'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
Wrangle over Baltimore bridge claim begins as shipowner seeks to cap liability
The marine reinsurance industry is facing one of its biggest-ever claims payouts after container ship Dali struck the Francis Scott Key Bridge in Baltimore....
The marine reinsurance industry is facing one of its biggest-ever claims payouts after container ship Dali struck the Francis Scott Key Bridge in Baltimore....
Article / 21 days ago
Investors unfazed by Chubb's Baltimore bridge link
Chubb Ltd. shares have seen little movement this week despite a report that it is likely the lead provider of insurance on a major bridge that unexpectedly collapsed in the early morning hours of...
Chubb Ltd. shares have seen little movement this week despite a report that it is likely the lead provider of insurance on a major bridge that unexpectedly collapsed in the early morning hours of...
Article / 24 days ago
State Farm facing worst homeowners loss ratio in 2 decades
The insurer's homeowners direct incurred loss ratio for the first three quarters of 2023 was 84%...
The insurer's homeowners direct incurred loss ratio for the first three quarters of 2023 was 84%...
Article / 4 months ago
Claim severity surges for California's largest homeowner insurers
California's largest homeowner insurers are reporting a surge in non-catastrophe claim severity as they seek to substantially increase their rates....
California's largest homeowner insurers are reporting a surge in non-catastrophe claim severity as they seek to substantially increase their rates....
Article / 5 months ago
Allstate, Liberty Mutual top $1B in catastrophe losses for Q3 2023
In an aerial view, burned structures and cars are seen two months after a devastating wildfire on Oct. 9 in Lahaina, Hawaii....
In an aerial view, burned structures and cars are seen two months after a devastating wildfire on Oct. 9 in Lahaina, Hawaii....
Article / 5 months ago
Everest CEO: Reinsurance hard market likely to last into 2025
The current good trading conditions in the reinsurance market can continue all the way into 2025, according to Juan Andrade, CEO of global insurer and reinsurer Everest Group Ltd....
The current good trading conditions in the reinsurance market can continue all the way into 2025, according to Juan Andrade, CEO of global insurer and reinsurer Everest Group Ltd....
Article / 6 months ago
Liberty Mutual, Old Republic book highest US workers' comp loss ratios in Q2
Direct premiums across the industry in the second quarter were the highest during the period in the last five years, surpassing the $13.51 billion logged in the second quarter of 2019...
Direct premiums across the industry in the second quarter were the highest during the period in the last five years, surpassing the $13.51 billion logged in the second quarter of 2019...
Article / 7 months ago
Florida-exposed P&C insurers weather Idalia storm
Florida-based property and casualty insurers and other large carriers that underwrite auto and home insurance in the Southeastern US performed relatively well in the stock market...
Florida-based property and casualty insurers and other large carriers that underwrite auto and home insurance in the Southeastern US performed relatively well in the stock market...
Article / 8 months ago
Allstate, Travelers see Q2 catastrophe losses about double YOY
The Allstate Corp., The Travelers Cos. Inc. and The Progressive Corp. saw the highest second-quarter catastrophe loss increases among US property and casualty...
The Allstate Corp., The Travelers Cos. Inc. and The Progressive Corp. saw the highest second-quarter catastrophe loss increases among US property and casualty...
Article / 8 months ago
Insurers hit hard as US hailstorms grow more severe, costly in warming climate
Severe hailstorms that scientists believe may be driven by climate change, coupled with rising populations in areas prone to violent weather, pummeled...
Severe hailstorms that scientists believe may be driven by climate change, coupled with rising populations in areas prone to violent weather, pummeled...
Article / 8 months ago
