Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes

As it had warned last month, Allstate Corp. reported a fourth-quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in revenue.

The Hanover Reports $11M Q4 Loss

The Hanover Insurance Group reported a fourth-quarter 2022 loss of $11.6 million, driven by widespread catastrophic losses from Winter Storm Elliott.

Chubb Q4 Net Income Down 39%

Fourth-quarter 2022 net income at Chubb Ltd. was about $1.3 billion, nearly 39 percent lower than the same period the prior year, due to catastrophe losses and results in ...

Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida

One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again.