Vermont governor signs captive insurance reform bill into law

[ad_1] In 2024, USAA returned $2.2 billion to members through distributions, dividends, and banking rebates and rewards. The company also paid $4.3 billion in catastrophe-related claims. It also reported process improvements, including a reduction in average catastrophe claims processing time from 14 days to seven days, using advanced technology. [ad_2] Source link

[ad_1] Clean energy and the net-zero transition The transition to renewable energy sources – such as solar, wind, hydro, and geothermal – is fundamental to achieving net-zero emissions. This shift involves transforming energy production, distribution, storage, and consumption patterns. [ad_2] Source link

[ad_1] MECO’s underwriting services cover a range of marine risks, including charterers P&I, freight, defense and demurrage, trade disruption, loss of hire, strikes delay, small vessel owners’ P&I, and contractual extension liabilities. These offerings have allowed the company to support a broad client base involved in shipping and maritime operations globally.  [ad_2] Source link

[ad_1] Steadfast Group, Australasia’s largest brokerage network, with a presence in the US, has expanded its client trading platform in New Zealand to include personal lines. A media release today said Ando Insurance Group (Ando) is the first insurer partner and is offering home, contents and car insurance. [ad_2] Source link

[ad_1] Troubled health insurer sees revenue increase from a year ago [ad_2] Source link

[ad_1] Carriers like Mercury General, with a strong presence in California, reported heavier losses. The state’s FAIR Plan, which insurers high-risk properties, also reported significant losses, estimated at $4 billion. Its cash and surplus levels are expected to drop from $1.5 billion at the start of the year to $305 million by June, prompting a…