GEICO expands in Florida and North Texas with new offices

Industry experts bring depth and focus to construction and claims management Source link

Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. Source link

Insurance revenue reached €2.6 billion, up from €2.3 billion in the same period last year. Operating profit (EBIT) rose to €195 million, compared to €140 million in the first quarter of 2024. Net income grew to €141 million, from €104 million a year earlier. Source link

Claims severity has risen, especially with high-profile systemic events and persistent privacy litigation. At the same time, Schnur said, underwriting practices have become more refined, and clients, particularly those in the mid-market and enterprise tiers, are significantly more cyber-savvy than they were five years ago. Source link

Louisiana lawmakers are asking whether the big insurance fixes they passed earlier this year are actually making a difference. With premiums still sky-high and insurance carriers slow to return to the market, they’ve called for a thorough check-up on the state’s insurance health.  In a resolution passed during the 2025 legislative session, officials requested the…

Aon’s global chief broking officer explains why “business as usual” is over Source link