In its earnings report, Principal’s net income for Q1 2025 was $138.4 million, or $2.65 per diluted share, up from $124.6 million, or $2.38 per diluted share, in the same quarter last year. Net realized capital losses for the period amounted to $115.1 million, a significant increase from $17.9 million in the prior year.
“Right now, there are three big, large account, commercial (underwriters). Gallagher is actually moving up in account size, pushing into Marsh, Aon, and WTW’s businesses, strategically… Gallagher is going larger, and the other big three are going smaller,” said Paul Newsome – managing director of Piper Sandler and vice president of The Association of Insurance…
The case, Pelc v. Southington Dental Associates, P.C., centered around a $1,037,570 settlement awarded to Francesca Pelc, a dental assistant injured at work in 2006. The disagreement was over the $185,247 in attorney fees approved as part of that settlement, which had been sitting in escrow while the two firms – Levine & Levine and…
The legislation seeks to respond to growing concerns over the affordability and availability of insurance for natural disasters, such as wildfires and floods. According to the bill, fire insurance is becoming more costly and difficult to obtain in California, while flood coverage remains uncommon and insurance for extreme-heat events is rare. Source link
“By partnering with Jewelers Mutual, Orion180 is addressing a need for more comprehensive jewelry coverage that goes beyond standard offerings,” said Ken Gregg, CEO and founder of Orion180. “This collaboration enhances the overall insurance experience for our clients, allowing them to protect both their home and high-value items in one place.” Source link
