Effective date for new and renewal rates is September 01, 2022...
Catastrophe losses drop sharply YOY in Q1 for many big US insurers
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Article / 1 month ago
P&C insurers seeing catastrophe loss respite in Q4'21
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Article / 5 months ago
Cat losses, inflation among focal points during P&C insurers' Q3 earnings season
All but one of the 20 largest P&C and multiline insurers for which estimates are available are expected...
All but one of the 20 largest P&C and multiline insurers for which estimates are available are expected...
Article / 8 months ago
Fla. insurers paring exposures to cut reinsurance costs at June renewals
Reinsurance prices will continue to rise at June 1 and July 1, but there are signs that the speed of increase is slowing...
Reinsurance prices will continue to rise at June 1 and July 1, but there are signs that the speed of increase is slowing...
Article / 1 year ago
Top Risks For The Global Insurance Industry
Could COVID-19’s second wave shake up the sector?...
Could COVID-19’s second wave shake up the sector?...
Report / 2 years ago
Cat losses, pandemic likely to be highlighted in P&C insurers' Q3 results
Revenue for a majority of the largest P&C insurers is expected to be up year over year, but 15 of them are also expected to report a year-over-year decline in EPS...
Revenue for a majority of the largest P&C insurers is expected to be up year over year, but 15 of them are also expected to report a year-over-year decline in EPS...
Article / 2 years ago
Data transparency 'key' to end racial disparities in insurance, regulator says
California Insurance Commissioner Ricardo Lara spoke with S&P Global Market Intelligence about the impacts of the pandemic, the need to eradicate discrimination...
California Insurance Commissioner Ricardo Lara spoke with S&P Global Market Intelligence about the impacts of the pandemic, the need to eradicate discrimination...
Article / 2 years ago
No significant insurance losses expected from George Floyd demonstrations
Insured losses from the ongoing demonstrations over the death of an African-American man in police custody are not expected to be significant, two industry analysts have said...
Insured losses from the ongoing demonstrations over the death of an African-American man in police custody are not expected to be significant, two industry analysts have said...
Article / 2 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 / 2 years ago
3 years of cat losses provide key lesson for insurers, says Swiss Re exec
Insurers should learn that basing decisions on historical analysis alone is not good enough, said catastrophe perils head Martin Bertogg, as the reinsurer's latest report warned of growing future losses...
Insurers should learn that basing decisions on historical analysis alone is not good enough, said catastrophe perils head Martin Bertogg, as the reinsurer's latest report warned of growing future losses...
Article / 2 years ago
