Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to first quarter 2025 results of the Ivans Index. Compared to fourth quarter 2024, all lines experienced a decrease in average premium renewal rates except umbrella. …
Renewal Rates Continue Upward YOY for Most Commercial Lines: Ivans Index Read More »
Aon Promotes Lyons to Bermuda CEO of Reinsurance Insurance broker Aon plc announced that Amanda Lyons had been appointed CEO of Aon Reinsurance Solutions Ltd. in Bermuda, effective July 1. The appointment is subject to regulatory and immigration approvals. Based …
A net 30,000 New Yorkers fled the city for Florida’s Palm Beach and Miami-Dade counties in the five years through 2022, taking with them a combined $9.2 billion in income, a new report shows. The two Florida counties gained households …
NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years Read More »
(THE CONVERSATION) The National Hurricane Center‘s forecasts in 2024 were its most accurate on record, from its one-day forecasts, as tropical cyclones neared the coast, to its forecasts five days into the future, when storms were only beginning to come …
Hurricane Forecasts Are Better Than Ever But NOAA Cuts Could Change That Read More »
Burger King must face a lawsuit claiming it misleads customers with advertisements that make its Whopper sandwich and other products appear larger than they are. In a decision on Monday, U.S. District Judge Roy Altman in Miami found it plausible …
Burger King Must Face Lawsuit Over Whopper Ads Read More »
Marsh, a business of Marsh McLennan headquartered in New York City, appointed Jim Dunn as U.S. construction practice leader. Based in Atlanta, Georgia, Dunn will report to Michael Pellegrini, U.S. and Canada specialty leader, Marsh. Dunn has over 30 years …
People Moves: Dunn Joins Marsh as US Construction Practice Leader Read More »
Insurtech Lemonade reported a first quarter 2025 net loss of about $62.4 million compared to a loss of $47.3 million a year ago during the same time. The decline, according to a letter to shareholders, was due primarily to losses …
Lemonade Posts Q1 Loss on Wildfires, Spending; Auto Product Positioned to Grow Read More »
Mutual of Enumclaw, hired insurance industry veteran Bob Otis as its new president and CEO. Otis has more than 30 years of executive-level experience in property/casualty insurance with several firms, including Allstate, USAA and National Lloyds. Most recently, he was …
People Moves: Mutual of Enumclaw Hires Otis as President and CEO Read More »
Air traffic controllers overseeing planes at Newark International Airport in New Jersey lost contact with aircraft for 30 seconds last week, U.S. Transportation Secretary Sean Duffy said on Monday. “The primary communication line went down, the backup line didn’t fire, …
Air Traffic Control Lost Contact With Newark Aircraft; DOT Vows ‘Brand New System’ Read More »
DoorDash Inc. is committing $5 million to back political candidates in New York City and state-level races in New Jersey this year, becoming the latest technology company to disclose its lobbying efforts ahead of local elections in the tristate area. …
DoorDash Is Latest Tech Firm to Commit Millions to New York City Elections Read More »
