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Triple-I urges policy review ahead of busy 2025 hurricane season
The 2025 Atlantic hurricane season is expected to be more active than usual, with 17 named storms, nine hurricanes, and four major hurricanes, according to a new forecast from Colorado State University (CSU) in partnership with the Insurance Information Institute (Triple-I). Source link
China’s “national team” rallies insurers as Trump’s tariff war escalates
In response, Central Huijin Investment Ltd., a unit of China’s sovereign wealth fund, said it has sufficient liquidity and smooth funding channels to serve as a market stabiliser. The People’s Bank of China followed with an announcement that it would make refinancing tools available to Central Huijin to support its liquidity needs. Source link
Allstate reports huge pretax cat loss
Eleven events contributed to the March total, with four large-scale systems involving wind and hail accounting for approximately 80% of the losses Source link
In the eye of the storm: How insurers can manage SCS risk
Carriers should continually adjust their strategies across underwriting, pricing, and claims to stay ahead Source link
Court backs contractor in CGL dispute with Nationwide
An Arkansas court affirms that faulty workmanship during installation qualifies as a covered “occurrence” Source link
GEICO expands in Florida and North Texas with new offices
Thousands of new positions opening up in new service centers Source link