Allstate Readies Investors for Q4 Loss of Up to $335M January 19, 2023 By Chad Hemenway Allstate Corp. on Wednesday said it expects to end 2022 in the red with a net loss of between $285...
Travelers Estimates Drop in Q4 Income on Winter Storm Losses January 17, 2023 Travelers Companies today released an estimate of $459 million in pre-tax catastrophe losses during the fourth quarter, and expects to...
Reinsurers Retreat From U.S. Disaster Hotspots on Climate Risks January 12, 2023 By Greg Ritchie Reinsurers are increasingly reconsidering their business in natural disaster-prone locations including California and Florida as losses mount, according to Moody’s...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re January 10, 2023 By Tom Sims and Alexander Hübner Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on...
Progressive Lowers Loss Estimate From Hurricane Ian By $400M December 22, 2022 The Progressive Corp. said Dec. 21 that its loss and allocated loss adjustment expenses (ALAE) in the property business are...
All The Latest Insurance Company Estimates: Hurricane Ian Losses October 21, 2022 Just a few days into earnings season for the third quarter, a number of carriers have published loss estimates for...
The Hanover: $28M Loss From Ian as Overall Cat Losses Exceed Assumption October 20, 2022 The Hanover Insurance Group on Oct. 20 released an estimate of third-quarter overall catastrophe and Hurricane Ian-related losses. Q3 catastrophe...
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net October 13, 2022 Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to...
Allstate Executives Shuffle With Retirement of Property-Liability President August 19, 2022 Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined...
Risky Business: Climate Change Turns Up Heat on Insurers, Policyholders November 12, 2021 By Noor Zainab Hussain and Carolyn Cohn Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned...