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Lemonade remains a money-loser, but the digital insurer continues to take steps toward building a sustainable business. One of those key areas is in advertising spend. In the company's Q1 2021 ...
Generali's first-quarter net profit plunged 84.8 percent to €113 million ($124 million) from €744 million ($815.5 million) reported in Q1 2019 as a result of the impact of the COVID-19 pandemic ...
Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its ...
German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which ...
The Progressive Corp. said its results for the first quarter were "significantly impacted" by the spread of the coronavirus and social distancing and shelter-in-place restrictions. Despite a 30 ...
Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis in excess of 1 billion euros ($1.08 billion) this year after it posted a ...
Allstate Corp. reported that its adjusted net income rose 47% in the first quarter to $1.14 billion, a jump of 47%, thanks to higher underwriting income and lower catastrophe costs, compared with the ...
State Auto Financial Corp. lost $114.6 million in the 2020 first quarter and said its combined ratio climbed above 107. Investment and catastrophe losses were behind the results. At the same time, ...
If there's one thing that AIG's top leaders have tried to get across, it is this: COVID-19 is like nothing else the industry has faced, it will impact nearly every part of what insurers do in the ...
AXIS Capital Holdings Ltd. must deal with a ratings downgrade issued by A.M. Best over concerns about its financial performance. On May 5, A.M. Best downgraded the financial strength rating to "A" ...
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