Michael LaRocco News
State Auto Ekes Out Small Profit; Combined Ratio Reaches 107
State Auto Financial Corp. eked out a small profit in the second quarter, with rate hikes helping its bottom line. At the same time, the Ohio-based insurer struggled with a combined ratio well above ...
P/C CEO Tweets on Immigration Policy: “This Is Wrong”
Americans who took to social media to protest the treatment of the children of U.S. border-crossing immigrants included a prominent property/casualty insurance company chief executive. Joining a ...
E&S Deal: CapSpecialty Buys Renewal Rights to Rockhill Environmental Biz from State Auto
Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group's excess and surplus environmental insurance book of ...
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, ...
Future of State Auto’s E&S Business Under Review
Columbus, Ohio-based State Auto Insurance Group is reviewing options for its excess and surplus (E&S) lines business, including a possible sale, the company said in an announcement. State Auto ...
State Auto’s Q2 Results Include Improved Income and Combined Ratio
State Auto Financial Corp.'s latest financial results appear to be a step in the right direction. The Columbus, Ohio-based super regional insurer reported 2017 second quarter net income of $8.7 ...
Guts, People, Regulatory Education Needed to Innovate Insurance
At an industry conference last month, two insurance executives welcomed news of potential flexibility coming from state regulators as they pursue individual paths to digital and data-driven futures, ...
State Auto, Munich Re America CEOs Sound Off at P/C Insurance Joint Industry Forum
President-elect Donald Trump was just one of many things on the minds of property/casualty insurers at this year's Insurance Information Institute Property/Casualty Insurance Joint Industry Forum, ...