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Allstate's National General auto insurance brand has been sued by the U.S. Department of Justice over allegations that National General and subsidiaries "engaged in a scheme to defraud customers" by ...
Chubb said second-quarter net income was up more than 24 percent to about $2.2 billion despite higher catastrophe losses than a year ago. Catastrophe losses for the second quarter were $580 million, ...
Industry stakeholders continue to try to get a grasp of the implications from last week's massive technology outage affecting motley industries around the world, but the theme of policy language is ...
State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7 percent and 20 percent—adding fuel to a burning homeowners crisis in a state that's ...
According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a 'stable' outlook despite a stall in premium growth. Analysts at AM Best issued a ...
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an ...
Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events contributed to nearly $1.5 billion in catastrophe losses ...
A recent report from The U.S. Chamber of Commerce Institute for Legal Reform (ILR) has found that nuclear verdicts of $10 million or more are on the rise. Looking at verdicts from 2013 to 2022, ILR ...
USAA on Friday said it recorded net income for 2023 of about $1.2 billion, reversing a 2022 loss—the first for the company since 1923—of about $1.3 billion. The San Antonio, Texas-based ...
American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG executives who launched Dellwood Insurance Group but its claims ...
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