Iowa Supreme Court issues ruling on Columbia Insurance Group case
It delivers a win for insurers in a case over whether a contractor’s consumer fraud judgment is covered under a CGL policy
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W.R. Berkley posts lower Q1 net income but revenue increases
Income before taxes was $538.6 million, down from $574.1 million a year ago. After accounting for $121.3 million in income tax and $222,000 in noncontrolling interests, net income attributable to common shareholders was $417.6 million. The company reported 399.8 million diluted shares outstanding for the quarter, compared to 405.8 million in the same period last…
Climate, cyber, AI risks interlinked and accelerating, warns Nationwide EVP
He urges resiliency focus as insurers adapt to compounding exposures and tech shifts Source link
Why workers’ comp never forgets and always collects
Small claims are the sleeper threat to your bottom line, and, according to Troy Insurance, the damage starts long before the first big injury Source link
Athene Holding reports record inflows in first quarter
“While other market participants continued business as usual, we took a different path,” said Jim Belardi, co-founder and CEO, during a recent investor call. “With the presence of market volatility, we made the strategic decision to accelerate new business volumes, which resulted in $26 billion of gross inflows.” Source link
Hiscox sees steady Q1 performance as wildfire losses remain unchanged
Hiscox London Market reported ICWP of US$329.7 million, a 4.0% increase from US$316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new…
Kennedys IQ introduces AI for insurance risk
Designed for claims professionals, brokers, and underwriters across global markets, including the London market, general and specialty insurance in the UK, Europe, North America, Latin America, and the Asia-Pacific region, SmartRisk automates risk assessments and policy analysis. Source link