Net income at The Hartford increased 11% to $848 million in the fourth quarter 2024, driven by premium growth in commercial and personal lines. Net income attributable to shareholders went up 24% for the year to $3.1 billion. Property/casualty net …
The Hartford Sees Q4 Net Income Rise 11%, Strengthens GL Reserves Read More »
Brand new Florida home insurer Mangrove Property Insurance Co. has received a Financial Stability Rating (FSR) of “A, Exceptional” from Demotech, Inc., a financial analysis firm that specializes in rating regional and specialty insurers. As previously reported by Insurance Journal, …
Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating Read More »
Not far from where Ceci Carroll lives, a rock-mining company has polluted the air with dust across the San Gabriel Valley, she said. Now, as crews clean charred remains from the Los Angeles wildfires, she worries about a new potential …
Amid Clean up From LA Wildfires, Some Residents Furious Over Hazardous Waste Read More »
The New York State Department of Motor Vehicles said it helped consumers recover more than $11 million in stolen vehicles, stolen parts, services and lost titles, in 2024. According to the DMV, it recovered 303 stolen vehicles — valued at …
New York Recovers $11 Million in Stolen Cars and Parts, Lost Titles Read More »
The airspace around Washington, D.C., is congested and complex — a combination aviation experts have long worried could lead to catastrophe. Those fears materialized last Wednesday night when an American Airlines plane collided with a military helicopter, taking the lives …
Pilots Have Long Worried About DC’s Complex, Congested Airspace Read More »
Australian officials urged residents in the northeastern city of Townsville and adjacent areas to evacuate as torrential rains raised the risk of a flood disaster in the area. Some parts of the north in Queensland state have had more than …
Australia Urges Residents in Northeast to Evacuate on Flood Risk Read More »
As governments grapple with what to do about DeepSeek, China’s hot new AI model — including outright bans — the UK is issuing a warning to its citizens and business: be careful. “Ultimately it is a personal choice for people, …
UK Warns DeepSeek Users of Data Risks But Won’t Yet Ban It Read More »
RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at 1/1. Kevin O’Donnell, president and chief executive officer, referencing an industrywide …
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs Read More »
The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the rest of the economy in the years following the Brexit referendum. Financial and insurance output has grown just 2.8% since …
City of London Hit Harder Than Rest of Economy Since Brexit Vote Read More »
Lawyers at the U.S. Securities Exchange Commission (SEC) have been told they need to seek permission from the politically appointed leadership before formally launching probes, two sources briefed on the matter said, in a marked change in procedure that could …
SEC’s Republican-Led Commission Tightens Oversight of Probes, Sources Say Read More »
