Markets
Louisiana Citizens Starts Home Depot Claims Program
Louisiana Citizens Property Insurance Corp. will connect its policyholders with experienced, licensed and insured local contractors in a program with Home Depot. The state's property insurer of last ...
California Comp Underwriting Profit Unlikely in 2014: Fitch
Although premium rate increases and market reforms will help to improve the underwriting results of California workers compensation insurance writers, they will still see underwriting losses in the ...
GEICO Led Personal Auto Pack in 2013 Premium Growth: SNL Financial
GEICO Corp. beat out its competitors in premium growth in 2013 and reported one of the best underwriting margins among the top 20 U.S. auto insurers. According to a report by SNL Financial, GEICO's ...
Risk of Landfalling Hurricanes Reduced as Upcoming El Niño Event Plays Out
The big news heading into the 2014 Atlantic hurricane season is the imminent arrival of what we think will be a significant El Niño event, the first such event since 2009. An El Niño event is a ...
U.S. at Risk of Severe Weather From Climate, Scientists Say
More than half the U.S. population lives in coastal areas that are "increasingly vulnerable" to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory ...
Allstate’s Quarterly Profit Grows With Higher Insurance Premiums
Allstate Corp, the largest listed U.S. home and auto insurer, reported a better-than-expected quarterly profit as it earned higher insurance premiums across its businesses. Premiums earned at the ...
AIG’s Q1 P/C Results Dip, But Execs Promise More Even Year
Two years after repaying a U.S. bailout, American International Group Inc. faces another challenge: a big decline in net income and a dip in property/casualty insurance results during its 2014 first ...
Fitch: Commercial Auto Insurers Still Losing Money on Underwriting
The commercial automobile insurance segment of the U.S. property/casualty insurance industry reported a third consecutive year of underwriting losses, according to Fitch Ratings. The combined ratio ...