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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.
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[ad_1] “A decade ago, 10-year policies were common. Five years ago, five-year terms were easy to secure,” she said. “Now, many carriers limit policies to three years, or even just one year in some cases. This shift stems from growing uncertainty – insurers want the flexibility to reassess risks annually, accounting for changes in regulations,…
[ad_1] Trump’s PFAS rule rollback – who is impacted? The withdrawal does not impact consumer product lawsuits, which have become another front in the PFAS legal war. Companies accused of misleading labeling, such as advertising products as “organic” when they contain PFAS, are still facing legal scrutiny. The regulatory rollback doesn’t offer them any protection;…
[ad_1] Loreto-Hays v. Herrera (2018), alleging sexual assault by Herrera while the plaintiff worked in a GAC store. Oberloh v. Giorgio Armani Corp. (2018), which included allegations that GAC ignored reports of Herrera sexually harassing multiple employees. Christin v. Herrera (2019), which involved five plaintiffs alleging a pattern of sexual harassment and assault by Herrera…
[ad_1] Fast response stressed as cyber risks escalate rapidly [ad_2] Source link
[ad_1] “Brokers and agents, for a long time, said the insurance companies are becoming irrelevant because they’re really not leaning into risk, they’re not providing what we need to bring to our clients and they exclude more than they cover,” she said. “To be relevant to our clients and to the brokers and agents working…
[ad_1] Profit climbs, returns improve, and underwriting beats targets [ad_2] Source link
