Allstate
-
The loss for the month was 60% comprising losses from two wind and hail events. -
InsurTech carriers pivot to profitability vs growth.
-
The carrier will continue to push for more auto rates through 2023 as drivers of severity continue to persist.
-
The carrier shifted retentions up and made use of multi-year contracts.
-
Personal lines rates ticked up in April compared to the prior month as insurers try to stay ahead of rising loss costs.
-
The carrier contended with 10 events over the month, with 75% of its losses stemming from three wind events.
-
Travelers posts strong results boosted by better pricing, personal lines performance, and favorable development.
-
The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.
-
Allstate disclosed a $211mn catastrophe loss in February based on nine separate events.
-
The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector.
-
The agency attributed the decision to a material deterioration in the company’s surplus position, as a result of challenging personal property insurance conditions in Florida.
-
2022 statutory data is now available, and results show winners and losers
Most Recent
-
AM Best downgrades Pure’s financial strength rating to A
June 02, 2023 -
M&A weekly roundup: MMA, Gallagher, Inszone and more
June 02, 2023
