INSURANCE NEWS
The Hartford Q3 Net Income Up 41%
Net income at The Hartford increased 41% to about $1.1 billion in the third quarter 2025. Q2 property/casualty written premiums increased 7% compared to Q3 2024, led by growth of 9% in the business insurance segment. Helped by lower catastrophe …
Security First the Latest in Florida to Announce Home Insurance Rate Cut
Security First Insurance, ranked the 15th largest property insurer in Florida earlier this year, announced it has filed for an 8% average statewide rate decrease for thousands of homeowners policies, making it the latest carrier to follow through on expectations …
J&J Talc Cancer Suits Rise 17% After Failed Settlement Push
Johnson & Johnson has seen a 17% jump in new lawsuits claiming its iconic baby powder causes cancer after the company’s latest attempt to force a global settlement was thrown out of bankruptcy court. J&J is facing approximately 73,570 suits …
Virginia’s Lawsuit Against TikTok Gets Green Light to Proceed in State Court
Virginia’s lawsuit against TikTok and its China-based parent company ByteDance Ltd. will move forward in state court, despite TikTok’s efforts to have it dismissed. Richmond City Circuit Court Judge Richard B. Campbell ruled on October 24 that the case brought …
Transportation Secretary May Pull $160M From California Over Noncitizen Truck Licenses
U.S. Transportation Secretary Sean Duffy warned that he is about make good on a threat to revoke millions in federal funds for California because he says the state is illegally issuing commercial driver’s licenses to noncitizens. In an appearance on …
Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says
A commercial truck driver who is charged with killing three people in a deadly crash in Florida in August had failed a commercial driver’s license test 10 times in the span of two months in 2023 in Washington state, before …
Wright Flood’s Buy of Poulton Associates to Create Largest Flood Insurance Provider
Wright National Flood Insurance Company said its affiliate, Wright National Flood Insurance Services, an operating company of Arrowhead Programs, has entered into an agreement to acquire the assets of Poulton Associates. Poulton, one of the top providers of private flood …
Swedish PE Firm EQT Offers to Buy Australian Insurance Broker AUB in $3.4B Deal
Australia’s AUB Group said on Tuesday it had granted Swedish private equity EQT exclusive access to its books after receiving a takeover offer which values the insurance broking company at A$5.25 billion ($3.41 billion). Under the proposal, EQT is offering …
Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing
Last Christmas, the tanker Yug cruised out of the Chinese port of Qingdao after offloading 2 million barrels of sanctioned Iranian oil. Near the Arctic, a vessel carrying Russian crude churned through icy seas, bound for India. Six thousand miles …
Ryan Specialty Agrees to Acquire Canadian MGU Stewart Specialty Risk Underwriting
Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU). Terms of the deal were not disclosed. SSRU is a managing general underwriter (MGU) based in Toronto, Canada, …
Ex-PIMCO Executive Plans to Launch Europe’s First ETF Based on Catastrophe Bonds
Europe may soon get its first exchange-traded fund based on catastrophe bonds. An application to register the ETF was filed in Ireland, according to Rick Pagnani, co-founder and chief executive officer of King Ridge Capital Advisors. “This is an opportune …
Hurricane Melissa Nears Jamaica as Island’s Worst-Ever Storm
Jamaican officials urged residents to brace for Hurricane Melissa as it tracked toward the island at Category 5 strength, packing intense rains and winds and threatening to cause widespread destruction. Melissa’s top winds are holding at 175 miles (282 kilometers) …