CNA Reports Q4 earnings of $248 Million

CNA Financial Group notched a net income of $248 million during 2022's final quarter.

This was a slight dip from the $266 million ...

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 ...

Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points

Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading ...

W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’

There is no one answer to the overall insurance industry's place within its cyclical path. Each product line needs to be looked at individually, according to Robert ...

January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle

The most challenging January reinsurance renewals in nearly two decades saw global property-catastrophe rate increases of 25-60 percent, with loss-affected clients facing ...

Travelers Estimates Drop in Q4 Income on Winter Storm Losses

Travelers Companies released an estimate of $459 million in pre-tax catastrophe losses during the fourth quarter and expects to report net income of $819 million for the ...

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