Industry News
Different Works: RLI Posts Sub-80 First-Quarter Combined Ratio—Again
As property/casualty insurers preannounce catastrophe loss estimates that will dent first-quarter 2023 bottom lines almost daily, RLI Corp. reported a 68 property combined ratio with a 50 percent ...
Allstate Estimates $1.7B of Q1 Cat Losses
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March. Losses in March were ...
Betterview Launches AI Roof Technology to Enhance U/W Decisions
California-based insurtech and property intelligence company, Betterview, announced new technology that uses artificial intelligence (AI) and computer vision to analyze high resolution aerial imagery ...
Desjardins Avidly Searching for P/C Acquisitions
Canada's Desjardins Group is seeking acquisitions in the property and casualty (P&C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters this week. ...
When Managers Try to Be Therapists, Worker Mental Health Suffers
Layoffs, return-to-office battles and concerns over artificial intelligence replacing jobs have elevated employee stress levels, exposing a troubling workplace ...
No Such Thing as a ‘Run on the Bank’ In Insurance Biz: Travelers CEO
With recent troubles in the banking sector having only minimal impact on his company's specialty lines results, the chief executive of Travelers devoted a few minutes of an earning conference to ...
Florida State-Run Reinsurance Plan a Bust? Only Three Sign On
After five years of tweaks to Florida's insurance and tort laws, all designed to reduce the vast amount of claims litigation and – eventually – bring down property ...
Travelers Inks Record Commercial Premium for Q1 ’23
With net written premiums for the Business Insurance segment of its book rising 14.5 percent to a $5.2 billion record level for the first quarter, Travelers posted 12 percent premium growth across ...
Snap Claims It’s Wrongly Dragged Into Social Media Addiction Suits
Snap Inc. says it can't be sued for allegedly addicting young users and contributing to a mental health crisis because its "ephemeral" messaging service is "fundamentally ...