Everest Group reports first-quarter financial results

The offering, along with an IPO from American Integrity Insurance Group Inc., marks a return of activity to the US IPO market. Listings slowed after former President Donald Trump’s April 2 tariff announcement, which prompted some companies to delay or reconsider going public. During this period, China’s Chagee Holdings Ltd. was the only large-scale IPO…

Who is the future of insurtech? Tell us which providers deserve recognition Source link

Moves include a new global leader and a new COO Source link

The legislation seeks to respond to growing concerns over the affordability and availability of insurance for natural disasters, such as wildfires and floods. According to the bill, fire insurance is becoming more costly and difficult to obtain in California, while flood coverage remains uncommon and insurance for extreme-heat events is rare. Source link

The case, Gerald J. Candeloro v. Allstate Insurance Co., et al., involves a dispute between Gerald J. Candeloro and Jason Garoppolo, an Allstate agent and owner of the insurer’s Groton, Connecticut franchise. Candeloro, who owns property in Mystic, Connecticut, had consistently purchased a FEMA flood insurance policy for the property through Allstate since 2000. His…

Wildfires reverse rate moderation  After signs of stabilization in 2024, the commercial property market experienced renewed pressure following major wildfire events. In January, the Palisades and Eaton Fires in Los Angeles County destroyed more than 16,000 structures, quickly depleting reinsurers’ catastrophe budgets for the year. Though 2024 reinsurance renewals were broadly favorable, the early surge…