Lawmakers Begin Scrutiny of Insurance Industry Practices Florida’s property insurance market has been a focal point of concern for years, with homeowners facing skyrocketing premiums and limited options. However, new information has surfaced, shedding light on financial practices within the insurance industry that raise serious questions about transparency. A report from March 2022, commissioned by the state’s Office of Insurance Regulation, has now become central to this discussion. Though it was completed over a year ago, it wasn’t made public at the time. It was only obtained recently through a…
Read MoreTag: insurance company profits
Insurance news from Zurich reveals 82 percent profit increases
Gains from investments have caused the largest insurer in Switzerland to see a huge fourth quarter profit rise. The biggest insurer in Switzerland, Zurich, has made an insurance news announcement that its fourth quarter profits experienced an increase of 82 percent as a result of higher investment capital gains. The insurer’s net income experienced a massive growth when compared to the same time the year before. The net income that was reported by Zurich was $983 million. This was a considerable year over year increase, as the same time in…
Read More