by | Nov 1, 2024 | Uncategorized
Jack Stinnett got life-changing news in 2020 when he learned the lump that appeared on the side of his neck was tongue and mouth cancer. He and his wife Karen quickly enrolled him at MD Anderson Cancer Center in Houston, …
by | Nov 1, 2024 | Uncategorized
Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and severity of weather-related losses and in …
by | Nov 1, 2024 | Uncategorized
Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a surcharge on premiums. And a number of Florida property...
by | Nov 1, 2024 | Uncategorized
Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes, primarily in Florida, highlighting the risks extreme weather and climate change pose to banks. Two devastating...
by | Nov 1, 2024 | Uncategorized
A military contractor accused of contributing to the abuse of detainees at Iraq’s Abu Ghraib prison two decades ago is again on trial in a federal courtroom after a long-awaited civil case earlier this year ended with a hung jury. …
by | Nov 1, 2024 | Uncategorized
AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year high that was driven mainly by favorable investment income and strong underwriting performance. The fundamentals are excellent but Hurricanes Helene...
