Parametric insurance, which provides quick payouts based on weather-related metrics, is gaining popularity among large corporations, with the market estimated to almost double to $34 billion by 2033 https://t.co/mAy1cgzo3v ...

We're watching the ongoing weekend work session on Capitol Hill where Senate clerks are still reading the full text of the 900 plus page Senate Republican version of President Trump's so-called big beautiful bill, a key demand from Democrats. It passed a procedural vote late last night after two Republicans joined all Democrats in voting no on advancing the massive bill. Joining us now is the Democratic Senator from the Commonwealth of Virginia, Mark Warner.Senator Warner, thank you for coming to the weeken ...

Key Takeaways CRBG is reinsuring its entire $51 billion variable annuity block in a $2.8 billion deal with CS Life Re. The move will generate $2.1 billion in net distributable proceeds after taxes and reduce tail risk exposure. CRBG boosts share buyback plan by $2 billion, with most proceeds earmarked for repurchases.Corebridge Financial, Inc. (CRBG) recently inked a deal with a subsidiary of Venerable Holdings, Inc., CS Life Re, to reinsure the entire block of variable annuities within its Individual Ret ...

It's easy to talk about this panel and and kind of get sucked down into the vaccine conversation, but you mentioned their recommendations weigh heavily on insurance coverage. What are some of the financial implications there. So, the big implications are that insurance companies will say, you know, we're not going to cover this because the CDC is not recommending this.And that's historically what they've done in the past. If it's not covered, then that severely decreases the access there because either fund ...

Core Insights - Heritage Insurance Holdings (HRTG) operates in high-risk coastal markets in the U.S., relying heavily on reinsurance for risk management, earnings stability, and capital preservation [1][4] Reinsurance Strategy - Effective June 1, 2024, HRTG implemented catastrophe excess-of-loss reinsurance agreements for its major subsidiaries, partnering with traditional reinsurers like the Florida Hurricane Catastrophe Fund and Citrus Re [2] - HRTG's disciplined underwriting and claims-handling expertise enable it to negotiate favorable reinsurance terms, with ceded premiums declining by 5% in Q1 2025 and the ceded premium ratio improving by 390 basis points to 43.5% [3][8] Financial Performance - A robust reinsurance program, combined with sound underwriting and diversification, is crucial for maintaining a profitable portfolio, reducing earnings volatility, and enhancing financial flexibility [4] - HRTG's shares have gained 83.5% year-to-date, outperforming the industry [7] Competitive Landscape - HRTG competes closely with Universal Insurance Holdings and HCI Group, both of which have strong reinsurance programs that stabilize earnings and support growth in high-risk markets [5][6] Valuation Metrics - HRTG trades at a price-to-book value ratio of 2.06, above the industry average of 1.55, but holds a Value Score of B [9] Earnings Estimates - The Zacks Consensus Estimate for HRTG's EPS for the second and third quarters of 2025 has remained stable, with no changes in estimates for 2025 and 2026 over the past 30 days [11][12]

$2 Billion Total Addressable Market for CyberSimpleTM powered by CHECKLIGHT® Scottsdale, AZ, June 26, 2025 (GLOBE NEWSWIRE) -- CISO Global (NASDAQ: CISO), a leader in AI-powered cybersecurity software and compliance services, today announced an alliance with Financial Independence Group (FIG) through the company’s strategic partnership with Cyber Assurance Group Incorporated (CAGI) and its CyberSimpleTM solution, a groundbreaking advancement in the distribution of CISO Global’s flagship cybersecurity produc ...

Primary insurance amount is a calculation, used with the average indexed monthly earnings (AIME), to determine a person's Social Security benefits. https://t.co/TIV4BqGA7v ...

Core Insights - Markel Insurance has appointed Collin Sim as the first dedicated Casualty Underwriter in Singapore, marking a significant step in the company's strategic expansion in the region [1][2]. Company Strategy - The appointment of Collin Sim is aimed at developing Markel's Casualty presence in Southeast Asia and the broader Asian market, focusing on building relationships with brokers and clients while managing a portfolio of risks [2][4]. - This strategic move supports the expansion of casualty underwriting capabilities across the Asia Pacific region [2][4]. Leadership and Expertise - Collin Sim brings over 20 years of casualty underwriting experience in Asia, having previously worked at Allied World and Gen Re, where she managed casualty business across various Southeast Asian markets [3][4]. - The leadership at Markel, including Wanshi Lin and Christian Stobbs, expressed confidence in Sim's ability to enhance the company's underwriting capabilities and service delivery in the region [4]. Company Overview - Markel Insurance is a leading global specialty insurer known for its people-first approach, leveraging a wide range of capabilities to address complex specialty insurance needs [5].

Floods, Earthquakes and Detached Structures Require Additional CoverageLOS ANGELES, June 25, 2025 /PRNewswire/ -- While it's important to know what events are covered in your homeowners insurance policy, it's equally important to know what events are not covered. One of the biggest misunderstandings many policyholders have is the belief that, if their home is damaged or destroyed, their homeowners insurance policy will cover the cost of everything.Understanding what your policy does — and does not — cover i ...

Key Takeaways HRTG is resuming selective personal lines underwriting while focusing on E&S growth and rate discipline. HCI is expanding via Citizens policy takeouts and has launched a second reciprocal insurer, Tailrow. HCI plans a tax-free spin-off of Exzeo to unlock tech value. HRTG initiates a $10M share buyback.Despite the rise in catastrophic events, the property and casualty (P&C) insurance industry is poised for continued growth, fueled by a shift toward personalized offerings and enhanced customer ...