SECURA Insurance announced that it is exiting the Personal Lines insurance market over a 26-month process.
Author: Annie George
Brown & Brown CEO: Professional, Property Catastrophe Lines Under Pressure
Rates are mostly holding firm with the exception of professional lines, while capacity is under pressure in catastrophe-prone states, said Brown & Brown Inc.’s chief executive officer.
41 States Sue Meta Alleging Instagram and Facebook Are Harmful, Addictive for Kids
More than 40 states have filed suit in federal court against Meta, the parent company of Facebook and Instagram, claiming that the social media company has harmed young people’s mental health – addicting them while misleading the public about the platforms’ safety.
Chubb Q3 Earnings Surpass Estimates on Higher Premium
Chubb reported third-quarter 2023 core operating income of $4.95 per share, which outpaced the Zacks Consensus Estimate by 17.6%.
Arthur J. Gallagher Acquires Bank Insurance Subsidiary in $904M Deal with Cadence
Arthur J. Gallagher & Co. has agreed to acquire Cadence Bank subsidiary Cadence Insurance in a $904 million cash deal.
IICF’s 2023 Week of Giving Celebrates Insurance Industry Volunteerism
Insurance professionals from across the United States and United Kingdom volunteer for those in need.
Governments, Firms Should Spend More on AI Safety, Top Researchers Say
Artificial intelligence companies and governments should allocate at least one third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI researchers said in a paper on Tuesday.
Insurtech Vesttoo Cites Reorganization Effort as It Resists Creditors’ Motion to Allow Liquidation
As it seeks support for a reorganization plan amid bankruptcy proceedings, insurtech Vesttoo Ltd. is resisting a motion by it creditors to put it into liquidation.
2023 Toll of Data Breaches and Leaks Already Tops 2022
The total number of data breaches and leaks in 2023 so far has already outpaced last year’s numbers, according to new data from the Identity Theft Resource Center.
W.R. Berkley’s Net Income Surges by 45.7% to $334 Million in Q3
W.R. Berkley Corp released its third-quarter earnings report on October 23, 2023, revealing a significant increase in net income and a record net investment income.