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Archive for October 2024

Allstate Turns in Net Income of $1.2B After Q3 Hurricanes

Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in … Source: Claims Journal

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Insurance Industry Races to Stay Ahead of Cyber Threat Actors

The COVID-19 pandemic brought on significant change to the cyber insurance industry that spans all disciplines. We experienced the widespread remote work environment, which introduced an onslaught of ransomware claims by threat actor groups as they recognized the opportunity to … Source: Claims Journal

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Sprout.ai Adds Thompson to Growth Advisory Board

Sprout.ai named Ian Thompson as the first member of its growth advisory board. Thompson, who has 20 years of senior leadership experience and 30 years of insurance business experience, most recently oversaw 8,500 employees at Zurich as the group chief … Source: Claims Journal

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