Diluted earnings per share rose to $16.21, from $4.90 a year earlier. Net operating income came in at $648 million, or $16.08 per diluted share, against $276 million, or $6.45 per diluted share, in the same period last year. Total shareholder return reached an annualized 16.1%, with operating return on equity at 16.7%.
Author: Awais
Over 1.1 million abortions occurred in the United States in 2025. Federal and state laws, as well as insurers’ coverage policies, shape the extent to which individuals can have coverage for abortion services under both publicly funded programs and private health insurance plans. People who seek an abortion but do not have coverage for the service have to shoulder the out-of-pocket costs of the services (though some clinics offer abortion services on a sliding scale based on income). The cost of an abortion varies depending on factors such as location, facility, timing, and type of procedure. The median cost of…
US military mutual insurer USAA has now set its sights on the upper-end issuance size of $825 million of reinsurance from its new Residential Reinsurance 2026 Limited (Series 2026-1) catastrophe bond sponsorship, while the company has made further adjustments to the price guidance for two of the three tranches of notes on offer, Artemis has learned.USAA returned to the catastrophe bond market for its 47th sponsorship at the beginning of April. Initially, the company was targeting a $600 million source of reinsurance from this Residential Re 2026-1 issuance. We said at the time that at $600 million this would equal USAA’s largest cat…
Gasoline in California has topped $6 a gallon as the global energy crunch from the Iran war reverberates. The average statewide price for regular gasoline rose to $6.01, according to data from the American Automobile Association. That’s the highest since October 2023. No other state has ever surpassed the $6-a-gallon mark. At the outset of the war, the price in the Golden State was $4.64 a gallon. Related: Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes Skyrocketing pump prices are a major political risk for President Donald Trump’s White House, especially ahead of the midterm…
A warning on surplus and choice Triple-I chief executive Sean Kevelighan said bills like SB 1486 risk producing the opposite of their intent. Rising premiums, he argued, reflect “real-world costs such as severe weather, higher repair expenses and legal system abuse,” and pricing-focused legislation tends to thin competition and narrow consumer choice.
Quick-thinking middle school students in Mississippi kept their school bus from crashing after their driver passed out while on a four-lane highway. The bus had just left Hancock Middle School in Hancock County last week with about 40 children on board when Leah Taylor, 46, had an asthma attack. She reached for her medication but blacked out before she could get it. In a matter of seconds, the students sprang into action. Sixth grader Jackson Casnave, 12, who was sitting directly behind the driver, noticed the bus beginning to swerve. Casnave jumped up to steer and told others to call…
A soft insurance market across many lines is creating new growth opportunities, but it is also raising the bar on operational performance. As submissions grow more data-intensive, policyholder service expectations rise and product offerings expand, insurers, MGAs, brokers and agencies are seeking scalable ways to streamline insurance operations, automate underwriting workflows and manage compliance more efficiently. Insurance operational excellence is emerging as a decisive strategic lever – enabling teams to respond faster, collaborate across functions and deliver a consistently strong experience to distribution partners and policyholders. Soft Markets, Smart Operations: The Operational Shift Reshaping Insurance in 2026 and Beyond explores how a modern insurance operating model can unlock the full potential…
Healthcare organizations are struggling to navigate the compliance landscape amid a pullback in federal enforcement, a wave of state legislation and emerging voluntary initiatives, experts say.
Officials battling two large wildfires that have destroyed dozens of homes in southern Georgia warned Tuesday that firefighters are bracing for a prolonged battle even after weekend rains gave a big boost to containment efforts. “A little bit of rain is going to help us, but it’s not going to get us out of this situation,” Georgia Gov. Brian Kemp told a news conference after touring the fire areas Tuesday. “We’re going to be in this for a while.” A fire that has burned roughly 35 square miles (90 square kilometers) and destroyed more than 80 homes in rural Brantley…
The Department of Justice announced a proposed settlement with Cleveland-Cliffs Steel Corporation (Cliffs) requiring it to address releases of hazardous waste at its Middletown Works facility. Under the proposed consent decree, Cliffs will perform long-term corrective measures to comply with the Resource Conservation and Recovery Act (RCRA). The required corrective measures will address several site areas at the Middletown Works, a 2,600-acre integrated steel mill that has operated in Middletown, Ohio, since 1901. This consent decree will provide final closure to a civil lawsuit against Cliffs’ predecessor, AK Steel Corporation, by the Department of Justice and later joined by the…
According to recent news reports, HHS decided to initially delay publication of, and then not publish, a CDC-led study that estimates the effectiveness of the COVID-19 vaccine over the past winter season. The study had already passed internal reviews by CDC scientific and editorial teams, and its methodology, as indicated by a reportedly leaked copy of the manuscript, is one that is widely used by researchers around the world for studying respiratory virus vaccine effectiveness. Only a few weeks prior, CDC had published a study on influenza vaccine effectiveness using the same methodological approach, and the approach has also been…
This edition of International People Moves details appointments at Apollo and The Fidelis Partnership. Apollo Launches Int’l Casualty Reinsurance Business, Led by Berkley Re’s Mackenzie Apollo, the London-based subsidiary of Skyward Group, announced the launch of an international casualty reinsurance class of business, which introduces a low-volatility portfolio that offers access to new markets, while solving complex challenges for both new and existing clients. Via its new class of business, Apollo said it aims to solves complex challenges for both new and existing clients. Tim Mackenzie Tim Mackenzie will join in October this year to lead the class, bringing more…
Two young people have been arrested in an alleged plot to attack a Texas synagogue that involved driving through the congregation to “kill as many Jews as possible,” according to authorities and court documents. The arrests come a month after an armed man crashed his pickup truck into a major Detroit-area synagogue in another attack on Jewish people. Synagogues around the world have increased security and protections for worshippers since the U.S. and Israel launched a war with Iran on Feb. 28. Angelina Han Hicks, 18, of Lexington, North Carolina, was held in the Davidson County jail under a $10…
Marsh McLennan Agency (MMA) announced that it has reached an agreement to acquire TriBridge Partners, an independent benefits broker and retirement and wealth advisor headquartered in Columbia, Maryland. Terms of the acquisition were not disclosed. TriBridge Partners was founded in 2013 upon the strategic merger between three regional brokerage and advisory firms serving the Mid-Atlantic. According to the agreement, all employees, including co-founders and co-owners Heath Hykes, chief executive officer; Dane Rianhard, founding principal; John Morris, principal; and Paul Younkins, chief growth officer, will join MMA and continue to operate out of the firm’s existing Columbia office location. John Stanchina,…