Auto insurance customer satisfaction decreased year-over-year by 12 points on a 1,000-point scale, according to a study by J.D. Power
Author: Annie George
Active June Sees Allstate Report Q2 2023 Catastrophe Losses of $2.7B
Large U.S. insurer Allstate has reported catastrophe losses of an estimated $1.13 billion for June 2023, taking total losses from events for the second-quarter of the year to $2.7 billion, pre-tax.
Marsh McLennan Reports Second Quarter 2023 Results
Marsh McLennan generated underlying revenue growth of 11%, adjusted EPS growth of 16%, for the second quarter.
DOXA Insurance Holdings Welcomes New Team to Launch Property MGA
DOXA Insurance Holdings is pleased to welcome two new team members, Liz Coakley and Caitlin Murphy to the organization.
AG Sues Major Chemical Companies for Contaminating the District of Columbia
Attorney General Brian L. Schwalb today announced a lawsuit against over 25 chemical companies, including The 3M Company (3M) and DuPont De Nemours, Inc. (DuPont), for manufacturing, marketing, distributing, and selling products containing dangerous PFAS chemicals which now pollute the District’s natural resources.
How IOT Can Save Flood Risk Issues
Floods pose significant risks to communities worldwide, causing extensive property damage and endangering lives. Recent advancements in technology have introduced innovative solutions to mitigate flood-related risks, and one technology that stands out is the Internet of Things (IoT).
Best’s Market Segment Report: Workers’ Comp Remains a Profit Engine for P/C Industry
Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace accidents and a reduction in fraudulent claims, according to a new AM Best report.
Bain Capital Raises $1.15B for First Fund Dedicated to Insurance Investments
Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior executive told Reuters.
Preliminary H1 Insured Losses at $52 Billion: Gallagher Re
The cost of natural catastrophe losses in H1 2023, according to Gallagher Re, covered by private insurance or public insurance entities tallied $52B.
Instagram Agrees to Pay $68.5 Million in Illinois Biometric Privacy Settlement
Millions of Illinois Instagram users may be eligible for a cut of a new $68.5 million class-action biometric privacy settlement.