Personal Lines
Hurricane Isaias Insured Losses Will Surpass $4B: KCC
Hurricane Isaias likely caused $4 billion of insured losses in the U.S. and $200 million in the Caribbean, according to a new report from Karen Clark & Co. The estimates cover privately insured ...
AXA Mulls Sale of Singapore Business
AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter. The French insurer is working with an ...
Beirut Blast Marine Insurance Losses Likely Less Than $250M
Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy ...
Updated: GEICO, Gen Re Are Bright Spots in Otherwise Tough Q2 for Buffett’s Berkshire Hathaway
Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses including Precision Castparts aircraft parts, the BNSF railroad, Occidental ...
For Allstate, Q2 Results Reflected Relative Stability
The Allstate Corp. saw its net income climb during the second quarter, driven in part by rate increases and COVID-19-related shelter-in-place programs that led to a huge premium giveback to ...
Too Many Hurricanes, Not Enough Names: Experts Up Atlantic Forecasts
Already smashing records, this year's hyperactive Atlantic hurricane season is about to get even nastier, forecasters predict. In the coming months, they expect to run out of traditional hurricane ...
Australia Commits $1.2B to Private Sector Cybersecurity After Attacks Spike
Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defenses of companies and households after a rise in cyber attacks, Prime Minister Scott Morrison ...
For State Auto, a Q2 Combination of Operating Losses and Rate Hikes
Healthy rate increases and new business helped State Auto Financial Corp. eke out a small profit in the 2020 second quarter. Overall results, however, were mixed with underwriting operations losing ...