Tricolor Holdings founder Daniel Chu, who faces federal fraud charges related to the collapse of the subprime auto-loan firm, won court approval to use company insurance policies to pay for his defense costs, a judge ruled Wednesday. US Bankruptcy Judge …
Tricolor Founder Can Tap Insurance for Fraud Defense, Judge Says Read More »
Allstate Corp. fourth quarter 2025 net income applicable to common shareholders was about $3.8 billion, double the $1.9 billion booked for the same quarter the prior year. Allstate’s Property-Liability business turned in a Q4 combined ratio 14 points better than …
Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples Read More »
The U.S. agency that enforces laws banning workplace discrimination said in a court filing on Wednesday it is investigating Nike for allegedly discriminating against white people through its diversity policies. The Equal Employment Opportunity Commission said in the filing that …
Nike Facing Probe Over Alleged Discrimination Against White Workers Read More »
Monrovia, CA – Feb 5, 2026 – Greenwood General, a leading Managing General Agent (MGA), has released its 2025 Wrapped report, showcasing a year of transformative growth and expanded capabilities, driven by strong broker partnerships. The report highlights significant premium …
Greenwood General Announces Record Momentum in 2025 Wrapped Report Read More »
Singapore is urging for international cooperation to curb shadow fleet vessels operating just beyond its territorial waters, as scrutiny intensifies on ships used to evade sanctions. “Singapore fully implements United Nations Security Council resolutions and does not condone illegal or …
Singapore Urges Global Cooperation to Tackle Shadow Fleet Ships Read More »
When the phaseout of ozone-destroying chlorofluorocarbons (CFCs) was first agreed in 1987, the world narrowly avoided an environmental catastrophe. However, the replacement of CFCs is causing the pollution of the Earth’s surface with a “forever chemical” that could remain in …
Chlorofluorocarbon Replacements Cause Vast ‘Forever Chemical’ Pollution: Research Read More »
Industry trade associations side with caution to ensure regulations promote safety as autonomous vehicles (AVs) share the road with traditional automobiles. The National Association of Mutual Insurance Companies and the American Property Casualty Association each submitted statements to the Senate …
Safety, State Involvement Should Be Central to AV Regulation, Says Trades Read More »
Following in the footsteps of groundhog Punxsutawney Phil, analysts from Fitch Ratings and Morningstar weighed in with these P/C insurance market forecasts in the past week: “Fitch Ratings expects the U.S. property/casualty market to continue softening in 2026, with increased …
What Analysts Are Saying About the 2026 P/C Insurance Market Read More »
The U.S. commercial insurance market is demonstrating clear signs of rate fatigue and an overall softening. Since 2017, the industry has experienced increased loss pressures from climate events, social inflation in legal judgments, and loss inflation from economic, political, and …
Viewpoint: Underwriting at an Inflection Point – The AI Advantage Read More »
Three weeks into the 2026 Florida legislative session, with bill deadlines approaching, Florida Senate President Ben Albritton said Wednesday that he expects no major changes to Florida’s property insurance laws this year. The reason: Landmark legislation passed in 2022 and …
