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AIG delivers Q1 results above expectations
[ad_1] Growth most notable in the global commercial segment [ad_2] Source link

Travelers unit faces lawsuit for denying hail loss claim
[ad_1] Court asked to compel appraisal process after storm damage dispute [ad_2] Source link

Universal Insurance hit with fine as it returns $30 million to fund
[ad_1] Florida Attorney General James Uthmeier said the review identified numerous unrelated claims that should not have been submitted for reimbursement. These allegedly included non-hurricane-related damages, which, under the fund’s guidelines, were ineligible for payment. The attorney general’s office stated that Universal’s reporting practices led to excess payments from the hurricane fund, the report said….

Heritage Insurance sees net income double
[ad_1] For the first quarter, Heritage reported a net income of $30.5 million, or $0.99 per diluted share, compared to $14.2 million, or $0.47 per diluted share, in the same period last year. Gross premiums earned in the quarter totaled $353.8 million, a 3.6% increase from the previous year’s $341.4 million. [ad_2] Source link

Economic shifts reshape political risk landscape – Gallagher
[ad_1] Risks in emerging markets In the Democratic Republic of the Congo (DRC), ongoing insurgent violence continues to impact the country’s political, security, and economic outlook. The M23 insurgent group launched a major offensive in early 2025, capturing the provincial capitals of North Kivu and South Kivu, along with their airports. [ad_2] Source link

Patrick Tiernan named Lloyd’s CEO
[ad_1] Tiernan currently serves as Lloyd’s chief of markets, a role he has held since joining the organisation in May 2021. In this position, he has overseen underwriting, claims, exposure management, international regulation, market oversight, distribution, and the Lloyd’s Global Network. His remit has also included the Lloyd’s Lab, Lloyd’s Academy, and the organisation’s global…