French insurer AXA reported better-than-expected full-year earnings on Thursday, boosted by increased premiums from individual insurance policies and fewer claims for natural catastrophes. Full-year net income jumped by 10% from a year earlier to 7.89 billion euros ($8.28 billion), beating …
AXA Earnings Beat Estimates as it Avoids Worst of Los Angeles Fire Claims Read More »
Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the January blaze. The …
Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires Read More »
The last three years have exposed a growing challenge for insurance carriers: attracting, hiring and retaining young talent. Despite the passing of the so-called “Great Resignation,” the insurance industry continues to face significant workforce challenges. The Bureau of Labor Statistics …
Viewpoint: Attracting and Retaining Gen Z to Quell the Insurance Talent Crunch Read More »
The head of the world’s largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used aircraft or engines if and when its markets reopen but that he saw no rush by Western lessors to resume …
AerCap CEO Sees No Quick Return to Russia if Market Reopens on Insurance Concerns Read More »
After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to its surplus lines insurer – only to find the insurer denied the claim on the assertion that a commercial lines …
Oklahoma Supreme Court: Insurer Must Provide Direct Renewal Notice to Named Insured Read More »
It was not your typical smash-and-grab burglary and the booty was precious: a toilet worth more than its weight in gold. The one-of-a-kind 18-carat gold toilet was swiped in under five minutes from Blenheim Palace, the sprawling English country mansion …
Prosecutor Says Golden Toilet Was Stolen From English Palace in ‘Audacious Raid’ Read More »
Members of the IU Indianapolis men’s basketball team are unhurt and back home Monday, a day after their bus caught fire on Interstate 275. The school posted a message on X on Sunday that all team and staff members were …
IU Indianapolis Basketball Team Bus Catches Fire; Players Safe Read More »
The U.S. will invest up to $1 billion to combat the spread of bird flu, as well as increase imports of eggs in an effort to drive down high prices, agriculture secretary Brooke Rollins said on Wednesday. A three-year bird …
US Will Spend Up to $1 Billion to Combat Bird Flu, USDA Says Read More »
A Maryland woman pleaded guilty to defrauding USAA Insurance out of more than $58,000 in water damage claims by using faked invoices and photos. She was sentenced this week to five years in prison, but a judge suspended all but …
Maryland Woman Got $58K from USAA on Fake Water Claim. So She Tried Again. Read More »
Surety carriers providing bonds for elected officials in Georgia this week discovered that a statute of limitations on claims litigation is only three years in some cases – not six or 20 years as one insurer had initially believed. “…Because …
Statute of Limitation on Officials’ Surety Bonds Action is 3 Years, Georgia Court Says Read More »
