As the Midwest begins to recover, many won’t have flood insurance, which must be purchased separately from homeowners insurance.
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AIG to Sell its Global Personal Travel Insurance and Assistance Business for $600M to Zurich
American International Group, Inc. announced that it has entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration.
CDK Global Car Dealership Cyberattack Sparks Second Personal Data Lawsuit
CDK Global said its dealership management systems won’t be back online before the end of June, as the company and the dealers it works with continue to struggle with the aftershocks of back-to-back cyberattacks.
State Farm: Severity High on Hundreds of Claims from New Mexico Wildfires
Most of the hundreds of claims State Farm has incurred from catastrophic wildfires in New Mexico are high severity, according to a company spokesperson.
IICF Hosts Regional Forums Focused on Advancing the Future of Work
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization marking 30 years representing the insurance industry through its mission of helping communities and enriching lives, hosted the IICF Regional Forums this month across five cities.
U.S. P&C Outlook: Dog Days Are Over, Reports Swiss Re
The U.S. P&C insurance industry registered its best first-quarter underwriting result in 2024 in over 15 years. After consistently weak sector results for near two years, the dog days are over.
Lockton Reports Fiscal Year ‘24 Consolidated Global Revenue of More than $3.5B and Organic Revenue Growth of 14%
Lockton, Inc., the world’s largest independent and privately held insurance brokerage, reported global revenue of $3.55 billion for its fiscal year ended April 30, 2024, compared to $3.09 billion in its previous fiscal year.
TWFG Insurance Reveals Nearly 27% Jump in Net Profit in U.S. IPO Filing
TWFG disclosed a nearly 27% jump in annual net profit on Monday, as the insurer revealed the paperwork for its initial public offering in the United States.
Florida Republican Mayors Form New Group, Wade into Property Insurance Crisis
The Florida Republican Mayors Public Policy Association is endorsing two congressional bills that would provide tax breaks for victims of disasters and those who buy flood insurance.
Majority of U.S. Employees Worried About Meeting Basic Costs, WTW Survey Finds
A majority (88%) of U.S. workers are struggling to meet basic living costs, fueling a sharp decline in retirement confidence, according to WTW.