Commercial Lines
-
From storms to Covid, large catastrophes are affecting P&C terms and limitations.
-
The firm’s earnings set it on the path of great expectations for 2022-2023.
-
Good news may be temporary, no matter how good it is.
-
he executive pointed to the reported outline of the bill – including $100bn to spend on roads and bridges, $65bn for broadband, and $17bn for ports – as having the potential to increase demand for insurance.
-
The workers’ comp insurer reports a Q2 drop in combined ratio and net premiums earned.
-
Rate in excess-of-loss cost trends translated into margin improvement for the quarter.
-
The latest funding round was co-led by Icon Ventures and Lightspeed Venture Partners.
-
Higher prices and moderate cat losses will be key profitability drivers.
-
The company has tailored a product for MGA Homeowners of America with a streamlined claims process.
-
While the pandemic offered some relief to commercial auto insurers, maintaining margins will be tricky to achieve given rate moderation.
-
Social Inflation could rebound faster than expected and disrupt the industry's narrative on margin expansion.
-
The company blew past analyst earnings estimates, benefitting from lower cats and higher reserve releases, though underlying margins weakened.
