Allstate Says Q3 Catastrophe Losses Were $1.2 Billion October 19, 2023 Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about...
The Hanover Expects $196M in Q3 Catastrophe Losses October 19, 2023 Ahead of its third quarter earnings announcement early next month, The Hanover Insurance Group released a preliminary estimate of catastrophe...
Travelers Q3 Net Income Down 11% on Catastrophe Losses, Reserve Development October 18, 2023 By Chad Hemenway Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe...
Progressive Q3 Earnings Skyrocket as Combined Ratio Gets Closer to Goal October 16, 2023 By Chad Hemenway Progressive Corp. posted significant improvement in third quarter earnings late last week – with net income of $1.12 billion compared...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit October 4, 2023 By Chad Hemenway Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep...
Rising Claims Costs Limit US P/C Profitability in 2023 September 27, 2023 While the profitability outlook for the U.S. P/C industry this year is mixed, Swiss Re predicts a stronger year in...
Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire September 21, 2023 Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire....
Hippo Investors Call for Strategic Review by Board, Other Actions September 18, 2023 Members of the board of directors of insurtech Hippo were on the receiving end of an open letter from a...
First-Half P/C Underwriting Loss Just $2B Shy of Loss for All of 2022 September 12, 2023 The total net underwriting loss of $24.5 billion for the U.S. property/casualty industry after the first six months of 2023...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says September 7, 2023 By Loukia Gyftopoulou Growing fears about the state of the world are pushing more people to take out insurance even as prices rise,...