Insurance Adjusters Mobilized to Deal with Harvey Cat Losses August 27, 2017 By Denise Johnson Teams of insurance adjusters were mobilized Friday in Texas cities closest to Hurricane Harvey’s expected path of destruction. Hurricane Harvey...
State Auto Financial Reports Net Loss of $24.6M in Q2 2016 August 4, 2016 Columbus, Ohio-based super regional insurer, State Auto Financial Corp. (STFC), has reported a second quarter 2016 net loss of $24.6...
Disaster Fraud Rampant After Floods, Hurricanes May 24, 2016 By Denise Johnson This year, extensive flooding has already affected parts of Texas and Louisiana. With more rain producing floods in the forecast...
State Auto Financial Q1 2016 Results Fall, Combined Ratio Rises May 2, 2016 Ohio-based State Auto Financial Corp. announced first quarter 2016 net income of $3.0 million, or $0.07 per diluted share, versus...
Reinsurance Prices Continue Softening During January 2016 Renewals: Willis Re January 4, 2016 Despite the signs of some pricing stabilization in property catastrophe during the June/July 2015 renewals, hopeful forecasts for a “softening...
Munich Re Q3 Profit Declines 29% on Investment Earnings November 5, 2015 By Nicholas Comfort Munich Re, the world’s biggest reinsurer, said third-quarter profit slumped 29 percent on a decline in earnings from investments. Net...
Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims August 6, 2015 By Nicholas Comfort Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe...
Everest Re Reports Q2 Net Income of $209.1M; Down from $290.2M in Q2 2014 July 28, 2015 Bermuda-based Everest Re Group Ltd. reported second quarter 2015 net income of $209.1 million, or $4.68 per diluted common share,...
Texas Had Costliest U.S. Cat Losses in First Half of 2015: PCS July 22, 2015 Texas had the most catastrophe losses in the United States during the first half of 2015, according to a new...
A.M. Best: Australia’s Nat Cat Losses Will Challenge Underwriting Profits May 12, 2015 A string of recent major natural catastrophe events in Australia is expected to materially affect non-life insurers’ upcoming earnings for...