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Global dealmaking stalls as insurers rethink big moves
[ad_1] Smaller deals and niche players gain momentum [ad_2] Source link
What is driving the rise of mental health in workers’ compensation?
[ad_1] As of January 2024, 31 states, plus the District of Columbia, allow workers to file claims for mental health conditions arising from work-related factors, according to new data from IB+. This is accompanied by a decrease in workers’ compensation premiums and losses to $42 billion and $19 billion, respectively, in 2024, down from $45…
Alive Risk appoints Scott Carroll as underwriting director for entertainment programs
[ad_1] Alive Risk provides insurance solutions for the amusement, entertainment, contingency, special events, and sports and leisure sectors. The company’s entertainment team offers coverage for music, touring, live events, film and media productions, and production support services. [ad_2] Source link
Mennonites once again rejected from self-insuring their vehicles in Maine
[ad_1] Foster testified that, following six years of research, he believes only the Mennonite church would qualify under the bill’s conditions. He noted that other states, including Kentucky, have similar allowances in place, although the Maine proposal featured more restrictive requirements. [ad_2] Source link
Generali posts growth across all segments in Q1 update
[ad_1] P&C delivered an 18.7% rise in its operating result to €1.03 billion. This was attributed to robust premium growth and improved margins. The combined ratio improved to 89.7%, down from 91.0% in Q1 2024, with both loss and expense ratios contributing to the result. The undiscounted combined ratio also improved, decreasing to 92.0% from…
Hurricane Irma hit homeowner can’t sue surplus lines insurer Hamilton – even though he was forced to
[ad_1] Following the hurricane, Hamilton paid $81,521.13 to Shellpoint, which accepted the sum without objection. Ahmed, contending the payment was insufficient, sued the insurer directly, alleging breach of contract and seeking recovery as a third-party beneficiary. The breach of contract claim was dismissed early and not appealed. The remaining claim was dismissed with prejudice by…