Similar Posts
California, Florida, and Texas lead the way as property and casualty premiums climb to $780 billion
California emerged as the top performer in the US property and casualty insurance market with $94 billion in direct premiums Source link
Willis on a major business opportunity for manufacturers
“Being green is often seen more as a cost and a burden than a profitable business proposition, but our survey suggests that perception is changing,” he said. “As manufacturers adopt smart technologies to drive greener, safer and more efficient production, they are not only reducing their environmental footprint but also strengthening their competitive edge.” Source…
Aging global population to drive changes in P&C insurance by 2050: Report
According to the report, by 2050, the global dependency ratio, or the number of seniors per 100 working-age adults, is expected to increase from 16% in 2024 to 26%. This demographic shift will influence consumer behavior, particularly in terms of spending patterns. Source link
Britannia Group CEO to step down
His successor has been with the company since 2008 Source link
Hiscox sees steady Q1 performance as wildfire losses remain unchanged
Hiscox London Market reported ICWP of US$329.7 million, a 4.0% increase from US$316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new…
Illinois court reverses UM ruling in dispute over vehicle “use”
When Garcia turned into a parking lot, Ahlgren followed in the Silverado. He left the truck running, exited it, and walked approximately 25 steps toward Garcia’s vehicle, intending, he claimed, to obtain the license plate number to file a police complaint. Garcia then drove forward and struck Ahlgren, injuring him. Garcia, who was uninsured, later…