What’s behind the great sustainability stall?

[ad_1] Bunch also said developments in California’s property segment are tied to wildfire exposure, confidence in new catastrophe models, and reinsurance support. Filing new programs in the state remains difficult, he added, especially when competing with a state-run plan. [ad_2] Source link

[ad_1] In comparison, Chubb achieved record net income of US$9.27 billion for FY2024, or US$22.70 per share, and core operating income of US$9.20 billion, or US$22.51 per share. Consolidated net premiums written were US$51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was…

[ad_1] 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 any rate increase before implementation. “The public deserves transparency,” said Carmen Balber, the group’s executive director. “Refunds after the fact do little for homeowners who are already struggling.” [ad_2]…

[ad_1] Dallman was recognized for his role as author of 2023 Wisconsin Act 60, ensuring its passage during the 2023-2024 legislative session. The legislation requires high school students to complete a half credit of education on financial literacy, covering topics such as money management, credit and debt, risk management, and insurance. [ad_2] Source link

[ad_1] The company is looking to convert to a mutual holding company structure [ad_2] Source link

[ad_1] Umbrella and excess coverage, along with commercial auto, saw the most significant increases [ad_2] Source link