State Farm said Monday that it would “take actions to improve our operating performance” after eating a record $13.2 billion in underwriting losses in 2022.
Author: Annie George
Global Insurance M&A Activity Hit 10-Year High in 2022: Clyde & Co.
There were 449 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2022, up from 418 the previous year, the highest for a decade.
Expected Rise in Strikes, Riots and Protests to Test Business Resilience: Allianz Report
A new report by AGCS identifies five factors likely to power ongoing incidences of political violence activity around the world.
Lawsuit Alleges NFL Films Catalogs Lewd Shots of Women at Games in Database
According to a new lawsuit, NFL Films has created something very different in its vast archive: a catalog of lewd shots of women—fans and cheerleaders—at sporting events.
PLM Launches HardwareXPress for Hardware Stores
Pennsylvania Lumbermens Mutual Insurance Group (PLM) announced its launch of an innovative insurance product tailored to the unique needs of hardware stores.
USQRisk Welcomes Seasoned Actuary, Underwriting Professional in London
Rhys Jones will serve international MGA as Head of UK Pricing and Senior Underwriter.
Hurricanes Moving Farther North to Pummel Millions More U.S. Homes
According to new research, shifting weather patterns influenced by climate change will push strong storms up the East Coast, increasing wind speeds and damage from gusts.
Private Equity-Backed Insurers Under U.S. Scrutiny Over Risky Loans
Complex securities face new capital requirements as some in the industry warn they are creating a bubble.
Tesla, Musk Sued by Shareholders Over Self-Driving Safety Claims
Tesla Inc and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles.
Apartment Rents Fall as Crush of New Supply Hits Market
Declines signal tenants may be maxed out on how much income they can devote to rent.