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.
“Originally, workers’ compensation was fundamentally about traumatic injuries in the workplace,” says Mark Walls, Chief Marketing Officer at Safety National, and Founder at Work Comp Analysis Group. Walls, who has over two decades of experience in the workers’ compensation field, adding that “over time, you saw that start to change as occupational diseases came into…
The dispute arose from a lease agreement executed in February 2019, under which Hembree Insurance Trust leased a 135,847-square-foot industrial building in Scottsboro, Alabama, to Maples Industries for a five-year term running from January 1, 2020, through December 31, 2024. The lease obligated Maples to maintain the property, including a clause specifying that Maples would…
The company offers products in general liability, commercial property, and garage segments, utilizing its proprietary Western World Integrated Platform (WWIP) to facilitate underwriting, rating, quoting, binding, and policy issuance for wholesale brokers and their clients. Source link
Founded in 1980 and based in Phoenix, Arizona, BGA serves more than 2,500 agents and agencies, and represents over 8,000 group insurance clients and 60,000 individual policyholders. This marks Warner Pacific’s seventh acquisition in the past year and underscores the company’s continued expansion across the US, particularly in the Southwest. Source link
However, geopolitical risks, including trade policy uncertainty in the US, ongoing war in Ukraine, and right-wing electoral surges in countries like Germany and France, are posing significant hurdles for investors. As economic and political volatility casts shadows over these regions, M&A players are re-evaluating the risks in cross-border mergers and acquisitions. Source link
Other benefits, such as financial education, salary advances, and employee discount programs, contribute to overall financial security. Flexible work arrangements, while not a direct financial benefit, can also have a significant financial impact by reducing costs related to commuting, childcare, and other expenses. Source link
