Marsh McLennan reports consolidated revenue during the third quarter of $6.4 billion, an increase of 11% over Q3 2024, or 4% on an underlying (organic) basis, level with Q3 2024. John Doyle, President and CEO, […]
As many as 22 states face the risk for severe thunderstorms, hail and damaging wind gusts over the next several days, meteorologists say. A front over the Central/Southern Rockies is expected to move northeastward, producing […]
Two weeks into the expiration of the National Flood Insurance Program, one of the insurance industry’s trade associations is once again calling for a reauthorization. The National Association of Mutual Insurance Companies (NAMIC) on Oct. […]
Top Republicans in the Texas Legislature have announced the creation of committees tasked with “getting to the bottom of” the July flooding that killed more than 130 people, including 25 young girls and two teenage […]
Arthur J. Gallagher & Co. announced the acquisition of Rochester Hills, Michigan-based Strategic Services Group, Inc. Terms of the transaction were not disclosed. Strategic Services Group provides employee benefits consulting services across a range of […]
Global insured losses from natural catastrophes during the first nine months of 2025 are estimated to hit US$105 billion, bringing the sixth consecutive calendar year with losses topping US$100 billion and the eighth year since […]
A former Crum & Forster executive and a London-based underwriter incubator have teamed up to launch a new specialty insurance company based in Charlotte, North Carolina. 1889 Specialty Insurance plans to offer professional lines coverage […]
The blast that killed 16 workers at a military explosives plant in Tennessee last week likely could have been prevented with better safety measures and accountability, the National Council for Occupational Safety and Health said […]
Third quarter net income at The Travelers Cos. increased 50% compared with the same period a year ago, to about $1.9 billion on lower catastrophe losses. Catastrophe losses for the third quarter this year were […]
HSB Canada, a specialty insurer and part of Munich Re, introduced HSB CyberPro™, a new solution that provides comprehensive insurance coverage and services for businesses. HSB CyberPro combines specialized cyber claims service, active threat monitoring, […]
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