Insurtech Root Focused on Embedded Insurance, CEO Says March 8, 2022 By Susanne Sclafane While he didn’t say that distribution of Root Insurance products through independent agents was off the table in 2022, the...
James River Reserve Charge, ‘Strategic Actions’ Won’t Damage AM Best Rating March 3, 2022 AM Best announced March 1 that the rating agency won’t change the A- (Excellent) financial strength ratings for the operating...
Lemonade Execs Expect ‘Peak Losses’ in 2022 February 25, 2022 By Susanne Sclafane With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021 February 15, 2022 An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty...
CNA Q4 Net Income Drops but Increases 74% for Full Year 2021 February 7, 2022 CNA Financial Corp. said fourth quarter 2021 net income decreased more than 30% to $266 million compared to the same...
The Hartford Q4 Net Income Rises 36% on Commercial Lines Growth February 4, 2022 By Chad Hemenway Net income at the The Hartford for the fourth quarter 2021 ended at $729 million, a 36% increase from income...
Q4 Net Income Drops 50% for Allstate on Higher Auto Claims February 3, 2022 Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto...
Chubb Net Income Drops in Q4, More Than Doubles for Year February 2, 2022 By Chad Hemenway Chubb reported fourth quarter 2021 net income of $2.1 billion, a decrease of 11.5% compared to the same period the...
Update: Marsh McLennan Q4 Net Income Jumps 100%; 6,000 Employees Added in 2021; Cyber Still Growing January 27, 2022 By Chad Hemenway Fourth quarter 2021 net income at Marsh McLennan more than doubled compared to the same period in 2020, to $803...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3 January 25, 2022 By Chad Hemenway Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends...