UniCredit SpA has expanded its holding in Italy’s largest insurer, potentially giving Chief Executive Officer Andrea Orcel more influence in future deals. Orcel said Tuesday during UniCredit’s fourth-quarter earnings call that the bank now controls more than 5% in Assicurazioni …
UniCredit Raises Generali Stake as CEO Orcel Seeks Deals Influence Read More »
The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial rule requiring thousands of public companies to disclose the threats their businesses face from risks related to the climate and …
US SEC Will Not Defend Climate Rule in Court Read More »
Municipal bonds sold by the state of Florida are poised to become much scarcer. That’s because Governor Ron DeSantis plans to pay down $1.7 billion of tax-supported debt as part of his budget proposal for the fiscal year that begins …
Cash-Flush Florida Seeks to Retire $1.7 Billion of Debt and Prepare for Storms Read More »
A potentially landmark ruling from the Florida Supreme Court, which liability insurers had hoped would greatly expand how much they can recover in subrogation actions, will have to wait for another day. In the closely watched NBIS Construction and Transport …
Case to Clarify Economic Loss Rule Settles Days Before Fla. Supreme Court Arguments Read More »
A North Carolina insurance agent is awaiting a court appearance next week after he was charged with fraudulently taking out a life insurance policy with Southern Farm Bureau Life Insurance Co. The North Carolina Department of Insurance said that Matthew …
North Carolina Insurance Agent Charged With Forgery, ID Theft on Life Insurance Policy Read More »
ERWIN, Tenn. (AP) — After 24 years of guiding whitewater trips on the Nolichucky River Gorge for other companies, Patrick Mannion finally received a permit last year to operate his own outfitter business. But following the devastation of Hurricane Helene, …
Whitewater Rafting Businesses Face Uncertain Future After Hurricane Helene Read More »
Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court’s decision towards finalizing the more than $4 billion settlement related to the 2023 Maui wildfires saying it was favorable to the company. The state’s top court had ruled against …
Hawaiian Electric Welcomes Top Court’s Ruling on $4B Wildfire Settlement Read More »
Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available for a range of commercial property classes of business. The target class of business includes apartments, condo associations, warehouses, wineries …
WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California Read More »
PADIC Elects Basi President The Pacific Association of Domestic Insurance Companies, headquartered in Auburn, California, elected Anisha Basi, general counsel for Pacific Specialty Insurance Co., to serve as PADIC president. Basi’s role at Pacific Specialty has been primarily focused on …
American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but insurance underwriting income was down 29% on high catastrophe losses. AIG said the dramatic increase in income for the quarter …
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes Read More »
