insurance buisness 1

Stock market palpitations ignored as IPO launched to raise over $300m Source link

Moves include a new global leader and a new COO Source link

Interest in embedded auto insurance—offered through auto dealers, manufacturers, or financing companies—was reported by 37% of respondents. This type of insurance attracted more attention from younger customers, particularly those in Generations Y and Z, with 47% expressing interest. Among those who cited service as their primary reason for shopping, 48% said they were interested in…

Result is well above the consensus forecast for the quarter Source link

Result is well above the consensus forecast for the quarter Source link

Revenue and income both increased year-on-year Source link

Mediobanca, based in Milan, holds a 13% stake in Generali, making it the insurer’s largest shareholder. The holding has been a point of contention between Mediobanca and other major investors in Generali, including the family of the late Leonardo Del Vecchio and businessman Francesco Gaetano Caltagirone. Both investors also hold stakes in Mediobanca and have…

The Fifth Circuit found that under Louisiana law’s one-year prescription period for products liability claims, Allied’s lawsuit was time-barred. The court ruled that RISE Residential, acting as an agent for the developer Provident Group-Flagship Properties, LLC, had constructive knowledge of the root cause well before the July 23, 2020 deadline. That knowledge, the court said,…

It delivers a win for insurers in a case over whether a contractor’s consumer fraud judgment is covered under a CGL policy Source link

Competitive pricing and capital strategy shape regional expansion prospects Source link

An insurer’s delayed settlement offer could cost it millions after a deadly parking lot shooting. Find out why the Eleventh Circuit says a jury should decide the outcome Source link

Furthermore, the company’s customer care department is expanding with a range of call center positions, including Spanish bilingual representatives and licensed insurance agents. The in-house legal team is also hiring defense attorneys in Sherman Oaks, California; Atlanta, Georgia; Long Island, New York, and multiple cities in Florida and Texas. Other openings include positions for territory…

Leadership shift supports rising agency numbers and acquisitions surge Source link

Investment declines and severe storms drive quarter’s earnings volatility Source link

Craig R. Smiddy, president and CEO of Old Republic International, said that since joining BITCO in 2023, Lehman has contributed to growth, profitability, and operational efficiency, and that his leadership will help maintain continuity as the company continues to serve agents, brokers, and customers with specialized insurance solutions.  Source link

Strong operating gains offset investment losses and derivative valuation impacts Source link

New markets strengthen employer offerings and boost workforce support initiatives Source link

On April 24, 2025, the Alabama Legislature formally adopted House Joint Resolution 220 (HJR220), emphasizing the critical need to address the growing instability and affordability challenges in commercial property insurance along Alabama’s coastal regions. Initially introduced on April 8, 2025, the resolution acknowledges the significant economic impact of coastal areas, including over $10 billion annually…

The ruling, issued on April 23, 2025, stems from an incident in November 2022, when Michelle DiPego of Muncie, Indiana, was walking along a Baltimore city path and was struck from behind by a woman riding an electric scooter. Although the rider and a companion briefly stopped, they refused to identify themselves and left the…

Gia Snape of Insurance Business sat down with Kareen Boyadjian (pictured), vice president of personal and healthcare cyber underwriting, to discuss emerging cyber risks for high-net-worth individuals and families, including social engineering, wire transfer, and artificial intelligence-driven threats, and how the cyber insurance market can evolve to address gaps in coverage.  Source link

Scandals reshaped businesses over the past 25 years Source link

Since 2022, more than 10 new insurers have entered Florida’s homeowners insurance market, a trend driven by recent legislative changes aimed at reducing litigation and fraud. Among the new entrants is Mangrove Property Insurance, Tailrow Insurance, Mainsail Insurance and Orange Insurance Exchange. Source link

Mark Miller, CIO at Crash Champions, joined the company in 2022 and has over 30 years of experience in digital technology. Before his role at Crash Champions, Miller served as CTO at a national collision repair organization and Party City. Meanwhile, Pete Tagliapietra, managing director at DataTouch LLC, is a former CIECA board member with…

The Commercial Property product is available to a range of industries, including education, financial institutions, healthcare, hospitality, gaming, industrial, light manufacturing, mixed real estate, municipalities, offices, retail, technology, and wholesale and industrial operations. Source link

The prospective capital injection would be structured as preferred equity, sources said, with final terms yet to be agreed. The deal, if concluded, would allow BDT & MSD Partners— which previously led a $3 billion senior preferred stock investment in Acrisure in 2021— to partially redeem its existing position in the company. Source link

The prospective capital injection would be structured as preferred equity, sources said, with final terms yet to be agreed. The deal, if concluded, would allow BDT & MSD Partners— which previously led a US$3 billion senior preferred stock investment in Acrisure in 2021— to partially redeem its existing position in the company. Source link

Mediobanca, based in Milan, holds a 13% stake in Generali, making it the insurer’s largest shareholder. The holding has been a point of contention between Mediobanca and other major investors in Generali, including the family of the late Leonardo Del Vecchio and businessman Francesco Gaetano Caltagirone. Both investors also hold stakes in Mediobanca and have…

The development of the tools was funded by IDF insurance industry members, including AIG, Aon, AXA, Convex Insurance, Guy Carpenter, Howden, RenaissanceRe, SCOR, and WTW. Several tools were developed in partnership with Oasis and Maximum Information. The launch reflects ongoing collaboration between public and private sector organisations, including re/insurers, modelling firms, development banks, and global…

Jump to winners | Jump to methodology Providing for Golden State employees The bar for Californian workplace safety is high and only getting higher. That’s in part due to the Division of Occupational Safety and Health of the California Department of Industrial Relations (Cal/OSHA) proactively setting the tone, often exceeding federal OSHA requirements. This translates into…

See if the company you work with made it to this year’s list Source link