Insurer Chubb booked fourth quarter net income 24.7% higher than a year ago at about $3.2 billion. Results included record P/C underwriting income of $2.2 billion, up nearly 40% over the same period in 2024. The P/C combined ratio was …
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio Read More »
This edition of International People Moves details appointments at Marsh, Tokio Marine Kiln (TMK), and Everest Group. A summary of these new hires follows here. Marsh Names Quest as UK CEO, Succeeding Lay Insurance broker Marsh announced the appointment of …
Plaintiffs claiming punitive damages in lawsuits must meet a high bar, a Florida appeals court found in overturning a trial court’s decision in a fatal accident involving an online car-sharing platform. Turo Inc., a firm that connects renters with automobile …
Florida Appeals Court Blocks Punitive Damages Claim in Car-Sharing Crash Case Read More »
Allianz Commercial announced it is relocating its Chicago office to a newly designed workspace at 155 North Wacker Drive, located in the city’s Financial District. The new office spans nearly 28,000 square feet and was designed to support the company’s …
Allianz Commerical Relocates Chicago Office Read More »
Specialty Program Group, a specialty platform headquartered in Chicago, is consolidating its transportation businesses under a single platform: SPG Transportation. Avant Brokerage, Avant Underwriters, BizCHOICE Transportation and MOVER’S CHOICE will now operate as a unified platform – SPG Transportation. SPG …
Specialty Program Group Launches SPG Transportation Read More »
A McDonald’s franchisee in Oklahoma has settled a federal lawsuit alleging a teenage worker was sexually harassed by a male supervisor. Arch Fellow North, LLC, owner and operator of eight McDonald’s restaurants in eastern Oklahoma, will pay $80,000 and provide …
Oklahoma McDonald’s Franchisee Settles Sexual Harassment Lawsuit Read More »
Texas’ environmental regulator last week issued the largest air pollution permit in the country to an enormous planned complex of gas power plants and data centers near the oilfields of the Permian Basin, according to an announcement from the project’s …
Texas Data Centers to Rely on Gas Power Plants Read More »
Consumers of auto insurance in the U.S. received a respite overall from several years of premium increases, but don’t tell that to drivers in some states and don’t look for it to continue. According to online insurance agent Insurify, the …
Florida endured another day of bitter cold that damaged the state’s citrus crop and prompted a local utility to ask residents to reduce electricity use. Freeze warnings and cold weather advisories cover a large portion of the state, the National …
Florida Cold Damages Citrus Crop, Strains Power Supplies Read More »
The late January winter storm will caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes privately insured …
KCC: Winter Storm Fern to Cause $6.7M in Insured Losses Read More »
