insurance rate increases News

W.R. Berkley Posts $101M Q3 Profit; Rates on Renewed Policies Up 7%

Commercial lines insurer W.R. Berkley Corp. reported $100.95 million net profit for its third quarter, up 32.1 percent from $76.41 million reported during the same period one year ago. The Greenwich, Conn.-based insurer said its quarterly results benefited from “significant …

Travelers Will Continue to Seek Improved Pricing: CEO Fishman

The Travelers Companies Inc. said its Business Insurance segment pricing continued to rise in the third quarter — led by workers’ compensation and commercial auto. Rates also continued to climb in the Personal Lines segment. CEO Jay Fishman commented during …

Travelers Profit Soars to $864M in Q3 as Catastrophe Losses Fall

The Travelers Companies Inc. reported today $864 million net profit for the third quarter — up 159 percent from the same period a year ago when the insurer posted a $333 million profit. Travelers’ latest earnings were boosted by lower …