property/casualty insurance News
Allstate’s Auto Claims Rise as Fourth Quarter Profit Drops 41%
Allstate Corp., the largest publicly traded U.S. car and home insurer, said fourth-quarter profit fell on a surge in auto claims. Net income declined 41 percent to $489 million, or $1.18 a share, ...
Insurance Industry M&A Set to Surge: Willis Towers Watson
Insurance industry M&A activity will intensify, rather than dissipate, over the next few years, according to a Willis Towers Watson survey of senior insurance executives. Approximately 82 percent ...
Inadequate Brazil Leaders Compound Commodities Slump: Chubb CEO Greenberg
Evan Greenberg, the chief executive officer of Chubb Ltd., said Brazilians can blame their country's leaders, and not just a commodities slump, for the nation's woes. "The economic environment, the ...
Travelers Profit Plunges 17 Percent, Slammed by Troubled Energy Investments
Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit fell 17 percent as investment income declined on low bond yields and valuations for ...
Most Insurers Both Ready for and Threatened by Solvency II
With only a few weeks left before Solvency II rules kick in on Jan. 1, most insurers are at least somewhat ready for the new minimum capital requirements, according to a new survey of executives from ...
Updated: Venezuela Volatility Hurt Liberty Mutual’s Q3
Liberty Mutual Holding Company continued to deal with the volatile Venezuelan market during the 2015 third quarter, from which it is pulling back. It also faced some energy related losses during that ...