Despite Losses, Insurers Not Hiking Prices Broadly December 29, 2011 By Ben Berkowitz Despite more than $100 billion in disaster losses around the world this year, insurers are not yet experiencing a broad...
U.S. P/C Insurers’ Catastrophe Losses Top $38 Billion December 5, 2011 Catastrophe-related losses experienced by the U.S. property/casualty (P/C) industry through the first nine months of 2011 have nearly doubled total...
Chubb Profit Falls in Q3 October 21, 2011 The Chubb Corp. reported that net income in the third quarter of 2011 was $298 million compared to $572 million...
Allstate’s Q3 Disaster Losses Top $1 Billion October 20, 2011 Allstate Corp. suffered nearly $1.1 billion in catastrophe losses in the third quarter, the country’s largest publicly traded home and...
W. R. Berkley Sees $50M-$60M Cat Losses for Q3 October 12, 2011 Greenwich, Conn.-based insurer W. R. Berkley Corp. is estimating Q3 catastrophe losses in the range of $50 million to $60...
MetLife to Take $275M in Charges Related to Life Benefits, Catastrophes October 7, 2011 MetLife Inc., the largest life insurer in the United States, said Thursday it would take up to $275 million in...
The Hartford Warns Q3 Disaster Losses Up Due to Irene September 12, 2011 Insurer Hartford Financial Services Group warned Monday that its third-quarter catastrophe losses would be substantially higher than a year earlier,...
Northeast Likely to Suffer Significant Damage from Irene August 26, 2011 By Ben Berkowitz Hurricane Irene is likely to cause more insured losses in the Bahamas than 1999’s devastating Hurricane Floyd, catastrophe modeler AIR...
Travelers Posts Q2 Loss with $1 Billion in Tornado Costs July 21, 2011 By Andrew G. Simpson Travelers Cos. Inc. reported a second-quarter loss, missing analysts’ estimates by a huge margin as the property insurer suffered more...
Allstate Q2 Catastrophe Losses Now at $2.3 Billion July 13, 2011 The Allstate Corp. announced $0.3 billion, pre-tax, in estimated catastrophe losses for the month of June 2011. June catastrophe losses...