CFO / Financial
First-Quarter P/C Underwriting Income Down 53%
The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53 percent as compared with the same prior-year period, according to preliminary financial ...
G-7 Agree On 15% Minimum Profits Tax To Curb Multinational Firm Tax Dodges
The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15 percent in order to deter multinational companies from avoiding taxes by stashing ...
Insurers Get Low Grades on Climate Change, Biodiversity Loss Action
Most of the world's largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss, but a group of five U.S. insurers are some of those that rank the ...
Loss Reserve ‘Conservatism’ Will Shape the Pricing Cycle
According to our analysis of loss reserves published in mid-March, the year 2020 marked the 15th straight year that the U.S. property/casualty industry's loss reserves developed favorably—by about ...
One Year In: How Insurers Are Doing on AM Best Innovation Assessments
In early March 2020, AM Best released Scoring and Assessing Innovation, our formalized criteria for measuring a company's innovativeness. Within weeks of its official launch, this methodology was put ...
State Auto CFO English Plans to Retire
The veteran CFO at State Auto Financial Corp. is retiring after 21 years with the company. Steven English, State Auto's senior vice president and chief financial officer, will remain with the insurer ...
Insurance, Tech Stocks Outpace InsurTechs in 2021: New HSCM Index
Stock prices of 18 U.S. InsurTechs that went public in the last decade soared as a group in 2020. But so far in 2021, large non-insurance technology companies and traditional insurance stocks both ...