Job cuts follow news of first annual loss since 1923...
Progressive out front on commercial auto rate hikes in Q1 2023
The Progressive Corp. continued to increase commercial auto insurance rates during the first quarter of 2023, according to an S&P Global Market Intelligence...
The Progressive Corp. continued to increase commercial auto insurance rates during the first quarter of 2023, according to an S&P Global Market Intelligence...
Article / 2 days ago
USAA implements another round of layoffs
Job cuts follow news of first annual loss since 1923...
Job cuts follow news of first annual loss since 1923...
Article / 10 days ago
Insurtech Root's private auto combined ratio tops 200% for 2nd straight year
Although it raised rates and slashed expenses in 2022, insurance technology company Root Inc. recorded a combined ratio well in excess of 200% in its...
Although it raised rates and slashed expenses in 2022, insurance technology company Root Inc. recorded a combined ratio well in excess of 200% in its...
Article / 12 days ago
Inside in Full: Q1 earnings themes: Cat losses, property hardening, auto malaise
Higher-than-expected cat losses, a significant hardening of the property market and ongoing loss cost challenges in the personal auto space have all been features of Q1 conference calls for carriers so far this earnings season.
Higher-than-expected cat losses, a significant hardening of the property market and ongoing loss cost challenges in the personal auto space have all been features of Q1 conference calls for carriers so far this earnings season.
Article / 20 days ago
Wait ‘Til Next Year: Auto Profit Unlikely to Return in 2023: S&P
In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard & Poor's...
In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard & Poor's...
Article / 26 days ago
Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March....
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March....
Article / 1 month ago
US property and casualty insurers' earnings ride on management of personal auto
Most of the largest publicly traded US property and casualty insurers are set to book sequential and year-over-year increases in revenues in the...
Most of the largest publicly traded US property and casualty insurers are set to book sequential and year-over-year increases in revenues in the...
Article / 1 month ago
Inside in Full: Q1 earnings preview: Are we there yet?
In his 2005 film about a family road trip, Ice Cube, playing the protagonist, is stuck in an SUV with two pretentious children and their mother who he seeks to impress...
In his 2005 film about a family road trip, Ice Cube, playing the protagonist, is stuck in an SUV with two pretentious children and their mother who he seeks to impress...
Article / 1 month ago
Logistics insurance market to exceed $70bn by 2030
The global logistics insurance market is predicted to hit US$70.46 billion by 2030, expanding at a compound annual growth rate of 2.8% between 2023 and 2030, according to a report...
The global logistics insurance market is predicted to hit US$70.46 billion by 2030, expanding at a compound annual growth rate of 2.8% between 2023 and 2030, according to a report...
Article / 2 months 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 / 2 months ago
