“Allianz’s first quarter performance and our confirmed outlook underscore our financial strength and resilient business model, which benefits from the attractiveness of our customer value…

Talanx performance across divisions In the reinsurance division, insurance revenue increased 5% to €7.0 billion. However, the insurance service result declined to €515 million from…

The legislation, which has already cleared the House by an overwhelming 96-17 margin, proposes to bar individuals who are unlawfully present in the US from…

The Montana Legislature has approved a new measure requiring insurance companies operating in the state to disclose detailed wildfire risk score information when used to…

The case stemmed from disputes over insurance coverage for two commercial properties in Louisiana that were damaged during Hurricane Ida in August 2021. After the…

Under the proposal, a “residential home safety and loss prevention course” is defined as a program that offers instruction on minimizing personal injuries and property…

If the total taxes calculated under the bill amount to less than $5,000 in a given year, the captive insurance company must pay a minimum…

Industry vets bring expertise in terrorism underwriting and nationwide construction strategy Source link

Under the statute, policyholders are no longer permitted to reassign post-loss benefits, including any rights, duties, or benefits under their insurance policies. While insurers cannot…

David Blades (pictured above), associate director, industry research and analytics at AM Best, said that social inflation, life care plans, jury anchoring, and litigation financing…

According to the complaint, Marsh alleges that Hanrahan conspired with John Rooley, CEO of WTW’s global aviation and space unit, to target and recruit the…

A growing disconnect between insurance market capacity and lender requirements is squeezing real estate borrowers and leaving brokers to close the gap Source link

NOAA’s disaster database has long been a critical resource for insurers, brokers, and risk modellers. Its abrupt removal creates blind spots as hurricane season looms,…

“Despite the positive perceptions, insurers face challenges in ensuring consumers adopt AI tools. Many consumers find that the technology is not yet sufficiently developed to…

The US back-down on tariffs will have some short (and long-term) effects Source link

But the appellate panel disagreed. Writing for the court, Judge Noah P. Hood explained that the term “accident” wasn’t defined in the policy, so Michigan…

Consumer Watchdog, a nonprofit advocacy group, has also condemned the move, calling it a violation of California’s Proposition 103, which requires that insurers fully justify…

New product offerings Starwind Environmental, led by Program President Mike Padula, will provide coverage for a range of environmental exposures. The program is intended for…