Skyward Specialty Insurance Group (SKWD) reported strong Q3 2024 results with net income of $36.7 million ($0.89 per diluted share), up from $21.7 million in Q3 2023. The company achieved gross written premiums of $400.0 million, a 12.4% increase year-over-year, and maintained a solid combined ratio of 92.2%. Key highlights
Most people associate Halloween with costumes, candy, and pumpkins. But what about accidents, vandalism, and property damage? “Halloween is a night of fun and celebration — however, it’s also one of the most accident-prone holidays of the year,” says Steven Gruber of Wisconsin personal injury attorneys Gruber Law. “There are many hidden risks that people frequently overlook.” Homeowner anxiety also
California home sales are falling as property insurance becomes increasingly unaffordable, a new report from the California Association of Realtors has found. Based on responses from 96,000 Realtors in California, 13.4 percent said a sale fell through because of issues finding affordable insurance. That means about one in seven Realtors saw home insurance issues derail
Alliant will serve as the presenting partner for an upcoming San Diego FC event. Credit: matimix / Shutterstock. Alliant Insurance Services has announced its partnership with San Diego FC (SDFC), becoming the official insurance broker for the club’s property and casualty (P&C) and employee benefits needs. This collaboration comes ahead of SDFC’s inaugural season in
The Insurance Regulatory and Development Authority of India (IRDAI) has granted independent insurance broker Lockton regulatory approval for the acquisition of Arihant Insurance Broking Services Limited. Lockton’s strategic expansion into the Indian market aligns with its broader vision to enhance its footprint in key emerging markets, aligning with the company’s commitment to deliver high-quality, client-focused
LONDON, October 29, 2024 — WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, has announced the launch of ResQ Machine-led Reserving, a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in P&C reserving. “ ResQ Machine-led Reserving delivers faster, more precise results that allow reserving teams to focus where
Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting commercial real estate returns, valuations, and transactions, a new report shows. The Urban Land Institute and real estate investment management firm Heitman this week put out a report Insurance on the Rise: Climate Risk and
Most of the homes destroyed in last year’s Gray and Oregon Road fires were underinsured, according to an analysis of insurance claims by the state insurance commissioner’s office. The fires burned more than 20,000 acres and destroyed 366 homes near Elk and Medical Lake on the same day in August 2023. Washington state Insurance Commissioner
JEFFERSON COUNTY, AL (WBMA) — Severe weather, inflation and limited building supplies continue to lead to a surge in home and car insurance premiums. It’s been a trying few years for the insurance industry from back to back hurricanes to wildfires. And Alabama homeowners will pay the price. “Home insurance rates are up 9%, car
TALLAHASSEE – Amid long-running efforts to shift customers into the private market, the number of homeowners insured by the state’s Citizens Property Insurance Corp. plunged last week. Citizens posted data online Monday that showed it had 1,035,534 policies as of Friday, down from 1,271,907 policies a week earlier and 1,268,738 policies two weeks earlier. The