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Ambac Assurance sued over alleged unauthorized transfer to parent company
Complaint is in connection with company’s rehabilitation Source link
Generali secures record earnings and growth
Generali’s adjusted net result rose to €3.77 billion, up from €3.58 billion the previous year, reflecting contributions from its diversified profit sources despite lower net realised gains. The overall net result stood at €3.72 billion, slightly lower than the previous year’s €3.75 billion, which included capital gains from asset disposals in 2023. Source link
American National halts life policy sales amid strategic business shift
Carrier to prioritize growth areas after substantial net loss Source link
Weather resilience council in Connecticut moves forward
The council includes representatives from the insurance industry, regulatory agencies, consumer advocacy groups, environmental and climate science, construction, academia, and emergency management. Its latest progress report details the formation of three subgroups, each tasked with developing a specific component of the overall strategy. Source link
What’s happening in the global marine insurance market?
Changes in pricing dynamics and risk exposure outlined Source link
If this bill passes it will eradicate Florida’s insurance market – FJRI
Industry groups, however, warned the bill threatens the fragile recovery of Florida’s insurance market. Katelyn Ferry, representing the Florida Justice Reform Institute, argued the proposal could reverse recent progress. “Make no mistake: If this bill passes, it’ll eradicate Florida’s insurance market,” Ferry said. She credited previous reforms with curbing premium hikes and attracting new insurers…