In an emergency financial maneuver, the state-chartered insurance associations of Florida and Louisiana have been forced to borrow a combined $1.3 billion to cover insurance claims caused by worsening hurricanes.
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AIG Buoyed by Higher Premiums on Business Insurance
AIG showed continued improvement in its core business-insurance operations, but a weaker and shrinking share of income from a life-insurance unit being divested kept its operating income relatively flat.
Q2 2023 Airline Insurance Market Renewal Outlook: WTW
Healthy market capacity is currently keeping aviation insurance rates stable, but there is mounting pressure.
White House Summons Tech Giants Over AI Dangers
The White House on Thursday summoned the CEOs of US tech giants to strategize about the dangers of artificial intelligence.
In Memoriam: George Nordhaus
It’s with great fondness we pay tribute to George Nordhaus, an insurance marketing pioneer and genuine people person, who passed away on April 24, 2023, at the age of 90.
NOAA Upgrades Storm Surge Forecast Model in Time for Hurricane Season
The NOAA announced Tuesday it has upgraded its storm surge model to improve forecasts for high-impact weather in time for the 2023 hurricane season, which begins June 1.
NY and CA AGs Launch Investigation Into the NFL Over Employment Discrimination
Attorneys general of California and New York are investigating the National Football League for employment discrimination and a hostile work environment.
Allstate Reports Q1 Net Loss Driven by $1.69B Catastrophe Hit
Allstate Corporation has reported a net loss of $346 million in Q1 of this year, compared to a net income of $634 million in the same quarter of 2022.
Brownyard Expands Memorialpro to 36 Additional States
Memorialpro, the insurance program for cemeteries, is now available nationally.
Attacks on Delivery Drivers Add Safety Fears Among Gig Workers
A series of attacks on drivers of ride-hailing and food delivery companies has sent new ripples of fear among some app-based drivers, who say company safety policies are still better geared toward customers than workers.