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Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio
Insurer Chubb booked fourth quarter net income 24.7% higher than a year ago at about $3.2 billion. Results included record P/C underwriting income of $2.2 billion, up nearly 40% over the same period in 2024. The P/C combined ratio was …
POSTED FEBRUARY 03, 2026 9:46 PM |
People Moves: Marsh Names Quest as UK CEO, Succeeding Lay; TMK Taps Carpenter’s Sitki as Cyber Re U/W; Everest Promotes 2 Key Leaders in Facultative & Hybrid Re
This edition of International People Moves details appointments at Marsh, Tokio Marine Kiln (TMK), and Everest Group. A summary of these new hires follows here. Marsh Names Quest as UK CEO, Succeeding Lay Insurance broker Marsh announced the appointment of …
POSTED FEBRUARY 03, 2026 5:14 PM |
Florida Appeals Court Blocks Punitive Damages Claim in Car-Sharing Crash Case
Plaintiffs claiming punitive damages in lawsuits must meet a high bar, a Florida appeals court found in overturning a trial court’s decision in a fatal accident involving an online car-sharing platform. Turo Inc., a firm that connects renters with automobile …
POSTED FEBRUARY 03, 2026 5:05 PM |
Allianz Commerical Relocates Chicago Office
Allianz Commercial announced it is relocating its Chicago office to a newly designed workspace at 155 North Wacker Drive, located in the city’s Financial District. The new office spans nearly 28,000 square feet and was designed to support the company’s …
POSTED FEBRUARY 03, 2026 4:50 PM |
Specialty Program Group Launches SPG Transportation
Specialty Program Group, a specialty platform headquartered in Chicago, is consolidating its transportation businesses under a single platform: SPG Transportation. Avant Brokerage, Avant Underwriters, BizCHOICE Transportation and MOVER’S CHOICE will now operate as a unified platform – SPG Transportation. SPG …
POSTED FEBRUARY 03, 2026 4:42 PM |
Oklahoma McDonald’s Franchisee Settles Sexual Harassment Lawsuit
A McDonald’s franchisee in Oklahoma has settled a federal lawsuit alleging a teenage worker was sexually harassed by a male supervisor. Arch Fellow North, LLC, owner and operator of eight McDonald’s restaurants in eastern Oklahoma, will pay $80,000 and provide …
POSTED FEBRUARY 03, 2026 4:36 PM |
Texas Data Centers to Rely on Gas Power Plants
Texas’ environmental regulator last week issued the largest air pollution permit in the country to an enormous planned complex of gas power plants and data centers near the oilfields of the Permian Basin, according to an announcement from the project’s …
POSTED FEBRUARY 03, 2026 4:33 PM |
After Falling 6% in 2025, Average Auto Insurance Cost Will Stabilize in 2026, Says Insurify
Consumers of auto insurance in the U.S. received a respite overall from several years of premium increases, but don’t tell that to drivers in some states and don’t look for it to continue. According to online insurance agent Insurify, the …
POSTED FEBRUARY 03, 2026 4:23 PM |
Florida Cold Damages Citrus Crop, Strains Power Supplies
Florida endured another day of bitter cold that damaged the state’s citrus crop and prompted a local utility to ask residents to reduce electricity use. Freeze warnings and cold weather advisories cover a large portion of the state, the National …
POSTED FEBRUARY 03, 2026 2:37 PM |
KCC: Winter Storm Fern to Cause $6.7M in Insured Losses
The late January winter storm will caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes privately insured …
POSTED FEBRUARY 03, 2026 2:25 PM |
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