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People Moves: Air Force, OSHA Veteran Stager Joins MEMIC Loss Control Team
Oct 2 2025 // Eric Stager The MEMIC Group, headquartered in Portland, Maine, hired Eric Stager to serve as a safety management consultant on its loss control team. He will work with policyholders throughout the Northeast. Stager served...
Wildfire Smoke Set to Cause Mounting Deaths and Economic Losses
Sep 22 2025 // Increased wildfire smoke could lead to 1.4 million premature deaths globally each year by the end of this century, according to a new study. Scientists at China’s Tsinghua University found that early deaths linked to...
China’s EV Boom Saddles its Auto 国产福利 真实s With Chronic Losses
Sep 22 2025 // China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes in vehicle economics and driver behaviors. The country now has...
US P/C Insurance Industry First-Half Underwriting Profit Triples
Sep 22 2025 // The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for the first half of 2025, according to a new report. “The lack of any significant...
Insured Losses in Texas Exceed $47 Billion in 2024
Sep 22 2025 // Insured losses exceeded $47.2 billion in Texas last year–a 4.2% increase over 2023, according to a new property/casualty market report from the state’s insurance council. Annual direct losses in Texas have now...
AM Best: Six-Month US P/C Underwriting Income Jumps to $11.2B
Sep 11 2025 // An early look by AM Best at the financial results of the U.S. property/casualty industry revealed insurers recorded an estimated $11.2 billion in net underwriting income in the first half of 2025. Last year after the first...
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