Progressive Easing Up on Rate Hikes; Flo Coming Back to a State Near You November 3, 2022 By Susanne Sclafane Progressive’s Flo won’t reappear on TV screens in every state, but the insurer she pitches for is comfortable pursuing business...
Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’ November 3, 2022 By Chad Hemenway Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net...
CNA Records 50% Drop in Q3 Net Income November 2, 2022 Net income at CNA Financial Corp. was down 50% for third quarter of 2022 compared to the prior year quarter,...
AIG Reports Q3 Results With $450M in Losses From Ian November 2, 2022 Third quarter net income attributable to American International Group (AIG) shareholders increased about $1 billion compared with the same time...
Q3 Net Income Down 30% at The Hartford; $214M in Ian Losses October 31, 2022 By Allen Laman Compared to the same window last year, net income at The Hartford was down during the third quarter of 2022...
Universal P&C Posts $72 Million Loss, But Says it’s Well-Covered with Reinsurance October 31, 2022 Universal Insurance Holdings Inc., the parent company of Universal Property & Casualty Insurance Co., Florida’s second-largest carrier, posted a $72...
WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses October 28, 2022 By Ezra Amacher Third-quarter net income at broker WTW was $192 million compared to $907 million during the prior-year third quarter. Net income...
Chubb’s Q3 Numbers: Net Income Falls on Realized Losses; P/C Profits Up 15% October 26, 2022 In spite of incurring nearly $1 billion in pre-tax net losses from Hurricane Ian, Chubb reported a combined ratio of...
Berkley Cooling on Professional Lines, Firing Up Property Cat Re Engines October 26, 2022 By Susanne Sclafane Property cat reinsurance: “More.” Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp.,...
Property Cat Market to Harden More; Possible ‘Significant Supply Imbalance’: MMC’s Doyle October 21, 2022 By Chad Hemenway While the total impact of Hurricane Ian won’t be realized for some time, the effect on an “already stressed property...