In comparison, Chubb achieved record net income of US$9.27 billion for FY2024, or US$22.70 per share, and core operating income of US$9.20 billion, or US$22.51 per share. Consolidated net premiums written were US$51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was 86.6%.
This high-impact, one-day summit brings together industry trailblazers from organizations like Amwins, Lockton, Zurich North America, PURE Insurance, AmTrust Financial Services, and Nationwide to spark conversations, share strategies, and champion change. Whether you’re climbing the career ladder or already leading the way, this event is your gateway to powerful learning and meaningful connections. Source link
Currently, Nevada law classifies casualty insurance as coverage for vehicle insurance, liability insurance, workers’ compensation, and other forms of financial protection. A.B. 512 proposes adding legal expense insurance to this category, defining it as coverage that reimburses policyholders for specific legal services or legal expenses. However, it excludes fees paid to attorneys for overhead and…
Ephesus disputed the insurer’s valuation and invoked the policy’s appraisal clause, set forth in Form A 100, § C(2) (Jan. 2001). That provision required each party to appoint a “competent and impartial appraiser,” with a third-party umpire resolving disagreements. The insurer’s appraiser valued the net replacement cost at $68,148.78, while the church’s appraiser submitted an…
Clean energy and the net-zero transition The transition to renewable energy sources – such as solar, wind, hydro, and geothermal – is fundamental to achieving net-zero emissions. This shift involves transforming energy production, distribution, storage, and consumption patterns. Source link
