Content from Chad Hemenway
Skeptical AM Best Tags U.S. D&O Segment With Negative Outlook
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of ...
25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey
Overall commercial property/casualty premiums increased slightly for all account sizes to 7 percent on average in the fourth quarter of 2024, continuing a trend that has now last more than six years. ...
Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’
Insurtech Lemonade reported a fourth quarter 2023 net loss of $42.4 million and a net loss of about $237 million for the full year but its chief executive said the company has seen "dramatic ...
InsurTech Root Results Improve but Remain at a Net Loss
InsurTech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for ...
Allstate Reports $276M in January Cat Losses, Updates Rate Increases
Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Ill.-based insurer reached its $150 million threshold to report catastrophe losses following ...
Prudential Reports Unauthorized Access to Its Computer Systems
Prudential Financial has disclosed a hacker gained unauthorized access to its systems earlier this month. In a Feb. 13 filing with the U.S. Securities and Exchange Commission, Prudential said that on ...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion, according to data from 15 state surplus lines offices released by the Wholesale & ...Chubb Writing More Personal E&S, but CEO Greenberg Doesn’t Like the Trend
Chubb is writing more North American personal excess and surplus lines business, but the insurer's chief executive is not exactly celebrating. While he reminded analysts during a fourth-quarter ...