AXIS Capital sees growth in operating income amid wildfire impact

[ad_1] Nathan Kerr has spent his entire 25-year career at Scott Insurance, where he launched the affordable housing practice group a decade ago. He’s worked closely with owners, developers, property managers, equity syndicators, and CDFIs – watching insurance move from a budgeting issue to a critical obstacle. For him, the work is personal.  [ad_2] Source…

[ad_1] International expertise to enhance response systems and case coordination [ad_2] Source link

[ad_1] If enacted, the legislation would require the governor to appoint the insurance commissioner from a shortlist of candidates selected by a committee made up of lawmakers, insurance regulators, consumer advocates, and industry representatives. An amendment added to the bill would grant the Senate authority to confirm the appointment, introducing an additional layer of oversight….

[ad_1] Trump’s PFAS rule rollback – who is impacted? The withdrawal does not impact consumer product lawsuits, which have become another front in the PFAS legal war. Companies accused of misleading labeling, such as advertising products as “organic” when they contain PFAS, are still facing legal scrutiny. The regulatory rollback doesn’t offer them any protection;…

[ad_1] “That’s not something we can accept, forcing developers to find coverage elsewhere, often in a different market. We are seeing more engagement between lenders, insurance advisors, brokers, and developers to ensure that policies are bankable from the start. This needs to happen early in the process, ideally before construction insurance is finalised,” Luciano added….

[ad_1] In response to these results, the group raised its full-year adjusted net income forecast to ¥1.04 trillion, an increase of ¥40 billion from the earlier guidance. The firm projects this momentum will continue into fiscal 2025, with an adjusted net income forecast of ¥1.10 trillion, representing a 3% rise year-on-year. The adjusted return on…