Climate, cyber, AI risks interlinked and accelerating, warns Nationwide EVP
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He urges resiliency focus as insurers adapt to compounding exposures and tech shifts
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He urges resiliency focus as insurers adapt to compounding exposures and tech shifts
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[ad_1] On August 18, 2025, American Zurich Insurance Company filed a lawsuit in the US District Court for the District of Columbia against Petra Development, LLC and Flood Doctor, LLC, trading as Flood Masters. Zurich insured the real property at 1363 Peabody Street, NW, Washington, D.C. 20011, where a fire broke out on February 27,…
[ad_1] This is a question we continuously get asked at CH Insurance. Clients with a good loss history, timely payments, excellent credit, and very good policies and procedures. All across the landscape consumers are feeling the pinch of their insurance carriers in both Commercial and Personal Insurance. There are many factors that are continuing to…
[ad_1] P&C delivered an 18.7% rise in its operating result to €1.03 billion. This was attributed to robust premium growth and improved margins. The combined ratio improved to 89.7%, down from 91.0% in Q1 2024, with both loss and expense ratios contributing to the result. The undiscounted combined ratio also improved, decreasing to 92.0% from…
[ad_1] In American National Lloyds Ins. Co. v. Alexis, Civil Action No. 23-130, the insurer sought a declaratory judgment that it had no obligation to defend or indemnify Michelange Alexis and Real Estate Brothers, L.L.C., in a lawsuit filed in Berks County Court by Ernesto and Ana Rosa. The plaintiffs allege that Mr. Rosa suffered serious…
[ad_1] APCIA represents home, auto, and business insurers nationwide and advocates for competitive private insurance markets. Its members include insurers of all sizes and structures, serving families, communities, and businesses across the US and globally. [ad_2] Source link
[ad_1] In 2023, the US P&C insurance sector recorded a net underwriting loss of $21.2 billion, a slight improvement from the previous year’s $24.9 billion loss. This period also saw the worst underwriting loss in a decade, primarily due to severe weather-related losses, persistent inflation, and rising reinsurance costs. [ad_2] Source link