Thrivent plans aggressive adviser hiring drive for 2025

[ad_1] Pre-tax catastrophe and weather-related losses, net of reinsurance, totalled US$49 million, or 3.7 points on the combined ratio. Of that, US$32 million, or 2.4 points, was attributed to the California wildfires. The remaining losses were related to other weather-related events. After-tax, catastrophe and weather-related losses totalled US$38 million. [ad_2] Source link

[ad_1] They include a president for sales for the Americas and a chief technology officer [ad_2] Source link

[ad_1] Despite these shifts, commercial auto and umbrella lines continued to see significant pricing increases. Average premiums for commercial auto rose by 10.4%, while umbrella lines were up 9.5%. The CIAB attributed these increases, in part, to losses linked to litigation finance activity.  [ad_2] Source link

[ad_1] For many firms, she explained, these transactions become a catalyst for reassessment. The average deal size in 2024 hit $792 million, according to Travelers’ data. With deals of that magnitude, companies are under pressure to scrutinize every function, including insurance.   [ad_2] Source link

[ad_1] The council includes representatives from the insurance industry, regulatory agencies, consumer advocacy groups, environmental and climate science, construction, academia, and emergency management. Its latest progress report details the formation of three subgroups, each tasked with developing a specific component of the overall strategy. [ad_2] Source link

[ad_1] CompSource Mutual, based in Oklahoma City with additional operations in Tulsa, has provided workers’ compensation coverage to businesses across the state for more than 85 years. Established in Oklahoma’s capital, the company has adapted alongside the state’s changing economic landscape while maintaining a focus on serving local employers and their employees. [ad_2] Source link