"Insurance shouldn’t just be a pot of money for attorneys"

Meanwhile, Ardonagh’s 2024 Sustainability Report outlined progress on environmental, social and governance (ESG) initiatives, including over $7 million raised by its registered charity, ACT, and key milestones in its community grant and colleague match-funding programmes. Source link

WM Outrigger Re, another key insurance operation, reported a sharp increase in premiums, with gross written premiums rising to $38 million in the first quarter, up from $34 million in Q1 2024. However, its combined ratio was significantly higher at 166%, primarily due to losses related to the California wildfires. Source link

Intact Financial Corp. reported an estimated C$244 million (US$173.2 million) in net, pretax catastrophe losses for the first quarter of the year, driven by a series of weather-related events across Canada, the United Kingdom, Ireland, and the United States. Source link

In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen from…

In a decision issued on March 14, 2025, the Arizona Court of Appeals reversed a lower court’s ruling in favor of Date Street Capital, LLC, a lienholder and loss payee on the policy. The court held that Date Street, while entitled to receive insurance proceeds as specified in the policy, has no contractual right to…

Monica Adwani (pictured) has spent nearly 20 years in corporate and independent insurance roles. Raised in Puerto Rico and now based in Massachusetts, she’s seen how systemic oversights – from a lack of bilingual agents to performative DEI programs – fail to meet the needs of Latino entrepreneurs. Real inclusion means designing policies with these…