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Mediobanca unveils new terms for Generali CEO
[ad_1] Tensions between Generali’s management, Mediobanca, and the billionaire investors have been further heightened this year over the insurer’s agreement with French banking group BPCE to merge their investment units, aiming to create Europe’s second-largest asset manager. Some Generali board members, backed by Caltagirone, have opposed the deal. [ad_2] Source link
Allstate reports April catastrophe losses led by wind and hail events
[ad_1] In a monthly update, Allstate noted slight shifts across its insurance portfolio. Allstate Protection auto policies declined marginally in April, while commercial lines dropped by 31.6%. In contrast, homeowners policies increased by 2.5%, contributing to a 0.3% rise in total policies in force to 37,812. [ad_2] Source link
New York bill proposes state-backed home equity insurance
[ad_1] State-issued equity coverage would pay out the difference between a home’s insured value and its eventual sale price — provided the owner has lived in the property for at least three years. Claims would be denied if the equity loss stems from owner neglect of the property’s condition. A newly created…
Montana enacts bill requiring transparency on wildfire risk
[ad_1] The Montana Legislature has approved a new measure requiring insurance companies operating in the state to disclose detailed wildfire risk score information when used to underwrite or rate residential property. House Bill 533, passed by the 69th Legislature and now enrolled, mandates that admitted insurers provide specific information to homeowners, applicants, or their insurance…
Hawaii to reopen hurricane relief fund after two decades of inactivity
[ad_1] The fund operated effectively throughout the 1990s, insuring approximately 155,000 policyholders statewide by 1999. However, as private insurers gradually returned to the market, the HHRF ceased issuing new policies in December 2000 and became dormant by 2002. Despite its inactivity, the fund maintained a reserve balance to ensure readiness in the event of future…
Small Business Tips: Central Article Roundup
[ad_1] Running a small business comes with big responsibilities—from protecting your property and employees to understanding the fine print in your insurance policies. At Central Insurance, we’re committed to helping business owners navigate these challenges with confidence. In this roundup, we’ve gathered our most valuable small business resources to help you understand your coverage, manage…