Progressive Caps Its Worst Day Since 2000 After Results July 18, 2023 By Bre Bradham and Max Reyes Shares of Progressive Corp. fell the most since 2000 after the insurance company released second quarter results that missed analysts’...
Swiss Re Posts Loss on Hurricane Hit, Signals Price Hikes Ahead October 28, 2022 By Marion Halftermeyer Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and...
NCCI: Workers’ Comp Line Thrives Despite COVID-19 May 11, 2021 By Jim Sams The workers’ compensation line powered through the COVID-19 pandemic last year, generating an average profit of 24% while carriers built...
Analysts Predict Trouble Ahead for Personal Auto as Claims Volume Returns to Normal August 18, 2020 By Jim Sams Insurers are making a bundle on personal auto because claims have plummeted, but the long-term outlook for the line isn’t...
Zurich Property Unit Leads Way to Meet CEO’s Goals August 13, 2018 By Jan-Henrik Förster Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet...
Fitch: Workers’ Comp Profits Remain Strong, Weaker Pricing Ahead August 3, 2018 The U.S. workers’ compensation insurance market reported strong underwriting performance for the third consecutive year in 2017, with an industry...
Fitch: U.S. P/C Personal Lines Results Decline Despite Auto Improvement June 15, 2018 Underwriting losses in the U.S. P/C personal lines segment moved higher for the fourth straight year in 2017, though this...
Catastrophes Affect Lloyd’s Profits, First Loss in 6 Years March 22, 2018 Following one of the costliest years for natural catastrophes in the past decade, Lloyd’s, the specialist insurance and reinsurance market,...
Despite 2017 Catastrophes, Industry Surplus at All Time High February 28, 2018 By Denise Johnson Due to multiple catastrophes during the first nine months of 2017, property/casualty insurers saw profits plummet, according to the latest...
After Cost Cutting Allianz Reports 28% Gain in Quarterly P/C Profits July 27, 2017 By Oliver Suess As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by...