Travelers has published its first quarter 2024 financial results, reporting 16% growth in net income despite an elevated level of catastrophe losses compared to the prior year quarter.
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MGM Resorts Sues FTC to Stop Investigation of Casino Hack
MGM Resorts International sued the Federal Trade Commission to stop an investigation into how it dealt with a cybersecurity attack last year.
Florida Insurance Market Full of ‘Low Quality’ Companies, Study Find
The vast majority of small insurers operating in Florida are considered so financially weak that they wouldn’t typically meet federal guidelines allowing them to back mortgaged homes.
HDI Global Expands Mid-Market Commercial Lines Presence
HDI Global said it is expanding its operation to include clients in the mid-market segment that have turnover of between €20 million ($21.3 million) and €500 million.
Average Premium Renewal Rates Remain Up Year Over Year: Ivans
The first quarter results of 2024 showed premium renewal rate change for all major commercial lines of business except Workers’ Compensation are up year over year. Q1 2024 experienced an increase in average premium renewal rate change across all major commercial lines compared to Q4 2023.
U.S. Cyber Insurance Maintains Strong Profits; Premium Growth Slows
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, Fitch Ratings says.
Baltimore to Pursue Legal Action Following Key Bridge Collapse
Baltimore Mayor Brandon Scott said Monday that the city had hired attorneys to pursue legal action against the operators of the cargo vessel that struck and toppled the Francis Scott Key Bridge last month, the same day the FBI confirmed it had opened a criminal probe.
Landlords Pass on Insurance Costs to Renters
The costs of rising insurance is not sparing rental properties, and landlords say they too are struggling with the hikes and demands by insurers.
IICF Midwest to Honor H.W. Kaufman Group Executive Vice President Jodie Kaufman Davis at 2024 Blazing the Trail Gala in Chicago
The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, will honor Jodie Kaufman Davis, Executive Vice President of H.W. Kaufman Group, with its prestigious Trailblazer Award for philanthropic excellence and industry leadership.
Roku Says 576,000 User Accounts Hacked after Second Security Incident
Streaming giant Roku has confirmed a second security incident in as many months, with hackers this time able to compromise more than half a million Roku user accounts.