As property investors follow population growth in disaster-prone areas, insurers are facing new challenges, according to a recent Wall Street Journal article.
Author: Maria Valdez Haubrich
Property & Casualty Insurance Industry: Positioned for Growth Amid Economic Expansion
According to a report by Zacks Investment Research, the Property and Casualty (P&C) insurance industry is experiencing significant growth, driven by a robust economic environment, technological advancements, and rising demand for insurance coverage.
California Insurance Commissioner Bans Policy Cancellations for Fire Victims
California Insurance Commissioner Ricardo Lara has banned insurance companies from canceling or non-renewing policies for residents affected by the Airport, Bridge, and Line fires.
Insurance Industry Faces Challenges as Progressive Limits Texas Coverage
The insurance industry in Texas is navigating turbulent waters as Progressive joins a growing list of companies scaling back homeowner coverage in the state.
How Ricardo Lara Plans to Fix California’s Insurance Crisis
At a recent CalMatters event, California Insurance Commissioner Ricardo Lara discussed his plan to address the crisis and restore stability to the market.
Florida Launches New Squads to Combat Property Insurance Fraud
At the Florida Chamber Annual Insurance Summit last week, state Chief Financial Officer (CFO) Jimmy Patronis announced the formation and deployment of two new property insurance fraud-fighting squads.
AIG Appoints Keith Walsh Executive Vice President, Chief Financial Officer
American International Group, Inc. (AIG) has announced that Keith Walsh will join the company as Executive Vice President, Chief Financial Officer, effective October 21, 2024.
New Port Disruption Insurance Offers Relief Amid Global Shipping Chaos
In response to growing risks in the global shipping industry, Marsh, a leading broker, and Tokio Marine Kiln (TMK), a Lloyd’s underwriter, have teamed up to launch a groundbreaking business interruption insurance facility for ports.
ReSource Pro Launches New Direct Bill Complete for Agents and Brokers
Comprehensive solution helps agents and brokers quickly and accurately reconcile their direct bill commissions.
U.S. Property/Casualty Industry Records $3.8 Billion Underwriting Gain in First-Half 2024
According to a new AM Best report, the U.S. property/casualty (P/C) industry recorded a $3.8 billion net underwriting gain in the first half of 2024, a significant improvement from the $24.0 billion loss recorded in the same prior-year period.