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Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market, Specialty

by lpiccitto | Aug 8, 2025 | Uncategorized

Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a record US$4.2 billion and core return on equity hit a best-ever number of 26.3%. What is the reason for Zurich’s …

Homeowners Insurers Still Boosting Rates; Top Carriers Ranked: AM Best

by lpiccitto | Aug 8, 2025 | Uncategorized

Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate increases to keep profits going, a new report says. According the...

Two South Carolina Women Charged With Fake Hit-and-Run Scam

by lpiccitto | Aug 8, 2025 | Uncategorized

Two South Carolina women filed an auto accident claim with First Acceptance Insurance Co. in May and were paid more than $25,500 for bodily injury medical expenses. Then investigators found out that the women had fabricated the entire incident, the …

ALKEME Acquires Virginia’s Innovative Insurance Group

by lpiccitto | Aug 8, 2025 | Uncategorized

California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies. This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, according to Curtis Barton, CEO...

2 South Carolina Deputies Hurt by Live Rounds Kept in Baggie in Desk Drawer

by lpiccitto | Aug 8, 2025 | Uncategorized

COLUMBIA, S.C. (AP) — Two deputies shot and injured in a training exercise in South Carolina were wounded by ammunition taken from a plastic bag in a desk drawer and not property tested to see if they were blanks, a …

NC Residents Can Now Seek State Aid After Tropical Storm Chantal

by lpiccitto | Aug 8, 2025 | Uncategorized

RALEIGH, N.C. (AP) — Individuals in central North Carolina counties whose homes and belongings were damaged by massive rains last month from Tropical Storm Chantal can now seek state-funded financial grants for temporary assistance. The aid for residents in eight...
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