Underwriting results were similarly impacted, with underwriting income dropping to $27.2 million, from $89.5 million in Q1 2024. The catastrophe loss ratio saw an increase, reaching 13.0%, compared to 4.9% in the previous year. This contributed to a higher combined ratio of 96.1%, compared to 86.6% in the same quarter of 2024.
The bill includes further clarification on renewal procedures. Currently, only those aged 55 and older may retake the course every three years to maintain eligibility. Under HF3290, that limitation would be removed, allowing more drivers to refresh their eligibility regardless of age. Drivers who have not claimed the discount in over three years could also…
Jon Ward, APCIA’s department vice president of public affairs, emphasized the industry’s commitment to assisting policyholders, stating, “When disaster strikes, insurers’ overwhelming priority is to help their customers rebuild and restore their property.” Source link
The second division, Programs and Solutions, will cover a range of business lines, including personal lines, Bermuda operations, surety, workers’ compensation, small commercial packages, program and alliance offerings, and Insurtech. Alex Martin, formerly president of Markel Specialty, will lead the division. Martin has been with the company for 19 years and has held positions across…
House Bill 1842, sponsored by Rep. Mark Lepak, would amend Section 13 of the Workers’ Compensation Code (85A O.S. §13) to bolster coverage for mental health injuries — particularly PTSD — incurred by law enforcement officers, firefighters (paid or volunteer), and emergency medical technicians. While PTSD is already a recognized injury for first responders under…
