. Michael Sindel, president and CEO of Midwest Public Risk, said the city is a member of the risk pool for both liability and property coverage. "They've had property…
Oct. 24— HAMILTON, Bermuda— Inside the sprawling Hamilton Princess hotel, overlooking a harbor where yachts bobbed in cobalt waters, businessmen in blazers and brightly-colored shorts anxiously scrolled their phones. Hurricane Milton was ripping through the Gulf's warm waters nearly 2,000 miles away, toward Florida. It was a plea to get more insurers to enter…
Alliant National Title Insurance Company Enters Into Agreement to Be Acquired by Dream Finders Homes
Alliant National Title Insurance Company and affiliate announced today that it has entered into a definitive agreement to be acquired by Dream Finders Homes, Inc.. Presidio Investors acquired Alliant National in 2018 and has been instrumental in helping the company establish robust internal processes, expand geographic reach, improve operational…
CCC Intelligent Solutions Holdings Inc., a leading cloud platform provider for the P&C insurance economy, today announced its financial results for the three months ended September 30, 2024. Adjusted gross profit was $185.9 million, representing an adjusted gross profit margin of 78%, for the third quarter of 2024, compared with $172.1 million,…
LOS ANGELES, Oct. 28, 2024/ PRNewswire-PRWeb/– Ghosts, goblins and ghouls will soon be taking to the streets as Halloween festivities commence. Mercury Insurance wants to help keep you, your loved ones and your property safe to avoid any unnecessary scares that might be lurking. "Halloween is a great time to gather with friends and family, but it can also wreak havoc on…
Ratings agency ‘concerned’ Fla. insurers may be unfairly denying hurricane claims
Florida-based Weiss Ratings agency is voicing concern about the high number of claim denials in the wake of Hurricanes Helene and Milton,
With six weeks left in this hurricane season, the Small Business Administration's disaster loan program is already out of money. And more tropical storms are swirling over the Atlantic. Who pays for all of this? Congress canceled $16 billion in NFIP debt in 2017; since then, the program has borrowed billions more from taxpayers.
With six weeks left in this hurricane season, the Small Business Administration's disaster loan program is already out of money. It's funded by the premiums collected from policyholders but borrows from the U.S. Treasury when claims it's obligated to pay outpace revenue, as is often the case. Congress canceled $16 billion in NFIP debt in 2017; since then, the…
Porch Group, Inc., a homeowners insurance and vertical software platform, today announced the Texas Department of Insurance has approved its application to form and license Porch Insurance Reciprocal Exchange, a new homeowners insurance reciprocal exchange. A reciprocal insurer is owned by its policyholders, much like how Farmers Insurance and Erie…
