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Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves
Jul 17 2026 // Second quarter 2026 net income at Travelers increased 46% to about $2.2 billion on lower catastrophe losses and favorable prior year reserve development. Catastrophe losses for the quarter, mostly from severe storms, were...
Progressive Q2 2026 Net Income Up 4%
Jul 16 2026 // Second quarter 2026 net income at Progressive Corp. increased 4% compared to the same period a year ago to about $3.3 billion. Progressive reports results monthly. Net income for June was down 31% to about $779...
Doing Its Job: Large Majority of Cyber Losses Covered by Insurance, Says Willis
Jul 13 2026 // More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to a recent report by Willis, a WTW business. Cyber claims in Focus – Getting value...
WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium
Jul 10 2026 // Incurred losses and expenses in California workers’ compensation in calendar year 2025 were $15.7 billion, or 102% of earned premium, up from 99% of earned premium in 2024. The Workers’ Compensation Insurance...
Banks’ Exposure to Heat-Related Losses Faces Scrutiny in EU
Jul 7 2026 // Europe’s bank watchdog will look at how exposed lenders are to heat-related risks, as temperature records keep getting broken. The European Banking Authority is currently developing ways to measure the financial...
BlueCrest Slams UK as Bad for Business After Top Court Tax Case Loss
Jul 2 2026 // Michael Platt’s BlueCrest Capital Management said the UK is “no longer a serious contender” as a place to do business after the firm lost a £200 million ($265 million) UK Supreme Court ruling over how...
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