Allstate Q4 Catastrophe Loss Tempered by Higher Premiums, Reduced Auto Claims

Article 0 Comments The Allstate Corp. lost $312 million in its 2018 fourth quarter, which was attributable to higher catastrophe losses, lower investment income and a pension settlement charge. Catastrophe losses hit $963 million, versus just under $600 million in Q4 2017. However, the insurer said that higher premiums earned […]

Chubb Took $500M Hit from Catastrophes in Q4 But Saw Better Pricing, Investments

Article 0 Comments In 2018 fourth quarter, global insurer Chubb saw a surge in catastrophe losses, along with growth in premium revenue, better global property/casualty pricing and record net investment income. The insurer booked $355 million in net income compared to more than $1.5 billion in net income over Q4 […]

Munich Re Reports 56% Drop in Q4 Profit on Spate of Natural Disasters

Article 0 Comments German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018. Net profit fell to 238 million euros ($271.13 million) from 538 million euros a year earlier but met […]

Everest Re Estimates Q4 2018 Catastrophe Losses of $695 Million

Article 0 Comments Everest Re Group, Ltd. expects to incur in the fourth quarter 2018 catastrophe losses of $695 million, net of reinsurance, reinstatement premiums and taxes. The catastrophe losses were related to the fourth quarter 2018 events of Hurricane Michael which affected Florida and other states in the southeastern […]

Arch Capital Estimates Q4 2018 Catastrophe Losses Could Total $130M

Article 0 Comments Arch Capital Group Ltd. reported an estimated range of fourth quarter pre-tax losses of $110 million to $130 million from global natural catastrophes, including Hurricane Michael and California wildfires. These estimates are net of reinsurance recoveries and reinstatement premiums, said Bermuda-based Arch. This estimated range updates the […]

Annual Global Festival for Diversity & Inclusion, Dive In, Begins This Week

Article 0 Comments The fourth annual global festival for diversity and inclusion (D&I), Dive In, begins this week in a record number of 27 countries across the globe. Dive In began in 2015 in London, growing to 10 countries in 2016, 17 in 2017, and this year boasts 109 events […]

Commercial Lines Premiums Up 2% in Q2: CIAB Survey

Article 0 Comments The trend of increasing commercial insurance premiums that began in the fourth quarter of 2017 continued last quarter. Average premiums across all sized accounts increased by 1.5 percent in Q2, according to The Council of Insurance Agents & Brokers’ latest Commercial Property/Casualty Market Index Survey. With the […]

4th Dive-In Diversity & Inclusion Festival to Be Held Sept. 25-27 in 50-Plus Cities

Article 0 Comments The fourth Dive In Festival for diversity and inclusion (D&I) in insurance will reach more cities than ever in 2018, marking outstanding growth since its inception in 2015. Events this year will be spread across three days from Sept. 25-27 in 26 countries, returning to locations such […]

Rising Homeowners Losses Hurt P/C Insurers in 2017: Fitch

Article 0 Comments Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed largely to underwriting losses. It is showing some improvement now, but […]

Arkansas Supreme Court Halts Judge’s Dicamba Ban Exemptions

Article 0 Comments The Arkansas Supreme Court has halted a fourth judge’s ruling exempting some farmers from an herbicide ban that took effect last week. Justices has stayed a Clay County judge’s order prohibiting the state Plant Board from enforcing its ban on dicamba against a group of farmers in […]