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American Financial Group, a Cincinnati-based insurer, reported a standout performance in the last quarter of 2025, posting record underwriting profits. The company earned $299 million, or $3.58 per share, beating the previous year’s $255 million, or $3.03 per share, for the same period. Core net operating earnings also saw a boost, reaching $305 million, or … Read more

A Colorado jury recently awarded $205 million to the parents of a 6-year-old girl who tragically died after falling from a ride at an amusement park. The incident happened in 2021 at Glenwood Caverns Adventure Park in Glenwood Springs, where the young girl, Wongel Estifanos, fell roughly 100 feet from the Haunted Mine Drop ride. … Read more

Clancy Loorham stood waist-deep in the French Broad River, pulling out a broken piece of PVC pipe from the rocky bottom. When he peeked inside, he found a catfish looking back at him. Loorham and other volunteers have spent months cleaning up debris left behind by Hurricane Helene, which slammed through the North Carolina mountains … Read more

Donegal Insurance Group has decided to step away from its farmowners insurance business, and ECM Insurance Group will take over the renewal rights for this line of business starting in 2026. The deal covers Donegal’s farmowners policies in Pennsylvania, Delaware, Virginia, Ohio, and Indiana, involving about $8 million in farm-related premiums written by Southern Insurance … Read more

Kemper Corporation faced a tough end to 2025, reporting a net loss of $8 million for the fourth quarter. The Chicago-based insurer missed expectations by a large margin, as it struggled with higher claim costs and changes in leadership. The loss translated to 13 cents per share, contrasting sharply with analysts’ hopes for a profit. … Read more

New York is facing a growing insurance crisis that is putting a strain on foster care agencies across the state. Lawmakers recently introduced a bill aiming to create an assigned-risk insurance market and a $20 million fund to help voluntary foster care agencies deal with rising costs. This move comes as the sector struggles with … Read more

Allstate Corp. is pointing to Florida as a clear example of how changes in laws can lead to lower car insurance prices. The company’s CEO, Tom Wilson, discussed the impact of recent legal reforms during Allstate’s fourth-quarter earnings call, highlighting how cutting down on lawsuits helped bring down insurance costs for drivers in Florida. Wilson … Read more

A federal judge in California has given preliminary approval to a $1.5 billion settlement in a major class-action lawsuit filed by authors against the AI company Anthropic. This deal is the first of its kind in a series of lawsuits targeting tech giants like OpenAI, Microsoft, and Meta over the use of copyrighted works to … Read more

ACORD has named Chris Newman as the new chief executive officer of ACORD Solutions Group (ASG). Newman has been a key player at ASG since its early days and brings extensive experience running insurance operations across several regions, including North America, Latin America, Asia, and the Middle East. He has also held leadership roles in … Read more

Liability claims in the United States are rising at an alarming rate, far beyond what traditional factors like inflation or medical costs can explain. A new study by Swiss Re points to changing jury attitudes and shifts in social views as major causes behind this surge, a phenomenon often called “social inflation.” Swiss Re’s 2025 … Read more