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Zurich Insurance Sees No Material Loss From Hurricane Melissa, CFO Says
Zurich Insurance does not expect any material financial losses from claims related to Hurricane Melissa, the insurer’s finance chief Claudia Cordioli said on Thursday. “A large number of members of those communities and businesses were uninsured. So you should expect …
POSTED NOVEMBER 06, 2025 1:43 PM |
Pennsylvania Reelects Supreme Court Justices, Extending a Democratic Majority
All three of the Pennsylvania Supreme Court justices who sought reelection Tuesday will get another term, ensuring Democratic jurists keep their majority on the presidential battleground state’s highest court — one at the center of pivotal fights over voting rights, …
POSTED NOVEMBER 06, 2025 1:32 PM |
Charlie Javice Accuses JPMorgan of ‘Hypocrisy’ on Legal Bills
Charlie Javice, who was convicted of defrauding JPMorgan Chase & Co., called the bank “hypocritical” for objecting to paying her legal bills, pointing out that it hired dozens of lawyers itself. JPMorgan has asked a Delaware court to end its …
POSTED NOVEMBER 06, 2025 1:18 PM |
Allstate More Than Triples Q3 Net Income to $3.7 Billion
Allstate Corp. third quarter 2025 net income applicable to common shareholders was about $3.7 billion, more then triple the $1.2 billion booked for the same quarter a year ago. Allstate’s Property-Liability business turned in a Q3 combined ratio more than …
POSTED NOVEMBER 06, 2025 1:08 PM |
People Moves: Acrisure Appoints Radelet Chief Corporate Affairs Officer; Carbon Hires Bright to Lead US Underwriting
Acrisure, headquartered in Grand Rapids, Michigan, appointed Aaron Radelet as chief corporate affairs officer. In this newly created role, Radelet oversees the company’s corporate brand and reputation strategy globally, including communications, public affairs, corporate citizenship and events. He will serve …
POSTED NOVEMBER 06, 2025 8:14 AM |
Here’s How Much Hurricane Melissa Was Worsened by Climate Change
Hurricane Melissa became the most powerful storm on record to strike Jamaica in part because of water made hotter and air made wetter by global warming, a new analysis has found. The storm was also one of the strongest to …
POSTED NOVEMBER 06, 2025 7:31 AM |
Deaths and Illnesses Reported in Listeria Outbreak Tied to Recalled Pasta Meals
Two new deaths and seven more illnesses have been reported in an expanding outbreak of listeria food poisoning tied to recalled pasta meals sold at grocery stores including Walmart and Trader Joe’s in many states. In total, at least six …
POSTED NOVEMBER 06, 2025 6:10 AM |
MMA Sues Former Specialty Marine Head Over Move to Howden US
Marsh McLennan Agency is going after a single employee, who came over in the acquisition of McGriff Insurance Services, for leaving for Howden US—taking 17 coworkers and over 30 clients representing $4 million in annual revenue. According to a lawsuit …
POSTED NOVEMBER 06, 2025 6:05 AM |
Tech University Students Think Tiny Drones Inspired by Bats Could Save Lives
Don’t be fooled by the fog machine, spooky lights and fake bats: the robotics lab at Worcester Polytechnic Institute lab isn’t hosting a late Halloween party. Instead, it’s a testing ground for tiny drones that can be deployed in search …
POSTED NOVEMBER 06, 2025 6:00 AM |
Anchored in Maritime Roots, the Cayman Islands Set Sail for Reinsurance Opportunities
The Cayman Islands have a story familiar to many in insurance—entering the industry unexpectedly from somewhere else. In fact, the islands went from sustaining the economy as an exporter of thatch rope to becoming a thriving reinsurance hub in just …
POSTED NOVEMBER 06, 2025 5:22 AM |
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