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Business Insurance - _Risk Management
AIG beats profit estimates on underwriting strength American International Group Inc. exceeded first-quarter profit expectations on Wednesday, driven by growth in its general insurance as well as life and retirement divisions, and lower catastrophe losses.
POSTED MAY 01, 2024 3:50 PM |
MSIG hires executive leaders
MSIG Holdings (U.S.A.) Inc., a U.S. unit of Japanese insurer MS&AD Insurance Group Holdings Inc., said Wednesday it has hired several underwriting and distribution leaders.
POSTED MAY 01, 2024 2:46 PM |
World Insurance hires M&A leader World Insurance Associates LLC Wednesday said it has hired Ken Bond as chief corporate development officer.
POSTED MAY 01, 2024 2:45 PM |
Top 10 Off Beats from April An expensive typo highlights the Top 10 Off Beats for April.
POSTED MAY 01, 2024 1:34 PM |
Amwins combines transportation MGAs Amwins Group Inc. Wednesday said it has combined managing general agents Amwins Transportation Underwriters and National Truck Underwriting Managers to form Amwins National Transportation Underwriters.
POSTED MAY 01, 2024 11:23 AM |
News Archives - Insurance Journal
AIG Profit Exceeds Expectations on Lower Catastrophe Losses American International Group Inc. (AIG) reported profit above analysts’ estimates in the first quarter as lower-than-expected catastrophe losses contributed to strong underwriting results. Adjusted earnings for the quarter were $1.2 billion, or $1.77 a share, up from $1.63 a share …
POSTED MAY 02, 2024 5:25 AM |
Southeast Seas Rising Faster than Other Regions, ‘Turbocharging’ Floods, Report Finds From the Rio Grande to the Outer Banks, sea levels are rising faster than most other parts of the world, blocking the outflow of rivers and streams and causing inland flooding that would not have been seen just a few …
POSTED MAY 02, 2024 5:01 AM |
Pennsylvania Supreme Court: No Coverage for Mother’s Distress Over Son’s Overdose Death The Pennsylvania Supreme Court has ruled that Nationwide Property and Casualty is not obligated to defend its homeowner insureds against a wrongful death claim for emotional and mental distress brought by a mother whose son died from a drug overdose …
POSTED MAY 02, 2024 5:00 AM |
Police: Athletic Director Used AI to Frame Principal With Racist Remarks in Fake Audio A high school athletic director in Maryland has been accused of using artificial intelligence to impersonate a principal on an audio recording that included racist and antisemitic comments, authorities said. Authorities said the case appears to be among the first …
POSTED MAY 02, 2024 5:00 AM |
California Contractor Pleads Guilty to Insurance Fraud After Underreporting Nearly $1M in Payroll Kent Bo Fridolfsson, 67, of Benicia, California, pleaded guilty to six charges of insurance fraud and grand theft after a joint investigation with the California Department of Insurance, Solano County District Attorney’s Office and the Employment Development Department reportedly revealed …
POSTED MAY 02, 2024 5:00 AM |
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