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ALKEME acquires Crawford Insurance Group
This announcement follows a series of recent ALKEME acquisitions amid significant economic developments in early 2025. On April 2, President Donald Trump announced sweeping tariffs on imports, leading to a global stock market downturn. The Dow Jones Industrial Average experienced a historic 4,000-point drop over two days, marking the largest decline since the 2020 pandemic-induced…

Chubb reports significant wildfire impact on first-quarter results
In comparison, Chubb achieved record net income of $9.27 billion for FY2024, or $22.70 per share, and core operating income of $9.20 billion, or $22.51 per share. Consolidated net premiums written were $51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was 86.6%….

Insurance associations support new towing proposal in Chicago
“Alderman Villegas has been a strong advocate for consumer protections against rogue towing practices,” said Brooke Kelley, assistant vice president of state government relations at APCIA. “These predatory operators put motorists, pedestrians, and first responders at risk, and this proposal is an important step toward increasing consumer safeguards and enforcing stricter rules.” Source link

Liberty Surplus in court battle over course of construction exclusion clause
Background and dispute over coverage Kaufman was hired by JM Family Enterprises to build a corporate campus in South Florida. The project included multiple office buildings, a dining hall, a parking garage, and a central energy plant. By October 2020, some of the structures were completed, and JM Family had begun using them. However, additional…

Insurance for renewables under pressure as climate risks accelerate: GCube
“That’s not something we can accept, forcing developers to find coverage elsewhere, often in a different market. We are seeing more engagement between lenders, insurance advisors, brokers, and developers to ensure that policies are bankable from the start. This needs to happen early in the process, ideally before construction insurance is finalised,” Luciano added. Source…