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Allstate Q2 Income Eclipses $2B as Auto Turns in Combined Ratio of 86

by lpiccitto | Jul 31, 2025 | Uncategorized

Allstate Corp. second quarter 2025 net income applicable to common shareholders was about $2.1 billion, far exceeding the $301 million booked for the same quarter a year ago. The result this year reflects an after tax gain of $643 million …

Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions

by lpiccitto | Jul 30, 2025 | Uncategorized

Insurance data analytics and technology firm Verisk said it has an agreement in place to acquire AccuLynx, a software-as-a-service platform designed for residential roofing contractors, for $2.35 billion. Verisk said in a July 30 announcement that both companies play...

Two Georgia Men Denied Bond After Charged With Large Cache of Homemade Bombs

by lpiccitto | Jul 30, 2025 | Uncategorized

Two Georgia men, denied bond, are in jail awaiting court action after they were charged with possessing a large amount of homemade explosive devices. The Georgia Office of Insurance Commissioner and State Fire Marshal’s Office, along with the Floyd County …

People Moves: LSM Hires Nelson, Ciraci and Prout to Boost Renewables Offering; BMS Promotes Wookey to Managing Director, Bermuda Product Line Development

by lpiccitto | Jul 30, 2025 | Uncategorized

This edition of International People Moves details appointments at Liberty Specialty Markets and the broker BMS. A summary of these new hires follows here. Liberty Specialty Hires Nelson, Ciraci and Prout to Boost Renewables Offering Liberty Specialty Markets (LSM),...

Cotality Estimates $1.1B in Damage to Residential Buildings from Central Texas Floods

by lpiccitto | Jul 30, 2025 | Uncategorized

Cotality estimates that the recent Central Texas flash floods caused $1.1 billion in damage to residential buildings, with the National Flood Insurance Program providing as much as $135 million in insurance recoveries to home and business owners across the impacted...

Brown & Brown’s Profit Climbs on Fee and Commission Growth

by lpiccitto | Jul 30, 2025 | Uncategorized

Brown & Brown (BRO.N) posted a rise in second-quarter profit on Monday as the insurance broker benefited from higher commissions and fees driven by growing demand. Insurance spending has continued to grow, even as businesses and individuals pull back in …
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