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Next Level Commitment in 2025
As we begin a new year, I want to take a moment to reflect on the incredible work we’ve accomplished together and share my excitement for what lies ahead in 2025. At CH Insurance, our foundation rests on our employees, our clients, our carrier partners, and our community. These pillars shape every decision we make and…
Aon unveils first-quarter results
The company also issued its 2025 guidance Source link
The world’s polluted air – is it a risk for insurers?
Workers’ compensation, health and life can be impacted Source link
Court rules in favor of policyholder in American Select Insurance firearm injury case
But the appellate panel disagreed. Writing for the court, Judge Noah P. Hood explained that the term “accident” wasn’t defined in the policy, so Michigan law supplies a default definition: “an undesigned contingency, a happening by chance, something not naturally to be expected.” Importantly, the court emphasized that whether an incident qualifies as an accident…
Wildfire lawsuits miss the mark on California’s real insurance crisis, insurance brokers say
“There’s a disconnect in California with some well-meaning consumer groups who don’t understand that insurance companies can’t continuously lose money and stay in business,” Jones said. “Instead of forcing carriers to subsidize wildfire losses through litigation, we should be focusing on prevention and mitigation—on hardening homes, building defensible zones, and using ember-resistant vents. Government also…
The Hanover sees improved underwriting in Q1 amid elevated catastrophe losses
In the core commercial segment, operating income before taxes was $26.8 million, down from $71.5 million a year earlier. The segment’s combined ratio increased to 103.4% from 93.9% in Q1 2024. Catastrophe losses totaled $46 million, or 8.5 points of the combined ratio, up from $20.7 million, or 3.9 points, in the prior-year quarter. Source…