Insurers in the emirate typically buy low-attaching reinsurance....
Liberty Mutual, Allstate, Berkshire catastrophe losses exceed $3B in 2022
Ice covers a restaurant along the Lake Erie shoreline on Dec. 24, 2022, in Hamburg, N.Y., after winter storm Elliott hit the Buffalo suburb with wind gusts over 70...
Ice covers a restaurant along the Lake Erie shoreline on Dec. 24, 2022, in Hamburg, N.Y., after winter storm Elliott hit the Buffalo suburb with wind gusts over 70...
Article / 1 year ago
US P&C Q4'22 earnings recap – Auto losses deal heavy blow to Allstate
While the final quarter of 2022 was rough for many property and casualty insurers, The Allstate Corp. particularly took it on the chin....
While the final quarter of 2022 was rough for many property and casualty insurers, The Allstate Corp. particularly took it on the chin....
Article / 1 year ago
Cloud hangs over personal auto carriers after Allstate's Q4'22 earnings preview
A disappointing preannounced report from The Allstate Corp. paints a potentially gloomy picture for other personal auto insurers as P&C carriers prepare for their...
A disappointing preannounced report from The Allstate Corp. paints a potentially gloomy picture for other personal auto insurers as P&C carriers prepare for their...
Article / 1 year ago
Actuary says NY livery insurer's reserves 'inadequate' by more than $500M
Ronald Kuehn in a statement of actuarial opinion said the $190 million provision for unpaid losses and loss-adjustment expenses made by American Transit Insurance...
Ronald Kuehn in a statement of actuarial opinion said the $190 million provision for unpaid losses and loss-adjustment expenses made by American Transit Insurance...
Article / 3 years ago
Nordic insurers in 'safer place' on virus business interruption — Tryg CEO
Morten Hübbe told analysts he is not expecting any political pressure to reduce motor premiums in response to falling claims frequency caused by coronavirus lockdowns...
Morten Hübbe told analysts he is not expecting any political pressure to reduce motor premiums in response to falling claims frequency caused by coronavirus lockdowns...
Article / 4 years ago
COVID-fueled supply chain disruption a crunch point for insurance claims
Claims professionals have overcome a number of challenges that the coronavirus pandemic has thrown at them, but lack of materials to repair vehicles and buildings is hampering claims fulfillment...
Claims professionals have overcome a number of challenges that the coronavirus pandemic has thrown at them, but lack of materials to repair vehicles and buildings is hampering claims fulfillment...
Article / 4 years ago