One insurer claims another wrongly refused to pick up the tab
Author: Awais
American Financial Group, Inc. posted record quarterly underwriting profit in the fourth quarter of 2025, with the Cincinnati-based insurer reporting net earnings of $299 million, or $3.58 per share, compared with $255 million, or $3.03 per share, in the same period last year.
Malta has streamlined the accounting requirements for Reinsurance Special Purpose Vehicles (RSPVs), a move expected to significantly bolster the country’s insurance-linked securities (ILS) market. According to Malta-based law firm Ganado Advocates, these changes offer a more proportionate regulatory environment for complex risk vehicles.For context, Malta introduced regulatory frameworks for RSPVs and securitisation several years ago. The Accountancy Profession (General Accounting Principles in respect of certain Eligible Entities related to the business of Insurance) Regulations (GAPEE) originally allowed specific re/insurers to opt out of IFRS 17 in favour of a local accounting framework. With the introduction of Legal Notice 299 of 2025, the…
In the weeks after the Trump administration reduced the number of recommended childhood vaccines for routine use, the public’s trust in the Centers for Disease Control and Prevention (CDC) remains at its lowest point, a new KFF Poll on Health Information and Trust finds. Fewer than half (47%) now say that they trust the agency at least “a fair amount” to provide reliable vaccine information, similar to the share who said the same in September, but down more than 10 percentage points since the beginning of the second Trump administration, and continuing a downward trend first measured during the COVID-19…
Results mark a stunning reversal from last year – and a rocky start for its interim leadership
Premiums soar for carriers as they wait for Supreme Court ruling
White Mountains has reported that its investment into the Outrigger Re collateralized reinsurance sidecar, which supports its P&C insurance and reinsurance subsidiary Ark, delivered pre-tax income of $45 million in 2025, of which $55 million was attributable to the 2025 underwriting year, partially offset by a loss of $10 million from the 2024 underwriting year.Through December 31st, 2025, White Mountains reports that Outrigger Re generated pre-tax income of $55 million from the 2025 underwriting year, $29 million from the 2024 underwriting year, and $76 million from the 2023 underwriting year. For 2024, Outrigger Re’s reported pre-tax income was $46 million,…
Bob Shaw glared at the executives from the chemical giant 3M across the table from him. He held up a carpet sample and pointed at the logo for Scotchgard on the back. “That’s not a logo,” fumed Shaw, CEO of the world’s largest carpet company, one attendee later recalled. “That’s a target.” Weeks earlier, 3M Company announced it would reformulate its signature stain-resistance brand under pressure from the Environmental Protection Agency because of human health and environmental concerns. Mills like Shaw’s had been using Scotchgard in carpet production, releasing its chemical ingredients into the environment for decades. And on a…
Key Takeaways In the weeks following the Trump administration’s announcement of changes to the recommended childhood vaccine schedule, the public’s trust in the CDC remains at its lowest point since the COVID-19 pandemic, including a 9-percentage point drop among Democrats in recent months saying they trust the CDC for reliable vaccine information. Just over half (55%) of Democrats and fewer Republicans (43%) and independents (46%) now say they trust the agency for vaccine information. In addition, fewer than half of adults (44%) express confidence in U.S. federal health agencies to make recommendations about the childhood vaccine schedule. Among the half…
A federal judge in Missouri on Thursday dismissed a lawsuit by the Republican-led state accusing Starbucks SBUX.O of using its commitment to diversity, equity and inclusion as a pretext to systematically discriminate based on race, gender and sexual orientation. U.S. District Judge John Ross in St. Louis said failed to prove that Starbucks actually discriminated against “even a single Missouri resident” who worked at Starbucks or applied for a job there. Ross was appointed by then-President Barack Obama, a Democrat. The office of Missouri Attorney General Catherine Hanaway, a Republican, alleged that Starbucks had unlawfully tied executive pay to the…
Fraud investigations in two Southeastern states have led to the arrest or administrative leave for three public safety officers. In Alabama, two University of Alabama at Birmingham police officers have been placed on leave in connection with an investigation into stolen vehicles, according to local news reports. The investigation is examining the use of National Crime Information Center system to steal vehicles and take them to “chop shops” – illegal shops where cars are stripped and sold for parts, WBMA TV and WVTM TV news reported. The university confirmed in a statement that the officers had been placed on leave,…
Under 23 CAR pt 146, AID says issuers that utilise a pharmacy benefit manager (PBM) must submit an annual pharmacy network adequacy filing, due March 1 of each year, or the next business day if March 1 falls on a weekend or state holiday. AID adds that data for the prior calendar year must be reported in the subsequent year, giving the example that data covering January 1, 2025, through December 31, 2025 must be submitted no later than March 1, 2026.
Allstate posted significantly higher net and underwriting income for the fourth quarter and full year. With affordability top of mind, that leads to questions about excessive profits. Similar to Chubb’s earnings call, analysts asked Allstate CEO Tom Wilson to comment on the potential of extra attention from regulators. Some states have excess-profit laws. Related: Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples Tom Wilson A realization of the issue may have led Wilson to begin a statement on the insurer’s latest earnings with that fact that premiums were reduced for 7.8 million Allstate auto and homeowners customers by…
On February 4, Missouri’s Department of Commerce and Insurance (Missouri DCI) issued Insurance Bulletin 26-03, reminding insurers doing business in Missouri that they must annually report certain aspects of their business. It directs readers to Appendix A and the Missouri DCI website for statutory authority, filing deadlines and detailed instructions.