February 19, 2024
As we continue into 2024, many property/casualty companies are primed to grow their businesses, but not all have adequate levels of surplus to support premium growth, an Aon Ward executive said during a December 2023 webinar. Jeff Rieder, partner and …
February 5, 2024
If the old adage “As California goes, so goes the nation” is true, then 2024 will be another year of industry retooling as insurers and regulators set a path for the future of the U.S. P/C property insurance market. Homeowners …
January 11, 2024
As we head into 2024, many property/casualty companies are primed to grow their businesses, but not all have adequate levels of surplus to support premium growth, an Aon Ward executive said during a mid-December webinar. Jeff Rieder, partner and head …
November 20, 2023
Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said in late October while also going out of his way to cast light on a serious obstacle to forward progress: polarization. “I think it’s …
November 3, 2023
While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement, the insurtech expects both situations to reverse by year-end 2026. The cash situation, in fact, will turn around by year-end …
November 2, 2023
Shoring up loss reserves and adding “the premium equivalent” of a top 8 personal auto insurer to its books has put Progressive in a better place now than it was at the end of the second quarter. The carrier’s chief …
November 1, 2023
Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said last week while also going out of his way to cast light on a serious obstacle to forward progress: polarization. “I think it’s a …
September 22, 2023
The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said recently. Dorothée Mélis-Moutafis, North American brokering executive at Guy …
September 12, 2023
Even after putting through 20% rate hikes over the course of this year, The Hartford needs another round of similar magnitude next year, the insurance company’s leader said recently. The Hartford’s auto book won’t turn a profit until 2025, Chief …
September 8, 2023
A profitability problem that would have otherwise taken insurtech Hippo half a year to correct is on the mend after just 30 days, the chief executive officer said at an investor conference Thursday. Speaking at the Keefe, Bruyette & Woods …