Broking giant Aon has estimated that global insured catastrophe losses amounted to at least $17 billion in the first-quarter of 2024, which was slightly above average by its measure.
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Q1 2024 Sets Record for Most Ransomware Attacks in a First Quarter: Corvus
As per a new report from Corvus Insurance, Q1 2024 has set a record for the most global ransomware attacks in a first quarter.
Omaha National Acquires California Domiciled Insurance Company
Omaha National Group Inc., a leading tech-enabled provider of workers’ compensation insurance, has acquired Sutter Insurance Company, a California domiciled insurance carrier that has been renamed Omaha National Casualty Company.
Investors Are Increasingly Interested in a Novel Type of Weather Insurance
Interest in startups trying to shake up the insurance industry is on the rise as weather catastrophes worsen. The latest sign: New York-based Arbol has raised $60 million in a Series B funding round.
Beazley Wary of Social Inflation Effect While Cyber Premiums Sag
Beazley plc saw lower first-quarter premiums in cyber as the group implements its excess and surplus operation and remains wary of lines affected by social inflation.
Kaiser Notifies Millions of Its Members of a Privacy Data Breach
About 13.4 million current and former Kaiser Permanente members and patients were potentially impacted by a privacy breach, the health care provider said.
Allstate Could Resume Issuing New Home Insurance Policies in CA
Allstate, one of California’s biggest home insurers, could resume writing new homeowner policies if the department of insurance approves rule changes.
Hartford Financial First-Quarter Profit Surges on Commercial Lines, Investment Gains
Hartford Financial Services Group Inc. posted higher first-quarter net income on commercial lines gains and elevated investment income.
Aon Reports 5% Growth in Q1 2024
Aon plc today reported results for the three months ended March 31, 2024.
Net Zero Panel Replaced by UN’s Forum for Insurance Transition to Net Zero
The United Nations has convened a new forum to drive progress on the insurance industry’s transition to net-zero carbon emissions after a number of carriers withdrew from an earlier incarnation amid opposition from U.S. politicians.