Manulife integrates insurance, investments in one app
MANULIFE Philippines and Manulife Investments Philippines have integrated their insurance and investment services into a single digital platform, allowing customers...
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United States Property And Casualty Insurance Market Shifts
The storm didn’t knock. It arrived unannounced, rattling windows, flooding streets, and leaving behind more than just damage. For millions...
Zero-hours workers face rental exclusion from insurance
A tribunal ruling has exposed how rent guarantee insurance criteria are preventing workers on zero-hours contracts from accessing rental properties,...
Indian rupee strengthens 25 paise as RBI curbs dollar demand from oil firms
The Indian currency strengthened by 25 paise to 92.95 against the US dollar in early trade on Friday, supported by...
Households reduce investments in fixed deposits, insurance and small savings
The rally in stock prices between 2022 and last quarter of 2024 seems to have made households reduce fixed income...
UBS names Miami the world’s most at risk of housing collapse
Miami’s housing market is losing its sizzle — and fast. Once hailed as a pandemic boomtown, the city has now...
Florida property insurance market: New companies increase competition
On the heels of the Florida property insurance market’s most profitable year in nine years — despite three hurricanes hitting...
Florida property insurer wants to increase rates 31%. More to come?
See a tornado that formed over Alligator Alley during Hurricane MiltonThe tornado formed Tuesday, Oct. 9, 2024, over Alligator Alley...
Florida insurance execs’ pay of $50M raises worry about firms failing
Amid reports about eye-popping insurance executive pay and undercapitalized new insurance companies, leaders of the state-run insurer are raising an alarm about the potential of a new cycle of insurers going under — again.The Citizens Property Insurance Corp. met June 25, shortly after revelations that two executives of the 3-year-old, Tampa-based Slide Insurance — one of the companies now collecting premiums from former Citizens’ policyholders — were paid $50 million in their first two full years running the business.'Grotesque': Husband-wife insurance execs earn more than $50 million in 2 yearsCharles...
US insurers take $1.1bn hit amid first-quarter losses – The Royal Gazette
Created: Jun 09, 2025 07:16 PM (Updated: Jun 09, 2025 08:06 PM) The Eaton Fire in January destroys a structure in Altadena, California (Photograph by Ethan Swope/AP)The US property and casualty insurance industry posted a $1.1 billion net underwriting loss in the first quarter, a sharp reversal from a $9.4 billion gain during the same period last year, according to a new report by AM Best, the credit rating agency.The losses were largely attributed to January’s devastating wildfires in California, which drove catastrophe-related claims sharply higher. AM Best estimates that...