EARNINGS
Apr 24, 2024 01:53 PM (EDT)
Property/casualty rate increases continue to boosts the worldwide market but financial lines remain weak as social inflation weighs on the segment, said Chubb Ltd.'s chief executive officer.
SPECIAL REPORT
Apr 22, 2024 07:32 AM (EDT)
AM Best is revising its outlook on the London market insurance segment to positive from stable in its new Best’s Market Segment Report, “Market Segment Outlook: London Market Insurance."
Apr 17, 2024 08:03 AM (EDT)
Total GAAP revenue of publicly traded U.S. life/annuity companies rose year over year by 2.3% in 2023 to $287.2 billion, aided by 20% growth in investment income.
Apr 18, 2024 12:01 AM (EDT)
AM Best expects the recent extreme weather that caused severe flash flooding in the United Arab Emirates to prompt swathes of claims for motor, property and business interruption insurers in the region.
CRIME
Apr 24, 2024 02:04 PM (EDT)
Citizens Property Insurance Corp. suffered a data breach when a cyber actor hacked a system earlier in the year. It refused to pay any ransom to the attackers, consistent with recent FBI advisories, the company said.
Apr 25, 2024 05:09 PM (EDT)
Hartford Financial Services Group Inc. posted higher first-quarter net income on commercial lines gains and elevated investment income. First-quarter net income available to common stockholders rose to $748 million.
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