Claims & Reserving
Insurers Brace for Significant Hurricane Florence Catastrophe Losses
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane ...
California Falls Short in Giving Utilities Relief From Strict Liability Rules
As California's lawmakers debated late Friday night under the statehouse capitol dome in Sacramento, the city's utility district kept the lights on for them. But the legislators fell short for the ...
Allstate Handled $262M in Pre-Tax Cat Losses for July
The Allstate Corp. said it booked $262 million in estimated pre-tax catastrophe losses for July. Losses stemmed from 15 events. Two severe hail events in Colorado and other states plus the Carr Fire ...
Price Increases, Investment Income, Organic Growth Propel The Hanover’s Q2
Price increases, a jump in net investment income and organic business growth helped give The Hanover Insurance Group a strong second quarter. The Hanover booked $99.3 million in net income during Q2 ...
For 7 Years Running, U.S. Commercial Auto Remains a Money-Loser: Fitch Ratings
U.S. commercial auto insurance remains a trouble spot for carriers even with ongoing attempts to reverse stubborn underwriting losses, Fitch Ratings said in a new report. As a result, Fitch is ...
Improvements in Predictive Analytics Help With Early Identification of Workers Comp Reinsurance Claims
The early identification of claims likely to pierce reinsurance retention levels has long been a challenge for primary insurers and reinsurers. The good news is that over the past decade or so, the ...
How Insurance Is Rethinking Cat Modeling After Last Year’s Disasters
After Hurricane Harvey swept through Texas last August, it left behind not only an estimated $125 billion in damage and nearly 50 inches of rain in some areas but also questions for the insurance ...
Industry Shocker: Reserves Still Adequate
Although analysts at Conning didn't actually use the word "shocked" in their latest report on the property/casualty industry's loss reserve position, the title of the report—and the image on the ...