Arch Capital sees earnings pressure from first-quarter catastrophes

[ad_1] Wildfires reverse rate moderation  After signs of stabilization in 2024, the commercial property market experienced renewed pressure following major wildfire events. In January, the Palisades and Eaton Fires in Los Angeles County destroyed more than 16,000 structures, quickly depleting reinsurers’ catastrophe budgets for the year. Though 2024 reinsurance renewals were broadly favorable, the early…

[ad_1] Lok-N-Logs, Inc., which owns a warehouse in the Village of Sherburne, Chenango County, filed a claim with Leatherstocking Cooperative Insurance Company after copper and brass were stolen from the building’s electrical and plumbing systems during a break-in in April 2020. Leatherstocking denied the claim, invoking policy exclusions that bar coverage for vandalism when a…

[ad_1] Growth most notable in global commercial segment [ad_2] Source link

[ad_1] What makes an insurance company great to work for? [ad_2] Source link

[ad_1] The offering, along with an IPO from American Integrity Insurance Group Inc., marks a return of activity to the US IPO market. Listings slowed after former President Donald Trump’s April 2 tariff announcement, which prompted some companies to delay or reconsider going public. During this period, China’s Chagee Holdings Ltd. was the only large-scale…

[ad_1] Collaboration targets coverage gaps in high-risk property markets [ad_2] Source link