AM Best’s outlook for the global reinsurance segment is no longer positive, the rating agency announced Monday, citing the uptick in property reinsurance price drops and concerns about casualty reinsurance loss trends. The outlook is now stable, AM Best said …
Outlook on Reinsurance Has Changed; Pre-2023 Property Pricing Is Back: AM Best Read More »
Zurich Resilience Solutions (ZRS), a risk advisory and engineering service and part of Zurich Insurance, announced the formation of a specialized Data Center Risk Advisory practice, which brings together more than 100 expert risk engineers with experience supporting complex data …
Risk Advisory Zurich Resilience Solutions Starts Data Center Practice Read More »
A Massachusetts judge on Tuesday ruled prediction-markets operator Kalshi cannot let state residents bet on sports through its online platform, after the state’s attorney general accused it of running afoul of gaming regulators. Suffolk County Superior Court Judge Christopher Barry-Smith …
Kalshi Cannot Operate Sports-Prediction Market in Massachusetts, Judge Rules Read More »
More than 100 vehicles smashed into each other or slid off an interstate in Michigan on Monday as snow fueled by the Great Lakes blanketed the state. The massive pileup prompted the Michigan State Police to close both directions of …
Snowstorm Sparks 100-Vehicle Pileup in Michigan Read More »
Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% below the 21st-century average and the lowest since 2015, said …
Severe Convective Storms Become Costliest Insured Peril of 21st Century: Aon Read More »
California Department of Insurance data show one consumer advocacy group earned $1.4 million in fees last year from a program that pays people and advocates to intervene in rate hearings. Consumer Watchdog received $1,427,280.80 in fees from the state’s inventor …
Consumer Group Got $1.4M Intervening in California Rate Filings, CDI Says Read More »
Fourth quarter 2025 net income at The Travelers Cos. increased about 20% compared with the same period a year ago, to about $2.5 billion. Underwriting, lower catastrophe losses, and more favorable prior year reserve development bolstered financial results for the …
Travelers Q4 Net Income Up 20% on Underwriting, Lower Catastrophe Losses Read More »
Wells Fargo & Co. is moving the headquarters for its wealth-management business to West Palm Beach, becoming the first big bank to run that operation from the heart of the wealth boom in South Florida. The San Francisco-based firm signed …
Wells Fargo to Move Wealth Headquarters to West Palm Beach Read More »
New regulations for the consumable hemp industry were approved by the Texas Alcoholic Beverage Commission on Tuesday, concluding the agency’s involvement in a yearlong effort to more tightly regulate the products in the state. The rules change little for the …
New Regulations for Texas Hemp Industry Approved Read More »
A massive winter storm will sweep across a huge swath of the US starting Friday, freezing Texas before roaring up the East Coast, where New York City and Boston are seeing a strong chance of heavy snow by Sunday. Air …
Texas Faces Freeze While Weekend Snow Risks Rise in New York Read More »
