Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755 million during the same period the prior year. The company’s consolidated insurance operations turned in a first quarter combined ratio …
Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus homeowners direct premiums written in 2023 eclipsed $2 billion for the …
First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarter …
Buyers of directors and officers (D&O) liability insurance have benefited from strong capacity and healthy competition among insurers to see consistent rate decreases at renewal over the last several years. Those days may be coming to an end thanks to …
The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024. The underwriting loss …
An annual report from law firm BakerHostetler said companies “are starting to win the battle against ransomware.” In its 11th year, the report from the firm’s Digital Assets and Data Management (DADM) Practice Group, who handled over 1,250 cyber incidents …
According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes in credit ratings. The industry financial strength …
The National Association of Mutual Insurance Companies and the Independent Insurance Agents & Brokers of America are the latest from the industry to join a call in support of a measure to abolish the Federal Insurance Office. The trade groups …
Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs. About a month after Trump looked to impose steep tariffs on China, Mexico, and Canada, the administration on April 2 applied …
For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best in a “First Look” at U.S. P/C financial results said the industry left 2024 with a $22.9 billion net …
