Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announces its Full Year 2023 financial results, which demonstrate solid profitability on both the underwriting and investment sides, and a strong balance sheet.
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Lawyers Gear Up for Swift Start in Legal Fight Over Baltimore Bridge
The first shot in the legal fight over who will pay for the damage and loss from the collapse of the Francis Scott Key Bridge will likely occur in the next few days in a Baltimore courtroom, insurance academics said.
Marine Insurance Industry Bracing for Huge Claims from the Baltimore Bridge Disaster
Insurance claims from the collision of the Dali containership with the Francis Scott Key Bridge could be on par with a 2012 maritime disaster that led to $1.5 billion in payouts, John Miklus, the president of the American Institute of Marine Underwriters, told trade magazine Insurance Business on Tuesday.
Marine Mutual Britannia Confirms Insurance Role in Baltimore Bridge Ship Collision
A marine protection and indemnity insurer confirmed it is part of coverage for a container ship that hit a bridge in Baltimore, collapsing the bridge and causing unknown damage at this time.
SEC Ramps Up Massive-Hack Probe With Focus on Tech, Telecom Companies
The U.S. Securities and Exchange Commission is asking tech and telecom companies how they handled the sprawling 2020 SolarWinds cyberattack, and drawing fire from the cybersecurity industry and big business for what they call overreach.
Progressive Insurance Begins Dropping Homeowners Policies in Florida
It was a sinking feeling the moment Bradenton resident Ira Kasdan got the letter last month that he was being dropped by Progressive Insurance.
Tennessee Grows Captive Count in 2023
Tennessee licensed 25 new captives in 2023, as well as 66 new cell captives, bringing its captive count to 164 active captives and 555 active cell captives, marking a 37 percent overall rise in its number of risk-bearing entities.
AI Makes Voice Cloning Scams More Convincing
Voice cloning scams have been around for years. However, the cons continue to evolve as AI improves and becomes more accessible and easier to use.
Amwins Program Underwriters Announces New Home Health Care HNOA Program
Comprehensive program provides coverage for home health care workers actively helping seniors where they need it most Amwins Program Underwriters (APU), part of the Amwins Underwriting division, today announced the launch of their new Home Health Care HNOA program designed to provide hired and non-owned auto liability coverage for home health care operations. This specialized… Continue reading Amwins Program Underwriters Announces New Home Health Care HNOA Program
Underwriting Losses Persist in U.S. P/C Industry, Total $21.2B in 2023
The U.S. property/casualty (P/C) industry recorded a $21.2 billion net underwriting loss in 2023, slightly improving upon the $24.9 billion loss recorded in the prior year, according to a new AM Best report.