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Generali posts growth across all segments in Q1 update
[ad_1] P&C delivered an 18.7% rise in its operating result to €1.03 billion. This was attributed to robust premium growth and improved margins. The combined ratio improved to 89.7%, down from 91.0% in Q1 2024, with both loss and expense ratios contributing to the result. The undiscounted combined ratio also improved, decreasing to 92.0% from…
Burns & Wilcox to launch a new product offering with Atain Insurance
[ad_1] Bonnie Steen was promoted to regional vice president, overseeing operations in Louisiana, Arkansas, Mississippi, and Alabama. William Briscoe and Chris Siegel were elevated to vice presidents, with Briscoe managing offices in Oxford, Mississippi, and Birmingham, Alabama, and Siegel taking responsibility for all Florida offices. Berri Willis also became vice president, continuing to lead offices…
Hybrid work, AI, and litigation drive EPL insurance shifts: QBE
[ad_1] QBE’s findings come against a backdrop of persistent employment litigation in the US. According to federal data, thousands of discrimination and retaliation charges are filed annually with the Equal Employment Opportunity Commission, and class-action settlements involving workplace practices regularly result in multimillion-dollar payouts. Industry analysts note that even as reforms in some states aim…
Rewriting the risk map | Insurance Business America
[ad_1] A key part of the underwriting process—and a major factor in determining property eligibility and pricing—is a community’s ISO Public Protection Class (PPC). The PPC program, developed by ISO, evaluates a community’s fire protection capabilities, including emergency communications, fire department readiness, water supply, and community risk reduction efforts. [ad_2] Source link
Global shifts, local risks: what the C-suite needs to know
[ad_1] Adaptive frameworks and external advisors are key [ad_2] Source link
State Farm tells Lara that it “doesn’t make sense” to issue new policies in California
[ad_1] California’s largest property insurer, State Farm General, has warned that it will not resume writing new policies in the state, even if regulators approve its proposed 22% rate increase. The statement, delivered in a letter to Ricardo Lara, the state’s insurance commissioner, underscores the growing crisis in California’s homeowners insurance market as insurers retreat…