Cincinnati Financial
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At the same time, insurers are assessing the level needed to address loss cost trends. -
Overall, the executive said the company feels “really good and bullish” about the personal lines business for both its HNW and middle market books.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The regional cohort keeps pace with nationals on pricing, and stays ahead on reserving trends.
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The events were widespread, but each was under $100mn in size.
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Overall, the carrier reported a combined ratio of 100.7% for the quarter, which was 10.8 points higher than the prior year period.
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Travelers posts strong results boosted by better pricing, personal lines performance, and favorable development.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier said ~$170mn of the total expected losses came from the three March storms that affected several US states earlier this year.
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The carrier will now share the next $900mn with reinsurance for a catastrophe event, while in 2022 it retained the first $100mn and shared the next $800mn.
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