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Shareholders of Swiss Insurers Helvetia and Baloise Approve Merger
May 23 2025 // The shareholders of the Swiss insurers Helvetia Holding Ltd. and Baloise Holding Ltd. approved the merger to form Helvetia Baloise Holding Ltd., at their respective extraordinary general meetings.Upon the closing of the...
Underwriters of the Future Are Constant Partners With Agents, Carrier Exec Says
May 23 2025 // The future of underwriting will be built on closer relationships between carriers and insurance agents, with carriers working hand-in-hand with agencies to maximize profits from books of business.That was the word from...
Washington Commissioner Issues $500K in Fines; $250K Fine for Unlicensed Insurer
May 22 2025 // Washington’s insurance commissioner issued more than $500,000 in fines for insurance law violations, including $250,000 against an unlicensed insurer and $30,000 for illegal pet insurance sales.Between January and...
Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
May 21 2025 // Direct written premiums in the U.S. homeowners insurance market rose more than 13 percent in 2024, and the net combined ratio for the line fell below breakeven for the first time in five years.Higher prices explained much...
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
May 20 2025 // Insurance industry financial strength rating agency AM Best said today that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers and may require...
Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings
May 20 2025 // Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in the fiscal year started April in a push to reduce strategic holdings in line with government...
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