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Northwestern Mutual Generated Revenue of $36 Billion in 2023

Feb 21, 2024 Northwestern Mutual said it generated $36 billion in revenue in 2023 amid a year marked by inflation, market volatility and geopolitical conflict....

Delaware Bill Bans Life Insurers From Buying Some Consumer Data

Feb 21, 2024 A bill in the Delaware legislature would prohibit life insurance companies from buying data from direct-to-consumer genetic testing companies. If...

Beazley Creates Cyberrisk Management Company

Feb 21, 2024 Beazley has merged its in-house cyber services team with its wholly owned cyber security company Lodestone, creating an integrated cyberrisk management company, Beazley...

CFO: SiriusPoint January Renewals Were Orderly, in Line With Expectations

Feb 21, 2024 SiriusPoint Ltd. saw its January renewals largely fall in line with anticipations, as the company swung to a net gain after a year of...

Insurance Journal

Insurers’ LNG Support at Odds With Their Climate Ambition, Report Says

Feb 21, 2024 The underwriting of liquefied natural gas (LNG) capacity in the US by major global insurers is at odds with their climate ambition, according to a report...

TWIA Board Votes to Increase PML to $6.5B in 2024

Feb 21, 2024 The Texas Windstorm Insurance Association Board of Directors voted Tuesday to establish $6.5 billion as the association’s 1:100 probable maximum loss (PML) for the...

Michigan Department of Insurance Recovers $19.5M for Consumers in 2023

Feb 21, 2024 The Michigan Department of Insurance and Financial Services (DIFS) announced that the department helped recover more than $19.5 million for Michigan...

Resilience Acquires Texas-Based BreachQuest

Feb 21, 2024 Resilience, a risk management firm, has strategically expanded its capabilities through the acquisition of BreachQuest, an incident response technology solution. This move is set...

Claims Journal

Los Angeles Area on Alert for Flash Floods: Weather Watch

Feb 21, 2024 California, which has been suffering through wet weather for weeks, has more rain in the forecast. A flash flood warning is in place for downtown Los Angeles, as well as...

Sergey Brin Sued Over Deadly Crash of His Fiji-Bound Seaplane

Feb 21, 2024 Google co-founder Sergey Brin is facing a wrongful-death suit in California from the widow of the pilot who was flying one of the billionaire’s planes from Santa...

West Texas Has More Fatal Crashes Than State Average, Report Finds

Feb 21, 2024 Severe and fatal vehicle crashes occur at a higher rate in the Permian Basin than the rest of Texas, a new report released by the Texas A&M Transportation...

February Tornadoes in Wisconsin Caused $2.4M in Damage

Feb 21, 2024 The first ever tornadoes ever recorded in Wisconsin in the usually frigid month of February caused more than $2.4 million in damage, officials said. The tornadoes that ripped...