Update: Zurich Reports 25% Increase in H1 Operating Profit, Beating Expectations August 11, 2022 By Maria Sheahan and Carolyn Cohn Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the...
Workers’ Compensation Reserve Redundancy Reaches $14 Billion, Reports NCCI October 4, 2021 By Jim Sams Workers’ compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to...
Workers’ Compensation Underwriting Results Again Beat Other Lines in 2020 September 30, 2021 Workers’ compensation underwriters have been consistently generating better underwriting profits than other property/casualty lines of business, and did so again...
Workers’ Compensation Numbers Indicate Strong Performance During 2020 Pandemic May 12, 2021 Because of job losses and shrinking payrolls during the pandemic recession, the workers’ compensation industry’s net written premium dropped 10%...
Pet Insurance Outshines Travel, Other Inland Marine Coverages Cut by COVID: AM Best April 23, 2021 The U.S. inland marine insurance segment experienced a “significant downturn in profitability” in 2020, with its loss ratio deteriorating by...
Lloyd’s Expects Large Loss from Suez Canal Blockage March 31, 2021 By Carolyn Cohn The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London,...
2020’s P/C Insurance Industry Results and What They Mean for 2021 March 31, 2021 By Susanne Sclafane The most recent tallies of financial results by rating agency analysts reveal that the property/casualty insurance industry weathered the storms...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best March 12, 2021 Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in...
Italy’s Generali Expects to Hit 2021 Targets After Reporting ‘Excellent’ Results in 2020 March 11, 2021 By Gianluca Semeraro MILAN – Generali is confident it can hit its targets this year after Italy’s biggest insurer overcame a negative impact...
Total Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch March 10, 2021 By Fitch Ratings Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the...