Industry News
Agents Still Rule; Consolidation Ahead, State Auto CEO Says
As part of our continuing look at the Future of Insurance (kicked off in the third-quarter edition), Carrier Management asked State Auto CEO Michael LaRocco his view on the question of how insurance ...
Growth Ahead as State Auto Exits Specialty Biz
A complete digital transformation is taking shape at State Auto Insurance, where efforts to turn around several years of underwriting losses have also meant exits of certain part of the business. ...
Standing Up a New Insurance Carrier: Super Regional State Auto Goes Digital for Real
A lot of property/casualty insurers are talking about digital transformations these days but the change taking shape at a midsized super regional carrier in Columbus, Ohio is different from the rest, ...
GuideOne Insurance Hammered With A.M. Best Ratings Downgrades
GuideOne Insurance was hit with ratings downgrades from A.M. Best, designations assigned to the company, in part because of its operating results over the first half of 2017. Broken down, A.M. Best ...
Deal Struck to Begin Brexit Divorce Negotiations
The U.K. and the European Union struck a deal to unlock divorce negotiations, opening the way for talks on what businesses are keenest to nail down -- the nature of the post-Brexit future. The deal, ...
Lloyd’s of London Proceeds With Brexit Plans in Quest for Certainty
Lloyd's of London will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel ...
2018 Prediction: U.S. P/C Industry Will Take Time to Recover From 2017 Catastrophes
Property/casualty insurers in the U.S. will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to "significant underwriting profits," Fitch ...
XL Group Estimates $250M in Q4 Losses: Calif. Wildfires to Blame
XL Group disclosed preliminary natural catastrophe pre-tax loss estimates of approximately $250 million for the 2017 fourth quarter, stemming largely from wildfires in Northern California. The parent ...