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Shareholders push Chubb on emissions, SEC agrees
The proposal was submitted by Green Century Capital Management Inc., on behalf of the Green Century Equity Fund. The group argued that many of Chubb’s industry peers, including Travelers, American International Group, and Hartford, have gone “beyond their legal disclosure obligations” to provide a more complete picture of their financed and insured emissions. Source link
Shock CEO resignation sees UnitedHealth’s share price slump
Chairman takes over as carrier withdraws financial guidance Source link
"Insurance shouldn’t just be a pot of money for attorneys"
As insurers retreat from some markets, policyholders are facing skyrocketing premiums, stricter underwriting and unexpected policy cancelations Source link
Hawaii passes bill expanding insurer of last resort, revives hurricane fund
Legislation targets coverage gaps and stabilizes escalating insurance premiums Source link
Program space pulls traditional lines as fronting models reshape access
One80 runs a recurring survey tracking distribution appetite and administrator sentiment. The latest edition is currently live, but the results won’t be available for several months. Still, the pattern is already clear. “Every year that we’ve done that – which is now, I think, 12 years running – we’ve seen growth year over year in…
Universal Insurance maintains Florida pricing strategy amid new competitors
Since 2022, more than 10 new insurers have entered Florida’s homeowners insurance market, a trend driven by recent legislative changes aimed at reducing litigation and fraud. Among the new entrants is Mangrove Property Insurance, Tailrow Insurance, Mainsail Insurance and Orange Insurance Exchange. Source link