Swiss Re on Thursday reported a net income of $1.1 billion or $3.76 per share for the first quarter of 2024. Insurance revenue for the period from January to March was $11.7 billion, the company said.
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IBC: Canadian Auto Theft Losses Accelerate to $1.1B; Luxury Cars Popular Target
Stolen vehicle insured losses accelerated to C$1.5 billion ($1.1 billion) for most Canadian provinces in 2023, compared with C$1.3 billion in losses a year earlier, according to the Insurance Bureau of Canada.
U.S. P&C Underwriting Losses Narrow as Key Lines Still Struggle
U.S. property and casualty insurers overall saw better underwriting results in 2023, but performance worsened in certain important business lines, according to an analysis by S&P Global Market Intelligence.
Berkshire Hathaway Reveals $6.7B Investment in Chubb Stock
Berkshire Hathaway Inc. has purchased nearly 26 million shares of Chubb Ltd. stock, totaling just over $6.7 billion, the company revealed in a regulatory filing.
U.S. Lawmakers Seek $32B to Keep American AI Ahead of China
A bipartisan group of senators, including Majority Leader Chuck Schumer, on Wednesday called on Congress to approve $32 billion in funding for artificial intelligence research to keep the U.S. ahead of China in the powerful technology.
New INSTANDA, UnderwriteMe Collaboration Enables Greater Scalability, Agility and Reach for Life Insurers
INSTANDA, the global provider of no-code insurance platform technology, today announces an integration with UnderwriteMe, a comprehensive SaaS underwriting platform provider for the life insurance industry.
Gen Z Is Lying to Insurance Companies
Gen Z isn’t above lying to insurance companies to get better rates, and they feel the least guilty about it.
18 States Challenge EEOC Guidance on Harassment Based on Gender Identity
Tennessee — along with 17 other states — filed a lawsuit Monday against the U.S. Equal Employment Opportunity Commission, alleging the agency’s recently released harassment guidance unlawfully expands Title VII of the Civil Rights Act of 1964.
Berkley Service Professionals Announces New Manufacturers E&O Product
Berkley Service Professionals, a division of Berkley Alliance Managers, a Berkley company, specializing in professional liability insurance products for miscellaneous non-medical service professionals, announces the launch of their new Manufacturers E&O product.
Roamly Launches Open Platform ‘Roamly Carshare,’ with Getaround as Flagship Customer
Roamly, the leading API-enabled digital insurance platform, today announced the launch of its proprietary Carshare Insurance product designed specifically for commercial fleet vehicle operators.