French Insurance company Axa S.A. reported its first-quarter total gross written premiums and other revenues increased 2 percent to 31.8 billion euros from last year’s 31.2 billion euros.
Author: Annie George
IMCA Announces Speakers for June 2023 Conference
The Insurance Marketing & Communications Association (IMCA) recently announced the agenda and speakers for its annual conference, called “Ignite,” to take place June 19-21 in Nashville.
How the Insurance Industry Can Help Facilitate Climate Risk Disclosure Requirements
The Climate Risk Disclosure Act of 2021 mandates public companies to disclose their climate-related risks and mitigation strategies. This increased transparency and disclosure requirement can profoundly impact the pollution liability insurance market, leading to better risk management, reduced losses, and new insurance products and services that help clients manage climate-related risks.
Renewal Rates Experience Variable Change Y-O-Y Across Commercial Lines; All Rates Up Month Over Month
Year over year, Commercial Auto, Business Owners’ Policy (BOP), General Liability and Commercial Property experienced increasing average premium renewal rates.
More Clients Are Buying Cyber Insurance
Despite the challenges in the cyber insurance market over the past two years, the percentage of clients buying coverage continued to climb in 2022.
Tennessee Company Refuses Request to Recall 67M Air Bags
The National Highway Traffic Safety Administration is demanding that ARC Automotive Inc. of Knoxville recall 67 million inflators in the U.S. because they could explode and hurl shrapnel.
RPS Acquires RHP General Agency, Inc.
Risk Placement Services, Inc. (RPS) has acquired Houston, Texas-based RHP General Agency, Inc., which specializes in residential property insurance for clients throughout Texas.
Report on Auto Insurance Trends Offers Key Insights to Drive Profitability
The annual LexisNexis® Risk Solutions Auto Insurance Trends Report explores how trends in U.S. consumer auto insurance shopping, driving violations, claims frequency and severity, vehicle safety features and more are impacting the auto insurance policy lifecycle from quote to underwriting to claims.
Climate Change Not ‘Serious Risk’ to Financial Stability, Fed’s Waller Says
Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it separately in its supervision of the financial system, Fed Governor Christopher Waller said on Thursday.
Hannover Re Q1 Profit Rises, Reinsurance Revenue Edges Down; Confirms FY23 View
German reinsurer Hannover Re reported Thursday that its first-quarter Group net income went up 13 percent to 484 million euros from last year’s 428 million euros.