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US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles
Jun 23 2026 // Private U.S. property/casualty insurers posted a first quarter 2026 underwriting gain of $15.8 billion鈥攓uite the reversal after recording an underwriting loss of $864 million for the first three months last year. A new...
Why Are Property & Casualty Carriers So Profitable?
Jun 22 2026 // Property and casualty carriers have made fortunes over the last two years. In fact, they have been profitable for 30 of 31 years. The exception was after the 9/11 attacks, when they threw in all the reserves they should...
Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event
Jun 22 2026 // The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event,...
Ohio Man Sentenced for Causing $860K in Computer Fraud Losses
Jun 22 2026 // A 36-year-old Ohio man has been sentenced for computer fraud after causing more than $860,000 in losses, Acting U.S. Attorney John G.E. Marck announced. Maxwell Schultz, Columbus, Ohio, pleaded guilty Nov. 18, 2025. Senior...
Doing its Job: Large Majority of Cyber Losses Covered by Insurance, Says Willis
Jun 17 2026 // More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to a recent report by Willis, a WTW business. Cyber claims in Focus 鈥� Getting value from...
Texas Beef Industry Profits Eaten Away by Threat of Screwworm
Jun 17 2026 // James Henderson was a teenager in 1971 when he had to treat animals for a type of white maggot that ate livestock from the inside out 鈥� the New World screwworm. “It’s a horrible parasite, and it will eat that...
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