Aon unveils first-quarter results

Senate Bill 7732, introduced on May 2, 2025, aims to amend Section 6408 of the New York Insurance Law. Officially titled the Deed Theft: Bank and Lender Accountability Act, the bill introduces a new subsection (e) that would prevent any title insurance company organized or qualified under the article from paying claims to a lender…

Proposal targets uninsured rates with capped pricing and PIP opt-out options Source link

“Despite these large trade and market disruptions, we believe that the impact on most well-diversified insurance companies is manageable,” said Nadja Dreff, senior vice president, sector lead Global Insurance & Pension Ratings, Morningstar DBRS. “We expect insurers will take mitigating actions in the form of premium increases, adjustments to supply chains, tighter control of expenses,…

The case stems from a fire that damaged Catskill Barbeque’s property in the Town of Fallsburg, Sullivan County. After the blaze, the business filed a claim with Mid-Hudson, its insurance carrier, seeking indemnification for its losses. Mid-Hudson responded with a payment of $175,000, arguing that this amount represented the maximum allowed under the policy. Disagreeing,…

Net income for the quarter was US$274 million, or US$1.00 per share, compared to US$338 million, or US$1.24 per share, in the same period last year. Core income dropped to US$281 million, or US$1.03 per share, from US$355 million, or US$1.30 per share, year over year. Source link

The case stemmed from a commercial auto policy issued by Redwood to Imperial Charters, LLC, a charter bus operator. The policy covered the period from June 19, 2019, through June 19, 2020. Imperial Charters failed to pay monthly premiums in February, March, and April 2020. In response, Redwood issued a cancellation notice effective June 2,…