Insur. Business

Allstate Q1 Net Income Skyrockets on Underwriting Gains

Allstate Corp. first quarter 2026 net income applicable to common shareholders more than quadrupled compared with the same time a…

3 semaines ago

The $6.4 Billion Bid Changing the Music Industry: Why UMG Is Selling Off Its Spotify Stake

Years after making a major investment in the streaming service, Universal Music Group said this week that it would monetize its Spotify stake…

3 semaines ago

Fidelity Just Ended Hybrid Work. Is This the Start of a New RTO Wave?

Another big employer is dragging workers back to the office five days a week.Starting in September, employees of Fidelity Investments…

3 semaines ago

Wash. court upholds recoupment of vocational school overpayments

The Washington Department of Labor and Industries could recoup more than $147,000 in overpayments plus interest from a vocational school…

3 semaines ago

The End of Cheap Generic Drugs? How a New Court Ruling Could Lock in High Prices

A Supreme Court case heard this week could give brand-name drugmakers longer monopolies, delay generic competition, and leave patients paying…

3 semaines ago

Zurich appoints head of international construction

Zurich Insurance Group said Wednesday it has appointed Patrick McBride head of international construction, a newly created role in its…

3 semaines ago

RenaissanceRe’s bottom line rebounds

Bermuda-based RenaissanceRe Holdings Ltd. posted a net income available to common shareholders of nearly $285 million and a consolidated combined…

3 semaines ago

The Real Reason the UAE Is Quitting OPEC Is Not Just About Oil

When the United Arab Emirates announced yesterday that it would be leaving OPEC, the intergovernmental organization that has long sought…

3 semaines ago

Lemonade Logs Q1 Net Loss With Topline Growth

Insurtech Lemonade reported a first quarter 2026 net loss of about $35.8 million compared with a loss of about $62.4…

3 semaines ago

Worker classification overhaul signals growth – and gaps – in contractor coverage

From an insurance perspective, the distinction between employee and independent contractor is critical. “The biggest difference is the statutory requirement…

3 semaines ago